Jupiter Wagons Limited (JWL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-492.9%

-₹752.85

vs ₹191.63 price

Levered DCF

-₹719.36

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	59.23×	40.93×	46.21×	29.55×	34.1×	10.27×	-509.62×	1.4×
P/B	3.4×	5.68×	9.48×	4.45×	2.48×	0.21×	0.75×	1.29×
P/S	3.48×	3.98×	4.23×	1.74×	1.45×	0.14×	0.58×	0.58×
EV / EBITDA	28.01×	26.02×	30.95×	15.07×	15.99×	2.44×	9.93×	1.17×
Gross margin	22.6%	15.6%	14.7%	13.7%	9.7%	11.7%	-2.2%	2.0%
Operating margin	10.1%	13.3%	12.7%	11.1%	7.9%	8.7%	-2.8%	1.1%
Net margin	5.9%	9.7%	9.1%	5.9%	4.3%	5.4%	-0.1%	41.7%
Current ratio	2×	2.2×	1.56×	1.39×	1.59×	1.51×	1.06×	1.34×
Debt / equity	0.33×	0.18×	0.22×	0.36×	0.2×	0.22×	0.53×	0.43×
Interest coverage	4.25×	8.68×	11.25×	7.87×	5.09×	4.71×	-0.56×	0.11×
Dividend yield	0.4%	0.4%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	24.8%	14.4%	9.8%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	13.9%	20.5%	15.0%	7.3%	8.4%	-0.1%	92.5%
Return on invested capital	4.9%	12.2%	17.1%	12.1%	7.4%	9.0%	-0.1%	1.5%
Return on assets	3.6%	9.6%	11.3%	7.4%	4.6%	5.4%	-0.1%	42.5%
Free cash flow yield	-5.6%	-2.6%	-0.9%	0.1%	1.4%	27.5%	-37.9%	6.5%
Earnings yield	1.7%	2.4%	2.2%	3.4%	2.9%	39.3%	-0.2%	71.6%
Enterprise value	₹106.9B	₹155.5B	₹155.5B	₹37.4B	₹17.9B	₹2.3B	₹1.2B	₹1.4B
Net debt / EBITDA	1.45×	-0.15×	0.45×	0.69×	0.88×	0.98×	3.97×	0.15×
Cash conversion cycle (days)	205	116	102	106	84	73	72	15