Kaiser Corporation Limited (KACL.BO) 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

-62.1%

₹2.00

vs ₹5.27 price

Levered DCF

-₹6.63

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-20.43×	-27.45×	182.84×	1,052.29×	519.5×	2.17×	-9.43×	23.31×
P/B	4.48×	4.71×	8.12×	20.85×	40.19×	0.32×	1.28×	1.89×
P/S	1.96×	1.46×	2.34×	7.7×	8.32×	0.09×	0.44×	0.54×
EV / EBITDA	-745.52×	-140.97×	30.83×	81.92×	107.96×	3.55×	-40.75×	8.28×
Gross margin	28.4%	72.2%	44.4%	-15.0%	20.1%	42.5%	33.4%	38.3%
Operating margin	-34.0%	-12.3%	8.1%	-29.9%	7.3%	10.4%	-7.1%	7.3%
Net margin	-9.4%	-5.4%	1.3%	0.7%	1.7%	4.0%	-4.8%	2.3%
Current ratio	1.08×	1.12×	1.24×	1.22×	1.27×	1.24×	1.25×	1.23×
Debt / equity	3.48×	3.02×	1.69×	1.47×	0.85×	1.2×	1.14×	0.87×
Interest coverage	-1.91×	-1.28×	1.24×	-5.03×	2.48×	2.76×	-1.51×	2.75×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-21.5%	-17.5%	4.4%	2.0%	8.1%	14.7%	-14.0%	8.1%
Return on invested capital	-14.5%	-7.3%	8.2%	-12.0%	10.3%	14.3%	-8.2%	8.8%
Return on assets	-3.3%	-2.8%	0.9%	0.4%	1.8%	3.2%	-4.0%	1.9%
Free cash flow yield	-10.0%	-17.7%	-4.1%	-2.2%	0.6%	-61.4%	-16.7%	-14.8%
Earnings yield	-4.8%	-3.7%	0.5%	0.1%	0.2%	46.2%	-10.9%	4.3%
Enterprise value	₹401.1M	₹473.8M	₹710.1M	₹1.6B	₹2.8B	₹94.7M	₹130.7M	₹167.7M
Net debt / EBITDA	-325.84×	-55.02×	5.26×	5.37×	2.16×	2.79×	-19.1×	2.56×
Cash conversion cycle (days)	423	488	354	316	80	62	155	30