K I C Metaliks Limited (KAJARIR.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

-87.2%

₹3.91

vs ₹30.60 price

Levered DCF

₹33.37

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	69.67×	-18.9×	72.33×	10.27×	4.92×	18.17×	23.1×	6×
P/B	0.42×	0.66×	0.91×	1.07×	1.19×	1.58×	1.73×	1.87×
P/S	0.09×	0.16×	0.19×	0.25×	0.37×	0.35×	0.38×	0.22×
EV / EBITDA	6.26×	17.2×	10.95×	7.16×	3.92×	9.14×	9.64×	4.68×
Gross margin	6.6%	9.3%	8.1%	4.9%	12.5%	4.6%	5.9%	6.8%
Operating margin	1.3%	-0.4%	1.3%	4.0%	10.6%	3.5%	4.5%	5.9%
Net margin	0.1%	-0.8%	0.3%	2.5%	7.5%	1.9%	1.7%	3.7%
Current ratio	1.18×	1.09×	1.15×	1.13×	1.08×	1.05×	1.02×	1×
Debt / equity	0.59×	0.71×	0.72×	0.72×	0.98×	1.08×	1.03×	0.91×
Interest coverage	1.05×	-0.25×	1×	2.7×	2.86×	1.86×	2.39×	7.02×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.6%	-3.5%	1.3%	10.4%	24.3%	8.7%	7.5%	31.1%
Return on invested capital	1.9%	-0.4%	3.2%	5.4%	10.5%	4.9%	4.9%	16.4%
Return on assets	0.3%	-1.4%	0.5%	4.7%	9.9%	2.5%	2.1%	8.5%
Free cash flow yield	35.8%	12.5%	7.3%	20.4%	-18.5%	3.2%	-3.8%	-7.4%
Earnings yield	1.4%	-5.3%	1.4%	9.7%	20.3%	5.5%	4.3%	16.7%
Enterprise value	₹1.7B	₹2.3B	₹2.9B	₹3.2B	₹3.5B	₹3.1B	₹3B	₹2.8B
Net debt / EBITDA	3.49×	8.73×	4.75×	2.87×	1.76×	3.53×	3.5×	1.54×
Cash conversion cycle (days)	66	78	74	72	107	93	21	0