Kaka Industries Limited (KAKA.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

-679.6%

-₹1,183.92

vs ₹204.25 price

Levered DCF

-₹1,357.83

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.2

Safe zone

Rating

A-

Overall 4 / 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
P/E	10.69×	24.2×	18.81×	25.74×	50.85×	83.76×	179.71×
P/B	2.41×	4.84×	4.75×	9.46×	20.37×	34×	177.89×
P/S	0.76×	1.57×	1.44×	1.17×	2.16×	3.21×	6.09×
EV / EBITDA	8.21×	14.46×	13.48×	16.13×	28.81×	42.85×	112.91×
Gross margin	26.5%	35.4%	19.7%	25.1%	12.4%	12.9%	10.3%
Operating margin	11.7%	11.3%	11.6%	7.7%	7.4%	7.2%	5.5%
Net margin	7.1%	6.5%	7.6%	4.5%	4.3%	3.8%	3.4%
Current ratio	1.25×	1.16×	1.38×	1.83×	1.65×	1.26×	1.26×
Debt / equity	1.25×	1.12×	0.87×	2.05×	2.2×	2.69×	5.84×
Interest coverage	4.81×	4.3×	8.57×	5.1×	4.01×	3.57×	6.73×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	22.6%	20.0%	25.2%	36.7%	40.1%	40.7%	99.3%
Return on invested capital	12.1%	11.9%	15.2%	14.5%	16.1%	15.0%	18.8%
Return on assets	9.0%	8.2%	12.0%	10.6%	10.8%	8.5%	6.4%
Free cash flow yield	-11.7%	-7.2%	-12.3%	-1.7%	-2.4%	-5.5%	-3.1%
Earnings yield	9.4%	4.1%	5.3%	3.9%	2.0%	1.2%	0.6%
Enterprise value	₹3B	₹3.8B	₹2.9B	₹2.2B	₹2.8B	₹2.7B	₹2.6B
Net debt / EBITDA	2.64×	2.65×	2.01×	2.44×	2.8×	3.12×	3.53×
Cash conversion cycle (days)	112	124	82	76	96	95	87