Kalyani Cast-Tech Ltd. (KALYANI.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

-105.1%

-₹50.98

vs ₹1,000.00 price

Levered DCF

-₹103.50

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

39.37

Safe zone

Rating

Overall 4 / 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
P/E	48.54×	19.62×	30.61×	27.07×	227.23×	1,142.11×	5,142.18×
P/B	10.15×	4.33×	5.83×	15.28×	47.37×	59.84×	70.72×
P/S	5.53×	2.01×	3.11×	3.44×	5.98×	26.41×	22.77×
EV / EBITDA	37.79×	13.42×	20.64×	18.17×	130.29×	363.95×	315×
Gross margin	16.5%	20.8%	16.7%	25.7%	6.8%	8.1%	9.5%
Operating margin	13.8%	13.4%	13.4%	17.5%	3.4%	2.8%	2.8%
Net margin	11.4%	10.2%	10.2%	12.7%	2.6%	2.3%	0.4%
Current ratio	3.97×	6.62×	4.17×	2.32×	1.36×	1.54×	1.48×
Debt / equity	0.01×	0.08×	0.15×	0.24×	0.43×	1.01×	1.3×
Interest coverage	222.3×	104.6×	76.37×	39×	4.22×	1.1×	0.99×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	20.9%	22.1%	19.1%	56.4%	20.8%	5.3%	1.4%
Return on invested capital	17.9%	19.7%	15.8%	46.7%	18.5%	3.1%	3.8%
Return on assets	17.2%	19.0%	14.9%	33.2%	8.1%	1.9%	0.4%
Free cash flow yield	-2.2%	1.3%	-4.0%	1.6%	1.2%	-0.1%	-0.1%
Earnings yield	2.1%	5.1%	3.3%	3.7%	0.4%	0.1%	0.0%
Enterprise value	₹8.2B	₹2.7B	₹2.9B	₹2.2B	₹3B	₹3B	₹3B
Net debt / EBITDA	-0.21×	-0.31×	-0.16×	-0.17×	0.58×	5.9×	5.22×
Cash conversion cycle (days)	93	90	115	63	30	196	145