Kamadgiri Fashion Limited (KAMADGIRI.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

+48.4%

₹129.88

vs ₹87.54 price

Levered DCF

₹130.18

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.06

Safe zone

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	12.25×	43.12×	-30.78×	26.25×	76.34×	-3.02×	-4.82×	10.91×
P/B	0.96×	1.45×	1.26×	1.08×	0.75×	0.52×	0.49×	1.17×
P/S	0.24×	0.29×	0.2×	0.14×	0.1×	0.12×	0.07×	0.16×
EV / EBITDA	6.58×	10.12×	8.31×	6.51×	6.74×	12.28×	9.38×	5.27×
Gross margin	13.7%	22.1%	7.5%	9.2%	29.4%	24.6%	6.0%	26.3%
Operating margin	2.8%	15.7%	0.3%	3.4%	3.4%	-1.9%	1.0%	4.5%
Net margin	2.0%	0.7%	-0.6%	0.5%	0.1%	-4.1%	-1.4%	1.5%
Current ratio	1.81×	1.47×	1.3×	1.27×	1.21×	1.1×	1.15×	1.26×
Debt / equity	0.38×	0.72×	1.21×	1.84×	2.21×	1.81×	1.68×	1.13×
Interest coverage	1.92×	7.15×	0.09×	1.08×	1.11×	-0.34×	0.39×	1.99×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	7.4%	2.8%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-35.8%	30.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.8%	3.4%	-4.1%	4.1%	1.0%	-17.4%	-10.2%	10.7%
Return on invested capital	8.0%	33.4%	0.6%	5.8%	4.0%	-1.9%	2.0%	9.0%
Return on assets	4.5%	1.5%	-1.2%	0.9%	0.2%	-3.9%	-2.5%	3.1%
Free cash flow yield	17.6%	39.4%	53.4%	41.8%	-14.8%	46.3%	44.9%	22.5%
Earnings yield	8.2%	2.3%	-3.2%	3.8%	1.3%	-33.1%	-20.7%	9.2%
Enterprise value	₹526.6M	₹774.2M	₹850.4M	₹1B	₹994.1M	₹773.1M	₹837.7M	₹1B
Net debt / EBITDA	1.86×	3.36×	4.07×	4.1×	5.04×	9.5×	7.24×	2.58×
Cash conversion cycle (days)	83	80	108	111	129	187	92	104