Kamdhenu Ventures Limited (KAMOPAINTS.NS) 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

+1169.7%

₹48.88

vs ₹3.85 price

Levered DCF

₹22.61

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	364×	44.19×	16.64×	-9.81×	-16.73×	-38.59×	-12.2×
P/B	0.41×	1.76×	1.44×	1.37×	-23.95×	273.74×	9.61×
P/S	0.3×	1.1×	0.79×	0.43×	0×	0×	0×
EV / EBITDA	9.26×	18.6×	10.45×	-1,721.05×	0.02×	0×	-10.9×
Gross margin	24.2%	44.1%	32.4%	21.9%	0.0%	0.0%	0.0%
Operating margin	1.5%	31.5%	6.4%	-2.0%	0.0%	0.0%	0.0%
Net margin	0.1%	2.5%	4.7%	-4.3%	0.0%	0.0%	0.0%
Current ratio	2.51×	2.5×	2.22×	1.42×	0.79×	0.82×	1.63×
Debt / equity	0.19×	0.16×	0.13×	0.71×	-10.42×	9.52×	0.59×
Interest coverage	0.91×	28.47×	6.84×	-0.82×	-67×	-150×	-134×
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	0.1%	4.0%	8.7%	-14.0%	143.8%	-709.5%	-78.8%
Return on invested capital	0.6%	29.9%	8.5%	-3.5%	-14.8%	-67.0%	-49.1%
Return on assets	0.1%	2.5%	5.1%	-5.1%	-13.9%	-56.2%	-39.8%
Free cash flow yield	-2.8%	-0.8%	-9.4%	-2.9%	-5.8%	-3.0%	-8.0%
Earnings yield	0.3%	2.3%	6.0%	-10.2%	-6.0%	-2.6%	-8.2%
Enterprise value	₹878.1M	₹3.1B	₹2.4B	₹1.6B	₹1.2M	₹5.7M	₹1.5M
Net debt / EBITDA	1.51×	1.25×	0.55×	-567.08×	0×	0×	1.29×
Cash conversion cycle (days)	225	225	177	136	0	0	0