Kaycee Industries Limited (KAYCEEI.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

-80.5%

₹142.85

vs ₹733.65 price

Levered DCF

₹133.95

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

13.19

Safe zone

Rating

D+

Overall 1 / 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	56.31×	57.05×	1,177.75×	589.78×	628.89×	1,011.24×	587.24×	784.98×
P/B	7.45×	11.15×	222.08×	104.2×	70.81×	57.71×	57.09×	81.76×
P/S	4.13×	6.19×	109.03×	49.55×	40.06×	37.72×	34.84×	42.84×
EV / EBITDA	29.15×	38.09×	714.59×	387.31×	404.3×	496.45×	335.77×	435.54×
Gross margin	37.8%	41.6%	36.7%	36.8%	39.0%	40.8%	53.2%	41.7%
Operating margin	10.9%	32.0%	11.8%	10.3%	7.3%	4.0%	8.6%	2.2%
Net margin	7.3%	10.8%	9.3%	8.4%	6.4%	3.7%	5.9%	5.5%
Current ratio	2.63×	3.05×	3.85×	4.49×	4.11×	3.22×	3.09×	2.79×
Debt / equity	0.09×	0.12×	0.17×	0.22×	0×	0×	0.02×	0.08×
Interest coverage	17.26×	45.55×	13.86×	68.78×	30.03×	12.88×	29.57×	3.57×
Dividend yield	0.3%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	14.4%	11.0%	8.5%	9.1%	10.2%	22.5%	5.7%	5.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.2%	19.5%	18.9%	17.7%	11.3%	5.7%	9.7%	10.4%
Return on invested capital	12.4%	37.5%	15.4%	12.5%	9.4%	4.1%	9.6%	2.6%
Return on assets	9.4%	14.0%	13.0%	12.0%	8.7%	4.1%	6.9%	7.3%
Free cash flow yield	-0.2%	1.6%	0.1%	-0.2%	0.0%	0.1%	0.1%	0.1%
Earnings yield	1.8%	1.8%	0.1%	0.2%	0.2%	0.1%	0.2%	0.1%
Enterprise value	₹2.5B	₹3.3B	₹52.9B	₹20.6B	₹11.7B	₹8.6B	₹8.1B	₹10.6B
Net debt / EBITDA	0.07×	-0.03×	0.3×	0.6×	-0.21×	-0.21×	0.09×	0.04×
Cash conversion cycle (days)	88	88	92	116	130	137	136	112