Kotia Enterprises Ltd (KEL.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

+31.0%

₹29.07

vs ₹22.20 price

Levered DCF

-₹3.01

After debt service

Piotroski score

—

Altman Z-score

—

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	-8.09×	-349.87×	-761.72×	-38.63×	21.2×	33.13×	7.56×	11.21×
P/B	0.7×	0.45×	1.17×	0.98×	1.14×	1×	0.81×	1.39×
P/S	15.41×	40.72×	26.17×	0×	3.29×	12.12×	0.18×	0.13×
EV / EBITDA	28.23×	-33.55×	12.21×	-132.61×	7.57×	5.31×	0.07×	11.01×
Gross margin	100.0%	1.0%	0.6%	0.0%	19.0%	5.4%	22.0%	42.8%
Operating margin	52.8%	209.1%	200.8%	0.0%	3.2%	-65.7%	1.1%	1.5%
Net margin	-190.8%	-11.6%	-3.4%	0.0%	15.5%	37.0%	2.4%	1.1%
Current ratio	3.26×	4.96×	5.39×	5.2×	2.12×	1.74×	2.71×	1.17×
Debt / equity	0×	0×	0×	0×	0.65×	0.22×	0.1×	4.26×
Interest coverage	0×	0×	0×	-0.53×	0.29×	-72.59×	0.44×	0.85×
Dividend yield	0.0%	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%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-8.7%	-0.1%	-0.2%	-2.5%	5.3%	3.1%	10.7%	12.4%
Return on invested capital	1.6%	2.0%	9.0%	-0.9%	0.5%	-3.3%	3.2%	2.2%
Return on assets	-7.6%	-0.1%	-0.1%	-2.1%	2.8%	1.3%	6.8%	1.8%
Free cash flow yield	0.0%	0.0%	-1.5%	-98.6%	-41.6%	-46.0%	416.9%	-3.0%
Earnings yield	-12.4%	-0.3%	-0.1%	-2.6%	4.7%	3.0%	13.2%	8.9%
Enterprise value	₹196.1M	₹170M	₹105.9M	₹90.4M	₹83.5M	₹22.5M	₹1.6M	₹323.7M
Net debt / EBITDA	-0.83×	0.56×	-0.68×	4.82×	-2.55×	-16.61×	-3.04×	7.22×
Cash conversion cycle (days)	925	2,172	4,459	0	908	1,776	-28	59