Kesar Enterprises Limited (KESARENT.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

-195.4%

-₹8.21

vs ₹8.60 price

Levered DCF

₹1.22

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

-0.31

Distress zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-1.09×	-0.91×	1.33×	-1.53×	-3.41×	0.45×	10.52×	-0.77×
P/B	0.73×	0.55×	0.58×	1.13×	0.94×	0.3×	0.46×	0.56×
P/S	0.17×	0.2×	0.21×	0.13×	0.21×	0.07×	0.05×	0.08×
EV / EBITDA	-4.92×	-1.9×	1.52×	130.57×	19.03×	1.65×	7.88×	17.75×
Gross margin	-8.1%	8.6%	17.9%	12.4%	14.7%	16.6%	20.4%	18.1%
Operating margin	-15.1%	-18.3%	1.0%	-3.3%	-1.1%	2.7%	4.7%	0.7%
Net margin	-15.9%	-21.7%	16.1%	-8.2%	-6.2%	16.6%	0.4%	-10.0%
Current ratio	0.07×	0.17×	0.36×	0.27×	0.31×	0.36×	0.3×	0.3×
Debt / equity	0.11×	0.07×	0.39×	3.19×	2.05×	1.56×	6.07×	6.36×
Interest coverage	-3.23×	-4.86×	0.39×	-0.65×	-0.2×	0.55×	0.98×	0.06×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-67.2%	-61.1%	43.6%	-73.8%	-27.6%	67.1%	4.3%	-71.7%
Return on invested capital	-34.9%	-38.4%	1.9%	-6.8%	-1.6%	4.1%	5.5%	0.6%
Return on assets	-10.7%	-13.9%	13.3%	-7.5%	-4.6%	14.3%	0.4%	-6.2%
Free cash flow yield	-55.1%	-8.2%	49.9%	13.3%	22.4%	123.2%	239.1%	49.9%
Earnings yield	-92.0%	-110.2%	75.0%	-65.3%	-29.2%	222.8%	9.4%	-129.1%
Enterprise value	₹541.8M	₹737.7M	₹1.8B	₹2.5B	₹2.9B	₹2.2B	₹3.4B	₹3.9B
Net debt / EBITDA	-0.14×	-0.2×	0.56×	95.41×	12.48×	1.35×	7.31×	16.32×
Cash conversion cycle (days)	-186	-194	-125	-99	-84	-66	-42	-20