Kesar Petroproducts Limited (KESARPE.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

-577.1%

-₹68.74

vs ₹14.41 price

Levered DCF

-₹68.07

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.85

Grey zone

Rating

C+

Overall 2 / 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	21.67×	24.16×	17.59×	213.64×	36.93×	200.39×	-38.3×	-316.21×
P/B	1.4×	1.69×	0.7×	0.84×	0.84×	0.86×	0.87×	0.85×
P/S	1.12×	1.32×	0.59×	0.83×	0.65×	0.8×	0.77×	0.65×
EV / EBITDA	13.19×	15.55×	14.58×	18.12×	13.01×	16.64×	30.63×	17.65×
Gross margin	15.5%	21.3%	2.4%	5.1%	6.2%	4.3%	2.2%	3.7%
Operating margin	7.9%	6.6%	-0.9%	1.3%	1.3%	0.4%	-2.0%	0.1%
Net margin	5.2%	5.4%	3.3%	0.4%	1.7%	0.4%	-2.0%	-0.2%
Current ratio	1.39×	1.91×	1.83×	1.41×	1.96×	2.51×	2.42×	2.74×
Debt / equity	0.48×	0.51×	0.5×	0.42×	0.17×	0.14×	0.07×	0.06×
Interest coverage	3.79×	8.8×	-0.95×	1.52×	8.33×	1.46×	-3.01×	0.12×
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	6.5%	6.9%	4.0%	0.4%	2.2%	0.4%	-2.3%	-0.3%
Return on invested capital	5.1%	4.2%	-0.7%	0.5%	1.3%	0.3%	-2.0%	-0.1%
Return on assets	3.9%	4.2%	2.4%	0.2%	1.7%	0.3%	-1.7%	-0.2%
Free cash flow yield	-8.4%	-1.3%	-43.1%	-3.4%	-14.9%	3.3%	28.6%	-16.9%
Earnings yield	4.6%	4.1%	5.7%	0.5%	2.7%	0.5%	-2.6%	-0.3%
Enterprise value	₹2.8B	₹2.9B	₹1.5B	₹1.5B	₹1.2B	₹1B	₹999.2M	₹1.1B
Net debt / EBITDA	3.15×	2.33×	5.82×	5.73×	2.17×	0.56×	-0.01×	1.37×
Cash conversion cycle (days)	99	108	91	81	95	66	64	120