K G Denim Limited (KGDENIM.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

-591.4%

-₹66.04

vs ₹13.44 price

Levered DCF

-₹107.64

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

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	106×	-1.11×	-2.69×	-2.1×	-13.47×	-10.78×	-2.67×	15.02×
P/B	-3.31×	-4.71×	3.01×	1.27×	1.54×	0.93×	0.54×	1.29×
P/S	0.79×	0.61×	0.27×	0.12×	0.2×	0.18×	0.09×	0.18×
EV / EBITDA	25.97×	-33.8×	63.2×	-236.78×	11.57×	12.06×	16.09×	6.25×
Gross margin	30.5%	-51.3%	23.0%	12.6%	13.1%	16.3%	14.5%	22.2%
Operating margin	7.6%	-68.6%	-5.6%	-3.3%	2.7%	2.7%	-4.0%	1.6%
Net margin	0.7%	-54.7%	-10.2%	-5.5%	-1.4%	-1.7%	-3.3%	1.2%
Current ratio	1.19×	1.04×	0.71×	0.79×	0.97×	0.99×	0.91×	0.99×
Debt / equity	-26.41×	-26.65×	9.54×	4.31×	3.07×	2.91×	2.4×	1.97×
Interest coverage	0.14×	-1.49×	-0.55×	-0.72×	0.61×	0.47×	-0.83×	0.44×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.3%	1.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-14.1%	22.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-3.1%	425.9%	-111.9%	-60.3%	-11.0%	-8.6%	-20.1%	8.6%
Return on invested capital	-0.1%	-14.4%	-4.1%	-4.9%	4.9%	1.9%	-4.2%	2.4%
Return on assets	0.1%	-10.5%	-6.3%	-6.9%	-1.7%	-1.4%	-3.7%	1.8%
Free cash flow yield	-172.1%	-17.8%	-26.9%	80.2%	13.1%	-4.3%	54.6%	-12.5%
Earnings yield	0.9%	-90.4%	-37.2%	-47.5%	-7.1%	-9.3%	-37.4%	6.7%
Enterprise value	₹3B	₹2.6B	₹2.9B	₹2.6B	₹3.4B	₹2.9B	₹2.4B	₹3.2B
Net debt / EBITDA	23.06×	-28.65×	47.98×	-182.72×	7.69×	9.09×	13.1×	3.73×
Cash conversion cycle (days)	811	167	-45	57	89	118	57	53