Kiran Syntex Limited (KIRANSY-B.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

+4641.2%

₹616.36

vs ₹13.00 price

Levered DCF

₹356.65

After debt service

Piotroski score

4 / 9

Average

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	-88.12×	-45.83×	-45×	-26.33×	-67.62×	-31×	-30.86×	-18.71×
P/B	3.28×	1.78×	1.68×	0.94×	2.72×	0.86×	0.77×	0.69×
P/S	0.43×	4.13×	0×	1.99×	0×	0×	0×	0×
EV / EBITDA	2,943.53×	-46.32×	-36.07×	-28.74×	-60.07×	-33.76×	-26.57×	-20.35×
Gross margin	1.0%	0.6%	0.0%	0.5%	0.0%	0.0%	0.0%	0.0%
Operating margin	0.0%	-9.1%	0.0%	-7.7%	0.0%	0.0%	0.0%	0.0%
Net margin	-0.5%	-9.1%	0.0%	-7.7%	0.0%	0.0%	0.0%	0.0%
Current ratio	1.06×	0.16×	33.05×	3.09×	3.08×	0.06×	0.12×	0.55×
Debt / equity	0.11×	0.05×	0×	0.11×	0.07×	0.07×	0.06×	0.04×
Interest coverage	0×	-386×	0×	-192.05×	-422.24×	-21.49×	-523×	0×
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	-3.8%	-3.9%	-3.8%	-3.7%	-4.0%	-2.7%	-2.5%	-3.6%
Return on invested capital	-3.4%	-3.7%	-1.6%	-3.3%	-4.1%	-0.4%	-2.9%	-0.6%
Return on assets	-0.7%	-3.1%	-3.8%	-3.1%	-3.5%	-2.5%	-2.3%	-3.3%
Free cash flow yield	3.0%	-0.0%	-7.3%	-3.4%	-0.4%	-0.4%	-0.5%	-0.1%
Earnings yield	-1.1%	-2.2%	-2.3%	-3.9%	-1.5%	-3.2%	-3.2%	-5.3%
Enterprise value	₹61.8M	₹35.7M	₹34.2M	₹22.3M	₹61.7M	₹21.1M	₹19.6M	₹17.4M
Net debt / EBITDA	-72.29×	-0.85×	0.24×	-2.8×	-1.34×	-2.19×	-1.62×	-0.81×
Cash conversion cycle (days)	7	209	0	165	0	0	0	0