KJMC Corporate Advisors (India) Limited (KJMCCORP.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

+487.6%

₹311.82

vs ₹53.07 price

Levered DCF

₹352.79

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	8.8×	29.32×	8.77×	25.28×	71.62×	-3.95×	-8.4×	-5.76×
P/B	0.3×	0.45×	0.34×	0.22×	0.18×	0.12×	0.22×	0.29×
P/S	1.4×	3.42×	2.1×	1.76×	2.01×	1.6×	1.46×	2×
EV / EBITDA	5.43×	14.94×	5.45×	23.1×	9.35×	-5.88×	-33.32×	-41.31×
Gross margin	65.3%	58.9%	69.6%	122.1%	108.2%	20.2%	100.0%	31.2%
Operating margin	27.1%	48.4%	26.6%	-24.2%	-0.9%	29.6%	39.3%	40.8%
Net margin	15.9%	11.7%	24.0%	7.0%	2.8%	-40.5%	-17.4%	-34.7%
Current ratio	14.19×	3.65×	3.07×	13.87×	8.1×	8.22×	0.19×	16.49×
Debt / equity	0.1×	0.04×	0.01×	0.02×	0.05×	0.03×	0×	0.01×
Interest coverage	5.11×	10.31×	11.96×	-8.25×	-0.23×	13.11×	19.59×	13.28×
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	3.4%	1.5%	3.9%	0.9%	0.3%	-3.0%	-2.6%	-5.0%
Return on invested capital	3.3%	4.0%	7.8%	-2.8%	-0.0%	2.1%	-67.0%	5.5%
Return on assets	2.9%	1.3%	3.6%	0.8%	0.2%	-2.7%	-2.2%	-4.8%
Free cash flow yield	14.2%	23.1%	47.7%	-82.6%	-0.1%	152.1%	1.0%	1.3%
Earnings yield	11.4%	3.4%	11.4%	4.0%	1.4%	-25.3%	-11.9%	-17.3%
Enterprise value	₹226M	₹328.6M	₹206.8M	₹100.3M	₹85.9M	₹51.4M	₹57.1M	₹81.4M
Net debt / EBITDA	1.28×	1.06×	0.13×	0.49×	-2.89×	1.14×	5.17×	4.42×
Cash conversion cycle (days)	-112	-502	-258	-140	-143	-276	-278	-105