KMF Builders & Developers Limited (KMFBLDR.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

-50.3%

₹2.99

vs ₹6.02 price

Levered DCF

₹1.29

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 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	-19.59×	-24.74×	17.51×	13.88×	20.31×	15.03×	12.08×	7.48×
P/B	0.82×	1.04×	0.66×	0.35×	0.54×	0.46×	0.4×	0.19×
P/S	0×	4.53×	0.42×	1.89×	1.96×	1.15×	1×	0.53×
EV / EBITDA	-23.78×	-22.36×	8.35×	2.86×	4.13×	18.04×	4.41×	2.17×
Gross margin	0.0%	8.0%	6.8%	53.4%	46.1%	33.0%	95.9%	41.5%
Operating margin	0.0%	-40.9%	4.2%	27.5%	9.1%	19.2%	8.7%	7.6%
Net margin	0.0%	-18.3%	2.4%	13.6%	9.7%	7.6%	8.3%	7.5%
Current ratio	55.19×	49.98×	33.65×	2.34×	2.4×	2.26×	570.58×	2.24×
Debt / equity	0.01×	0.02×	0.02×	0.03×	0.04×	0.73×	0.16×	0.03×
Interest coverage	-13.1×	-36.04×	30.45×	18.52×	8,811.85×	32.5×	13.37×	26.28×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-4.2%	-4.2%	3.8%	2.5%	2.7%	3.0%	3.3%	2.7%
Return on invested capital	-7.8%	-9.1%	4.7%	3.3%	1.8%	3.7%	0.5%	2.0%
Return on assets	-4.1%	-4.0%	3.6%	1.4%	1.5%	1.7%	0.7%	1.5%
Free cash flow yield	-24.9%	-6.5%	8.9%	-46.0%	9.5%	60.3%	-50.7%	48.1%
Earnings yield	-5.1%	-4.0%	5.7%	7.2%	4.9%	6.6%	8.3%	14.1%
Enterprise value	₹78.8M	₹89.8M	₹64.3M	₹16.4M	₹20.3M	₹95.8M	₹13.5M	₹9M
Net debt / EBITDA	5.16×	9.13×	-2.55×	-4.65×	-8.97×	8.04×	-1.36×	-2.87×
Cash conversion cycle (days)	0	-2	160	5,332	2,959	1,680	83,515	2,617