Kokuyo Camlin Limited (KOKUYOCMLN.NS) 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

-90.1%

₹7.44

vs ₹75.00 price

Levered DCF

₹29.18

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

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	28.86×	186.49×	26.86×	28.05×	-125.64×	-37.6×	93.95×	64.97×
P/B	2.22×	3.57×	3.97×	2.61×	2.47×	2.26×	1.63×	3.98×
P/S	0.89×	1.41×	1.45×	0.89×	1.17×	1.37×	0.64×	1.44×
EV / EBITDA	12.65×	32.57×	15.18×	13.01×	40.14×	69.54×	15.59×	22.21×
Gross margin	22.2%	19.9%	35.7%	36.9%	35.2%	38.4%	35.9%	37.0%
Operating margin	4.5%	1.7%	7.1%	4.9%	0.1%	-2.0%	3.0%	5.1%
Net margin	3.1%	0.8%	5.4%	3.2%	-0.9%	-3.6%	0.7%	2.2%
Current ratio	2.19×	1.97×	1.77×	1.6×	1.58×	1.61×	1.44×	1.32×
Debt / equity	0.11×	0.18×	0.27×	0.21×	0.29×	0.32×	0.5×	0.7×
Interest coverage	14.04×	2.75×	13.77×	8.48×	0.13×	-0.94×	2.03×	3.11×
Dividend yield	0.0%	0.5%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	86.0%	11.4%	0.0%	0.0%	0.0%	0.0%	0.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.7%	1.9%	14.8%	9.3%	-2.0%	-6.0%	1.7%	6.1%
Return on invested capital	7.2%	2.3%	11.1%	8.6%	0.2%	-2.0%	2.5%	5.4%
Return on assets	5.3%	1.3%	8.9%	5.5%	-1.2%	-3.7%	0.9%	2.7%
Free cash flow yield	3.0%	2.8%	-0.6%	2.2%	1.9%	10.6%	12.5%	-1.9%
Earnings yield	3.5%	0.5%	3.7%	3.6%	-0.8%	-2.7%	1.1%	1.5%
Enterprise value	₹7.4B	₹11.3B	₹12.5B	₹7.3B	₹6.6B	₹6.2B	₹5.3B	₹11.6B
Net debt / EBITDA	0.43×	1.35×	0.86×	0.84×	3.89×	8×	3.58×	3.23×
Cash conversion cycle (days)	91	95	124	99	90	175	150	90