Kopran Limited (KOPRAN.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

-111.9%

-₹27.86

vs ₹235.01 price

Levered DCF

₹333.37

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 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	20.27×	23.44×	25.58×	19.56×	20.4×	7.38×	5.23×	7.6×
P/B	0.98×	1.74×	2.65×	1.21×	2.92×	1.85×	0.58×	1.08×
P/S	0.77×	1.44×	2.12×	0.97×	2.62×	0.94×	0.31×	0.52×
EV / EBITDA	10.71×	14.07×	16.06×	10.95×	13.4×	5.21×	4.4×	5.76×
Gross margin	23.4%	35.7%	34.0%	34.0%	40.1%	34.7%	39.3%	17.9%
Operating margin	8.9%	26.1%	10.7%	8.1%	16.2%	15.2%	11.1%	11.6%
Net margin	3.8%	6.1%	8.3%	5.0%	12.9%	12.8%	6.0%	6.9%
Current ratio	1.51×	1.76×	2.08×	2.25×	2.74×	1.72×	1.59×	1.54×
Debt / equity	0.29×	0.29×	0.2×	0.17×	0.17×	0.27×	0.47×	0.52×
Interest coverage	5.77×	17.61×	7.65×	7.32×	15.01×	11.75×	4.35×	4.49×
Dividend yield	2.8%	1.6%	1.1%	2.7%	0.5%	1.4%	0.0%	0.0%
Payout ratio	56.3%	37.5%	28.4%	53.1%	10.6%	10.5%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	7.4%	10.4%	6.2%	14.3%	25.1%	11.1%	14.3%
Return on invested capital	6.5%	17.8%	8.2%	6.3%	11.1%	16.7%	10.0%	11.5%
Return on assets	2.8%	4.6%	6.9%	4.2%	10.0%	14.0%	5.7%	6.8%
Free cash flow yield	-2.0%	-1.5%	-1.0%	-5.1%	-6.1%	7.8%	15.4%	-3.3%
Earnings yield	4.9%	4.3%	3.9%	5.1%	4.9%	13.6%	19.1%	13.2%
Enterprise value	₹6.7B	₹10.3B	₹13.9B	₹6B	₹13.1B	₹5.2B	₹2B	₹2.7B
Net debt / EBITDA	2.33×	1.67×	1.05×	1.24×	0.7×	0.66×	1.95×	1.87×
Cash conversion cycle (days)	150	174	149	152	211	108	156	119