K.P.R. Mill Limited (KPRMILL.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

-23.6%

₹881.63

vs ₹1,153.90 price

Levered DCF

₹1,899.10

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

28.95

Safe zone

Rating

A-

Overall 4 / 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	32.72×	37.43×	35.12×	24.28×	25.44×	14.24×	6.39×	12.28×
P/B	4.98×	6.1×	6.49×	5.33×	6.72×	3.12×	1.29×	2.3×
P/S	4.26×	4.78×	4.67×	3.2×	4.44×	2.08×	0.72×	1.21×
EV / EBITDA	19.68×	24.28×	23.21×	16.42×	18×	9.24×	4.69×	7.6×
Gross margin	24.2%	37.1%	38.1%	37.1%	42.1%	42.3%	38.6%	37.3%
Operating margin	15.8%	26.5%	28.1%	28.2%	32.8%	31.1%	26.7%	26.0%
Net margin	13.0%	12.8%	13.3%	13.2%	17.5%	14.6%	11.2%	9.9%
Current ratio	4.37×	4.29×	2.89×	2.25×	2.53×	2.55×	1.96×	1.76×
Debt / equity	0.1×	0.09×	0.27×	0.36×	0.37×	0.28×	0.42×	0.48×
Interest coverage	20.38×	35.25×	22.92×	22.09×	75.72×	35.69×	18.05×	17.97×
Dividend yield	0.6%	0.6%	0.5%	0.4%	0.0%	0.4%	1.6%	0.1%
Payout ratio	19.7%	21.0%	19.1%	9.0%	0.6%	6.0%	10.0%	1.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.2%	16.3%	18.5%	22.0%	26.4%	21.9%	20.2%	18.7%
Return on invested capital	12.5%	23.2%	23.4%	25.3%	26.2%	26.8%	26.4%	23.3%
Return on assets	12.7%	13.7%	13.7%	14.5%	17.3%	15.8%	13.0%	11.3%
Free cash flow yield	2.8%	4.0%	1.3%	-0.4%	-1.9%	5.1%	20.4%	-0.6%
Earnings yield	3.1%	2.7%	2.8%	4.1%	3.9%	7.0%	15.6%	8.1%
Enterprise value	₹275.8B	₹306.6B	₹293.6B	₹210.1B	₹224.8B	₹79.3B	₹30.4B	₹49B
Net debt / EBITDA	-0.55×	0.12×	0.86×	0.97×	0.85×	0.69×	0.98×	1.23×
Cash conversion cycle (days)	157	183	225	183	174	181	163	202