Krishana Phoschem Limited (KRISHANA.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

-5778.4%

-₹13,219.28

vs ₹232.80 price

Levered DCF

-₹14,118.18

After debt service

Piotroski score

3 / 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	16.15×	16.76×	37.53×	55.26×	26.48×	11.95×	4.42×	4.32×
P/B	5.19×	3.78×	5.05×	5.64×	1.77×	0.82×	0.49×	0.57×
P/S	1.2×	1.07×	1.65×	7.03×	1.88×	0.82×	0.37×	0.41×
EV / EBITDA	11.53×	9.86×	15.03×	32.23×	8.1×	3.46×	2.07×	2.79×
Gross margin	24.8%	33.1%	19.5%	-9.5%	-16.3%	7.1%	35.8%	36.5%
Operating margin	10.9%	31.0%	10.3%	-23.0%	-30.7%	-7.3%	14.5%	15.1%
Net margin	7.5%	6.4%	4.4%	12.7%	14.1%	13.3%	8.5%	9.4%
Current ratio	1.36×	1.41×	1.33×	1.38×	2.58×	2.43×	2.82×	1.38×
Debt / equity	1.31×	0.98×	1.45×	1.06×	0.31×	0.14×	0.1×	0.29×
Interest coverage	6.81×	10.68×	2.59×	-7.09×	-15.81×	-4.72×	8.37×	6.72×
Dividend yield	0.1%	0.2%	0.1%	0.1%	0.3%	1.0%	2.5%	0.0%
Payout ratio	1.7%	3.6%	3.8%	5.5%	4.6%	6.3%	10.9%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	32.1%	22.5%	13.5%	10.2%	13.3%	13.3%	11.0%	13.2%
Return on invested capital	14.3%	35.7%	8.5%	-5.9%	-14.9%	-4.2%	11.0%	11.7%
Return on assets	11.0%	8.4%	4.8%	4.6%	8.9%	10.0%	8.7%	8.2%
Free cash flow yield	-11.7%	8.0%	-7.9%	-15.3%	-23.3%	-9.7%	35.0%	15.5%
Earnings yield	6.2%	6.0%	2.7%	1.8%	7.5%	16.2%	22.6%	23.2%
Enterprise value	₹36.2B	₹18.1B	₹19.5B	₹17.5B	₹4.6B	₹1.4B	₹730.1M	₹940.2M
Net debt / EBITDA	2.27×	1.98×	3.35×	5.09×	1.22×	0.51×	0.34×	0.94×
Cash conversion cycle (days)	126	101	150	292	175	179	152	108