Kuantum Papers Limited (KUANTUM.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

+649.3%

₹492.92

vs ₹65.78 price

Levered DCF

₹193.99

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

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	13.7×	7.91×	7.59×	7.78×	52.21×	-46.23×	3.47×	5.01×
P/B	0.47×	0.75×	1.24×	1.1×	0.84×	0.72×	0.3×	0.51×
P/S	0.53×	0.82×	1.16×	0.81×	0.85×	1.46×	0.34×	0.49×
EV / EBITDA	8.34×	6.41×	5.49×	4.14×	12.18×	42.8×	6.42×	4.62×
Gross margin	17.7%	37.9%	27.1%	54.7%	43.8%	46.2%	44.9%	47.4%
Operating margin	8.8%	30.7%	25.2%	20.7%	8.9%	-0.7%	12.9%	17.1%
Net margin	3.8%	10.4%	15.2%	10.5%	1.6%	-3.2%	9.7%	9.9%
Current ratio	0.66×	0.83×	1.02×	1.02×	1.23×	0.98×	0.9×	1.36×
Debt / equity	0.71×	0.54×	0.46×	0.53×	0.92×	0.84×	0.69×	0.51×
Interest coverage	2.08×	8.63×	7.08×	3.76×	1.05×	-0.1×	3.08×	5.27×
Dividend yield	4.5%	2.9%	1.9%	0.0%	0.0%	0.4%	2.1%	0.7%
Payout ratio	62.1%	22.6%	14.2%	0.0%	0.0%	-17.0%	7.3%	3.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.4%	9.5%	16.4%	14.1%	1.6%	-1.6%	8.6%	10.2%
Return on invested capital	3.1%	12.3%	12.6%	11.1%	4.5%	-0.1%	6.6%	7.7%
Return on assets	1.7%	5.5%	9.7%	8.1%	0.8%	-0.8%	4.6%	6.1%
Free cash flow yield	-26.4%	-14.9%	8.8%	29.3%	0.8%	-17.8%	-81.2%	-7.0%
Earnings yield	7.3%	12.6%	13.2%	12.9%	1.9%	-2.2%	28.8%	20.0%
Enterprise value	₹14B	₹15.6B	₹18.4B	₹15.7B	₹14.6B	₹12.8B	₹8.2B	₹7.5B
Net debt / EBITDA	4.93×	2.66×	1.32×	1.35×	6.33×	23.07×	4.47×	2.2×
Cash conversion cycle (days)	42	58	63	91	97	79	65	44