Lagnam Spintex Limited (LAGNAM.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

-1872.0%

-₹1,496.94

vs ₹84.48 price

Levered DCF

-₹1,203.49

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.66

Distress zone

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	7.38×	13.3×	14.69×	8.93×	5.36×	5.81×	11.88×	4.84×
P/B	0.78×	1.41×	1.97×	0.93×	1.81×	0.44×	0.25×	0.43×
P/S	0.18×	0.28×	0.49×	0.29×	0.46×	0.13×	0.08×	0.29×
EV / EBITDA	6.94×	8.57×	13.12×	11.13×	6.42×	7.99×	12.05×	12.18×
Gross margin	21.3%	27.6%	22.2%	10.6%	23.4%	13.1%	16.4%	21.2%
Operating margin	8.3%	23.6%	19.4%	5.7%	12.2%	8.2%	4.9%	11.0%
Net margin	2.4%	2.1%	3.3%	3.3%	8.5%	2.2%	0.6%	6.0%
Current ratio	1.03×	1.06×	1.09×	1.35×	1.91×	1.68×	1.13×	1.7×
Debt / equity	2.64×	3.21×	3.47×	1.95×	1.92×	2.86×	2.99×	2.29×
Interest coverage	1.64×	4.61×	5.55×	1.55×	3.8×	1.41×	0.93×	3.83×
Dividend yield	0.0%	0.5%	0.0%	1.0%	1.1%	0.0%	0.0%	0.0%
Payout ratio	0.0%	6.9%	0.0%	9.0%	6.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.6%	10.6%	13.4%	10.4%	33.7%	7.6%	2.1%	9.0%
Return on invested capital	6.9%	18.9%	11.6%	4.4%	10.9%	4.6%	3.9%	3.6%
Return on assets	2.5%	2.3%	2.7%	3.1%	10.3%	1.8%	0.5%	2.5%
Free cash flow yield	28.9%	12.0%	-83.5%	-14.3%	13.3%	21.5%	-286.1%	-373.3%
Earnings yield	13.6%	7.5%	6.8%	11.2%	18.6%	17.2%	8.4%	20.6%
Enterprise value	₹4.6B	₹5.6B	₹5.9B	₹2.7B	₹3.1B	₹1.9B	₹1.8B	₹1.4B
Net debt / EBITDA	5.35×	5.95×	8.37×	7.55×	3.26×	6.92×	11.13×	10.14×
Cash conversion cycle (days)	126	136	137	144	130	135	148	140