Lancor Holdings Limited (LANCORHOL.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

+234.5%

₹100.34

vs ₹30.00 price

Levered DCF

₹98.06

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

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	3.42×	37.53×	45.05×	-862.5×	-18.48×	-27.24×	-54.47×	110.11×
P/B	0.58×	0.89×	2.22×	2.24×	2.4×	2.12×	1.97×	1.89×
P/S	0.67×	0.92×	2.2×	2.54×	3.04×	6.03×	5.4×	3.41×
EV / EBITDA	3.01×	9.9×	15.69×	17.15×	76.8×	37.7×	26.58×	15.94×
Gross margin	50.2%	34.2%	29.6%	31.4%	19.2%	44.8%	58.8%	43.4%
Operating margin	34.7%	15.3%	21.3%	17.5%	4.6%	22.8%	38.7%	28.7%
Net margin	19.7%	2.5%	4.9%	-0.3%	-16.4%	-22.2%	-9.9%	3.1%
Current ratio	0.27×	2.62×	1.63×	1.84×	2.14×	1.95×	0×	4.13×
Debt / equity	0.45×	0.78×	0.69×	0.84×	1.33×	1.39×	1.24×	0.99×
Interest coverage	2.91×	1.48×	2.25×	1×	0.19×	0.43×	0.84×	1.18×
Dividend yield	1.0%	0.8%	0.0%	0.0%	0.0%	0.0%	0.3%	0.3%
Payout ratio	3.3%	31.3%	0.2%	-0.0%	-0.0%	-0.0%	-14.0%	28.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.9%	2.4%	4.9%	-0.3%	-13.0%	-7.8%	-3.6%	1.7%
Return on invested capital	17.7%	3.8%	8.2%	-3.0%	1.3%	2.5%	91.3%	4.3%
Return on assets	9.5%	1.1%	2.1%	-0.1%	-5.1%	-3.1%	-1.5%	0.8%
Free cash flow yield	-27.2%	-42.7%	8.3%	29.3%	18.0%	5.6%	-3.9%	4.1%
Earnings yield	29.2%	2.7%	2.2%	-0.1%	-5.4%	-3.7%	-1.8%	0.9%
Enterprise value	₹2.2B	₹3.2B	₹3.9B	₹4B	₹4.8B	₹5.2B	₹5.1B	₹4.7B
Net debt / EBITDA	1.15×	4.6×	3.61×	4.51×	26.98×	14.78×	10.11×	5.25×
Cash conversion cycle (days)	-33	816	723	934	998	3,396	4,283	1,600