Latteys Industries Limited (LATTEYS.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

-206.0%

-₹19.28

vs ₹18.20 price

Levered DCF

-₹0.42

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	65.83×	62.71×	52.88×	115.22×	125.44×	290.56×	196.99×	144.86×
P/B	9.81×	5.51×	4.29×	9.05×	8.36×	10.26×	5.92×	8.6×
P/S	2×	1.39×	1.24×	2.88×	3.18×	5.49×	3.38×	4.3×
EV / EBITDA	39.03×	25.37×	19.85×	40.88×	42.88×	57.73×	39.8×	45.8×
Gross margin	17.1%	17.5%	26.1%	19.8%	25.1%	32.9%	33.3%	16.1%
Operating margin	5.2%	4.8%	16.9%	4.5%	4.7%	4.9%	6.2%	6.8%
Net margin	3.0%	2.3%	2.3%	2.5%	2.5%	1.9%	1.7%	2.9%
Current ratio	1.32×	1.52×	1.34×	1.43×	1.38×	1.56×	1.48×	1.46×
Debt / equity	0.91×	0.44×	0.93×	0.74×	0.79×	0.89×	0.98×	0.89×
Interest coverage	4.78×	2.41×	6.47×	1.85×	1.76×	1.01×	1.16×	1.69×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.9%	8.9%	8.1%	7.9%	6.7%	3.5%	3.0%	5.8%
Return on invested capital	9.0%	8.7%	22.0%	5.9%	5.0%	3.5%	3.8%	5.3%
Return on assets	4.3%	3.9%	3.1%	3.0%	2.5%	1.4%	1.1%	2.2%
Free cash flow yield	-5.6%	7.2%	-4.1%	0.6%	1.4%	1.6%	-0.5%	-4.6%
Earnings yield	1.5%	1.6%	1.9%	0.9%	0.8%	0.3%	0.5%	0.7%
Enterprise value	₹2.6B	₹1.2B	₹960.8M	₹1.6B	₹1.4B	₹1.6B	₹962.2M	₹1.3B
Net debt / EBITDA	3.32×	1.85×	3.52×	3.07×	3.63×	4.45×	5.55×	4.17×
Cash conversion cycle (days)	128	105	176	149	202	355	385	264