Laurus Labs Limited (LAURUSLABS.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

-102.7%

-₹61.99

vs ₹2,296.60 price

Levered DCF

₹14.83

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

15.63

Safe zone

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	60.27×	90.2×	136.45×	20.01×	38.27×	19.72×	13.56×	45.02×
P/B	10.11×	7.23×	5.32×	3.92×	9.49×	7.5×	1.96×	2.71×
P/S	7.86×	5.82×	4.34×	2.62×	6.45×	4.05×	1.22×	1.84×
EV / EBITDA	30.54×	33.15×	31.19×	10.98×	23.49×	13.44×	7.96×	13.85×
Gross margin	40.2%	53.4%	49.6%	52.7%	54.4%	54.3%	48.9%	44.8%
Operating margin	19.0%	39.1%	35.8%	42.3%	43.6%	44.9%	35.8%	31.0%
Net margin	13.0%	6.5%	3.2%	13.1%	16.8%	20.4%	9.0%	4.1%
Current ratio	1.33×	1.22×	1.23×	1.42×	1.25×	1.25×	1.07×	1.03×
Debt / equity	0.48×	0.62×	0.63×	0.5×	0.53×	0.57×	0.61×	0.66×
Interest coverage	7.6×	10.22×	10.04×	17.92×	23.41×	32.53×	12.91×	9.27×
Dividend yield	0.2%	0.1%	0.4%	0.7%	0.3%	0.4%	1.1%	0.4%
Payout ratio	9.7%	12.0%	53.7%	13.6%	10.4%	7.6%	15.1%	17.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.8%	8.0%	3.9%	19.6%	24.7%	37.9%	14.4%	6.0%
Return on invested capital	11.3%	20.3%	18.2%	28.5%	30.5%	37.8%	29.9%	20.7%
Return on assets	8.5%	3.8%	1.9%	10.3%	11.9%	17.1%	6.8%	2.8%
Free cash flow yield	0.7%	-0.1%	-0.1%	0.0%	0.1%	0.2%	3.6%	1.0%
Earnings yield	1.7%	1.1%	0.7%	5.0%	2.6%	5.0%	7.4%	2.2%
Enterprise value	₹559.8B	₹349.8B	₹243.1B	₹177.8B	₹335.1B	₹209.1B	₹45.4B	₹52.5B
Net debt / EBITDA	1.31×	2.52×	3.13×	1.22×	1.19×	0.92×	1.89×	2.72×
Cash conversion cycle (days)	213	272	237	223	247	169	183	174