Laxmi Cotspin Limited (LAXMICOT.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

-410.1%

-₹37.86

vs ₹12.21 price

Levered DCF

₹34.60

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

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	-16.5×	-8.88×	-176.56×	-5.2×	5.91×	16.43×	-13.82×	5.93×
P/B	0.33×	0.68×	0.75×	0.64×	0.6×	0.37×	0.26×	0.46×
P/S	0.13×	0.28×	0.33×	0.21×	0.15×	0.15×	0.08×	0.12×
EV / EBITDA	14.95×	31.04×	16.36×	-46.65×	5.51×	6.64×	13.98×	4.64×
Gross margin	10.6%	10.7%	17.7%	-0.7%	7.6%	21.4%	17.3%	19.9%
Operating margin	1.3%	-2.0%	-1.2%	9.2%	4.2%	18.2%	0.3%	4.2%
Net margin	-0.8%	0.3%	-0.2%	-4.1%	2.5%	0.9%	-0.6%	2.1%
Current ratio	1.4×	1.41×	1.57×	1.68×	1.79×	2.15×	1.46×	1.47×
Debt / equity	0.7×	0.74×	0.8×	0.89×	0.83×	0.66×	1.02×	0.98×
Interest coverage	0.51×	-0.67×	-0.53×	6.51×	3.5×	7.02×	0.14×	2.29×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.7%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	28.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-2.0%	0.7%	-0.4%	-12.3%	10.2%	2.3%	-1.8%	7.8%
Return on invested capital	1.9%	-2.8%	-1.2%	12.5%	6.1%	26.3%	0.4%	6.5%
Return on assets	-1.1%	0.4%	-0.2%	-6.0%	5.1%	1.2%	-0.8%	3.4%
Free cash flow yield	-4.9%	-17.6%	-19.3%	10.9%	-27.7%	93.4%	-11.5%	60.2%
Earnings yield	-6.1%	1.1%	-0.6%	-19.2%	16.9%	6.1%	-7.2%	16.8%
Enterprise value	₹621.6M	₹887.8M	₹966.4M	₹724.5M	₹767.2M	₹478.9M	₹583.2M	₹664.9M
Net debt / EBITDA	10.19×	16.1×	8.32×	-27×	3.19×	4.18×	11.08×	3.12×
Cash conversion cycle (days)	104	111	186	131	104	170	152	125