Lokesh Machines Limited (LOKESHMACH.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

-133.0%

-₹123.82

vs ₹375.30 price

Levered DCF

-₹381.85

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.58

Grey zone

Rating

D+

Overall 1 / 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	103.33×	585.71×	49.58×	20.33×	21.65×	14.19×	-5.8×	11.59×
P/B	1.75×	1.48×	3.5×	1.24×	0.92×	0.39×	0.2×	0.54×
P/S	1.91×	1.38×	2.34×	0.82×	0.68×	0.37×	0.22×	0.42×
EV / EBITDA	14.42×	14.66×	19.83×	8.29×	7.33×	5.64×	8.99×	4.9×
Gross margin	18.8%	13.7%	38.1%	31.1%	37.9%	40.4%	40.5%	38.9%
Operating margin	11.1%	6.7%	18.8%	8.2%	10.4%	11.3%	2.6%	11.8%
Net margin	1.9%	0.2%	4.7%	4.0%	3.1%	2.6%	-3.8%	3.6%
Current ratio	1.47×	1.36×	1.41×	1.31×	1.44×	1.41×	1.2×	1.15×
Debt / equity	0.74×	0.63×	0.6×	0.55×	0.58×	0.61×	0.57×	0.54×
Interest coverage	1.26×	1×	4.8×	1.84×	1.71×	1.36×	0.27×	1.72×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.1%	0.1%	0.1%	0.2%	-0.1%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.7%	0.3%	7.1%	6.1%	4.3%	2.8%	-3.4%	4.7%
Return on invested capital	4.1%	2.5%	11.2%	5.1%	5.7%	5.2%	0.8%	6.3%
Return on assets	0.8%	0.1%	3.5%	3.0%	2.2%	1.4%	-1.7%	2.3%
Free cash flow yield	-11.7%	-9.7%	-6.1%	4.1%	7.9%	11.4%	29.2%	27.6%
Earnings yield	1.0%	0.2%	2.0%	4.9%	4.6%	7.1%	-17.2%	8.6%
Enterprise value	₹5.6B	₹4.4B	₹8B	₹2.8B	₹2.2B	₹1.4B	₹1.1B	₹1.5B
Net debt / EBITDA	4.11×	4.16×	2.91×	2.56×	2.84×	3.42×	6.67×	2.42×
Cash conversion cycle (days)	369	251	245	267	312	461	437	259