LT Foods Limited (LTFOODS.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

-61.5%

₹155.60

vs ₹404.60 price

Levered DCF

₹671.11

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.94

Safe zone

Rating

B+

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	20.17×	20.79×	11.7×	7.72×	8.55×	6.83×	3.46×	9.96×
P/B	2.79×	3.27×	2.06×	1.13×	1.25×	1.07×	0.43×	0.95×
P/S	1.15×	1.44×	0.89×	0.45×	0.46×	0.39×	0.15×	0.32×
EV / EBITDA	11.18×	12.99×	7.92×	5.92×	6.18×	5.67×	4.86×	7.37×
Gross margin	25.1%	34.4%	32.5%	34.2%	33.5%	33.2%	28.2%	24.5%
Operating margin	8.3%	25.8%	24.5%	26.9%	25.9%	25.9%	21.5%	19.0%
Net margin	5.7%	6.9%	7.6%	5.8%	5.4%	5.8%	4.5%	3.3%
Current ratio	1.76×	1.85×	2.08×	1.96×	1.78×	1.7×	1.52×	1.43×
Debt / equity	0.36×	0.33×	0.27×	0.44×	0.66×	0.89×	1.19×	1.33×
Interest coverage	6.98×	25.78×	23.1×	22.77×	20.53×	14.04×	6.72×	5.33×
Dividend yield	0.8%	0.8%	0.5%	0.5%	1.3%	1.7%	3.9%	0.5%
Payout ratio	16.6%	17.2%	5.9%	4.0%	10.9%	11.7%	13.6%	4.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.8%	15.7%	17.6%	14.6%	14.6%	15.6%	12.5%	9.5%
Return on invested capital	10.2%	31.8%	31.8%	34.8%	29.5%	25.6%	18.9%	14.8%
Return on assets	6.9%	8.2%	9.8%	7.6%	6.7%	6.7%	4.8%	3.5%
Free cash flow yield	3.4%	1.2%	8.0%	3.4%	14.4%	17.7%	60.9%	-1.4%
Earnings yield	5.0%	4.8%	8.5%	13.0%	11.7%	14.6%	28.9%	10.0%
Enterprise value	₹138.9B	₹137B	₹78.1B	₹43B	₹37.9B	₹34.2B	₹23.8B	₹30B
Net debt / EBITDA	1.02×	1.06×	0.88×	1.64×	2.1×	2.57×	3.56×	4.27×
Cash conversion cycle (days)	161	196	188	193	208	236	238	250