Mahalaxmi Seamless Limited (MAHALXSE.BO) 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

+651.0%

₹80.73

vs ₹10.75 price

Levered DCF

₹46.22

After debt service

Piotroski score

1 / 9

Weak

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	-55.43×	19.76×	-4.69×	10.55×	9.51×	4.61×	-42.35×	-47.53×
P/B	-7.51×	-10.69×	-8.06×	7.82×	38.61×	-4.53×	-4.69×	-5.93×
P/S	2.16×	2.69×	3.16×	2.23×	24.44×	21.8×	146.19×	2.28×
EV / EBITDA	16.67×	9.14×	-9.23×	6×	5.98×	5.28×	10.24×	13.01×
Gross margin	100.0%	36.1%	34.3%	100.0%	928.3%	42.2%	-3284.6%	-74.4%
Operating margin	4.9%	19.9%	16.4%	-55.2%	-387.4%	-1083.1%	-4885.7%	-96.5%
Net margin	-3.9%	13.7%	-67.4%	21.2%	257.9%	474.3%	-348.9%	-4.8%
Current ratio	0.42×	0.32×	0.32×	0.64×	0.7×	0.31×	0.27×	0.14×
Debt / equity	-1.95×	-4.22×	-2.12×	3.17×	13.85×	-12.02×	-6.75×	-7.99×
Interest coverage	0.44×	1.79×	3.07×	-8.88×	-4.34×	-1.99×	-2.99×	-5.99×
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	13.6%	-54.4%	171.9%	74.5%	407.4%	-98.6%	11.2%	12.6%
Return on invested capital	4.0%	21.4%	17.1%	-29.4%	-20.5%	-13.8%	-16.2%	-16.6%
Return on assets	-2.4%	8.6%	-39.5%	9.4%	12.5%	5.6%	-1.2%	-1.1%
Free cash flow yield	1.9%	-0.1%	-10.7%	33.1%	11.6%	36.8%	12.8%	13.5%
Earnings yield	-1.8%	5.1%	-21.3%	9.5%	10.6%	21.8%	-2.4%	-2.1%
Enterprise value	₹48.2M	₹69.5M	₹72.3M	₹55.4M	₹67.7M	₹66.6M	₹91.9M	₹100.1M
Net debt / EBITDA	2.58×	2.55×	-1.79×	1.59×	1.45×	3.81×	6×	7.47×
Cash conversion cycle (days)	35	-29	-79	-88	233	-2,282	2,293	-118