Majestic Auto Limited (MAJESAUT.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

-54.6%

₹168.81

vs ₹372.00 price

Levered DCF

₹202.76

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

Safe zone

Rating

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	3.13×	47.48×	9.66×	37.32×	15.04×	5.62×	-3.83×	3.43×
P/B	0.43×	0.53×	0.5×	0.34×	0.33×	0.27×	0.2×	0.38×
P/S	8.09×	5.03×	3.71×	2.85×	2.78×	1.97×	0.89×	1.28×
EV / EBITDA	1.49×	10.18×	1.56×	8.35×	7.31×	5.43×	4.92×	4.32×
Gross margin	26.8%	55.1%	65.9%	81.1%	57.8%	88.9%	82.7%	76.1%
Operating margin	-9.6%	29.1%	54.3%	33.4%	88.5%	54.8%	49.2%	58.3%
Net margin	259.0%	10.6%	38.4%	7.6%	18.5%	35.1%	-23.3%	37.4%
Current ratio	33.29×	3.39×	8.44×	1.1×	1.27×	1.08×	0.55×	0.73×
Debt / equity	0.02×	0.23×	0.25×	0.38×	0.43×	0.43×	0.67×	0.57×
Interest coverage	-0.44×	1.29×	3.16×	1.21×	3.02×	1.84×	1.69×	3.15×
Dividend yield	14.5%	1.6%	5.0%	5.5%	5.7%	0.0%	0.0%	0.0%
Payout ratio	45.4%	76.4%	48.7%	206.1%	86.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.7%	1.1%	5.2%	0.9%	2.2%	4.7%	-5.3%	11.2%
Return on invested capital	-0.4%	1.2%	2.8%	0.9%	3.6%	3.8%	-5.4%	10.7%
Return on assets	13.2%	0.7%	3.7%	0.6%	1.4%	3.0%	-2.9%	6.8%
Free cash flow yield	-11.2%	-12.4%	24.1%	22.9%	12.1%	36.4%	64.9%	65.5%
Earnings yield	32.0%	2.1%	10.4%	2.7%	6.6%	17.8%	-26.1%	29.2%
Enterprise value	₹2.1B	₹4.2B	₹1.4B	₹3B	₹3.1B	₹2.9B	₹2.6B	₹3.7B
Net debt / EBITDA	-0.55×	2.26×	-1.94×	4.44×	4.14×	3.32×	3.77×	2.57×
Cash conversion cycle (days)	-9	14	16	205	50	112	58	660