KD Green Industries Limited (MANBRO.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

-97.5%

₹1.18

vs ₹47.27 price

Levered DCF

-₹80.86

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

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	167.84×	663.64×	133.89×	83.41×	-3,506.82×	-12,858.33×	-8,817.14×	-812.11×
P/B	10.51×	6.53×	207.69×	-183.33×	-572.32×	-690.51×	-723.6×	-795.61×
P/S	7.91×	117.52×	1.31×	39.86×	303,379.82×	0×	0×	0×
EV / EBITDA	63.62×	373.63×	113.83×	84.63×	2,506,346.27×	0×	0×	0×
Gross margin	18.5%	2.0%	3.0%	83.9%	-821.0%	0.0%	0.0%	0.0%
Operating margin	11.2%	-20.1%	2.1%	48.7%	-18506.2%	0.0%	0.0%	0.0%
Net margin	4.7%	31.1%	1.0%	47.1%	-8671.8%	0.0%	0.0%	0.0%
Current ratio	4×	8.58×	1.05×	0.83×	0.22×	0.2×	0.12×	0.52×
Debt / equity	0.46×	0.01×	0×	-0.18×	0×	0×	0×	0×
Interest coverage	23.67×	-393×	5,687.43×	6,748.96×	0×	0×	0×	0×
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	6.3%	1.7%	155.6%	-216.8%	16.4%	5.3%	8.2%	98.0%
Return on invested capital	4.7%	-0.9%	168.0%	-273.1%	34.9%	21.7%	33.4%	18.9%
Return on assets	2.7%	1.4%	8.0%	44.5%	-59.4%	-15.4%	-36.1%	-76.4%
Free cash flow yield	0.3%	0.2%	0.2%	-0.2%	-0.0%	0.0%	0.0%	-0.0%
Earnings yield	0.6%	0.3%	0.7%	1.2%	-0.0%	-0.0%	-0.0%	-0.1%
Enterprise value	₹5.2B	₹2.3B	₹314.8M	₹154.7M	₹1.5B	₹1.5B	₹1.5B	₹1.5B
Net debt / EBITDA	2.06×	0.27×	-0.19×	0.07×	-267.34×	0×	0×	0×
Cash conversion cycle (days)	301	16	2	0	36,761	0	0	0