Meera Industries Limited (MEERA.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

-192.4%

-₹23.78

vs ₹25.75 price

Levered DCF

-₹7.24

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	89.37×	16.82×	33.8×	-27.7×	39.24×	35×	89.2×	17.56×
P/B	2.94×	2.15×	1.89×	1.53×	4.01×	3.02×	2.03×	6.19×
P/S	2.32×	1.56×	1.65×	1.86×	3.38×	3.39×	2.32×	2.44×
EV / EBITDA	32.45×	11.33×	17.98×	-213.42×	21.43×	20.45×	146.27×	11.74×
Gross margin	18.5%	41.4%	17.9%	38.9%	27.6%	42.8%	37.1%	36.3%
Operating margin	2.9%	30.1%	5.8%	-7.5%	12.8%	10.5%	-0.2%	16.6%
Net margin	2.6%	9.3%	4.8%	-6.7%	8.6%	9.7%	2.6%	13.9%
Current ratio	1.49×	1.89×	2.49×	1.68×	2.08×	2.49×	3.27×	2.11×
Debt / equity	0.2×	0.28×	0.16×	0.04×	0.05×	0×	0.01×	0×
Interest coverage	1.3×	54.42×	16.34×	-14.77×	34.41×	75.37×	-1.27×	71.53×
Dividend yield	0.3%	1.2%	0.0%	0.0%	1.2%	0.7%	4.6%	0.5%
Payout ratio	26.3%	21.0%	0.7%	0.0%	48.0%	24.9%	411.6%	9.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.3%	12.8%	5.6%	-5.5%	10.2%	8.7%	2.3%	35.3%
Return on invested capital	2.6%	25.4%	5.0%	-5.8%	10.0%	6.9%	-0.1%	30.9%
Return on assets	2.2%	8.6%	3.9%	-3.8%	7.4%	6.5%	1.8%	22.7%
Free cash flow yield	5.7%	-4.8%	-4.2%	-0.2%	-0.9%	4.1%	-24.2%	0.3%
Earnings yield	1.1%	5.9%	2.9%	-3.6%	2.5%	2.9%	1.1%	5.7%
Enterprise value	₹929.3M	₹692.8M	₹530.8M	₹383.5M	₹1.1B	₹725.3M	₹464.8M	₹832.1M
Net debt / EBITDA	1.74×	1.07×	1.13×	-2.7×	0.07×	-0.63×	-1.3×	-0.44×
Cash conversion cycle (days)	79	126	126	278	117	195	162	67