Megastar Foods Limited (MEGASTAR.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

-1712.7%

-₹4,681.76

vs ₹290.30 price

Levered DCF

-₹2,508.35

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	30.93×	58.56×	45×	21.33×	23.12×	27.42×	33.28×	44.51×
P/B	2.79×	2.37×	3.09×	4.67×	3.51×	3.74×	5.09×	5.78×
P/S	0.54×	0.61×	1.03×	0.71×	0.68×	0.69×	0.69×	0.76×
EV / EBITDA	11.45×	15.75×	22.77×	12.31×	13.2×	17.06×	14.75×	18.55×
Gross margin	9.0%	13.5%	11.4%	9.0%	12.7%	11.9%	10.2%	11.7%
Operating margin	4.9%	10.7%	3.9%	6.5%	5.3%	4.7%	4.8%	4.6%
Net margin	1.7%	1.0%	2.3%	3.3%	3.0%	2.5%	2.1%	1.7%
Current ratio	1.15×	1.14×	2.22×	1.5×	1.31×	1.28×	1.55×	1.49×
Debt / equity	1.28×	1.41×	0.62×	1.25×	0.96×	1.67×	0.98×	1.57×
Interest coverage	1.83×	3.31×	2.38×	3.25×	3.35×	3.06×	2.43×	2.12×
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	9.0%	4.0%	6.9%	21.9%	15.2%	13.6%	15.3%	13.0%
Return on invested capital	8.1%	12.1%	5.4%	13.7%	10.3%	6.5%	12.0%	9.6%
Return on assets	3.5%	1.6%	4.1%	9.1%	7.3%	4.6%	7.2%	4.8%
Free cash flow yield	1.9%	-27.1%	-12.4%	-7.7%	14.4%	-23.8%	9.8%	-4.4%
Earnings yield	3.2%	1.7%	2.2%	4.7%	4.3%	3.6%	3.0%	2.2%
Enterprise value	₹4.1B	₹3.5B	₹3.4B	₹2.7B	₹1.6B	₹1.6B	₹1.3B	₹1.4B
Net debt / EBITDA	3.42×	5.78×	3.69×	2.46×	2.74×	5.26×	2.31×	3.95×
Cash conversion cycle (days)	68	82	58	58	85	153	57	92