M. K. Proteins Limited (MKPL.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

-288.8%

-₹7.18

vs ₹3.80 price

Levered DCF

-₹6.10

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

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	21.5×	28.64×	34.33×	83.9×	7.89×	3.15×	16.39×	19.16×
P/B	1.92×	3.46×	6.3×	18.32×	2.02×	1.13×	1.57×	1.84×
P/S	0.38×	0.9×	1.57×	2.9×	0.31×	0.11×	0.15×	0.2×
EV / EBITDA	15.72×	21.63×	23.68×	54.32×	7.39×	3.65×	11.79×	11.42×
Gross margin	3.8%	5.8%	7.9%	5.7%	7.3%	6.0%	3.7%	4.3%
Operating margin	2.9%	4.8%	6.7%	5.4%	5.8%	4.9%	1.9%	2.4%
Net margin	1.8%	3.1%	4.6%	3.5%	4.0%	3.3%	0.9%	1.0%
Current ratio	2.25×	2.01×	2.53×	1.99×	1.88×	1.92×	1.57×	1.48×
Debt / equity	0.49×	0.56×	0.33×	0.91×	0.93×	0.86×	1.61×	1.53×
Interest coverage	5.93×	11.68×	14.71×	8.92×	16.7×	18.31×	2.4×	2.47×
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%	12.1%	18.4%	21.9%	25.7%	35.4%	9.6%	9.6%
Return on invested capital	7.0%	8.7%	14.7%	12.9%	14.1%	20.1%	5.5%	6.3%
Return on assets	5.2%	6.4%	11.6%	10.6%	11.8%	15.4%	3.2%	3.5%
Free cash flow yield	1.3%	-7.6%	6.9%	-0.6%	-14.6%	15.9%	-15.1%	19.7%
Earnings yield	4.7%	3.5%	2.9%	1.2%	12.7%	31.3%	6.1%	5.2%
Enterprise value	₹1.8B	₹2.8B	₹4B	₹9.6B	₹1.2B	₹582.8M	₹602.3M	₹576.2M
Net debt / EBITDA	3.14×	3×	1.17×	2.58×	2.33×	1.57×	5.96×	5.18×
Cash conversion cycle (days)	106	135	115	112	113	61	89	91