Modi Naturals Limited (MODINATUR.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

-911.8%

-₹2,749.06

vs ₹338.65 price

Levered DCF

-₹2,602.81

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	7.52×	14.67×	-196.88×	277.38×	26.62×	8.78×	4.92×	114.11×
P/B	2.2×	3.74×	3×	3.61×	3.23×	1.36×	0.4×	1.93×
P/S	0.53×	0.69×	0.69×	0.71×	0.53×	0.21×	0.06×	0.34×
EV / EBITDA	7.22×	10.5×	46.39×	62.2×	18.26×	6.73×	7.08×	23.81×
Gross margin	18.1%	17.0%	23.6%	21.2%	21.2%	17.6%	18.7%	20.9%
Operating margin	9.1%	7.3%	1.5%	1.2%	2.9%	13.4%	1.7%	1.4%
Net margin	7.0%	4.7%	-0.3%	0.3%	2.0%	2.4%	1.2%	0.3%
Current ratio	1.66×	1.22×	1.24×	1.53×	1.59×	2.06×	1.7×	1.63×
Debt / equity	0.94×	1.22×	1.87×	1.74×	0.66×	0.3×	0.57×	0.6×
Interest coverage	8.41×	4.12×	0.73×	1.37×	7.51×	43.45×	2.38×	2.3×
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	29.2%	25.5%	-1.5%	1.3%	12.1%	15.5%	8.1%	1.7%
Return on invested capital	15.1%	14.3%	1.7%	1.2%	7.5%	47.6%	6.7%	1.6%
Return on assets	12.4%	9.4%	-0.5%	0.4%	5.7%	8.7%	3.9%	0.8%
Free cash flow yield	-5.0%	4.5%	-15.2%	-33.9%	-11.0%	8.3%	-1.4%	-8.3%
Earnings yield	13.3%	6.8%	-0.5%	0.4%	3.8%	11.4%	20.4%	0.9%
Enterprise value	₹5.3B	₹6B	₹4.4B	₹4.4B	₹3B	₹1.1B	₹543.1M	₹1.3B
Net debt / EBITDA	2.08×	2.55×	17.78×	20.05×	2.87×	1.2×	4.12×	5.6×
Cash conversion cycle (days)	59	63	100	92	96	82	85	107