Meghmani Organics Limited (MOL.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

-419.1%

-₹176.55

vs ₹55.33 price

Levered DCF

-₹116.54

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

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	32.51×	-157×	-19.83×	8.31×	8.71×	12.18×	15.15×	9.02×
P/B	0.6×	1.1×	1.38×	1.18×	1.81×	1.93×	2.3×	2.26×
P/S	0.43×	0.78×	1.36×	0.78×	1.07×	1.41×	1.05×	1.1×
EV / EBITDA	5.99×	13.24×	244.58×	6.76×	6.53×	8.09×	8.4×	5.13×
Gross margin	27.3%	40.5%	28.7%	36.8%	38.0%	40.4%	41.2%	48.5%
Operating margin	2.6%	35.1%	-7.6%	10.0%	12.1%	13.4%	14.7%	20.4%
Net margin	1.3%	-0.5%	-6.8%	9.4%	12.3%	11.6%	11.1%	12.2%
Current ratio	1.07×	1.12×	1.15×	1.42×	1.39×	1.62×	1.21×	1.51×
Debt / equity	0.47×	0.55×	0.55×	0.49×	0.34×	0.23×	0.27×	0.71×
Interest coverage	0.63×	10.8×	-2.86×	12.9×	30.09×	24.47×	9.47×	7.35×
Dividend yield	0.0%	0.0%	1.7%	1.8%	1.3%	0.0%	1.9%	1.3%
Payout ratio	0.0%	0.0%	-33.6%	15.0%	11.7%	0.0%	17.5%	11.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.9%	-0.7%	-6.9%	14.2%	20.8%	15.9%	24.3%	25.0%
Return on invested capital	1.1%	-34.4%	-4.2%	7.4%	10.9%	10.7%	11.9%	15.7%
Return on assets	1.0%	-0.3%	-3.5%	7.4%	10.9%	9.4%	8.8%	10.6%
Free cash flow yield	10.4%	-1.4%	-0.8%	-13.2%	-6.7%	5.5%	-3.8%	-0.1%
Earnings yield	3.1%	-0.6%	-5.0%	12.0%	11.5%	8.2%	10.6%	11.1%
Enterprise value	₹16.3B	₹24.7B	₹29.2B	₹27.7B	₹31.4B	₹25.2B	₹25.3B	₹28.5B
Net debt / EBITDA	2.57×	4.32×	68.62×	1.94×	1.02×	0.79×	0.87×	1.05×
Cash conversion cycle (days)	110	114	124	135	100	111	112	132