Nahar Industrial Enterprises Limited (NAHARINDUS.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

-55.2%

₹54.61

vs ₹121.87 price

Levered DCF

-₹181.16

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 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	7.08×	21.5×	53.78×	4.57×	4.18×	-20.05×	-2.8×	-7.91×
P/B	0.35×	0.4×	0.54×	0.38×	0.73×	0.24×	0.1×	0.24×
P/S	0.26×	0.26×	0.36×	0.2×	0.33×	0.13×	0.05×	0.09×
EV / EBITDA	6.34×	8.64×	13.79×	3.48×	4.29×	8.78×	7.6×	7.7×
Gross margin	14.5%	16.0%	19.5%	21.1%	26.5%	18.5%	19.9%	4.7%
Operating margin	0.7%	1.6%	0.7%	5.8%	10.9%	2.6%	1.5%	2.4%
Net margin	3.6%	1.2%	0.7%	4.5%	7.9%	-0.6%	-1.6%	-1.2%
Current ratio	1.85×	1.56×	1.58×	2.22×	1.42×	1.33×	1.28×	1.28×
Debt / equity	0.65×	0.63×	0.55×	0.29×	0.78×	0.94×	0.93×	1.14×
Interest coverage	0.24×	0.52×	0.4×	2.73×	3.81×	0.63×	0.37×	0.65×
Dividend yield	0.0%	0.1%	0.0%	0.0%	0.0%	0.1%	0.0%	0.1%
Payout ratio	0.0%	1.9%	2.5%	0.0%	0.1%	-2.5%	-0.0%	-0.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	1.9%	1.0%	8.2%	17.5%	-1.2%	-3.4%	-3.1%
Return on invested capital	0.4%	1.1%	0.5%	6.3%	9.6%	1.8%	1.2%	2.8%
Return on assets	2.7%	1.0%	0.6%	5.8%	8.6%	-0.6%	-1.5%	-1.2%
Free cash flow yield	-18.3%	-33.2%	-40.3%	116.0%	5.2%	25.2%	163.9%	68.7%
Earnings yield	14.1%	4.6%	1.9%	21.9%	23.9%	-5.0%	-35.7%	-12.6%
Enterprise value	₹10.2B	₹10.1B	₹10.5B	₹6.4B	₹13.6B	₹8.7B	₹7.6B	₹9.7B
Net debt / EBITDA	4.07×	5.24×	6.93×	1.51×	2.22×	7.01×	6.89×	6.34×
Cash conversion cycle (days)	174	177	190	132	170	187	179	146