Nahar Poly Films Limited (NAHARPOLY.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

-24.0%

₹178.42

vs ₹234.63 price

Levered DCF

₹31.88

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.88

Grey zone

Rating

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	6.34×	10.37×	80.78×	13.01×	14.13×	4.34×	1.72×	7.82×
P/B	0.58×	0.61×	0.57×	0.72×	1.51×	0.52×	0.16×	0.21×
P/S	0.71×	0.74×	0.76×	0.78×	2.83×	0.9×	0.23×	0.36×
EV / EBITDA	4.98×	6.09×	18.26×	8.38×	12.56×	4.68×	1.59×	6.3×
Gross margin	19.7%	16.5%	8.1%	22.3%	38.0%	37.3%	31.0%	20.9%
Operating margin	10.6%	6.6%	-1.9%	7.4%	23.2%	33.0%	14.5%	4.3%
Net margin	11.2%	7.1%	0.9%	6.0%	20.1%	20.7%	13.5%	4.6%
Current ratio	2.04×	3.19×	2.3×	2.17×	2.45×	0.99×	5.52×	4.3×
Debt / equity	0.04×	0.12×	0.16×	0.21×	0.19×	0.11×	0.01×	0×
Interest coverage	9.52×	4.27×	-0.93×	4.31×	38.35×	294.91×	140.62×	12.34×
Dividend yield	0.5%	0.5%	0.8%	1.1%	0.3%	0.9%	2.3%	1.3%
Payout ratio	3.1%	5.2%	64.9%	14.2%	3.8%	3.9%	4.0%	10.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.1%	5.9%	0.7%	5.5%	10.7%	11.9%	9.5%	2.7%
Return on invested capital	5.9%	3.5%	-0.9%	4.5%	7.8%	13.4%	7.5%	1.7%
Return on assets	7.9%	5.0%	0.6%	4.4%	8.5%	9.6%	9.2%	2.6%
Free cash flow yield	3.9%	12.0%	5.8%	18.2%	-9.0%	-21.3%	-36.5%	17.7%
Earnings yield	15.8%	9.6%	1.2%	7.7%	7.1%	23.0%	58.3%	12.8%
Enterprise value	₹5.3B	₹5.7B	₹5.8B	₹7.3B	₹15.5B	₹3.3B	₹671.6M	₹945.3M
Net debt / EBITDA	0.31×	0.87×	3.93×	1.89×	1.4×	0.82×	0.08×	-0.07×
Cash conversion cycle (days)	49	42	37	47	93	46	47	48