Naperol Investments Ltd (NAPEROL.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

-323.3%

-₹1,100.43

vs ₹492.70 price

Levered DCF

₹409.54

After debt service

Piotroski score

2 / 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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	29.34×	-264.42×	-1,298.05×	1.9×	179.34×	59.53×	37.64×	11.39×
P/B	0.34×	1.7×	1.33×	1.28×	1.7×	1.18×	0.84×	1.49×
P/S	11.74×	2.07×	249.85×	889.14×	3,241.42×	5.86×	3.53×	4.36×
EV / EBITDA	29.27×	-121.99×	-779.55×	10.01×	100.88×	46.25×	29.11×	7.41×
Gross margin	51.4%	27.7%	100.0%	0.3%	-77461.5%	24.2%	17.9%	60.1%
Operating margin	41.6%	17.1%	-32.4%	-113.9%	-370.2%	14.2%	9.1%	54.5%
Net margin	40.0%	-0.8%	-19.1%	46912.2%	1807.4%	9.8%	9.4%	38.3%
Current ratio	6.14×	3.3×	32.46×	2.18×	1.15×	1.03×	0.87×	5.69×
Debt / equity	0.01×	0.05×	0.05×	0.04×	0.18×	0.12×	0.2×	0.07×
Interest coverage	0×	0×	0×	-0.15×	-0.12×	2.41×	1.28×	235.1×
Dividend yield	0.5%	1.2%	0.1%	0.4%	0.8%	0.6%	6.7%	2.6%
Payout ratio	16.1%	-319.8%	-157.2%	0.8%	142.2%	34.1%	250.8%	29.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.2%	-0.6%	-0.1%	67.3%	0.9%	2.0%	2.2%	13.1%
Return on invested capital	1.2%	12.0%	-0.1%	-0.2%	-0.1%	2.5%	1.0%	11.0%
Return on assets	1.2%	-0.5%	-0.1%	67.1%	0.7%	1.7%	1.7%	11.4%
Free cash flow yield	-2.8%	2.3%	0.2%	-0.5%	-1.3%	3.1%	-11.9%	4.9%
Earnings yield	3.4%	-0.4%	-0.1%	52.8%	0.6%	1.7%	2.7%	8.8%
Enterprise value	₹3.3B	₹6B	₹4.8B	₹7.3B	₹10B	₹13.8B	₹8.3B	₹18.2B
Net debt / EBITDA	1.07×	-0.64×	-8.38×	0.31×	9.28×	3.94×	5.54×	0.26×
Cash conversion cycle (days)	60	51	5,185	249	25,373	222	291	50