National Plastic Technologies Ltd. (NATPLASTI.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

-45.9%

₹118.92

vs ₹220.00 price

Levered DCF

-₹8.21

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	13.75×	16.12×	31.5×	9.49×	14.52×	17.2×	8.56×	12.05×
P/B	2.1×	2.83×	6.15×	1.65×	1.79×	0.85×	0.81×	0.95×
P/S	0.37×	0.47×	0.99×	0.28×	0.4×	0.24×	0.23×	0.27×
EV / EBITDA	7.18×	8.62×	14.8×	7.12×	8.88×	9.96×	6.5×	9.32×
Gross margin	19.5%	17.3%	9.4%	17.2%	19.5%	18.6%	22.2%	18.5%
Operating margin	5.4%	5.9%	6.4%	6.4%	6.8%	5.3%	7.0%	5.4%
Net margin	2.7%	2.9%	3.1%	2.9%	2.7%	1.4%	2.6%	2.3%
Current ratio	1.14×	1.04×	0.99×	1.05×	1.11×	1.09×	1.05×	1.03×
Debt / equity	1.03×	1.45×	1.73×	1.93×	2.19×	2.19×	1.45×	1.62×
Interest coverage	3.93×	3.1×	3.21×	2.67×	2.06×	1.27×	1.68×	1.31×
Dividend yield	0.7%	0.4%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	9.9%	6.7%	7.2%	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	15.3%	17.6%	19.5%	17.4%	12.4%	4.9%	9.5%	7.9%
Return on invested capital	9.4%	9.8%	9.8%	8.7%	6.7%	4.1%	7.4%	6.6%
Return on assets	5.3%	5.4%	5.2%	4.5%	3.1%	1.2%	3.1%	2.5%
Free cash flow yield	3.8%	-0.3%	-0.6%	18.8%	-7.3%	-49.0%	17.9%	-45.5%
Earnings yield	7.3%	6.2%	3.2%	10.5%	6.9%	5.8%	11.7%	8.3%
Enterprise value	₹1.9B	₹2.2B	₹3.4B	₹1.3B	₹1.2B	₹780.7M	₹551.6M	₹567.1M
Net debt / EBITDA	2.35×	2.91×	3.24×	3.84×	4.85×	7.17×	4.16×	5.83×
Cash conversion cycle (days)	50	68	65	79	138	146	100	111