National Plywood Industries Limited (NATPLY.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

-6544.9%

-₹176.59

vs ₹2.74 price

Levered DCF

-₹50.31

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

536.81

Safe zone

Rating

—

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2018	FY2017	FY2016	FY2015	FY2014
P/E	13.69×	6.66×	12.64×	1.47×	0.09×
P/B	-1.34×	-0.07×	-0.07×	-0.07×	-0.07×
P/S	0.25×	0.07×	0.07×	0.05×	0.07×
EV / EBITDA	79.81×	-14.73×	-5.83×	25.03×	-1.33×
Gross margin	21.3%	17.4%	6.7%	13.1%	-12.6%
Operating margin	-0.3%	-3.4%	-10.5%	0.5%	-33.5%
Net margin	1.8%	1.0%	0.5%	3.7%	79.0%
Current ratio	0.76×	0.56×	0.61×	0.51×	0.43×
Debt / equity	-1.47×	-0.26×	-0.52×	-0.37×	-0.34×
Interest coverage	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2018	FY2017	FY2016	FY2015	FY2014
Return on equity	-9.8%	-1.1%	-0.6%	-4.8%	-72.3%
Return on invested capital	-1.1%	14.1%	98.0%	-1.5%	63.9%
Return on assets	1.7%	1.0%	0.5%	3.9%	73.0%
Free cash flow yield	-145.4%	-66.4%	-35.9%	-30.7%	170.8%
Earnings yield	7.3%	15.1%	8.0%	67.9%	1062.0%
Enterprise value	₹182.2K	₹123.2K	₹236.2K	₹172.8K	₹168.9K
Net debt / EBITDA	36.63×	-11.28×	-5.12×	20.85×	-1.1×
Cash conversion cycle (days)	37	-100	-47	-10	-32