New Light Apparels Limited (NEWLIGHT.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

-554.3%

-₹6.68

vs ₹1.47 price

Levered DCF

-₹2.14

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	25.72×	38.87×	11.88×	-8.25×	-4×	284.21×	369.88×	27.86×
P/B	0.73×	3.15×	1.32×	2.02×	1.81×	1.53×	1.75×	2.17×
P/S	1.53×	2.63×	0.36×	0.71×	0.78×	0.3×	0.55×	0.37×
EV / EBITDA	16.7×	42.09×	16.81×	-23.57×	-6.41×	28.56×	29.38×	21.22×
Gross margin	18.8%	17.1%	11.2%	4.9%	-14.7%	5.4%	10.2%	12.0%
Operating margin	4.6%	6.0%	8.3%	-1.2%	-19.5%	3.4%	5.4%	2.5%
Net margin	5.9%	6.6%	3.0%	-8.5%	-19.6%	0.1%	0.1%	1.3%
Current ratio	24.4×	24.45×	1.42×	1.19×	1.35×	1.44×	1.48×	1.29×
Debt / equity	0×	0×	1.26×	2.1×	1.48×	1.03×	0.76×	0.76×
Interest coverage	65.8×	71.83×	26.93×	-0.64×	-5.4×	2.59×	2.84×	6.97×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	2.8%	7.9%	11.1%	-24.2%	-45.4%	0.5%	0.5%	7.6%
Return on invested capital	1.7%	7.1%	13.4%	-1.1%	-13.5%	6.4%	7.1%	6.3%
Return on assets	2.7%	7.6%	3.2%	-4.6%	-10.5%	0.2%	0.2%	1.8%
Free cash flow yield	4.4%	-15.6%	3.0%	7.1%	7.2%	-14.6%	0.7%	1.2%
Earnings yield	3.9%	2.5%	8.4%	-12.0%	-25.1%	0.4%	0.3%	3.5%
Enterprise value	₹100.7M	₹451.1M	₹72.3M	₹88M	₹86.9M	₹99.2M	₹96.8M	₹110.8M
Net debt / EBITDA	-1.25×	-0.26×	6.65×	-11.93×	-2.85×	11.5×	8.92×	5.28×
Cash conversion cycle (days)	606	245	148	268	346	136	-5	104