Nakoda Group of Industries Limited (NGIL.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

-92.4%

₹3.35

vs ₹44.16 price

Levered DCF

-₹3.83

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.56

Safe zone

Rating

C+

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	25.68×	-17.3×	-29.66×	47.5×	140.18×	56×	2,919.15×	79.54×
P/B	1.33×	2.25×	3.25×	2.75×	15.95×	5.07×	5.29×	5.06×
P/S	0.89×	1.36×	1.34×	0.79×	4×	2.47×	2.93×	1.38×
EV / EBITDA	10.8×	-37.73×	203.02×	15.11×	53.79×	21.41×	28.67×	23.16×
Gross margin	10.0%	10.5%	9.3%	10.1%	8.8%	26.6%	26.3%	12.7%
Operating margin	7.9%	-8.8%	-1.5%	5.9%	5.8%	11.7%	8.1%	6.1%
Net margin	3.5%	-7.9%	-4.5%	1.7%	2.8%	4.4%	0.1%	1.7%
Current ratio	2.04×	2.2×	1.63×	1.64×	1.8×	1.87×	1.59×	1.53×
Debt / equity	0.45×	0.44×	0.94×	1.4×	1.53×	1.69×	1.57×	1.49×
Interest coverage	2.58×	-2.39×	-0.32×	1.52×	1.68×	1.61×	0.83×	1.5×
Dividend yield	0.0%	0.0%	0.3%	0.4%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-7.9%	18.3%	6.6%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.2%	-13.1%	-10.9%	5.8%	11.4%	9.1%	0.2%	6.3%
Return on invested capital	5.8%	-7.5%	-1.3%	6.3%	8.3%	8.6%	1.2%	8.0%
Return on assets	3.4%	-8.7%	-5.2%	2.2%	4.1%	3.3%	0.1%	2.3%
Free cash flow yield	-2.0%	-6.4%	-0.4%	7.9%	2.1%	-0.7%	1.2%	0.5%
Earnings yield	3.9%	-5.8%	-3.4%	2.1%	0.7%	1.8%	0.0%	1.2%
Enterprise value	₹515.1M	₹748.5M	₹809.4M	₹649.3M	₹2.6B	₹978.3M	₹949M	₹904.9M
Net debt / EBITDA	2.7×	-6.03×	45.09×	5.04×	4.59×	5.33×	6.47×	5.22×
Cash conversion cycle (days)	209	197	198	174	166	368	305	146