NHC Foods Limited (NHCFOODS.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

-4481.8%

-₹56.53

vs ₹1.29 price

Levered DCF

-₹29.64

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	3.55×	7.92×	5.45×	6.32×	4.01×	1.53×	0.99×	1.52×
P/B	0.24×	0.68×	0.47×	0.44×	0.24×	0.1×	0.07×	0.1×
P/S	0.07×	0.16×	0.06×	0.07×	0.04×	0.01×	0.01×	0.02×
EV / EBITDA	3.76×	5.34×	6.31×	5×	5.05×	6.26×	18.52×	9.03×
Gross margin	3.9%	8.3%	8.6%	14.9%	15.6%	8.4%	6.9%	6.6%
Operating margin	3.1%	3.9%	1.0%	2.8%	2.4%	0.5%	-0.2%	0.2%
Net margin	2.0%	2.0%	1.1%	1.1%	1.0%	0.9%	1.1%	1.1%
Current ratio	2.35×	1.66×	1.26×	1.61×	1.37×	1.22×	1.35×	1.23×
Debt / equity	0.29×	0.4×	1.32×	1.1×	1.06×	1.28×	1.01×	0.64×
Interest coverage	3.62×	2.29×	0.49×	1.28×	1.63×	0.44×	-0.15×	0.22×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.6%	8.6%	8.5%	6.9%	6.2%	6.2%	6.8%	6.7%
Return on invested capital	6.4%	9.2%	2.3%	5.3%	4.2%	1.1%	-0.4%	0.8%
Return on assets	3.8%	3.4%	2.4%	2.5%	2.3%	2.0%	2.3%	2.3%
Free cash flow yield	-44.2%	0.0%	-19.4%	-15.1%	49.1%	-272.5%	-446.8%	318.8%
Earnings yield	28.2%	12.6%	18.2%	15.6%	25.8%	63.6%	99.8%	66.1%
Enterprise value	₹825.9M	₹876.2M	₹489.8M	₹369.6M	₹298.4M	₹295.6M	₹213.4M	₹134.3M
Net debt / EBITDA	1.85×	1.91×	4.65×	3.48×	4.08×	5.8×	17.29×	7.7×
Cash conversion cycle (days)	119	164	78	95	68	66	65	49