Nidhi Granites Limited (NIDHGRN.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

+244.5%

₹861.42

vs ₹250.05 price

Levered DCF

₹867.90

After debt service

Piotroski score

5 / 9

Average

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	23.16×	59.54×	109.29×	16.18×	25.54×	35.38×	-6.15×	-0×
P/B	7.89×	7.68×	5.79×	0.76×	1.63×	1.2×	0.82×	0.97×
P/S	2.72×	2.5×	1.93×	0.28×	0.49×	16.49×	12.55×	21.45×
EV / EBITDA	14.34×	36.51×	41.75×	5.38×	8.18×	26.55×	-4.88×	-28.62×
Gross margin	24.9%	12.5%	14.5%	10.8%	12.9%	99.7%	30.5%	54.3%
Operating margin	16.5%	5.5%	2.9%	3.1%	5.0%	10.9%	-2.2%	22.1%
Net margin	11.7%	4.2%	1.8%	1.7%	1.9%	46.2%	-203.7%	18.9%
Current ratio	7.54×	2.17×	2.32×	2.17×	2.09×	227.1×	2.29×	1.31×
Debt / equity	0.12×	0.21×	0.35×	0.35×	0.2×	0.03×	0×	0×
Interest coverage	34.65×	6.76×	2.78×	3.88×	7.43×	86.73×	-30.46×	296.01×
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	34.1%	12.9%	5.3%	4.7%	6.4%	3.4%	-13.2%	0.9%
Return on invested capital	23.6%	10.3%	4.6%	4.2%	8.3%	0.8%	-0.1%	-0.3%
Return on assets	23.5%	8.7%	3.1%	2.6%	3.7%	3.4%	-12.7%	0.9%
Free cash flow yield	0.4%	-1.3%	-3.4%	-40.2%	-4.0%	-5.1%	-0.1%	-6.2%
Earnings yield	4.3%	1.7%	0.9%	6.2%	3.9%	2.8%	-16.2%	0.9%
Enterprise value	₹1.8B	₹1.1B	₹767M	₹63.5M	₹72.8M	₹4.8M	₹16.1M	₹23.3M
Net debt / EBITDA	-0.09×	0.05×	0.91×	-0.6×	-0.56×	-114.38×	0.17×	0.72×
Cash conversion cycle (days)	14	69	85	50	78	-5,730	9	655