Nalwa Sons Investments Limited (NSIL.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

+11.4%

₹5,541.75

vs ₹4,974.00 price

Levered DCF

₹5,200.94

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

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	42.86×	69.55×	31.97×	12.59×	13.76×	12.65×	15.37×	6.52×
P/B	0.15×	0.19×	0.14×	0.14×	0.11×	0.11×	0.09×	0.15×
P/S	23.8×	29.86×	21.98×	8.68×	12.06×	9.95×	5.11×	11×
EV / EBITDA	30.64×	49.9×	23.65×	9.1×	11.36×	12.64×	32.78×	5.92×
Gross margin	80.2%	84.3%	85.2%	94.5%	79.2%	79.4%	84.0%	81.1%
Operating margin	76.6%	57.2%	89.6%	94.2%	100.6%	78.5%	15.6%	102.9%
Net margin	55.5%	42.9%	68.8%	68.9%	87.7%	78.7%	33.3%	168.6%
Current ratio	5.04×	277.68×	6,512.12×	1,188.03×	155.97×	1,173.73×	19,900.91×	16,158.56×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	2,278.65×	478.66×	141.49×	0×	4,210.57×	979.21×	2,267.34×
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	0.4%	0.3%	0.4%	1.1%	0.8%	0.8%	0.6%	2.3%
Return on invested capital	0.3%	0.2%	0.4%	1.0%	0.7%	0.7%	0.3%	1.2%
Return on assets	0.3%	0.2%	0.4%	1.0%	0.7%	0.7%	0.6%	2.1%
Free cash flow yield	2.1%	1.9%	2.3%	6.3%	4.6%	9.1%	6.5%	-1.7%
Earnings yield	2.3%	1.4%	3.1%	7.9%	7.3%	7.9%	6.5%	15.3%
Enterprise value	₹23.3B	₹32.5B	₹17.9B	₹11.4B	₹9.1B	₹5.4B	₹3B	₹5.4B
Net debt / EBITDA	-0.03×	-0.04×	-0.11×	-0.04×	-0.02×	-0.02×	0.11×	0.02×
Cash conversion cycle (days)	1,301	-16	1,462	2,599	1,689	56	1,257	1,046