Padmanabh Alloys and Polymers Limited (PADALPO.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

-601.1%

-₹110.23

vs ₹22.00 price

Levered DCF

₹8.90

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-37.33

Distress 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	66.67×	39.24×	24.02×	68.33×	641.62×	97.94×	37.84×	36.59×
P/B	1.07×	1.05×	1.33×	1.87×	2.25×	2.26×	2.31×	2.46×
P/S	0.21×	0.24×	0.27×	0.37×	0.62×	0.62×	0.64×	0.52×
EV / EBITDA	17.19×	19.13×	12.3×	21.34×	44.73×	45.68×	18.94×	18.88×
Gross margin	24.2%	23.3%	16.0%	17.0%	16.7%	14.8%	16.1%	13.4%
Operating margin	1.3%	1.4%	2.4%	2.7%	1.6%	1.8%	3.4%	2.4%
Net margin	0.3%	0.6%	1.1%	0.5%	0.1%	0.6%	1.7%	1.4%
Current ratio	1.54×	1.58×	1.84×	1.66×	1.67×	1.54×	1.75×	1.73×
Debt / equity	0.48×	0.56×	0.38×	0.45×	0.51×	0.48×	0.37×	0.3×
Interest coverage	1.48×	1.25×	2.73×	3.1×	1.66×	2.29×	3.76×	3.38×
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	1.6%	2.7%	5.5%	2.7%	0.4%	2.3%	6.1%	6.7%
Return on invested capital	3.2%	3.9%	6.3%	5.3%	1.5%	3.0%	6.0%	7.4%
Return on assets	0.6%	1.1%	2.8%	1.2%	0.2%	1.0%	3.0%	3.3%
Free cash flow yield	10.0%	-15.1%	6.4%	5.3%	0.1%	-2.1%	-1.8%	5.4%
Earnings yield	1.5%	2.5%	4.2%	1.5%	0.2%	1.0%	2.7%	2.7%
Enterprise value	₹141.8M	₹143.8M	₹148.4M	₹189.9M	₹220.7M	₹217.9M	₹207.7M	₹201.9M
Net debt / EBITDA	5.34×	6.63×	2.69×	4.06×	8.2×	7.9×	2.5×	2.02×
Cash conversion cycle (days)	79	107	90	95	140	119	114	80