Palm Jewels Limited (PALMJEWELS.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

-463.8%

-₹105.85

vs ₹29.10 price

Levered DCF

₹45.48

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	14.7×	54.35×	54.32×	51.67×	59.62×	77.5×	258.33×	175.74×
P/B	0.89×	1.89×	1.23×	1.07×	1.1×	1.1×	1.18×	1.13×
P/S	0.08×	0.15×	0.11×	0.16×	0.14×	0.2×	0.34×	0.37×
EV / EBITDA	10.58×	30.68×	24.7×	26.59×	34.88×	41.73×	115×	93.62×
Gross margin	2.1%	2.4%	2.0%	3.3%	2.7%	2.2%	1.9%	2.2%
Operating margin	0.8%	0.5%	0.3%	2.3%	0.4%	0.6%	0.3%	0.4%
Net margin	0.5%	0.3%	0.2%	0.3%	0.2%	0.3%	0.1%	0.2%
Current ratio	5.14×	22.96×	15.22×	7.65×	3.93×	4.77×	8.4×	25.99×
Debt / equity	0.16×	0.24×	0.05×	0.12×	0.28×	0.21×	0.06×	0.04×
Interest coverage	13.5×	4.56×	3.26×	14.23×	4.02×	4.1×	0×	0×
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	6.0%	3.5%	2.3%	2.1%	1.8%	1.4%	0.5%	0.6%
Return on invested capital	5.5%	3.4%	2.3%	10.7%	1.9%	2.0%	0.7%	0.9%
Return on assets	4.9%	2.7%	1.9%	1.8%	1.4%	1.1%	0.4%	0.6%
Free cash flow yield	4.6%	-7.3%	15.1%	16.2%	-5.1%	-13.1%	-1.5%	-55.1%
Earnings yield	6.8%	1.9%	1.8%	1.9%	1.7%	1.3%	0.4%	0.6%
Enterprise value	₹170.3M	₹322.8M	₹190.4M	₹169.9M	₹193.7M	₹182.4M	₹169.7M	₹159.5M
Net debt / EBITDA	1.48×	2.8×	0.8×	2.16×	6.53×	6.44×	4.67×	2.56×
Cash conversion cycle (days)	34	33	36	56	56	76	106	121