Panafic Industrials Limited (PANAFIC.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

-147.5%

-₹1.06

vs ₹2.24 price

Levered DCF

-₹1.54

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

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	-2.13×	242.5×	561.54×	62.31×	16.4×	9.23×	-1.12×	21.55×
P/B	0.66×	0.7×	1.21×	0.68×	1.98×	0.3×	0.19×	0.43×
P/S	6.54×	10.53×	17.66×	9.55×	27.21×	5.11×	2.47×	4.02×
EV / EBITDA	-4.83×	86.11×	69.68×	19.81×	10.97×	106.15×	-58.89×	17.69×
Gross margin	-226.7%	79.7%	89.7%	81.7%	84.7%	88.0%	-38.8%	55.6%
Operating margin	-310.9%	24.3%	24.1%	37.7%	238.1%	33.3%	-59.2%	35.3%
Net margin	-310.7%	4.3%	3.2%	15.3%	166.9%	55.3%	-217.6%	18.7%
Current ratio	0.04×	3.23×	380.24×	113.46×	115.55×	177.54×	870.34×	3.48×
Debt / equity	0.88×	0.71×	0×	0×	0×	2.19×	2.26×	0.42×
Interest coverage	0×	0×	0×	0×	0×	36.57×	-717.34×	25.14×
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	-31.2%	0.3%	0.2%	1.1%	12.2%	3.3%	-16.9%	2.0%
Return on invested capital	-15.9%	0.8%	1.2%	1.7%	14.4%	0.6%	-1.1%	2.1%
Return on assets	-15.9%	0.2%	0.2%	1.1%	12.0%	1.6%	-7.9%	1.4%
Free cash flow yield	0.0%	0.0%	-9.4%	1.8%	50.2%	24.4%	-376.0%	58.4%
Earnings yield	-47.5%	0.4%	0.2%	1.6%	6.1%	10.8%	-87.9%	4.6%
Enterprise value	₹114.3M	₹137.7M	₹118.7M	₹54.1M	₹195.7M	₹201.8M	₹198M	₹73.8M
Net debt / EBITDA	-2.73×	42.73×	-0.68×	-4.54×	-0.36×	92.75×	-54.25×	7.85×
Cash conversion cycle (days)	-94	-1,692	-133	4,341	4,109	-568	-8	-9