Paradeep Phosphates Limited (PARADEEP.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

-4431.6%

-₹5,783.58

vs ₹133.52 price

Levered DCF

-₹5,254.50

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.97

Grey zone

Rating

B+

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	11.17×	16.33×	56.83×	12.92×	6.34×	16.02×	18.52×	22.51×
P/B	1.64×	2.21×	1.6×	1.12×	1.14×	1.96×	2.23×	2.41×
P/S	0.51×	1.25×	1.01×	0.82×	0.65×	0.96×	1.26×	1.19×
EV / EBITDA	7.81×	9.03×	14.85×	10.67×	7.62×	9.12×	12.83×	14.75×
Gross margin	22.7%	-45.1%	-62.8%	-126.2%	-65.1%	-6.6%	-6.6%	-6.5%
Operating margin	8.0%	14.9%	9.2%	16.7%	17.2%	12.6%	15.8%	14.2%
Net margin	4.6%	7.7%	1.8%	6.4%	10.3%	6.0%	6.8%	5.3%
Current ratio	1.15×	1.14×	1.1×	1.1×	1.02×	1.24×	1.12×	1.11×
Debt / equity	1.02×	1.07×	1.13×	1.33×	1.33×	0.68×	1.43×	2.11×
Interest coverage	3.31×	3.42×	1.42×	3.36×	15.7×	6.08×	2.75×	3.08×
Dividend yield	0.9%	0.5%	0.7%	0.0%	0.0%	0.0%	1.9%	1.9%
Payout ratio	10.0%	7.4%	40.8%	0.0%	0.0%	0.0%	35.9%	43.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.7%	13.5%	2.8%	8.7%	17.9%	12.2%	12.0%	10.7%
Return on invested capital	9.3%	9.1%	4.8%	6.9%	9.3%	9.0%	9.6%	5.8%
Return on assets	5.6%	5.0%	1.0%	2.9%	5.0%	5.0%	3.9%	2.8%
Free cash flow yield	-19.8%	11.3%	18.0%	-71.6%	-26.3%	37.3%	31.6%	-29.3%
Earnings yield	9.0%	6.1%	1.8%	7.7%	15.8%	6.2%	5.4%	4.4%
Enterprise value	₹176.4B	₹124.6B	₹96.2B	₹85.4B	₹49.4B	₹47.4B	₹58.7B	₹66.8B
Net debt / EBITDA	2.88×	2.5×	6.05×	5.75×	3.73×	2.23×	5.02×	6.85×
Cash conversion cycle (days)	113	138	226	321	119	147	309	382