Pashupati Cotspin Ltd. (PASHUPATI.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

-101.2%

-₹1.72

vs ₹148.45 price

Levered DCF

₹5.17

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	1,475.61×	75.18×	15.83×	40.84×	17.04×	22.99×	18.39×	6.2×
P/B	93.42×	6.27×	1.1×	1.4×	1.75×	1.24×	0.76×	0.85×
P/S	22.29×	1.53×	0.2×	0.42×	0.32×	0.28×	0.16×	0.11×
EV / EBITDA	435.18×	28.05×	7.17×	12.58×	8.83×	8.25×	7.51×	4.56×
Gross margin	7.5%	7.4%	7.7%	-8.8%	2.5%	16.1%	3.9%	14.7%
Operating margin	2.5%	2.7%	3.4%	2.4%	5.0%	13.1%	2.5%	12.7%
Net margin	1.5%	2.0%	1.3%	1.1%	1.9%	1.2%	0.9%	1.8%
Current ratio	2.08×	1.57×	1.22×	1.14×	1.94×	1.62×	1.2×	1.17×
Debt / equity	0.6×	0.73×	1.27×	1.56×	1.64×	1.52×	1.32×	1.98×
Interest coverage	1.49×	1.36×	1.35×	0.79×	2.46×	0×	0.8×	0×
Dividend yield	0.0%	0.1%	0.9%	0.7%	0.6%	0.6%	1.0%	0.0%
Payout ratio	7.6%	8.9%	13.8%	29.6%	10.3%	14.4%	17.8%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.3%	8.3%	7.0%	3.5%	10.3%	5.4%	4.1%	13.7%
Return on invested capital	4.2%	4.5%	5.8%	2.0%	7.0%	16.3%	4.8%	27.7%
Return on assets	3.4%	4.3%	2.7%	1.3%	3.6%	2.0%	1.4%	3.9%
Free cash flow yield	0.2%	1.3%	36.1%	-1.1%	9.2%	-13.9%	38.6%	64.7%
Earnings yield	0.1%	1.3%	6.4%	2.5%	5.9%	4.3%	5.4%	16.1%
Enterprise value	₹154.3B	₹10.8B	₹2.8B	₹3.3B	₹3.7B	₹2.7B	₹1.7B	₹1.9B
Net debt / EBITDA	2.71×	2.94×	3.84×	6.62×	4.26×	4.53×	4.75×	3.18×
Cash conversion cycle (days)	49	54	48	95	70	100	87	62