Pasupati Acrylon Limited (PASUPTAC.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

-215.0%

-₹83.12

vs ₹72.31 price

Levered DCF

-₹97.18

After debt service

Piotroski score

5 / 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	5.22×	12.71×	25.91×	6.09×	7.52×	7.65×	25.31×	12.04×
P/B	0.84×	1.23×	1.04×	0.69×	1.24×	1.41×	1.73×	1.86×
P/S	0.36×	0.72×	0.6×	0.26×	0.45×	0.65×	0.5×	0.4×
EV / EBITDA	3.44×	11.62×	14.16×	3.39×	3.83×	4.18×	7.63×	6.39×
Gross margin	25.1%	26.6%	20.5%	25.3%	21.3%	28.1%	19.9%	18.4%
Operating margin	9.8%	6.3%	1.9%	21.6%	7.3%	10.5%	4.1%	5.4%
Net margin	6.9%	5.7%	2.3%	4.3%	5.9%	8.5%	2.0%	3.3%
Current ratio	4.25×	3.05×	2.83×	2.82×	2.5×	2.18×	1.7×	1.52×
Debt / equity	0.25×	0.3×	0.13×	0×	0×	0×	0.06×	0.02×
Interest coverage	7.97×	15.54×	4.14×	49.45×	17.87×	14.04×	5.46×	5.47×
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	16.1%	9.7%	4.0%	11.4%	16.4%	18.4%	6.9%	15.5%
Return on invested capital	13.0%	5.9%	2.0%	41.0%	15.2%	16.0%	9.5%	15.0%
Return on assets	11.0%	5.9%	2.6%	7.8%	10.8%	11.6%	3.6%	7.5%
Free cash flow yield	8.6%	-21.5%	-6.4%	11.8%	-4.5%	0.8%	-2.0%	9.9%
Earnings yield	19.2%	7.9%	3.9%	16.4%	13.3%	13.1%	4.0%	8.3%
Enterprise value	₹4.1B	₹5.2B	₹3.5B	₹2B	₹2.7B	₹2.9B	₹2.6B	₹3.2B
Net debt / EBITDA	0.38×	1.59×	0.39×	-0.37×	-1.02×	-0.62×	-2.09×	-0.2×
Cash conversion cycle (days)	50	65	53	65	57	45	20	3