Pasupati Spinning & Weaving Mills Limited (PASUSPG.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

-145.6%

-₹15.66

vs ₹34.33 price

Levered DCF

-₹86.59

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.55

Distress zone

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	11.73×	35.14×	49.16×	13.35×	470.16×	-1.61×	148.3×	185.45×
P/B	0.77×	0.98×	0.95×	0.49×	0.85×	0.17×	0.23×	0.6×
P/S	0.26×	0.31×	0.27×	0.11×	0.24×	0.07×	0.07×	0.17×
EV / EBITDA	7.72×	10.84×	9.72×	11.22×	10.53×	11.79×	5.9×	6.37×
Gross margin	15.4%	48.3%	9.9%	42.7%	7.5%	1.8%	10.0%	9.9%
Operating margin	6.1%	4.5%	3.4%	1.8%	44.9%	-3.9%	3.4%	3.8%
Net margin	2.2%	0.9%	0.5%	0.8%	0.1%	-4.6%	0.0%	0.1%
Current ratio	1.07×	1.05×	1.06×	1.14×	1.22×	1.03×	1.02×	1×
Debt / equity	1.52×	1.71×	1.7×	1.72×	1.86×	1.69×	1.57×	1.54×
Interest coverage	1.4×	0.92×	0.75×	0.53×	12.91×	-0.51×	0.64×	0.71×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.6%	2.8%	1.9%	3.7%	0.2%	-10.8%	0.2%	0.3%
Return on invested capital	4.7%	4.9%	3.0%	2.8%	49.7%	-2.4%	1.0%	2.4%
Return on assets	2.1%	0.8%	0.6%	1.0%	0.0%	-2.9%	0.0%	0.1%
Free cash flow yield	10.7%	-14.9%	1.0%	27.9%	-37.6%	-7.2%	-67.2%	8.4%
Earnings yield	8.5%	2.8%	2.0%	7.5%	0.2%	-62.2%	0.7%	0.5%
Enterprise value	₹763M	₹848M	₹792M	₹647M	₹765.1M	₹513.4M	₹572.3M	₹640.6M
Net debt / EBITDA	5.09×	6.89×	6.17×	8.67×	7.19×	10.65×	5.14×	4.48×
Cash conversion cycle (days)	180	277	192	189	225	278	192	164