Patron Exim Limited (PATRON.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

-3925.1%

-₹69.23

vs ₹1.81 price

Levered DCF

-₹122.74

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

1.64

Distress zone

Rating

Overall 3 / 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
P/E	-3.4×	205.67×	26.86×	14.58×	4.56×	32.41×	103.18×
P/B	0.1×	0.37×	0.46×	0.52×	0.84×	0.88×	0.88×
P/S	0.15×	0.6×	2.72×	1.07×	0.9×	0.12×	0.09×
EV / EBITDA	-5.32×	133.71×	19.76×	10.17×	2.79×	16.92×	23.48×
Gross margin	-3.6%	15.6%	57.7%	29.0%	32.8%	2.0%	2.5%
Operating margin	-4.8%	-0.9%	-41.8%	23.5%	31.9%	1.5%	1.4%
Net margin	-4.5%	0.3%	10.1%	7.3%	19.7%	0.4%	0.1%
Current ratio	4.6×	8.77×	7.32×	2,982.19×	1.95×	1.73×	1.19×
Debt / equity	0.05×	0.01×	0.01×	0×	0×	0.88×	0.53×
Interest coverage	0×	0×	0×	0×	8.66×	2.34×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-2.9%	0.2%	1.7%	3.6%	18.5%	2.7%	0.8%
Return on invested capital	-2.9%	-0.4%	-5.2%	8.2%	20.9%	2.9%	5.0%
Return on assets	-2.2%	0.2%	1.5%	3.6%	9.0%	0.9%	0.1%
Free cash flow yield	-55.3%	-0.0%	-1.5%	-113.0%	16.9%	-38.2%	86.6%
Earnings yield	-29.4%	0.5%	3.7%	6.9%	21.9%	3.1%	1.0%
Enterprise value	₹57.6M	₹146M	₹178.8M	₹199.2M	₹44.9M	₹47.2M	₹36.3M
Net debt / EBITDA	-1.89×	-0.01×	-0.01×	-0.14×	-0.01×	8.45×	8.81×
Cash conversion cycle (days)	408	322	964	384	348	77	54