PBM Polytex Limited (PBMPOLY.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

-18.1%

₹46.67

vs ₹57.00 price

Levered DCF

-₹12.56

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	-21.39×	-9.78×	-8.82×	183.51×	4.17×	16.83×	-8×	20.13×
P/B	0.3×	0.38×	0.48×	0.5×	0.73×	0.35×	0.21×	0.56×
P/S	0.2×	0.25×	0.3×	0.31×	0.37×	0.24×	0.13×	0.31×
EV / EBITDA	-5.24×	-22.42×	-12.48×	8.52×	2.58×	3.62×	4.18×	5.58×
Gross margin	4.4%	4.2%	-3.3%	28.6%	36.9%	36.2%	36.1%	35.5%
Operating margin	-5.1%	-4.2%	-7.1%	18.4%	11.9%	1.9%	0.5%	4.7%
Net margin	-0.9%	-2.5%	-3.4%	0.2%	8.8%	1.4%	-1.6%	1.5%
Current ratio	5.12×	5.87×	3.95×	6.15×	3.87×	3.46×	4.4×	3.25×
Debt / equity	0.01×	0×	0.01×	0×	0.01×	0×	0.01×	0.13×
Interest coverage	-16.61×	-15.78×	-24.65×	64.56×	32.4×	4.92×	1.35×	10×
Dividend yield	0.2%	0.2%	0.1%	4.6%	1.2%	0.1%	2.5%	5.3%
Payout ratio	-3.5%	-1.7%	-1.3%	842.7%	4.8%	2.0%	-20.0%	106.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-1.4%	-3.9%	-5.5%	0.3%	17.5%	2.1%	-2.6%	2.8%
Return on invested capital	-5.6%	-4.7%	-8.2%	15.5%	16.8%	1.9%	0.5%	3.5%
Return on assets	-1.2%	-3.4%	-4.5%	0.2%	13.9%	1.6%	-2.1%	2.1%
Free cash flow yield	8.6%	-17.4%	-28.4%	29.6%	-3.0%	-7.2%	8.1%	30.2%
Earnings yield	-4.7%	-10.2%	-11.3%	0.5%	24.0%	5.9%	-12.5%	5.0%
Enterprise value	₹257.1M	₹409.9M	₹548.3M	₹396.3M	₹867.1M	₹292.3M	₹210.7M	₹743.2M
Net debt / EBITDA	1.62×	1.33×	0.47×	-4.78×	-0.14×	-0.9×	-0×	0.74×
Cash conversion cycle (days)	117	130	127	123	163	243	145	120