Pudumjee Paper Products Limited (PDMJEPAPER.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

+162.2%

₹229.92

vs ₹87.68 price

Levered DCF

₹489.13

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B+

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	6.61×	9.89×	6.15×	5.9×	10.67×	7.59×	3.85×	10.6×
P/B	0.92×	1.62×	1.23×	0.88×	1.08×	0.73×	0.37×	0.69×
P/S	0.77×	1.17×	0.77×	0.46×	0.66×	0.52×	0.17×	0.3×
EV / EBITDA	4.39×	6.37×	4.14×	4.24×	6.37×	5.4×	2.94×	6.64×
Gross margin	23.0%	31.1%	30.4%	23.7%	29.0%	33.1%	24.2%	37.6%
Operating margin	13.4%	14.2%	15.7%	10.0%	10.5%	13.3%	8.1%	12.2%
Net margin	11.6%	11.8%	12.5%	7.8%	6.2%	6.9%	4.5%	2.8%
Current ratio	3.47×	4.66×	2.87×	2.83×	2.21×	1.89×	1.73×	1.73×
Debt / equity	0.06×	0.02×	0.04×	0.14×	0.22×	0.19×	0.27×	0.32×
Interest coverage	32.26×	35.76×	24.08×	19.85×	11.82×	9.08×	6.33×	9.07×
Dividend yield	0.9%	0.6%	0.8%	1.4%	0.8%	0.0%	3.8%	1.0%
Payout ratio	6.1%	5.9%	4.8%	8.0%	8.2%	0.0%	14.7%	10.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.0%	16.4%	19.9%	15.0%	10.1%	9.7%	9.7%	6.5%
Return on invested capital	10.1%	12.7%	15.6%	10.7%	8.9%	11.5%	7.9%	12.7%
Return on assets	10.2%	12.5%	13.7%	9.5%	5.8%	5.5%	5.3%	3.5%
Free cash flow yield	2.4%	6.0%	20.8%	2.7%	-14.5%	36.2%	42.6%	-4.1%
Earnings yield	15.1%	10.1%	16.3%	16.9%	9.4%	13.2%	25.9%	9.5%
Enterprise value	₹6.4B	₹9.2B	₹6.2B	₹4B	₹4.4B	₹2.8B	₹1.8B	₹2.6B
Net debt / EBITDA	0.12×	-0.16×	0.1×	0.48×	1.02×	0.98×	1.19×	2.06×
Cash conversion cycle (days)	125	102	80	102	89	54	52	53