Poddar Pigments Limited (PODDARMENT.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

+53.3%

₹383.76

vs ₹250.35 price

Levered DCF

₹645.06

After debt service

Piotroski score

6 / 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	14.59×	14.14×	12.65×	9.64×	14.81×	8.46×	5.75×	11.55×
P/B	0.61×	0.89×	1.05×	0.9×	0.99×	0.82×	0.65×	0.87×
P/S	0.57×	0.88×	1×	0.78×	1.08×	0.78×	0.35×	0.54×
EV / EBITDA	9.14×	7.77×	7.78×	5.83×	10.21×	5.74×	3.47×	6.57×
Gross margin	18.7%	31.2%	27.0%	31.1%	26.4%	27.1%	20.5%	19.0%
Operating margin	3.8%	6.5%	8.5%	8.6%	7.7%	9.8%	7.0%	5.6%
Net margin	3.9%	6.2%	7.9%	8.1%	7.3%	9.2%	6.1%	4.6%
Current ratio	3.95×	5.13×	6.32×	5.24×	5.38×	6.86×	4.99×	6.15×
Debt / equity	0.02×	0.03×	0×	0×	0×	0×	0×	0×
Interest coverage	12.51×	42.07×	125.49×	61.28×	141.46×	60.38×	48.33×	23.05×
Dividend yield	2.0%	1.3%	0.0%	2.4%	0.8%	0.0%	3.1%	1.9%
Payout ratio	28.8%	18.6%	0.0%	23.3%	12.5%	0.0%	18.1%	22.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.2%	6.3%	8.3%	9.3%	6.7%	9.7%	11.3%	7.6%
Return on invested capital	2.9%	4.6%	6.4%	7.2%	5.1%	7.8%	9.5%	6.2%
Return on assets	3.6%	5.5%	7.4%	8.2%	6.0%	8.9%	9.6%	6.7%
Free cash flow yield	-3.1%	-3.7%	-1.4%	4.4%	-11.3%	3.0%	9.9%	0.6%
Earnings yield	6.9%	7.1%	7.9%	10.4%	6.8%	11.8%	17.4%	8.7%
Enterprise value	₹2.2B	₹3B	₹3.6B	₹2.5B	₹3.1B	₹1.9B	₹1.1B	₹1.8B
Net debt / EBITDA	0.06×	-0.53×	-0.14×	-0.22×	-0.03×	-0.23×	-0.32×	-0.36×
Cash conversion cycle (days)	129	136	120	126	152	125	92	96