Polson Limited (POLSON.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

-80.7%

₹2,023.69

vs ₹10,499.00 price

Levered DCF

₹3,538.61

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.23

Grey zone

Rating

C-

Overall 1 / 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	24.11×	28.03×	29.76×	24.76×	21.27×	12.9×	11.69×	13.39×
P/B	0.87×	1.16×	1.27×	1.03×	1.19×	1.05×	0.86×	1.47×
P/S	1.25×	1.57×	1.6×	1.43×	1.36×	1.24×	0.86×	1.22×
EV / EBITDA	8.88×	10.97×	11.21×	9.52×	10.48×	8.09×	6.91×	9.05×
Gross margin	32.8%	48.1%	30.0%	31.3%	47.3%	48.1%	43.2%	41.4%
Operating margin	9.5%	9.6%	12.6%	13.1%	39.5%	17.8%	12.0%	12.8%
Net margin	5.2%	5.6%	5.4%	5.8%	6.4%	9.6%	7.3%	9.1%
Current ratio	1.87×	1.34×	1.14×	1.16×	1.02×	1.35×	1.58×	1.64×
Debt / equity	0.27×	0.31×	0.31×	0.43×	0.54×	0.43×	0.68×	0.76×
Interest coverage	2.45×	2.44×	2.98×	1.97×	8.62×	2.76×	1.79×	2.02×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.6%	4.1%	4.3%	4.2%	5.6%	8.1%	7.4%	11.0%
Return on invested capital	3.5%	3.7%	5.1%	4.6%	15.4%	9.3%	4.6%	7.2%
Return on assets	2.5%	2.8%	2.9%	2.7%	3.2%	5.0%	3.9%	5.5%
Free cash flow yield	2.5%	-2.7%	9.9%	-0.7%	-9.5%	12.0%	24.4%	2.6%
Earnings yield	4.1%	3.6%	3.4%	4.0%	4.7%	7.8%	8.6%	7.5%
Enterprise value	₹1.5B	₹1.9B	₹1.9B	₹1.7B	₹1.9B	₹1.5B	₹1.5B	₹2B
Net debt / EBITDA	2.02×	2.28×	2.17×	2.76×	3.12×	2.33×	3.04×	3.09×
Cash conversion cycle (days)	114	105	111	196	169	29	80	129