Polymechplast Machines Limited (POLYCHMP.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

-67.7%

₹15.52

vs ₹48.00 price

Levered DCF

-₹35.99

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

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	8.06×	43.3×	35.67×	22.62×	11.53×	5.1×	6.94×	6.83×
P/B	0.92×	1.19×	1.02×	1.38×	1.63×	0.88×	0.86×	1.19×
P/S	0.37×	0.47×	0.44×	0.5×	0.47×	0.23×	0.27×	0.28×
EV / EBITDA	45.65×	12.74×	10.58×	11.29×	7.25×	3.69×	5.89×	5.43×
Gross margin	13.7%	13.9%	25.1%	25.7%	26.1%	27.3%	11.2%	29.7%
Operating margin	-0.3%	1.2%	1.8%	2.8%	5.8%	6.5%	6.0%	5.9%
Net margin	4.6%	1.1%	1.2%	2.2%	4.1%	4.6%	3.9%	4.0%
Current ratio	1.19×	1.43×	1.14×	1.28×	1.19×	0.99×	1.05×	1.15×
Debt / equity	0.17×	0.14×	0.04×	0.17×	0.21×	0.33×	0.46×	0.5×
Interest coverage	-0.6×	3.14×	2.3×	4.18×	11.14×	12.08×	5.83×	7.25×
Dividend yield	2.1%	1.6%	2.2%	1.6%	1.2%	2.7%	3.9%	3.1%
Payout ratio	17.3%	68.4%	77.5%	36.5%	13.9%	13.8%	26.8%	21.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.4%	2.7%	2.8%	6.1%	14.3%	17.1%	12.4%	17.5%
Return on invested capital	-0.5%	1.6%	2.8%	4.9%	12.0%	14.0%	9.5%	12.0%
Return on assets	6.1%	1.6%	1.7%	3.6%	7.6%	7.5%	5.6%	7.6%
Free cash flow yield	-21.1%	-1.6%	10.6%	1.9%	-2.3%	40.2%	2.2%	-5.3%
Earnings yield	12.4%	2.3%	2.8%	4.4%	8.8%	19.6%	14.4%	14.6%
Enterprise value	₹296.9M	₹312.7M	₹267.9M	₹389.1M	₹433.1M	₹163.8M	₹173.9M	₹195.8M
Net debt / EBITDA	5.95×	0.38×	0.4×	1.22×	0.68×	0.5×	1.86×	1.27×
Cash conversion cycle (days)	69	55	67	57	50	47	95	73