Polylink Polymers (India) Limited (POLYLINK.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

-372.5%

-₹57.89

vs ₹21.24 price

Levered DCF

-₹11.01

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	28.25×	31.38×	31.9×	67.03×	57.93×	21.87×	15.21×	31.3×
P/B	1.11×	2.24×	1.98×	1.65×	2.06×	1.06×	0.69×	1.55×
P/S	0.41×	0.73×	0.74×	0.86×	1.16×	0.71×	0.34×	0.74×
EV / EBITDA	12.19×	15.95×	16.31×	20.61×	22.29×	11.43×	9.16×	17.28×
Gross margin	13.7%	21.2%	9.9%	19.8%	22.6%	12.5%	11.0%	10.9%
Operating margin	1.6%	16.6%	2.5%	1.0%	1.5%	1.9%	1.9%	2.8%
Net margin	1.4%	2.3%	2.3%	1.3%	2.0%	3.2%	2.3%	2.4%
Current ratio	1.85×	2.61×	3.01×	4.41×	3.07×	3.16×	2.9×	2.06×
Debt / equity	0.18×	0.09×	0.07×	0.02×	0.07×	0.06×	0.03×	0.13×
Interest coverage	2.41×	41.53×	7.4×	5.02×	4.61×	7.13×	2.66×	3.6×
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	3.9%	7.1%	6.2%	2.5%	3.5%	4.9%	4.6%	5.0%
Return on invested capital	3.3%	32.3%	4.5%	1.2%	1.6%	2.2%	2.7%	3.5%
Return on assets	2.6%	5.4%	4.9%	2.1%	2.9%	4.1%	3.8%	3.8%
Free cash flow yield	-8.8%	-0.5%	-6.1%	8.5%	-0.7%	-4.3%	19.9%	-1.2%
Earnings yield	3.5%	3.2%	3.1%	1.5%	1.7%	4.6%	6.6%	3.2%
Enterprise value	₹403M	₹694.6M	₹569M	₹413M	₹543.7M	₹274.6M	₹165.3M	₹374.4M
Net debt / EBITDA	1.73×	0.59×	0.54×	-0.84×	0.76×	0.56×	0.21×	1.31×
Cash conversion cycle (days)	61	67	74	75	100	101	71	84