Polyspin Exports Limited (POLYSPIN.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

-482.7%

-₹112.67

vs ₹29.44 price

Levered DCF

₹470.67

After debt service

Piotroski score

3 / 9

Weak

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	4.6×	9.23×	-18.12×	8.77×	6.83×	5.66×	4.97×	8.05×
P/B	0.37×	0.6×	0.86×	0.79×	1.12×	1.04×	0.69×	1.79×
P/S	0.11×	0.17×	0.25×	0.23×	0.23×	0.21×	0.16×	0.3×
EV / EBITDA	8.48×	7.42×	42.97×	12.12×	5.87×	6.23×	5.67×	6.4×
Gross margin	20.2%	23.1%	5.8%	27.1%	26.4%	25.4%	28.1%	24.9%
Operating margin	3.0%	3.8%	-1.0%	2.1%	4.8%	25.6%	4.2%	7.8%
Net margin	2.5%	1.8%	-1.4%	2.6%	3.4%	3.8%	3.3%	3.7%
Current ratio	1.53×	1.27×	1.25×	1.21×	1.42×	1.12×	1.05×	1.01×
Debt / equity	1.02×	1.35×	1.28×	1.17×	1.39×	1.67×	1.59×	1.82×
Interest coverage	1.18×	1.19×	-0.47×	1.19×	2.45×	10.29×	1.32×	2.8×
Dividend yield	0.0%	0.1%	0.1%	1.2%	0.9%	0.5%	2.1%	0.9%
Payout ratio	0.0%	1.1%	-1.7%	10.5%	6.1%	2.6%	10.3%	7.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.0%	6.5%	-4.8%	9.0%	16.3%	18.4%	13.9%	22.2%
Return on invested capital	3.9%	3.5%	-0.8%	2.6%	6.5%	32.8%	4.7%	10.8%
Return on assets	3.4%	2.5%	-1.7%	3.3%	5.9%	5.8%	4.5%	6.2%
Free cash flow yield	95.0%	-39.6%	-10.4%	2.1%	17.2%	-23.5%	17.0%	8.0%
Earnings yield	21.7%	10.8%	-5.5%	11.4%	14.6%	17.7%	20.1%	12.4%
Enterprise value	₹961.7M	₹1.2B	₹1.2B	₹1.2B	₹1.3B	₹1.3B	₹877.9M	₹1.2B
Net debt / EBITDA	6.22×	5.14×	25.64×	7.23×	3.08×	3.79×	3.95×	3.16×
Cash conversion cycle (days)	110	139	91	121	39	78	100	65