Polytex India Ltd (POLYTEX.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

-107.1%

-₹0.29

vs ₹4.10 price

Levered DCF

-₹0.18

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

D+

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	-50.91×	-67.89×	-46.92×	-68.65×	-9.64×	7.59×	16.71×	21×
P/B	3.17×	2.92×	2.93×	1.87×	2.54×	0.19×	0.06×	0.13×
P/S	0×	0×	0×	0×	40.84×	2.76×	1.28×	2.78×
EV / EBITDA	-52.58×	-68.87×	-49.12×	-34.99×	190.05×	5.14×	8.74×	15.25×
Gross margin	0.0%	0.0%	0.0%	0.0%	83.8%	95.2%	85.0%	84.2%
Operating margin	0.0%	0.0%	0.0%	0.0%	21.5%	48.6%	6.8%	18.0%
Net margin	0.0%	0.0%	0.0%	0.0%	-425.7%	36.1%	7.7%	13.2%
Current ratio	0.17×	0.57×	0.25×	0.75×	1.67×	399.06×	131.57×	120.94×
Debt / equity	0.12×	0.09×	0.12×	0.07×	0.1×	0×	0×	0×
Interest coverage	0×	0×	-99.63×	0×	0×	7,033.62×	11,405.23×	148.84×
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	-6.2%	-4.3%	-6.2%	-2.7%	-26.4%	2.5%	0.4%	0.6%
Return on invested capital	-5.0%	-3.5%	-5.7%	-2.6%	1.1%	2.4%	0.2%	0.6%
Return on assets	-5.0%	-3.6%	-5.5%	-2.5%	-23.8%	2.4%	0.3%	0.6%
Free cash flow yield	-0.9%	-1.0%	-1.2%	-2.7%	-183.1%	-15.0%	-74.8%	-37.1%
Earnings yield	-2.0%	-1.5%	-2.1%	-1.5%	-10.4%	13.1%	6.0%	4.8%
Enterprise value	₹76.3M	₹74M	₹78.3M	₹52.5M	₹71.6M	₹27.1M	₹5.9M	₹20.2M
Net debt / EBITDA	-1.67×	-1.63×	-1.61×	-0.7×	0.26×	-0.5×	-5.18×	-0.21×
Cash conversion cycle (days)	-11,028	-3,374	-308	-107	-144	-134	-224	-190