Privi Speciality Chemicals Limited (PRIVISCL.NS) 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

-142.2%

-₹1,380.47

vs ₹3,267.80 price

Levered DCF

-₹970.88

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.92

Safe zone

Rating

B-

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	34.56×	37.34×	41.91×	192.95×	75.22×	28.53×	8.51×	14.99×
P/B	8.01×	6.33×	4.3×	4.95×	9.02×	4.62×	1.68×	2.45×
P/S	4.42×	3.34×	2.27×	2.56×	5.22×	2.63×	0.95×	1.07×
EV / EBITDA	18.44×	17.03×	14.13×	24.92×	35.51×	15.39×	6.12×	8.3×
Gross margin	31.8%	43.2%	39.7%	37.3%	37.9%	37.6%	47.7%	47.5%
Operating margin	19.6%	15.6%	11.7%	5.0%	8.6%	11.0%	12.6%	13.1%
Net margin	12.8%	8.9%	5.4%	1.4%	6.9%	9.2%	11.2%	7.1%
Current ratio	1.46×	1.24×	1.27×	1.09×	1.13×	1.54×	1.4×	1.27×
Debt / equity	0.72×	1.04×	1.09×	1.3×	1.15×	0.74×	0.78×	0.85×
Interest coverage	6.13×	3.55×	2.04×	1.15×	4.78×	6.02×	5.21×	5.98×
Dividend yield	0.2%	0.1%	0.0%	0.2%	0.1%	0.2%	0.9%	0.5%
Payout ratio	6.0%	4.2%	0.0%	35.2%	8.0%	5.0%	8.1%	7.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	23.2%	16.9%	10.3%	2.7%	12.0%	16.2%	19.7%	16.4%
Return on invested capital	14.4%	10.3%	7.6%	2.8%	5.0%	8.0%	9.4%	9.8%
Return on assets	10.3%	6.7%	4.1%	0.9%	4.5%	7.6%	9.1%	6.6%
Free cash flow yield	1.3%	-0.3%	5.1%	-2.2%	-4.1%	-2.1%	2.9%	-10.5%
Earnings yield	2.9%	2.7%	2.4%	0.5%	1.3%	3.5%	11.7%	6.7%
Enterprise value	₹122.7B	₹80.7B	₹49.6B	₹51.7B	₹82.2B	₹38.6B	₹17.3B	₹18.9B
Net debt / EBITDA	1.43×	2.3×	2.8×	5.11×	3.88×	2.08×	1.73×	2.09×
Cash conversion cycle (days)	137	187	211	255	231	181	191	170