Radix Industries (India) Limited (RADIXIND.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

-159.0%

-₹85.59

vs ₹145.15 price

Levered DCF

₹354.68

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

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	100.28×	94.86×	102.68×	77.16×	80.55×	28.83×	81.27×	60.84×
P/B	13.76×	11.95×	12.1×	6.48×	6.64×	2.33×	5.74×	4.51×
P/S	6.35×	5.16×	6.98×	4.56×	4.88×	1.48×	9.61×	7.5×
EV / EBITDA	80.63×	62.26×	67.12×	51.55×	51.83×	23.56×	52.2×	40.85×
Gross margin	9.2%	13.3%	12.7%	11.7%	11.6%	11.6%	24.6%	20.5%
Operating margin	6.9%	12.3%	10.0%	9.1%	9.7%	8.0%	17.9%	14.5%
Net margin	6.3%	5.4%	6.8%	5.9%	6.1%	5.1%	11.9%	12.3%
Current ratio	206.8×	155.08×	29.47×	10.39×	3.83×	2.64×	3.63×	3.39×
Debt / equity	0.01×	0.01×	0.04×	0.14×	0.47×	0.58×	0.37×	0.41×
Interest coverage	42.72×	22.91×	8.15×	7.4×	5.99×	7.35×	6.43×	4.57×
Dividend yield	0.2%	0.3%	0.7%	1.3%	0.6%	1.8%	1.0%	1.3%
Payout ratio	23.5%	28.6%	67.2%	98.2%	49.8%	53.3%	83.9%	80.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.7%	12.6%	11.8%	8.4%	8.3%	8.1%	7.1%	7.4%
Return on invested capital	11.0%	21.1%	12.4%	8.5%	6.7%	5.9%	5.5%	4.5%
Return on assets	13.6%	12.4%	11.3%	7.4%	5.6%	5.1%	5.1%	5.2%
Free cash flow yield	2.3%	2.9%	1.5%	5.6%	3.7%	-7.2%	1.5%	-1.9%
Earnings yield	1.0%	1.1%	1.0%	1.3%	1.2%	3.5%	1.2%	1.6%
Enterprise value	₹3.1B	₹2.4B	₹2.3B	₹1.2B	₹1.3B	₹506.8M	₹1B	₹818.7M
Net debt / EBITDA	-3.2×	-1.46×	0.19×	1.01×	2.79×	4.65×	3.08×	3.04×
Cash conversion cycle (days)	64	100	209	287	398	404	1,084	1,009