Rajapalayam Mills Limited (RAJPALAYAM.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

-325.7%

-₹1,749.21

vs ₹775.15 price

Levered DCF

-₹4,828.08

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

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	5.72×	43.73×	20.31×	5.94×	4.58×	5.48×	3.98×	5.93×
P/B	0.27×	0.32×	0.39×	0.22×	0.36×	0.29×	0.2×	0.36×
P/S	0.69×	0.84×	1.05×	0.57×	1.13×	1.36×	1.04×	1.52×
EV / EBITDA	14.75×	20.43×	15.82×	10.96×	10.32×	27.73×	22.88×	16.12×
Gross margin	20.7%	13.4%	14.0%	13.9%	34.6%	28.2%	30.4%	30.3%
Operating margin	4.9%	-0.2%	2.8%	9.7%	11.3%	-1.8%	0.9%	5.0%
Net margin	12.1%	1.9%	5.2%	9.6%	24.5%	24.8%	26.1%	25.6%
Current ratio	0.78×	0.8×	0.82×	0.84×	0.8×	0.68×	0.74×	0.78×
Debt / equity	0.47×	0.48×	0.47×	0.5×	0.35×	0.33×	0.33×	0.27×
Interest coverage	0.5×	-0.02×	0.33×	1.6×	1.98×	-0.16×	0.14×	0.97×
Dividend yield	0.1%	0.1%	0.1%	0.2%	0.1%	0.1%	1.0%	0.6%
Payout ratio	0.4%	3.2%	2.1%	1.1%	0.3%	0.7%	3.9%	3.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.7%	0.7%	1.9%	3.7%	7.8%	5.4%	5.1%	6.1%
Return on invested capital	1.3%	-0.1%	0.7%	2.3%	2.1%	-0.3%	0.1%	0.9%
Return on assets	3.1%	0.5%	1.3%	2.4%	5.6%	3.9%	3.8%	4.7%
Free cash flow yield	-7.4%	2.1%	5.6%	-82.5%	-24.2%	-1.6%	-35.1%	-31.5%
Earnings yield	17.5%	2.3%	4.9%	16.8%	21.8%	18.3%	25.1%	16.9%
Enterprise value	₹17.9B	₹18.6B	₹19.9B	₹16B	₹15.1B	₹11.7B	₹9.5B	₹10.8B
Net debt / EBITDA	9.37×	12.17×	8.64×	7.62×	5.09×	14.64×	14.04×	6.84×
Cash conversion cycle (days)	224	204	227	260	265	245	270	227