Shree Rama Newsprint Limited (RAMANEWS.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

-157.3%

-₹15.40

vs ₹26.88 price

Levered DCF

-₹16.38

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

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	-6.41×	-4.63×	-4.91×	-1.39×	-3.6×	-3.19×	-3.8×	8.63×
P/B	-5.32×	-34.93×	2.58×	1.17×	0.97×	0.75×	0.42×	0.73×
P/S	13.43×	11.16×	5.05×	3.52×	7.89×	0.94×	0.51×	0.66×
EV / EBITDA	114.16×	73.01×	76.51×	86.31×	27.1×	-50.4×	45.83×	7.33×
Gross margin	31.7%	39.4%	20.5%	13.8%	12.7%	30.0%	31.8%	45.5%
Operating margin	-12.1%	6.4%	5.1%	0.9%	-4.5%	-16.4%	-4.8%	13.2%
Net margin	-209.5%	-240.8%	-102.8%	-253.1%	-218.8%	-29.3%	-13.4%	7.6%
Current ratio	0.64×	0.96×	1.61×	2.05×	0.25×	0.37×	0.42×	0.55×
Debt / equity	-4.55×	-25.59×	3.95×	2.57×	1.85×	1.36×	0.97×	0.74×
Interest coverage	-0.11×	0.08×	0.07×	0×	-0.04×	-1.36×	-0.51×	2.3×
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	82.9%	753.9%	-52.5%	-84.1%	-27.0%	-23.4%	-11.0%	8.5%
Return on invested capital	-1.3%	0.8%	0.5%	0.1%	-0.2%	-5.5%	-2.0%	8.5%
Return on assets	-14.8%	-20.6%	-8.1%	-18.9%	-8.7%	-8.8%	-5.0%	4.4%
Free cash flow yield	0.0%	0.0%	5.4%	18.2%	0.4%	-7.5%	-18.9%	1.5%
Earnings yield	-15.6%	-21.6%	-20.4%	-71.9%	-27.7%	-31.3%	-26.3%	11.6%
Enterprise value	₹8.1B	₹8.5B	₹6B	₹5.3B	₹7.3B	₹6.9B	₹5.6B	₹6.6B
Net debt / EBITDA	52.56×	30.86×	46.3×	59.29×	17.78×	-32.53×	32×	3.68×
Cash conversion cycle (days)	-23	46	22	34	286	63	43	49