Rajeshwari Cans Limited (RCAN.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

+363.5%

₹63.50

vs ₹13.70 price

Levered DCF

₹132.73

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.83

Grey zone

Rating

A-

Overall 4 / 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	8.01×	145.05×	51.35×	89.01×	27.11×	24.39×	27.78×	33.33×
P/B	1.26×	23.2×	6.76×	10.82×	1.33×	1.39×	2.37×	2.59×
P/S	0.42×	6.92×	1.96×	2.89×	0.41×	0.27×	0.24×	0.25×
EV / EBITDA	4.5×	58.93×	25.13×	37.15×	9.38×	6.83×	6.8×	6.93×
Gross margin	13.6%	38.3%	33.2%	25.6%	7.4%	30.2%	28.0%	26.3%
Operating margin	8.6%	8.0%	6.4%	6.5%	3.7%	21.5%	4.2%	4.6%
Net margin	5.3%	4.8%	3.8%	3.3%	1.5%	1.1%	0.8%	0.7%
Current ratio	1.38×	1.2×	1.5×	1.59×	1.67×	1.27×	1.34×	1.02×
Debt / equity	0.53×	0.8×	0.38×	0.59×	0.88×	1.71×	2.81×	3.22×
Interest coverage	5.15×	5.35×	6.44×	3.44×	1.86×	7.27×	1.43×	1.39×
Dividend yield	0.0%	0.0%	0.0%	0.1%	1.3%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	12.3%	34.5%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.7%	16.0%	13.2%	12.2%	5.0%	5.7%	7.5%	7.8%
Return on invested capital	12.0%	10.1%	11.4%	10.8%	4.7%	29.4%	7.4%	7.6%
Return on assets	8.2%	6.5%	6.2%	5.5%	2.0%	1.4%	1.3%	1.2%
Free cash flow yield	11.4%	-1.0%	1.1%	-0.4%	-20.5%	-17.8%	28.4%	-4.4%
Earnings yield	12.5%	0.7%	2.0%	1.1%	3.7%	4.1%	3.2%	3.0%
Enterprise value	₹252.3M	₹2.9B	₹712.6M	₹990.7M	₹161.5M	₹110.6M	₹108.1M	₹115.8M
Net debt / EBITDA	1.29×	1.91×	1.19×	1.8×	3.46×	3.59×	3.5×	3.79×
Cash conversion cycle (days)	64	69	41	64	100	41	-35	65