Reliance Chemotex Industries Limited (RELCHEMQ.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

-635.2%

-₹582.87

vs ₹108.90 price

Levered DCF

-₹1,079.21

After debt service

Piotroski score

5 / 9

Average

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	15.61×	29.8×	46.3×	9.56×	9.44×	24.7×	15.46×	22.08×
P/B	0.58×	0.86×	1.11×	0.9×	1.41×	1.64×	1.47×	1.35×
P/S	0.23×	0.33×	0.4×	0.33×	0.49×	0.68×	0.5×	0.29×
EV / EBITDA	7.84×	8.97×	15.57×	7.77×	6.23×	9.72×	6.78×	7.99×
Gross margin	19.7%	28.7%	13.8%	15.9%	46.2%	46.8%	42.8%	37.8%
Operating margin	7.2%	4.9%	3.0%	7.5%	9.5%	5.9%	8.4%	6.0%
Net margin	1.5%	1.1%	0.9%	3.5%	5.2%	2.8%	3.2%	1.3%
Current ratio	1.07×	0.91×	0.95×	0.88×	0.97×	1.03×	0.94×	0.94×
Debt / equity	1.87×	1.91×	2.1×	1.51×	1.05×	0.93×	0.57×	1.22×
Interest coverage	1.04×	0.73×	0.56×	1.92×	2.71×	1.55×	2.12×	2.77×
Dividend yield	0.5%	0.6%	1.3%	1.6%	0.9%	0.4%	1.2%	3.1%
Payout ratio	7.2%	18.6%	58.8%	15.2%	8.3%	10.2%	18.0%	68.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.7%	2.9%	2.4%	9.4%	14.9%	6.6%	9.5%	6.1%
Return on invested capital	5.6%	4.1%	1.4%	5.5%	7.9%	4.5%	11.3%	5.6%
Return on assets	1.0%	0.9%	0.7%	3.1%	5.4%	2.6%	4.1%	1.9%
Free cash flow yield	-3.4%	-16.7%	-50.2%	-46.0%	4.3%	6.5%	10.1%	27.6%
Earnings yield	6.4%	3.4%	2.2%	10.5%	10.6%	4.0%	6.5%	4.5%
Enterprise value	₹3.5B	₹3.8B	₹4.3B	₹3.1B	₹3B	₹2.7B	₹2B	₹1.7B
Net debt / EBITDA	6×	6.18×	10.18×	4.83×	2.66×	3.51×	1.88×	3.79×
Cash conversion cycle (days)	121	77	49	65	45	98	41	24