Remi Edelstahl Tubulars Limited (REMIEDEL.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

-240.7%

-₹290.81

vs ₹206.75 price

Levered DCF

-₹281.93

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	56.38×	33.72×	54.08×	302.46×	69.83×	85.25×	91.92×	284.09×
P/B	2.23×	1.96×	1.72×	1.02×	1.06×	0.45×	0.32×	0.83×
P/S	1.09×	0.65×	0.64×	0.32×	0.43×	0.23×	0.13×	0.28×
EV / EBITDA	22.58×	13.1×	13.99×	10.76×	9.66×	8.54×	4.75×	8.22×
Gross margin	20.4%	29.7%	17.8%	21.5%	15.5%	16.1%	15.6%	13.3%
Operating margin	3.1%	21.7%	2.3%	1.3%	2.4%	1.3%	2.7%	2.5%
Net margin	1.9%	1.9%	1.2%	0.1%	0.6%	0.3%	0.1%	0.1%
Current ratio	1.73×	2.72×	2.19×	2.05×	2.3×	2.36×	2.54×	2.03×
Debt / equity	0.76×	0.33×	0.7×	0.57×	0.74×	0.86×	0.69×	1.06×
Interest coverage	2.2×	22.13×	1.35×	0.75×	1.26×	0.54×	0.73×	0.71×
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	3.9%	5.8%	3.2%	0.3%	1.5%	0.5%	0.4%	0.3%
Return on invested capital	2.6%	35.3%	2.7%	1.4%	1.0%	1.2%	2.1%	0.9%
Return on assets	2.0%	3.5%	1.6%	0.2%	0.7%	0.2%	0.2%	0.1%
Free cash flow yield	-38.8%	19.3%	-6.6%	18.1%	10.2%	-29.1%	128.7%	16.3%
Earnings yield	1.8%	3.0%	1.9%	0.3%	1.4%	1.2%	1.1%	0.3%
Enterprise value	₹2.1B	₹1B	₹1B	₹673.8M	₹757.3M	₹544.6M	₹416.2M	₹781.4M
Net debt / EBITDA	5.61×	1.67×	3.89×	3.86×	3.99×	5.61×	3.25×	4.61×
Cash conversion cycle (days)	188	120	193	131	178	217	147	141