R & B Denims Limited (RNBDENIMS.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

+1.6%

₹8.63

vs ₹8.49 price

Levered DCF

₹18.72

After debt service

Piotroski score

—

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	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	70.49×	27.89×	26.2×	32.35×	22.81×
P/B	8.69×	3.39×	3.02×	6.08×	7.5×
P/S	3.73×	1.7×	1.42×	1.9×	1.7×
EV / EBITDA	31.41×	11.77×	10.35×	13.8×	12.85×
Gross margin	14.4%	21.7%	21.5%	18.9%	21.6%
Operating margin	4.9%	10.0%	9.9%	8.9%	11.4%
Net margin	5.3%	6.1%	5.4%	5.9%	7.4%
Current ratio	2.62×	2.13×	2.51×	2.66×	1.49×
Debt / equity	0.37×	0.52×	0.42×	0.65×	1.34×
Interest coverage	3.11×	5.2×	5×	4.38×	6.54×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	12.4%	12.1%	11.5%	18.8%	32.8%
Return on invested capital	5.2%	9.0%	9.8%	12.3%	15.7%
Return on assets	6.9%	7.0%	6.6%	9.7%	11.5%
Free cash flow yield	-1.1%	2.5%	3.8%	7.8%	-3.9%
Earnings yield	1.4%	3.6%	3.8%	3.1%	4.4%
Enterprise value	₹18.1B	₹7.1B	₹5.6B	₹5.3B	₹5.7B
Net debt / EBITDA	1.24×	1.55×	1.25×	1.33×	1.94×
Cash conversion cycle (days)	119	181	159	74	91