Spectrum Foods Ltd. (SPECFOOD.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

-574.7%

-₹98.26

vs ₹20.70 price

Levered DCF

-₹217.95

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.38

Grey zone

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	93.5×	519.8×	10.7×	58.55×	-38.45×	-3.28×	115×	-28.48×
P/B	0.67×	1.61×	25.43×	-2,869.76×	-24.74×	-45.29×	9.01×	12.91×
P/S	0.97×	2.92×	1.54×	1.41×	0.6×	0.5×	1.79×	2.39×
EV / EBITDA	24.89×	54.84×	10.99×	10.26×	11.51×	8.86×	8.95×	12.16×
Gross margin	5.6%	11.6%	25.0%	37.7%	22.3%	40.9%	22.6%	28.8%
Operating margin	0.8%	-1.4%	8.7%	6.4%	2.1%	1.6%	18.0%	6.1%
Net margin	1.0%	0.6%	6.1%	2.4%	-1.6%	-15.4%	1.6%	-8.4%
Current ratio	6.4×	2.51×	0.36×	0.3×	1×	0.76×	1.39×	1.72×
Debt / equity	0.38×	0.02×	1.33×	-150.65×	-25.14×	-65.13×	8.01×	10.56×
Interest coverage	1.22×	-5.12×	31.17×	2.54×	0.54×	0.2×	1.09×	0.35×
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	0.7%	0.3%	100.6%	-4979.2%	65.1%	1381.9%	7.8%	-45.3%
Return on invested capital	0.4%	-0.7%	25.4%	20.0%	3.2%	1.9%	9.3%	2.8%
Return on assets	0.5%	0.3%	9.5%	2.8%	-1.5%	-11.0%	0.7%	-3.4%
Free cash flow yield	-86.6%	-50.1%	-0.9%	40.8%	0.7%	71.4%	19.7%	7.0%
Earnings yield	1.1%	0.2%	4.0%	1.7%	-2.6%	-30.5%	0.9%	-3.5%
Enterprise value	₹318.8M	₹586.5M	₹353M	₹232.5M	₹194.7M	₹150.2M	₹297.2M	₹378.3M
Net debt / EBITDA	3.91×	-5.33×	0.55×	0.51×	5.79×	5.21×	4.2×	5.46×
Cash conversion cycle (days)	88	88	59	-146	138	205	232	254