Stove Kraft Limited (STOVEKRAFT.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

+26.8%

₹1,017.82

vs ₹802.60 price

Levered DCF

₹3,287.91

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

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	35.74×	62.51×	42.64×	34.5×	35.67×	17.16×	377.92×	1,938.91×
P/B	2.98×	5.12×	3.31×	3.06×	5.51×	4.64×	-18.32×	-22.7×
P/S	0.93×	1.66×	1.07×	0.96×	1.78×	1.64×	1.65×	2.29×
EV / EBITDA	9.49×	18.39×	14.99×	14.36×	22.98×	12.43×	41.83×	55.58×
Gross margin	22.1%	38.1%	21.1%	32.7%	29.6%	32.7%	32.5%	29.7%
Operating margin	5.5%	26.0%	5.1%	5.3%	6.5%	11.7%	3.5%	3.3%
Net margin	2.6%	2.7%	2.5%	2.8%	5.0%	9.5%	0.5%	0.1%
Current ratio	0.97×	0.93×	0.96×	1.04×	1.16×	1.41×	0.85×	0.88×
Debt / equity	0.23×	0.79×	0.72×	0.4×	0.43×	0.17×	-5.62×	-5.02×
Interest coverage	3.22×	12.15×	2.64×	3.78×	6.25×	5.2×	1.11×	1.17×
Dividend yield	0.7%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	23.6%	21.4%	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	8.3%	8.2%	7.8%	8.9%	15.4%	26.9%	-5.3%	-1.1%
Return on invested capital	10.3%	34.7%	6.8%	8.6%	12.5%	26.5%	7.0%	4.6%
Return on assets	3.6%	3.2%	3.1%	4.0%	7.7%	14.2%	0.7%	0.2%
Free cash flow yield	8.1%	2.0%	-0.1%	-1.8%	-5.9%	3.3%	-1.0%	0.4%
Earnings yield	2.8%	1.6%	2.3%	2.9%	2.8%	5.8%	0.3%	0.1%
Enterprise value	₹15.9B	₹27.7B	₹17.7B	₹13.9B	₹21.6B	₹14.2B	₹14.3B	₹17.4B
Net debt / EBITDA	0.52×	2.4×	2.64×	1.66×	1.65×	0.2×	9.48×	9.32×
Cash conversion cycle (days)	26	73	59	68	73	24	29	23