Taneja Aerospace and Aviation Limited (TANAA.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

-33.7%

₹207.87

vs ₹313.60 price

Levered DCF

₹228.81

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

24.66

Safe zone

Rating

A-

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	29.11×	45.38×	91.69×	29.65×	50.3×	12.33×	6.52×	17.03×
P/B	3.17×	5.76×	7.82×	2.97×	2.53×	0.73×	0.39×	0.95×
P/S	12.18×	20.19×	33.6×	10.23×	8.8×	2.22×	1.18×	2.69×
EV / EBITDA	17.97×	29.79×	52.63×	16.22×	15.75×	5.38×	4.11×	8.32×
Gross margin	72.8%	70.0%	70.1%	61.0%	55.5%	42.0%	48.5%	50.2%
Operating margin	50.9%	55.0%	54.9%	67.9%	42.2%	32.2%	30.4%	33.3%
Net margin	41.9%	44.5%	36.7%	34.5%	17.5%	18.0%	18.1%	15.8%
Current ratio	7.71×	3.84×	2.89×	3.11×	2×	1.16×	1.02×	0.88×
Debt / equity	0×	0×	0×	0×	0.03×	0.08×	0.2×	0.34×
Interest coverage	38.99×	52.72×	34.88×	32.61×	13.96×	4.34×	2.54×	2.21×
Dividend yield	1.3%	0.8%	1.0%	3.0%	0.4%	0.0%	0.0%	0.0%
Payout ratio	37.9%	35.3%	87.9%	88.2%	22.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.9%	12.7%	8.5%	10.0%	5.0%	5.9%	5.9%	5.6%
Return on invested capital	9.1%	11.3%	8.4%	12.4%	7.5%	6.9%	7.5%	6.6%
Return on assets	9.6%	11.3%	7.6%	8.8%	4.4%	4.9%	4.4%	3.7%
Free cash flow yield	4.7%	3.0%	0.8%	3.8%	1.9%	16.4%	26.5%	8.8%
Earnings yield	3.4%	2.2%	1.1%	3.4%	2.0%	8.1%	15.4%	5.9%
Enterprise value	₹4.7B	₹8.2B	₹10.1B	₹3.2B	₹2.7B	₹803.1M	₹565.3M	₹1.2B
Net debt / EBITDA	-0.6×	-0.17×	-0.29×	-0.41×	0×	0.25×	1.35×	1.99×
Cash conversion cycle (days)	55	33	55	78	256	60	72	96