Tanfac Industries Limited (TANFACIND.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

-76.6%

₹796.53

vs ₹3,400.00 price

Levered DCF

-₹108.53

After debt service

Piotroski score

4 / 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	53.29×	33.62×	39.5×	17.86×	10.88×	13.87×	4.65×	6.33×
P/B	10.02×	9.5×	9×	5.44×	4.34×	2.91×	1.21×	4.74×
P/S	5.26×	5.32×	5.49×	2.71×	1.81×	1.66×	0.49×	1.05×
EV / EBITDA	33.92×	23.02×	26.17×	11.8×	7.2×	6.93×	2.98×	4.56×
Gross margin	24.1%	28.2%	24.7%	36.4%	28.0%	46.9%	19.9%	25.4%
Operating margin	13.3%	21.9%	17.5%	18.9%	21.8%	17.1%	13.7%	20.6%
Net margin	9.9%	15.8%	13.9%	15.1%	16.6%	12.0%	10.6%	16.6%
Current ratio	1.77×	2.29×	3.07×	2.98×	2.85×	2.3×	2.58×	1.47×
Debt / equity	0.25×	0.13×	0×	0×	0×	0×	0.01×	0.25×
Interest coverage	22.01×	46.98×	35.22×	31.06×	34.57×	22.48×	12.87×	11.59×
Dividend yield	0.2%	0.2%	0.3%	0.5%	0.6%	0.0%	0.1%	0.1%
Payout ratio	12.8%	7.9%	12.4%	9.8%	6.6%	0.0%	0.7%	0.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.8%	28.3%	22.8%	30.5%	39.9%	21.0%	26.0%	74.9%
Return on invested capital	15.1%	25.1%	21.1%	27.6%	37.7%	19.8%	24.3%	58.2%
Return on assets	13.3%	20.7%	17.4%	22.3%	29.2%	14.5%	19.1%	33.5%
Free cash flow yield	-1.1%	-2.2%	-0.1%	2.8%	4.9%	11.7%	14.4%	15.2%
Earnings yield	1.9%	3.0%	2.5%	5.6%	9.2%	7.2%	21.5%	15.8%
Enterprise value	₹38B	₹29.7B	₹20.7B	₹9.9B	₹5.7B	₹2.4B	₹793.6M	₹2.4B
Net debt / EBITDA	0.57×	0.03×	-0.09×	-0.12×	-0.09×	-0.07×	0.01×	0.22×
Cash conversion cycle (days)	102	112	79	62	43	41	83	72