Technopack Polymers Limited (TECHNOPACK.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

+48.2%

₹16.30

vs ₹11.00 price

Levered DCF

-₹22.49

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.36

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
P/E	12.59×	8.06×	17.58×	7.79×	7.32×	807.69×	405.96×
P/B	0.72×	0.7×	1.09×	1.08×	5.13×	15.49×	15.8×
P/S	1.78×	0.8×	1.55×	1.6×	1.55×	2.67×	4.82×
EV / EBITDA	5.61×	3.93×	6.6×	4.25×	5.12×	21.14×	28.61×
Gross margin	37.4%	34.2%	39.7%	34.6%	32.5%	1.4%	0.4%
Operating margin	21.4%	16.2%	36.6%	28.0%	31.9%	-0.5%	-2.0%
Net margin	14.2%	9.9%	8.8%	20.6%	21.1%	0.3%	1.2%
Current ratio	9.66×	4.22×	4.17×	5.97×	1.9×	1.81×	66.78×
Debt / equity	0.13×	0.15×	0.41×	0.14×	1.3×	4.51×	2.64×
Interest coverage	5.92×	5.75×	8.18×	16.61×	12.54×	-0.09×	-0.25×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.6%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	4.7%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	8.6%	6.2%	13.9%	70.2%	1.9%	3.9%
Return on invested capital	6.1%	9.1%	13.7%	12.2%	32.7%	-0.4%	-1.8%
Return on assets	4.9%	7.2%	4.3%	11.6%	22.8%	0.3%	1.1%
Free cash flow yield	4.8%	15.2%	-42.9%	-4.6%	4.6%	-10.9%	-3.4%
Earnings yield	7.9%	12.4%	5.7%	12.8%	13.7%	0.1%	0.2%
Enterprise value	₹172.2M	₹165.3M	₹271.3M	₹162.1M	₹192M	₹198.1M	₹179.7M
Net debt / EBITDA	0.65×	0.64×	1.77×	-0.59×	1.01×	4.68×	4.05×
Cash conversion cycle (days)	859	356	545	515	243	152	207