Tembo Global Industries Limited (TEMBO.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

-1483.1%

-₹739.11

vs ₹53.44 price

Levered DCF

-₹1,657.49

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	0.85×	1.65×	2.07×	3.83×	5.89×	3.62×	2.34×	2.44×
P/B	0.17×	0.28×	0.44×	0.56×	0.74×	0.39×	0.27×	0.27×
P/S	0.07×	0.08×	0.07×	0.09×	0.11×	0.09×	0.07×	0.09×
EV / EBITDA	2.39×	3.33×	2.95×	4.46×	5.59×	5.66×	3.52×	2.83×
Gross margin	14.5%	28.4%	12.5%	14.0%	7.7%	13.2%	14.8%	14.0%
Operating margin	12.4%	12.0%	3.8%	4.3%	1.8%	3.3%	6.2%	6.8%
Net margin	8.4%	6.9%	3.3%	2.3%	1.8%	2.5%	3.2%	3.5%
Current ratio	1.91×	1.02×	1.4×	1.25×	1.58×	1.45×	1.78×	1.79×
Debt / equity	0.85×	1.22×	0.76×	1.06×	1.63×	1.54×	0.8×	0.57×
Interest coverage	5.39×	5.31×	3.15×	3.2×	0.78×	1.2×	2.63×	2.33×
Dividend yield	3.8%	5.2%	5.7%	6.0%	5.4%	8.3%	5.4%	0.0%
Payout ratio	3.3%	6.2%	11.7%	22.8%	31.9%	30.2%	12.7%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.2%	24.1%	21.5%	14.5%	12.6%	10.7%	11.5%	11.0%
Return on invested capital	11.0%	13.4%	10.5%	9.4%	3.5%	4.2%	9.1%	9.6%
Return on assets	7.0%	8.9%	8.7%	5.3%	3.4%	3.1%	4.7%	5.4%
Free cash flow yield	-263.4%	-501.0%	-50.4%	-40.1%	-9.8%	-179.8%	-61.0%	62.7%
Earnings yield	117.8%	85.0%	48.3%	26.1%	17.0%	27.6%	42.6%	40.9%
Enterprise value	₹3.4B	₹3.2B	₹789.6M	₹638.5M	₹591.4M	₹424.1M	₹199.7M	₹142.4M
Net debt / EBITDA	1.84×	2.7×	1.85×	2.91×	3.83×	4.45×	2.53×	1.82×
Cash conversion cycle (days)	102	96	34	30	95	124	108	113