Texmaco Infrastructure & Holdings Limited (TEXINFRA.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

-109.8%

-₹11.19

vs ₹114.37 price

Levered DCF

₹0.57

After debt service

Piotroski score

5 / 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	113.5×	-181.75×	237.98×	205.42×	-8.46×	80.46×	-35.99×	27.19×
P/B	1.16×	0.99×	0.86×	0.99×	1.09×	1.42×	0.7×	1.13×
P/S	71.05×	82.56×	79.19×	38.01×	38.49×	60.48×	21×	38.27×
EV / EBITDA	-281.56×	133.36×	171.76×	88.27×	-8.84×	58.28×	32.4×	56.81×
Gross margin	11.1%	100.0%	100.0%	7.6%	73.3%	100.0%	100.0%	100.0%
Operating margin	-40.9%	-50.3%	29.0%	-22.0%	-49.4%	-22.6%	-3.8%	-0.8%
Net margin	62.6%	-45.4%	33.4%	18.8%	-455.1%	75.1%	-58.4%	140.9%
Current ratio	1.76×	1.58×	11.72×	13.75×	10.91×	7.31×	6.08×	12.9×
Debt / equity	0.03×	0.02×	0.02×	0.05×	0.04×	0.05×	0.05×	0.04×
Interest coverage	-3.03×	-3.13×	1.91×	-1.77×	-4.01×	-1.08×	-0.26×	-0.06×
Dividend yield	0.2%	0.1%	0.2%	0.2%	0.3%	0.3%	0.9%	0.3%
Payout ratio	17.6%	-26.6%	35.9%	31.3%	-3.0%	23.0%	-31.8%	9.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.0%	-0.5%	0.4%	0.5%	-12.9%	1.8%	-2.0%	4.2%
Return on invested capital	-0.5%	0.6%	0.3%	-0.5%	-1.3%	-0.4%	-0.1%	-0.0%
Return on assets	0.8%	-0.5%	0.3%	0.5%	-12.1%	1.6%	-1.8%	3.9%
Free cash flow yield	-1.4%	14.1%	-0.0%	-0.4%	-0.7%	-1.0%	-0.5%	0.7%
Earnings yield	0.9%	-0.6%	0.4%	0.5%	-11.8%	1.2%	-2.8%	3.7%
Enterprise value	₹12.7B	₹13.4B	₹13B	₹6.6B	₹7.6B	₹9.2B	₹4.2B	₹7.5B
Net debt / EBITDA	-5.57×	2.67×	3.97×	3.79×	-0.31×	1.78×	2.07×	1.71×
Cash conversion cycle (days)	1,640	304	478	1,161	968	1,813	181	1,261