Texmaco Rail & Engineering Limited (TEXRAIL.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

-948.8%

-₹882.72

vs ₹104.00 price

Levered DCF

-₹277.04

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	16.28×	22.06×	52.34×	52.41×	55.6×	39.1×	-6.76×	20.43×
P/B	1.34×	1.97×	2.34×	0.98×	0.86×	0.48×	0.43×	1.35×
P/S	0.73×	1.08×	1.69×	0.61×	0.7×	0.33×	0.24×	0.83×
EV / EBITDA	8.59×	13.4×	21.17×	13.5×	11.04×	9.1×	92.33×	12.08×
Gross margin	11.3%	16.1%	10.3%	19.8%	27.6%	24.8%	27.8%	25.2%
Operating margin	7.8%	12.7%	6.5%	5.0%	23.8%	22.1%	6.5%	7.4%
Net margin	4.5%	4.9%	3.2%	1.2%	1.3%	0.8%	-3.5%	4.1%
Current ratio	1.64×	2.28×	2.61×	1.57×	1.8×	1.54×	1.4×	1.45×
Debt / equity	0.38×	0.34×	0.25×	0.71×	0.53×	0.68×	0.74×	0.51×
Interest coverage	2.8×	4.75×	1.71×	0.97×	3.84×	3.63×	1.23×	1.94×
Dividend yield	0.9%	0.4%	0.1%	0.2%	0.2%	0.4%	2.2%	0.4%
Payout ratio	15.3%	8.0%	4.3%	12.4%	12.2%	16.7%	-14.6%	7.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.2%	8.9%	4.5%	1.9%	1.5%	1.2%	-6.3%	6.6%
Return on invested capital	7.1%	11.5%	4.4%	3.4%	11.0%	18.2%	4.3%	7.3%
Return on assets	3.9%	5.2%	2.7%	0.8%	0.8%	0.5%	-2.2%	2.8%
Free cash flow yield	2.6%	-10.5%	0.2%	-11.4%	1.0%	5.8%	-15.7%	-3.7%
Earnings yield	6.1%	4.5%	1.9%	1.9%	1.8%	2.6%	-14.8%	4.9%
Enterprise value	₹38.4B	₹62.6B	₹65.3B	₹23.2B	₹18B	₹13.1B	₹11.8B	₹20.9B
Net debt / EBITDA	1.48×	1.58×	1.96×	5.55×	4.02×	5.26×	58.08×	3.19×
Cash conversion cycle (days)	129	116	177	263	287	243	234	214