Technocraft Industries (India) Limited (TIIL.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

+89.9%

₹5,044.39

vs ₹2,656.10 price

Levered DCF

₹1,168.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

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	17.39×	23.83×	19.46×	10.95×	9.02×	7.4×	3.63×	11.53×
P/B	2.45×	3.4×	3.07×	2.07×	1.8×	0.9×	0.47×	1.63×
P/S	1.8×	2.32×	2.36×	1.47×	1.26×	0.74×	0.33×	1.02×
EV / EBITDA	9.82×	13.02×	11.89×	7.52×	6.41×	4.77×	4.2×	8.19×
Gross margin	37.7%	35.9%	53.1%	60.0%	53.1%	53.3%	51.8%	49.3%
Operating margin	12.5%	11.8%	39.0%	17.3%	17.4%	11.7%	11.7%	12.3%
Net margin	10.3%	9.9%	12.1%	13.5%	14.0%	10.1%	9.0%	8.9%
Current ratio	2.04×	1.81×	2×	1.79×	2.11×	2.12×	1.73×	1.55×
Debt / equity	0.41×	0.49×	0.4×	0.46×	0.38×	0.44×	0.69×	0.77×
Interest coverage	5.91×	5.61×	21.47×	12.28×	15.6×	5.25×	4.26×	4.75×
Dividend yield	0.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	15.9%	0.0%	0.9%	0.5%	0.2%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.1%	14.5%	15.8%	18.9%	20.0%	12.1%	13.0%	14.1%
Return on invested capital	8.8%	8.4%	25.7%	12.2%	13.2%	7.4%	7.6%	7.8%
Return on assets	8.8%	8.6%	9.8%	11.3%	12.7%	7.3%	6.8%	7.2%
Free cash flow yield	1.7%	0.1%	0.0%	1.1%	1.8%	23.2%	6.2%	-6.3%
Earnings yield	5.8%	4.2%	5.1%	9.1%	11.1%	13.5%	27.6%	8.7%
Enterprise value	₹56B	₹67.2B	₹57B	₹34.1B	₹28.5B	₹13.6B	₹10.4B	₹19.4B
Net debt / EBITDA	1.12×	1.33×	1.16×	1.07×	0.98×	1.38×	2.4×	2.5×
Cash conversion cycle (days)	234	214	301	377	260	333	352	332