Tirupati Foam Ltd. (TIRUFOAM.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

+203.6%

₹204.93

vs ₹67.50 price

Levered DCF

₹76.02

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.23

Grey zone

Rating

Overall 2 / 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	FY2018
P/E	16.53×	24.3×	15.37×	14.36×	16.18×	27.23×	7.96×	15.81×
P/B	0.94×	1.6×	1.05×	0.94×	1.07×	1.15×	0.77×	1.82×
P/S	0.33×	0.49×	0.31×	0.27×	0.29×	0.4×	0.24×	0.41×
EV / EBITDA	8.8×	10.27×	7.58×	7.44×	7.86×	10.56×	6.74×	8.48×
Gross margin	20.1%	22.7%	16.6%	9.7%	9.1%	11.2%	15.9%	12.5%
Operating margin	6.2%	6.1%	6.8%	7.0%	6.6%	8.4%	9.7%	7.8%
Net margin	2.0%	2.0%	2.0%	1.9%	1.8%	1.5%	3.0%	2.6%
Current ratio	1.31×	1.27×	1.24×	1.3×	1.38×	1.32×	1.3×	1.38×
Debt / equity	1.08×	1.22×	1.31×	1.6×	1.65×	2.14×	1.97×	1.89×
Interest coverage	1.59×	1.55×	1.48×	1.48×	1.53×	1.31×	1.5×	1.74×
Dividend yield	1.4%	0.8%	1.4%	1.6%	0.0%	0.0%	4.2%	2.5%
Payout ratio	22.9%	20.6%	21.0%	23.2%	0.0%	0.0%	33.7%	40.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.7%	6.6%	6.8%	6.5%	6.6%	4.2%	9.6%	11.5%
Return on invested capital	6.2%	6.8%	7.5%	6.7%	6.6%	5.3%	7.9%	8.6%
Return on assets	2.2%	2.4%	2.5%	2.2%	2.0%	1.1%	2.8%	3.5%
Free cash flow yield	4.7%	11.7%	13.6%	-1.2%	30.7%	-1.2%	-10.5%	-24.1%
Earnings yield	6.0%	4.1%	6.5%	7.0%	6.2%	3.7%	12.5%	6.3%
Enterprise value	₹681.5M	₹891.5M	₹723.8M	₹712.7M	₹729.6M	₹823.4M	₹671M	₹852.7M
Net debt / EBITDA	4.69×	4.29×	4.2×	4.59×	4.68×	6.76×	4.84×	4.32×
Cash conversion cycle (days)	159	134	133	129	114	188	152	123