Tamilnadu Steel Tubes Limited (TNSTLTU.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

-458.4%

-₹103.94

vs ₹29.00 price

Levered DCF

-₹105.90

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	169.55×	77.63×	25.02×	9.68×	9.22×	-6.68×	-5.54×	163.61×
P/B	0.98×	0.81×	0.75×	0.59×	0.55×	0.56×	1.54×	1.33×
P/S	0.11×	0.1×	0.1×	0.06×	0.06×	0.09×	0.27×	0.19×
EV / EBITDA	11.39×	13.4×	12.89×	9.52×	7×	104.46×	-5.75×	15.57×
Gross margin	5.5%	11.5%	8.9%	6.6%	9.8%	12.7%	10.1%	11.0%
Operating margin	0.9%	5.7%	0.3%	0.9%	1.2%	-0.4%	-5.3%	0.7%
Net margin	0.1%	0.1%	0.4%	0.6%	0.7%	-1.3%	-4.8%	0.1%
Current ratio	2.42×	2.62×	3.65×	3.26×	3.62×	1.69×	5.87×	3.36×
Debt / equity	1.04×	0.92×	0.66×	0.68×	0.45×	1.31×	0.03×	0.4×
Interest coverage	1.31×	6.54×	0.32×	1.48×	8.38×	-4.27×	-57.02×	0.86×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.6%	1.0%	3.0%	6.1%	6.0%	-8.3%	-27.7%	0.8%
Return on invested capital	0.4%	10.3%	0.6%	2.6%	2.2%	5.3%	-11.8%	2.2%
Return on assets	0.2%	0.3%	0.9%	1.7%	1.8%	-2.8%	-9.4%	0.3%
Free cash flow yield	2.9%	-8.2%	-1.2%	-36.7%	-102.0%	9.6%	-2.3%	1.8%
Earnings yield	0.6%	1.3%	4.0%	10.4%	10.8%	-15.0%	-18.1%	0.6%
Enterprise value	₹170.1M	₹149.2M	₹130.8M	₹116.8M	₹86.2M	₹140.5M	₹120.8M	₹159.9M
Net debt / EBITDA	4.86×	6.46×	5.91×	5.07×	3.09×	70.57×	0.74×	0.87×
Cash conversion cycle (days)	110	144	144	118	122	146	157	109