Vadilal Enterprises Limited (VADILENT.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

-208.3%

-₹10,283.98

vs ₹9,500.00 price

Levered DCF

-₹5,318.79

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.28

Safe zone

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	80.82×	169.53×	46.14×	50.5×	67.15×	183.66×	-106.88×	917.48×
P/B	25.53×	41.81×	19.19×	28.08×	27.91×	43.71×	32.65×	21.15×
P/S	0.69×	0.83×	0.35×	0.33×	0.27×	0.46×	0.15×	0.14×
EV / EBITDA	22.31×	32.35×	14.21×	14.7×	8.78×	9.08×	6.92×	6.98×
Gross margin	18.8%	23.1%	16.3%	14.4%	15.0%	18.0%	15.5%	22.6%
Operating margin	1.6%	0.7%	0.2%	9.2%	0.2%	0.8%	-0.0%	0.5%
Net margin	0.9%	0.5%	0.8%	0.7%	0.4%	0.3%	-0.1%	0.0%
Current ratio	0.62×	0.6×	0.6×	0.62×	0.56×	0.45×	0.41×	0.43×
Debt / equity	1.88×	2.13×	1.57×	0.66×	1.13×	3.5×	9.11×	7.35×
Interest coverage	2.39×	1.25×	0.5×	64.04×	0.43×	0.59×	-0.03×	0.71×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%
Payout ratio	1.2%	2.3%	1.7%	1.8%	0.0%	0.0%	-10.0%	93.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	31.6%	25.7%	41.6%	55.7%	41.6%	23.8%	-30.6%	2.3%
Return on invested capital	15.3%	8.2%	2.8%	318.8%	5.4%	11.5%	-0.3%	4.6%
Return on assets	3.0%	2.0%	3.3%	3.2%	1.5%	0.6%	-0.5%	0.1%
Free cash flow yield	-2.2%	-1.3%	-6.0%	0.2%	7.5%	6.9%	2.6%	-14.1%
Earnings yield	1.2%	0.6%	2.2%	2.0%	1.5%	0.5%	-0.9%	0.1%
Enterprise value	₹8.9B	₹9.7B	₹3.7B	₹3.1B	₹1.5B	₹1.7B	₹1.1B	₹1.1B
Net debt / EBITDA	1.02×	1.2×	0.85×	-0.09×	0.05×	0.65×	1.48×	1.72×
Cash conversion cycle (days)	2	-1	10	-4	19	49	1	6