Valiant Organics Limited (VALIANTORG.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

-46.3%

₹222.17

vs ₹413.70 price

Levered DCF

₹307.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

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	17.04×	-219×	-134.1×	12.85×	22.07×	28.92×	28.91×	26.88×
P/B	0.75×	1.13×	1.54×	1.64×	4.08×	6.6×	9.24×	13.81×
P/S	0.77×	1.14×	1.55×	1.08×	2.17×	4.39×	5.31×	5.17×
EV / EBITDA	8.23×	17.18×	32.35×	7.89×	13.37×	16.62×	19.9×	19.38×
Gross margin	28.8%	36.4%	6.5%	17.3%	18.8%	29.1%	27.8%	26.2%
Operating margin	6.6%	2.5%	0.8%	13.2%	15.5%	24.8%	24.5%	24.4%
Net margin	4.5%	-0.5%	-1.2%	8.4%	9.8%	15.2%	18.4%	19.2%
Current ratio	1.01×	0.97×	1×	1.2×	1.29×	1.12×	1.32×	1.86×
Debt / equity	0.34×	0.34×	0.35×	0.4×	0.59×	0.42×	0.36×	0.32×
Interest coverage	2.67×	0.76×	0.35×	12.91×	27.65×	37.44×	73.66×	41.69×
Dividend yield	0.0%	0.0%	0.0%	1.1%	0.0%	0.2%	0.7%	0.3%
Payout ratio	0.0%	0.0%	0.0%	13.9%	0.0%	5.9%	21.3%	7.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.4%	-0.5%	-1.2%	12.8%	18.5%	22.8%	32.0%	51.4%
Return on invested capital	3.6%	-2.8%	0.5%	9.9%	12.5%	17.9%	22.3%	32.5%
Return on assets	2.7%	-0.3%	-0.7%	7.1%	9.5%	13.1%	18.5%	29.7%
Free cash flow yield	7.8%	3.1%	0.8%	7.6%	-6.1%	-1.7%	-1.2%	-0.4%
Earnings yield	5.9%	-0.5%	-0.7%	7.8%	4.5%	3.5%	3.5%	3.7%
Enterprise value	₹8.2B	₹10.6B	₹13.8B	₹14B	₹28.4B	₹35.1B	₹37.1B	₹36.6B
Net debt / EBITDA	2.55×	3.93×	5.95×	1.5×	1.59×	0.93×	0.7×	0.42×
Cash conversion cycle (days)	102	67	82	74	95	52	39	56