Vamshi Rubber Limited (VAMSHIRU.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

-13.2%

₹32.72

vs ₹37.70 price

Levered DCF

₹24.59

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

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	26.24×	24.84×	22.28×	107.91×	342.53×	-2.89×	14.54×	25×
P/B	1.16×	1.14×	0.99×	0.77×	0.78×	0.64×	0.39×	0.69×
P/S	0.21×	0.19×	0.18×	0.12×	0.14×	0.14×	0.11×	0.13×
EV / EBITDA	11.77×	10.39×	8.78×	9.21×	10.41×	-56.27×	6.9×	8.2×
Gross margin	15.1%	31.2%	29.5%	25.7%	27.2%	25.9%	39.2%	8.1%
Operating margin	2.6%	2.5%	3.1%	2.2%	3.3%	-3.3%	4.5%	3.2%
Net margin	0.8%	0.8%	0.8%	0.1%	0.0%	-4.9%	0.8%	0.5%
Current ratio	1.13×	1.12×	1.1×	1.11×	1.15×	1.17×	1.2×	1.19×
Debt / equity	1.33×	1.42×	1.35×	1.59×	1.82×	1.96×	1.58×	1.48×
Interest coverage	1.26×	1.27×	1.22×	0.83×	1×	-0.79×	0.87×	1.02×
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	4.4%	4.7%	4.5%	0.7%	0.2%	-22.3%	2.7%	2.8%
Return on invested capital	4.2%	4.6%	5.3%	1.5%	2.3%	-3.3%	5.3%	6.2%
Return on assets	1.5%	1.6%	1.4%	0.2%	0.1%	-6.0%	0.8%	0.8%
Free cash flow yield	-4.7%	-14.5%	15.2%	-4.9%	-5.5%	-9.6%	-22.3%	4.1%
Earnings yield	3.8%	4.1%	4.5%	0.9%	0.3%	-34.6%	6.9%	4.0%
Enterprise value	₹370.1M	₹371.7M	₹320.5M	₹304.3M	₹330M	₹328.9M	₹307.6M	₹329.2M
Net debt / EBITDA	6.18×	5.76×	5.06×	6.19×	7.28×	-42.31×	5.52×	5.58×
Cash conversion cycle (days)	107	113	108	110	153	171	230	115