V. B. Industries Limited (VBIND.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

-234.2%

-₹11.68

vs ₹8.70 price

Levered DCF

₹3.46

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

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	53.9×	-119.72×	88.3×	50.23×	186.12×	-3.71×	-0.22×	108.74×
P/B	0.08×	0.12×	0.08×	0.06×	0.07×	0.01×	0.01×	0.07×
P/S	0.86×	3.88×	1.75×	2.68×	1.85×	0.41×	0.09×	13.25×
EV / EBITDA	36.42×	-754.98×	66.75×	34.18×	151.16×	-2.29×	-16.16×	749.44×
Gross margin	11.6%	-46.9%	8.6%	20.0%	16.5%	44.9%	14.4%	88.6%
Operating margin	2.3%	-63.0%	4.9%	6.9%	1.2%	-11.2%	-40.2%	16.4%
Net margin	1.6%	-3.2%	2.0%	5.3%	1.0%	-11.2%	-40.2%	12.2%
Current ratio	0.02×	15.14×	95.3×	295.3×	370.41×	405.97×	0.17×	3.03×
Debt / equity	0×	0×	0×	0×	0×	0×	0.77×	0.7×
Interest coverage	0×	-9,056.5×	0×	740×	68.69×	-7,981.76×	-78,236.55×	1,654.68×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.1%	-0.1%	0.1%	0.1%	0.0%	-0.3%	-4.8%	0.1%
Return on invested capital	0.1%	-1.4%	0.2%	0.1%	0.0%	-0.3%	-4.7%	0.1%
Return on assets	0.1%	-0.1%	0.1%	0.1%	0.0%	-0.3%	-4.7%	0.1%
Free cash flow yield	0.0%	0.5%	-8.5%	10.5%	-6.6%	90.0%	128.1%	9.5%
Earnings yield	1.9%	-0.8%	1.1%	2.0%	0.5%	-27.2%	-449.9%	0.9%
Enterprise value	₹71.4M	₹110.2M	₹71.8M	₹50.8M	₹68.1M	₹7.1M	₹741.8M	₹811.8M
Net debt / EBITDA	-1.17×	8.62×	-0.37×	-4.4×	-0.96×	1.49×	-15.94×	677.05×
Cash conversion cycle (days)	4,065	12,044	8,442	3,367	2,633	3,467	766	18,513