Vishal Bearings Ltd (VISHALBL.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

+32.5%

₹60.96

vs ₹46.01 price

Levered DCF

₹299.23

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 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	-54.74×	-33.37×	152.6×	25.43×	30.14×	524.86×	19,479.38×	31.86×
P/B	1.2×	2.6×	4.74×	6.11×	8×	10.86×	11.3×	11.3×
P/S	0.44×	1×	1.7×	1.77×	1.88×	3.53×	3.92×	2.53×
EV / EBITDA	9.52×	18.09×	21.84×	12.68×	15.34×	34.5×	36.6×	15.25×
Gross margin	18.4%	42.3%	39.9%	14.0%	11.5%	5.6%	5.3%	15.7%
Operating margin	4.0%	2.1%	5.2%	13.1%	10.6%	4.8%	4.3%	14.7%
Net margin	-0.8%	-3.0%	1.1%	6.9%	6.3%	0.7%	0.0%	7.9%
Current ratio	1.35×	1.45×	1.47×	1.81×	1.55×	2.28×	2.19×	1.95×
Debt / equity	1.9×	1.74×	1.46×	1.42×	1.73×	1.67×	2.07×	1.82×
Interest coverage	0.74×	0.38×	1.47×	3.55×	3.76×	1.11×	0.75×	3.51×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%	0.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	8.0%	0.0%	0.0%	5.6%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-2.2%	-7.8%	3.1%	24.0%	26.6%	2.1%	0.1%	35.5%
Return on invested capital	3.4%	1.9%	4.1%	13.7%	11.7%	3.5%	-1.2%	16.4%
Return on assets	-0.6%	-2.4%	1.1%	8.6%	7.3%	0.7%	0.0%	10.9%
Free cash flow yield	-17.4%	0.6%	0.4%	-0.8%	-7.3%	5.8%	-2.0%	-4.5%
Earnings yield	-1.8%	-3.0%	0.7%	3.9%	3.3%	0.2%	0.0%	3.1%
Enterprise value	₹982.2M	₹1.4B	₹2.2B	₹2.5B	₹2.5B	₹2.3B	₹2.4B	₹2.4B
Net debt / EBITDA	5.76×	7.23×	5.14×	2.38×	2.71×	4.35×	5.65×	2.1×
Cash conversion cycle (days)	209	302	233	175	143	157	238	152