Wonder Electricals Limited (WEL.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

-114.3%

-₹10.29

vs ₹72.01 price

Levered DCF

-₹56.56

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

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
P/E	142.57×	120.93×	93.86×	41.21×	29.44×
P/B	12.42×	22.3×	10.88×	4.35×	3.98×
P/S	1.98×	2.62×	1.7×	0.65×	0.54×
EV / EBITDA	48.64×	61.58×	41.32×	16.5×	13.17×
Gross margin	4.2%	8.7%	8.6%	8.3%	8.1%
Operating margin	3.1%	3.6%	3.4%	3.0%	3.3%
Net margin	1.4%	2.2%	1.8%	1.6%	1.9%
Current ratio	1.23×	1.19×	1.15×	1.19×	1.13×
Debt / equity	1.08×	0.96×	0.73×	0.42×	0.41×
Interest coverage	2.39×	4.87×	4.42×	4.06×	4.82×
Dividend yield	0.2%	0.2%	0.2%	0.0%	0.0%
Payout ratio	29.4%	19.3%	18.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	8.7%	18.4%	11.6%	10.6%	13.6%
Return on invested capital	7.0%	11.8%	8.6%	9.9%	12.7%
Return on assets	2.2%	4.6%	2.9%	2.7%	3.2%
Free cash flow yield	1.3%	-1.5%	-2.5%	-1.2%	-4.9%
Earnings yield	0.7%	0.8%	1.1%	2.4%	3.4%
Enterprise value	₹13.8B	₹24B	₹10.2B	₹2.8B	₹2.3B
Net debt / EBITDA	2.97×	2.54×	2.45×	1.43×	1.21×
Cash conversion cycle (days)	75	54	56	41	29