Westlife Foodworld Limited (WESTLIFE.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

-32.7%

₹403.76

vs ₹600.35 price

Levered DCF

₹281.34

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.49

Safe zone

Rating

C-

Overall 1 / 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	232.51×	895.06×	180.63×	95.44×	-4,357.73×	-72.05×	-687.23×	108.9×
P/B	12.14×	18.02×	21.25×	18.83×	16.17×	14.88×	8.71×	7.53×
P/S	2.86×	4.39×	5.28×	4.72×	4.8×	7.34×	3.27×	3.16×
EV / EBITDA	22.62×	39.01×	36.33×	30.62×	39.29×	85.04×	28.47×	34.79×
Gross margin	46.1%	55.3%	51.1%	36.4%	46.4%	41.1%	45.6%	44.0%
Operating margin	4.2%	55.3%	8.2%	10.4%	4.5%	-7.7%	5.2%	3.2%
Net margin	1.2%	0.5%	2.9%	4.9%	-0.1%	-10.2%	-0.5%	2.9%
Current ratio	0.13×	0.3×	0.36×	0.71×	0.46×	0.48×	0.38×	0.43×
Debt / equity	2.92×	2.69×	2.72×	2.49×	2.28×	2.01×	1.67×	0.4×
Interest coverage	0.75×	10.77×	1.78×	2.54×	0.84×	-0.89×	0.99×	2.54×
Dividend yield	0.2%	0.0%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	36.2%	0.0%	77.5%	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	5.2%	2.0%	11.8%	19.7%	-0.4%	-20.7%	-1.3%	6.9%
Return on invested capital	3.6%	51.2%	6.7%	7.9%	3.7%	-3.9%	4.3%	5.5%
Return on assets	1.1%	0.5%	3.0%	5.3%	-0.1%	-5.8%	-0.4%	3.9%
Free cash flow yield	1.3%	1.2%	1.0%	0.7%	0.9%	1.1%	1.5%	-0.6%
Earnings yield	0.4%	0.1%	0.6%	1.0%	-0.0%	-1.4%	-0.1%	0.9%
Enterprise value	₹93.1B	₹124.4B	₹140.9B	₹120.6B	₹85B	₹81.2B	₹59.9B	₹46.1B
Net debt / EBITDA	4.35×	4.91×	4.09×	3.56×	4.77×	10.03×	4.58×	1.69×
Cash conversion cycle (days)	-45	-47	-41	-40	-48	-84	-37	-30