Winsome Breweries Limited (WINSOMBR.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

-77.7%

₹3.87

vs ₹17.31 price

Levered DCF

-₹7.51

After debt service

Piotroski score

1 / 9

Weak

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-33.22×	616.32×	110.24×	-37.59×	-25.18×	-5.98×	-8.6×	-12×
P/B	1.53×	2.7×	1.88×	0.9×	1.02×	0.3×	0.19×	0.3×
P/S	72.21×	53.65×	46.29×	48.91×	4.2×	1.79×	0.8×	3.82×
EV / EBITDA	53.82×	83.24×	-68.4×	135.2×	-50.95×	-19.27×	27.28×	-22.76×
Gross margin	-196.4%	-105.9%	100.0%	-244.5%	-1.4%	0.1%	-22.5%	0.0%
Operating margin	-391.3%	-105.9%	33.8%	-509.1%	-74.5%	-193.8%	-92.6%	-140.7%
Net margin	-227.8%	8.7%	41.1%	-131.4%	-16.8%	-30.1%	-9.4%	-31.9%
Current ratio	1.69×	1.87×	1.88×	1.62×	1.62×	1.36×	1.42×	1.67×
Debt / equity	0.31×	0.27×	0.27×	0.27×	0.24×	0.24×	0.26×	0.25×
Interest coverage	-670.33×	-195.68×	161.1×	-826.16×	-188.05×	-118.66×	-50.51×	-19.39×
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	-4.8%	0.4%	1.7%	-2.4%	-4.1%	-5.1%	-2.2%	-2.5%
Return on invested capital	-6.2%	-2.3%	0.9%	-6.0%	-11.2%	-19.4%	-15.6%	-4.2%
Return on assets	-3.0%	0.3%	1.1%	-1.6%	-2.7%	-3.0%	-1.3%	-1.6%
Free cash flow yield	-2.7%	-3.3%	-1.9%	-9.4%	-14.0%	-2.4%	-71.4%	-24.7%
Earnings yield	-3.2%	0.2%	0.9%	-2.7%	-4.0%	-16.8%	-11.7%	-8.3%
Enterprise value	₹528.8M	₹1B	₹709M	₹390M	₹427.6M	₹185.8M	₹166.3M	₹211.1M
Net debt / EBITDA	3.46×	6.75×	-6.61×	30.66×	-9.45×	-8.11×	15.57×	-10.26×
Cash conversion cycle (days)	10,183	3,869	5,174	11,643	988	1,142	842	-253