Yash Chemex Limited (YASHCHEM.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

-514.1%

-₹214.31

vs ₹51.75 price

Levered DCF

-₹313.43

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 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	27.96×	23.94×	-223.63×	25.53×	23.87×	22.34×	30.15×	39.44×
P/B	1.38×	1.3×	1.72×	2.44×	2.35×	1.88×	3.48×	5.27×
P/S	0.39×	0.52×	0.64×	0.84×	0.62×	0.75×	0.92×	0.91×
EV / EBITDA	59.12×	11×	54.14×	17.86×	14.65×	11.06×	17.1×	23.23×
Gross margin	1.8%	4.3%	3.3%	1.8%	5.9%	8.1%	6.5%	5.8%
Operating margin	0.8%	3.4%	-0.1%	-0.2%	3.7%	5.1%	4.3%	3.4%
Net margin	1.4%	2.2%	-0.3%	3.3%	2.6%	3.4%	3.0%	2.3%
Current ratio	2.35×	2.72×	3.09×	1.85×	1.7×	1.75×	1.89×	1.72×
Debt / equity	0.37×	0.32×	0.28×	0.36×	0.39×	0.27×	0.11×	0.09×
Interest coverage	0.82×	2.05×	-0.08×	-0.12×	4.15×	4.57×	17.63×	32.21×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	8.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	5.5%	-0.8%	9.6%	9.8%	8.4%	11.5%	13.4%
Return on invested capital	1.1%	3.3%	0.9%	-0.2%	5.9%	5.3%	8.2%	9.0%
Return on assets	2.1%	2.4%	-0.4%	4.1%	3.7%	3.2%	4.3%	4.5%
Free cash flow yield	-3.1%	-4.9%	-29.2%	2.0%	-5.7%	0.9%	0.2%	-0.9%
Earnings yield	3.6%	4.2%	-0.4%	3.9%	4.2%	4.5%	3.3%	2.5%
Enterprise value	₹716.5M	₹609.1M	₹708.8M	₹819.1M	₹702.9M	₹483.9M	₹738.1M	₹914.8M
Net debt / EBITDA	12.5×	2.13×	7.4×	2.29×	2.06×	1.33×	0.43×	0.25×
Cash conversion cycle (days)	148	203	187	131	104	140	63	58