Yasho Industries Limited (YASHO.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

-163.0%

-₹2,138.41

vs ₹3,393.10 price

Levered DCF

-₹3,381.45

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.67

Safe zone

Rating

B-

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	60.11×	328.49×	32.46×	30.09×	37.92×	90.9×	162.14×	164.23×
P/B	3.42×	4.78×	6.38×	8.58×	11.46×	24.74×	33.95×	42.88×
P/S	1.83×	3×	3.17×	3.06×	3.26×	5.46×	6.57×	5.82×
EV / EBITDA	14.38×	23.58×	22.94×	19.07×	20.92×	35.82×	50.4×	52.55×
Gross margin	24.1%	41.7%	34.8%	37.2%	35.9%	34.0%	21.7%	27.9%
Operating margin	10.7%	32.0%	26.9%	14.3%	12.2%	10.4%	9.9%	8.7%
Net margin	3.0%	0.9%	9.8%	10.2%	8.6%	6.0%	4.1%	3.5%
Current ratio	1.37×	1.39×	1.08×	1.43×	1.29×	1.12×	1.05×	1.12×
Debt / equity	1.26×	1.39×	1.96×	1.36×	1.03×	2.08×	3×	3.36×
Interest coverage	1.59×	3.61×	10.74×	6.13×	5.4×	2.26×	1.88×	1.84×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	2.4%	9.3%	1.0%	0.8%	1.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	1.5%	19.7%	28.5%	30.2%	27.2%	20.9%	26.1%
Return on invested capital	6.2%	14.2%	12.9%	12.1%	15.2%	10.2%	8.7%	9.9%
Return on assets	2.2%	0.6%	5.8%	10.4%	10.8%	7.0%	4.3%	4.7%
Free cash flow yield	1.0%	-2.3%	-13.1%	-6.9%	-2.2%	1.1%	0.0%	1.0%
Earnings yield	1.7%	0.3%	3.1%	3.3%	2.6%	1.1%	0.6%	0.6%
Enterprise value	₹20.6B	₹25.8B	₹24.6B	₹23.7B	₹21.6B	₹21.2B	₹21.2B	₹21B
Net debt / EBITDA	3.77×	5.26×	5.4×	2.61×	1.73×	2.77×	4.08×	3.8×
Cash conversion cycle (days)	176	259	140	165	100	127	150	104