Binayak Tex Processors Limited (ZBINTXPP.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

-155.8%

-₹891.73

vs ₹1,597.80 price

Levered DCF

₹1,475.65

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	58.41×	48.7×	10.2×	8.76×	9.48×	10.41×	7.78×	12.6×
P/B	1.47×	1.41×	0.61×	0.53×	0.57×	0.6×	0.44×	0.45×
P/S	0.58×	0.61×	0.28×	0.18×	0.19×	0.24×	0.18×	0.18×
EV / EBITDA	12.67×	11.8×	7.01×	6.21×	21.21×	8.84×	37.89×	8.82×
Gross margin	34.5%	40.6%	23.7%	16.5%	14.0%	15.3%	14.8%	14.4%
Operating margin	4.1%	36.3%	4.8%	1.2%	32.1%	2.4%	-0.5%	0.1%
Net margin	1.0%	1.2%	2.7%	2.1%	2.0%	2.3%	2.3%	1.4%
Current ratio	1.19×	1.09×	1.1×	1.1×	1.17×	1.16×	1.27×	1.33×
Debt / equity	0.45×	0.54×	0.67×	0.59×	0.62×	0.65×	0.53×	0.47×
Interest coverage	2.09×	13.66×	2.17×	0.7×	28.51×	1.79×	-0.3×	0.07×
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	2.5%	2.9%	6.0%	6.0%	6.1%	5.8%	5.6%	3.6%
Return on invested capital	4.1%	32.4%	4.1%	1.3%	40.3%	2.6%	-0.6%	0.2%
Return on assets	1.1%	1.3%	2.7%	2.6%	2.7%	2.5%	2.8%	1.8%
Free cash flow yield	4.7%	7.4%	-3.1%	2.3%	21.9%	10.2%	-26.1%	-0.7%
Earnings yield	1.7%	2.1%	9.8%	11.4%	10.5%	9.6%	12.9%	7.9%
Enterprise value	₹1.8B	₹1.8B	₹1.2B	₹982.9M	₹984.1M	₹966.8M	₹701.7M	₹633.4M
Net debt / EBITDA	2.61×	2.98×	3.66×	3.29×	11.02×	4.59×	20.65×	4.53×
Cash conversion cycle (days)	41	51	89	79	85	95	94	96