ZIM Laboratories Limited (ZIMLAB.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

-129.3%

-₹40.68

vs ₹138.75 price

Levered DCF

-₹38.23

After debt service

Piotroski score

4 / 9

Average

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	50.64×	33.62×	27.33×	14.42×	37.5×	74.76×	164.9×	35.37×
P/B	1×	1.62×	1.97×	1.76×	3.11×	3.4×	3.54×	3.59×
P/S	0.8×	1.09×	1.28×	0.88×	1.65×	1.78×	2.08×	1.66×
EV / EBITDA	15.48×	10.6×	12.61×	7×	13.17×	17.64×	24.59×	14.7×
Gross margin	16.7%	19.5%	50.6%	22.7%	50.5%	48.2%	44.6%	50.9%
Operating margin	1.5%	5.4%	29.9%	7.8%	6.8%	8.0%	3.9%	9.7%
Net margin	1.6%	3.3%	4.7%	6.1%	4.4%	2.4%	1.3%	4.7%
Current ratio	1.45×	1.39×	1.43×	1.72×	1.45×	1.35×	1.27×	1.25×
Debt / equity	0.43×	0.47×	0.47×	0.31×	0.3×	0.51×	0.6×	0.51×
Interest coverage	0.44×	1.76×	15.86×	5.57×	2.74×	2.27×	0.82×	3.03×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%
Payout ratio	1.0%	0.5%	0.3%	0.2%	1.2%	0.3%	22.6%	5.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.0%	4.8%	7.2%	12.2%	8.3%	4.6%	2.1%	10.2%
Return on invested capital	0.9%	3.6%	22.2%	8.0%	6.8%	7.3%	4.2%	9.6%
Return on assets	1.1%	2.6%	3.9%	7.2%	4.3%	2.3%	1.0%	4.7%
Free cash flow yield	-2.6%	0.1%	-12.2%	0.4%	6.2%	4.6%	0.6%	2.7%
Earnings yield	2.0%	3.0%	3.7%	6.9%	2.7%	1.3%	0.6%	2.8%
Enterprise value	₹4B	₹5.2B	₹5.7B	₹4.1B	₹6B	₹6.3B	₹6.3B	₹6.2B
Net debt / EBITDA	3.95×	2.34×	2.24×	0.95×	1.1×	2.28×	3.51×	1.82×
Cash conversion cycle (days)	133	125	141	85	95	73	77	66