360 One Wam Limited (360ONE.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

+217.2%

₹3,384.15

vs ₹1,066.80 price

Levered DCF

-₹3,050.00

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.82

Grey zone

Rating

Overall 3 / 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	31.49×	32.72×	31×	23.27×	25.52×	29.34×	43.06×	28.46×
P/B	3.89×	4.89×	7.23×	4.9×	4.88×	3.83×	2.89×	3.66×
P/S	8.55×	13.12×	12.43×	9.29×	9.86×	9.45×	7.31×	7.63×
EV / EBITDA	30.9×	19.6×	19.91×	16.75×	17.15×	16.2×	20.22×	16.86×
Gross margin	66.8%	67.8%	55.8%	66.8%	51.0%	54.7%	58.8%	72.1%
Operating margin	35.4%	48.7%	36.7%	50.7%	35.2%	35.6%	40.0%	60.9%
Net margin	27.2%	38.5%	40.1%	39.9%	38.7%	32.2%	17.0%	26.8%
Current ratio	13.02×	1.48×	2.33×	0.93×	1.52×	2.51×	2.27×	1.89×
Debt / equity	1.61×	1.58×	2.71×	2.17×	1.84×	1.68×	2.97×	2.1×
Interest coverage	1.45×	1.46×	1.16×	2.13×	1.45×	1.01×	0.96×	2×
Dividend yield	1.3%	0.6%	2.4%	4.0%	3.3%	5.7%	2.4%	0.8%
Payout ratio	39.4%	21.3%	73.4%	93.2%	84.1%	165.9%	104.2%	22.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.4%	14.4%	23.3%	21.1%	19.1%	13.1%	6.7%	12.9%
Return on invested capital	4.7%	5.1%	2.6%	6.4%	4.6%	3.8%	2.7%	6.4%
Return on assets	4.5%	5.1%	5.3%	5.9%	5.4%	4.2%	1.5%	3.8%
Free cash flow yield	-1.3%	-7.1%	-2.3%	-9.1%	6.2%	3.6%	20.2%	15.4%
Earnings yield	3.2%	2.9%	3.2%	4.3%	3.9%	3.4%	2.3%	3.5%
Enterprise value	₹535.2B	₹450B	₹338.4B	₹215.8B	₹198.2B	₹151.3B	₹165.9B	₹166.1B
Net debt / EBITDA	8.79×	4.54×	5.24×	4.87×	4.4×	4.61×	9.67×	6.04×
Cash conversion cycle (days)	912	-26	1	149	880	2,528	2,698	1,110