3i Infotech Limited (3IINFOLTD.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

-212.2%

-₹21.40

vs ₹19.07 price

Levered DCF

₹4.71

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.99

Grey zone

Rating

A-

Overall 4 / 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	7.52×	13.79×	-2.3×	319.66×	-14.12×	2.92×	2.95×	8.66×
P/B	0.7×	1.14×	2.34×	0.68×	1.16×	1.52×	0.51×	1.8×
P/S	0.38×	0.48×	0.84×	0.6×	1.2×	1.88×	0.29×	0.52×
EV / EBITDA	-13.92×	7.62×	-3.02×	13.07×	-27.31×	1.62×	16.31×	5.91×
Gross margin	5.4%	10.8%	11.1%	3.9%	14.4%	11.6%	11.2%	26.7%
Operating margin	-5.4%	-0.9%	-8.1%	-8.0%	-4.9%	-7.8%	4.4%	12.6%
Net margin	5.1%	3.5%	-36.6%	0.2%	-8.5%	64.3%	8.8%	6.0%
Current ratio	1.13×	1.18×	1.09×	1.32×	3.02×	5.57×	1.68×	1.6×
Debt / equity	0.16×	0.21×	0.29×	0.15×	0.17×	0.18×	2.31×	1.6×
Interest coverage	-9.36×	-0.9×	-7.21×	-6.27×	-3.19×	-0.61×	0.34×	1.68×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.0%	1.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.3%	8.3%	-101.6%	0.2%	-8.2%	52.0%	15.7%	20.8%
Return on invested capital	-6.4%	-1.7%	-15.8%	-2.4%	-3.9%	-3.2%	2.3%	9.8%
Return on assets	5.4%	4.4%	-44.9%	0.1%	-6.0%	26.3%	4.0%	4.5%
Free cash flow yield	-16.4%	11.4%	8.7%	8.1%	-7.5%	6.9%	84.5%	21.7%
Earnings yield	13.3%	7.2%	-43.5%	0.3%	-7.1%	34.3%	30.8%	11.6%
Enterprise value	₹2.5B	₹3.6B	₹7.4B	₹4.8B	₹8B	₹6B	₹10.1B	₹10B
Net debt / EBITDA	0.89×	0.18×	-0.24×	1.06×	0.31×	-1.44×	13.1×	2.47×
Cash conversion cycle (days)	-1	12	53	70	51	-32	169	91