5paisa Capital Limited (5PAISA.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

-79.1%

₹67.59

vs ₹323.05 price

Levered DCF

-₹166.44

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.69

Distress zone

Rating

B-

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	71.79×	17.02×	29.94×	19.63×	73.03×	43.35×	-33.38×	-10.85×
P/B	4.89×	1.93×	3.02×	1.85×	2.68×	4.08×	1.91×	3.89×
P/S	9.92×	5.09×	6.28×	3.62×	4.65×	4.33×	3.1×	3.11×
EV / EBITDA	51.28×	12.99×	21.22×	14.13×	33.91×	25.88×	60.26×	-9.04×
Gross margin	84.1%	41.0%	49.6%	43.8%	60.5%	68.6%	61.5%	52.5%
Operating margin	18.5%	-4.5%	-13.2%	-7.7%	-18.6%	-4.8%	-20.7%	-36.6%
Net margin	13.8%	29.8%	21.0%	18.5%	6.4%	10.0%	-9.3%	-32.7%
Current ratio	29.52×	1.49×	1.34×	1.32×	1.25×	1.18×	1.21×	1.05×
Debt / equity	0.58×	0.72×	1.27×	0.74×	1.49×	3.02×	1.63×	1.99×
Interest coverage	1.82×	-0.57×	-1.41×	-1.12×	-2.02×	-0.4×	-1.29×	-3.27×
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	6.8%	11.3%	10.1%	9.4%	3.7%	9.4%	-5.7%	-40.9%
Return on invested capital	2.4%	-0.9%	-0.9%	-2.2%	-4.6%	-1.3%	-4.0%	-11.4%
Return on assets	2.3%	4.1%	2.7%	2.7%	0.9%	1.7%	-1.3%	-6.7%
Free cash flow yield	-2.5%	7.7%	-6.8%	1.3%	-14.8%	-0.3%	-24.0%	49.3%
Earnings yield	1.4%	5.9%	3.3%	5.1%	1.4%	2.3%	-3.0%	-10.5%
Enterprise value	₹35.1B	₹15.8B	₹22.5B	₹11.8B	₹14.7B	₹10.9B	₹4.7B	₹1.6B
Net debt / EBITDA	4.98×	3.41×	5.82×	3.85×	10.79×	10.77×	26.39×	1.33×
Cash conversion cycle (days)	385	356	502	264	419	356	-536	195