Aastamangalam Finance Ltd (AASTAFIN.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

+1673.6%

₹478.88

vs ₹27.00 price

Levered DCF

-₹2,272.41

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	5.3×	5.67×	9.85×	8.82×	48.88×	9.88×	263.76×	8.38×
P/B	0.6×	0.36×	1.05×	0.49×	0.41×	0.34×	0.57×	0.4×
P/S	2.91×	1.76×	5.67×	3.42×	4.63×	7.73×	5.93×	5.04×
EV / EBITDA	6.13×	6.55×	15.11×	34.54×	21.35×	8.52×	65.39×	3.92×
Gross margin	76.6%	84.3%	75.9%	63.0%	87.3%	78.2%	89.4%	90.6%
Operating margin	72.1%	78.9%	70.9%	54.9%	65.1%	38.2%	8.8%	60.1%
Net margin	55.0%	54.2%	51.6%	43.3%	9.5%	78.3%	2.2%	41.3%
Current ratio	68.79×	457.82×	37.46×	242.24×	241×	311.74×	158.23×	154.83×
Debt / equity	0.6×	0.6×	1.07×	3.07×	0×	0×	0×	0×
Interest coverage	0×	5.33×	123.75×	1.56×	82×	0×	68.4×	0×
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	11.3%	11.2%	9.6%	6.1%	0.9%	3.4%	0.2%	3.2%
Return on invested capital	6.6%	7.8%	2.4%	1.4%	2.8%	1.5%	0.2%	3.2%
Return on assets	6.8%	6.8%	4.5%	2.4%	0.8%	3.4%	0.2%	3.2%
Free cash flow yield	35.2%	-124.9%	-60.3%	-236.9%	-1.2%	1.5%	-36.2%	20.0%
Earnings yield	18.9%	30.7%	9.1%	12.6%	2.1%	10.1%	0.4%	8.2%
Enterprise value	₹781.4M	₹686.6M	₹735.8M	₹666.7M	₹57.7M	₹46.1M	₹75.6M	₹24.9M
Net debt / EBITDA	2.2×	3.98×	6.99×	28.6×	-0.26×	-0.26×	-0.61×	-4.45×
Cash conversion cycle (days)	2,475	2,841	-429	4,664	3,922	0	0	3,671