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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
-0.3%
₹73.64
vs ₹73.83 price
Levered DCF
₹74.87
After debt service
Piotroski score
5 / 9
Average
Altman Z-score
—
Rating
C
Overall 2 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024
P/E62.45×323.78×
P/B7.56×15.17×
P/S1.27×2.48×
EV / EBITDA9.86×18.49×
Gross margin38.8%30.6%
Operating margin6.5%6.7%
Net margin2.0%0.8%
Current ratio1.07×0.96×
Debt / equity2.14×2.3×
Interest coverage1.51×1.27×
Dividend yield0.0%0.0%
Payout ratio0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity12.1%4.7%
Return on invested capital8.0%7.4%
Return on assets2.0%0.7%
Free cash flow yield7.2%4.0%
Earnings yield1.6%0.3%
Enterprise value₹136.1B₹222.4B
Net debt / EBITDA2.12×2.39×
Cash conversion cycle (days)5773