Alfavision Overseas (India) Limited (ALFAVIO.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

-415.8%

-₹31.42

vs ₹9.95 price

Levered DCF

-₹39.37

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

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	327×	338.86×	162.49×	48.73×	20.33×	8.19×	94.1×	107.1×
P/B	1.09×	0.98×	1.07×	0.81×	0.9×	0.9×	0.95×	1.32×
P/S	23.16×	21.63×	14.37×	1.1×	0.23×	0.07×	0.05×	0.09×
EV / EBITDA	1,036.19×	1,098.93×	167.04×	69.37×	29.75×	13.51×	17.8×	16.56×
Gross margin	10.6%	14.6%	44.2%	8.7%	3.2%	3.2%	2.7%	2.7%
Operating margin	7.1%	5.7%	29.5%	7.4%	2.7%	2.2%	2.1%	1.9%
Net margin	7.1%	6.4%	8.8%	2.2%	1.1%	0.8%	0.1%	0.1%
Current ratio	9.97×	24.74×	31.07×	37.92×	1.28×	1.17×	1.24×	1.3×
Debt / equity	3.27×	3.22×	2.96×	3×	3.14×	4.05×	5.82×	3.54×
Interest coverage	0×	43.32×	1.31×	1.46×	1.22×	1.25×	1.09×	1.03×
Dividend yield	0.0%	0.0%	0.0%	0.5%	0.2%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	24.0%	3.1%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.3%	0.3%	0.7%	1.6%	4.4%	11.0%	1.0%	1.2%
Return on invested capital	0.1%	0.1%	0.5%	1.3%	2.5%	5.0%	3.5%	5.7%
Return on assets	0.1%	0.1%	0.2%	0.4%	0.6%	1.3%	0.1%	0.2%
Free cash flow yield	-0.0%	-0.2%	-21.6%	7.5%	-6.6%	-23.1%	-212.2%	-24.1%
Earnings yield	0.3%	0.3%	0.6%	2.0%	4.9%	12.3%	1.1%	0.9%
Enterprise value	₹1.8B	₹1.8B	₹1.7B	₹1.6B	₹1.8B	₹666.5M	₹566.2M	₹399M
Net debt / EBITDA	776.73×	842.65×	122.67×	54.59×	23.09×	11.05×	15.27×	12.02×
Cash conversion cycle (days)	4,978	5,238	3,134	268	102	88	107	124