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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
-46.0%
₹799.98
vs ₹1,482.00 price
Levered DCF
₹758.83
After debt service
Piotroski score
—
Altman Z-score
—
Rating
A-
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024
P/E21.18×26.09×
P/B3.59×4.5×
P/S4.69×5.34×
EV / EBITDA14.44×17.64×
Gross margin44.6%32.2%
Operating margin28.3%26.3%
Net margin22.1%20.5%
Current ratio5.21×4.97×
Debt / equity0.02×0.02×
Interest coverage134.39×258.41×
Dividend yield0.5%0.0%
Payout ratio10.9%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity16.9%17.2%
Return on invested capital15.6%15.7%
Return on assets14.2%14.2%
Free cash flow yield2.2%1.9%
Earnings yield4.7%3.8%
Enterprise value₹120.1B₹126.5B
Net debt / EBITDA0.07×-0.02×
Cash conversion cycle (days)236220