Alkosign Ltd. (ALKOSIGN.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

-810.8%

-₹447.79

vs ₹63.00 price

Levered DCF

-₹476.52

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.2

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	-11.5×	18.53×	147.32×	-269.05×	-94.17×	186.01×
P/B	1.94×	2.12×	3.94×	10.12×	10.27×	182.72×
P/S	2.05×	1.36×	3.22×	5.76×	12.75×	9.29×
EV / EBITDA	16.82×	9.74×	25.53×	46.35×	150.09×	100.58×
Gross margin	15.6%	25.2%	14.8%	12.3%	3.6%	24.8%
Operating margin	6.9%	10.5%	5.8%	4.1%	-7.6%	9.1%
Net margin	-17.8%	7.3%	2.2%	-2.1%	-13.6%	5.0%
Current ratio	2.24×	2.54×	2.21×	1×	1.24×	0.57×
Debt / equity	0.47×	0.38×	0.47×	1.68×	1.27×	30.49×
Interest coverage	3.8×	4.96×	1.23×	0.58×	-0.92×	3.86×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	-16.9%	11.4%	2.7%	-3.7%	-10.9%	98.5%
Return on invested capital	3.6%	9.7%	4.8%	2.7%	-2.4%	4.1%
Return on assets	-10.6%	7.4%	1.6%	-1.3%	-4.7%	2.8%
Free cash flow yield	-1.4%	-1.3%	-2.2%	-7.3%	-2.6%	-16.5%
Earnings yield	-8.7%	5.4%	0.7%	-0.4%	-1.1%	0.5%
Enterprise value	₹625.1M	₹791.4M	₹1.2B	₹1.4B	₹1.4B	₹1.4B
Net debt / EBITDA	2.09×	1.14×	1.52×	6.35×	11.33×	14.32×
Cash conversion cycle (days)	296	210	214	239	246	151