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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
-38318.3%
-₹783.48
vs ₹2.05 price
Levered DCF
₹1,329.71
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
—
Rating
—
Ratios by fiscal year

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

MetricFY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
P/E-0.56×-2.45×-0.19×-0.08×-0.08×-0.1×-0.08×-0.06×
P/B-0.06×-0.16×-0.02×-0.01×-0.01×-0.04×-0.08×-2.09×
P/S0.07×0.19×0.04×0.01×0.02×0.1×1.12×0.02×
EV / EBITDA-18.29×-283.82×-92.82×59.14×-27.43×-15.95×-5.18×-7.67×
Gross margin-18.7%-10.2%-22.4%4.2%-12.1%-37.2%-1181.7%-8.4%
Operating margin-12.9%-7.0%-16.6%-7.3%-26.8%-67.4%-1253.3%-23.2%
Net margin-13.0%-7.6%-22.0%-13.9%-23.5%-99.2%-1358.8%-37.2%
Current ratio0.35×0.38×0.4×0.44×0.53×0.59×0.73×1×
Debt / equity-1.25×-1.45×-1.59×-1.82×-2.09×-2.53×-4.02×-124.1×
Interest coverage-867.13×-9.88×-3.07×-0.89×-39.62×-2×-18.29×-1.65×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on equity11.2%6.6%10.3%11.4%15.8%37.0%96.8%3541.7%
Return on invested capital-43.2%-13.2%-13.1%-7.3%-16.4%-16.4%-29.4%-17.9%
Return on assets-8.3%-4.2%-6.2%-5.9%-6.5%-12.2%-18.5%-18.8%
Free cash flow yield63.9%25.1%893.4%3755.0%1968.4%588.8%300.0%217.1%
Earnings yield-179.5%-40.9%-536.5%-1330.0%-1308.0%-988.5%-1212.0%-1696.5%
Enterprise value₹11.6B₹12.7B₹11.8B₹12B₹12.3B₹12.6B₹12.6B₹12.6B
Net debt / EBITDA-17.42×-255.5×-91.71×58.86×-27.27×-15.72×-5.08×-7.54×
Cash conversion cycle (days)55491891272114915,984229