Antelopus Selan Energy Limited (ANTELOPUS.NS) 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

-115.3%

-₹152.80

vs ₹998.00 price

Levered DCF

-₹341.44

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

11.45

Safe zone

Rating

B+

Overall 3 / 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	22.35×	11.78×	9.45×	11.3×	9.35×	20.57×	16.35×	12.64×
P/B	3.06×	1.96×	1.78×	1.03×	0.8×	0.62×	0.31×	0.92×
P/S	7.18×	3.56×	2.71×	2.23×	2.45×	2.64×	2.1×	3.37×
EV / EBITDA	11.67×	6.64×	8.4×	5.39×	4.65×	4.87×	1.73×	5.53×
Gross margin	49.9%	59.0%	58.5%	55.1%	64.0%	48.4%	-10.6%	44.3%
Operating margin	39.9%	32.6%	33.9%	48.0%	56.7%	41.1%	-19.9%	37.8%
Net margin	32.1%	28.7%	28.7%	19.8%	26.2%	12.9%	12.8%	25.0%
Current ratio	2.75×	7.77×	6.38×	7.87×	30.51×	31.76×	18.06×	18.06×
Debt / equity	0.01×	0.01×	0.01×	0.01×	0.01×	0×	0×	0×
Interest coverage	152.44×	70.11×	227.82×	185.01×	611.65×	249.68×	-57.15×	521.19×
Dividend yield	0.0%	0.0%	0.0%	0.0%	2.6%	3.7%	8.9%	3.3%
Payout ratio	0.0%	0.0%	0.0%	0.0%	24.6%	76.6%	146.9%	44.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.7%	15.7%	18.8%	9.1%	8.6%	3.0%	1.9%	6.8%
Return on invested capital	11.0%	11.6%	14.5%	14.1%	13.9%	6.8%	-2.5%	6.2%
Return on assets	10.9%	12.8%	15.3%	7.7%	8.2%	2.6%	1.6%	5.7%
Free cash flow yield	-4.7%	5.0%	-12.4%	7.5%	-8.2%	15.2%	27.2%	28.3%
Earnings yield	4.5%	8.1%	10.6%	8.8%	10.7%	4.9%	6.1%	7.4%
Enterprise value	₹19.5B	₹9B	₹7B	₹3.7B	₹2.9B	₹1.7B	₹947.6M	₹2.9B
Net debt / EBITDA	-0.29×	-0.14×	0.02×	0.02×	0.05×	-1×	-0.15×	-0.15×
Cash conversion cycle (days)	173	106	80	101	110	113	179	103