Apollo Finvest (India) Limited (APOLLOFI.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

-48.5%

₹235.59

vs ₹457.55 price

Levered DCF

-₹79.85

After debt service

Piotroski score

3 / 9

Weak

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	18.75×	30.88×	47.23×	20.96×	23.42×	29.94×	17.88×	15.35×
P/B	1.76×	3.31×	6.29×	4.06×	7.12×	4.21×	4.75×	1.25×
P/S	6.85×	7.33×	18.33×	4.82×	4.26×	8.33×	4.23×	8.47×
EV / EBITDA	10.41×	22.2×	35.95×	14.2×	18.25×	20.54×	11.74×	13.19×
Gross margin	68.1%	56.9%	83.6%	35.9%	27.0%	41.7%	43.1%	63.5%
Operating margin	54.4%	44.0%	73.0%	27.5%	20.7%	32.2%	34.7%	66.0%
Net margin	36.5%	23.7%	38.8%	23.0%	18.2%	27.8%	23.7%	55.1%
Current ratio	20.81×	3.92×	4.97×	3.15×	1.48×	1.64×	1.36×	1.6×
Debt / equity	0.22×	0.4×	0×	0×	0.48×	0.04×	0.16×	0.29×
Interest coverage	4.16×	70.07×	0×	1,542.54×	3,025.29×	365.28×	9.4×	8.32×
Dividend yield	0.0%	0.0%	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%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.4%	10.7%	13.3%	19.4%	30.4%	14.1%	26.5%	8.2%
Return on invested capital	6.8%	10.4%	19.7%	16.0%	20.9%	11.9%	24.3%	6.5%
Return on assets	6.6%	6.7%	11.0%	13.7%	11.8%	6.8%	10.1%	5.1%
Free cash flow yield	21.1%	-12.1%	-9.5%	11.4%	-4.0%	5.0%	21.8%	-10.5%
Earnings yield	5.3%	3.2%	2.1%	4.8%	4.3%	3.3%	5.6%	6.5%
Enterprise value	₹1.4B	₹2.4B	₹3.7B	₹2.1B	₹3.2B	₹1.2B	₹1.2B	₹276.1M
Net debt / EBITDA	0.95×	1.81×	-0.58×	-0.03×	0.99×	-0.49×	0.25×	2.14×
Cash conversion cycle (days)	752	-20	701	131	454	1,932	-18	2,181