Avio Smart Market Stack Limited (ASMS.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

+509.2%

₹33.20

vs ₹5.45 price

Levered DCF

-₹5.52

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	36.84×	244.33×	361.8×	1.78×	-1.15×
P/B	6.4×	15.81×	20.79×	7.71×	0.87×
P/S	2.1×	11.15×	11.28×	3.72×	0.89×
EV / EBITDA	39.91×	181.35×	802.7×	1.2×	217.95×
Gross margin	8.3%	9.6%	9.2%	11.2%	84.8%
Operating margin	4.5%	-0.8%	1.1%	-4.2%	2.1%
Net margin	5.7%	4.4%	2.8%	209.4%	-76.7%
Current ratio	1.07×	1.26×	4.69×	3.61×	0.79×
Debt / equity	0.26×	0.01×	0×	0×	18.05×
Interest coverage	59.6×	-42.37×	0×	-0.08×	0.03×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	17.4%	6.2%	5.2%	433.8%	-75.7%
Return on invested capital	10.7%	-0.8%	2.0%	-7.4%	0.1%
Return on assets	8.7%	5.4%	4.6%	396.4%	-3.1%
Free cash flow yield	-0.2%	-0.5%	-0.1%	-4.7%	6.9%
Earnings yield	2.7%	0.4%	0.3%	56.3%	-86.6%
Enterprise value	₹2.3B	₹4.5B	₹5.5B	₹1.9B	₹12.6B
Net debt / EBITDA	1.32×	-0.57×	-6.49×	-0.02×	207.89×
Cash conversion cycle (days)	10	7	-0	26	-1,095