Atal Realtech Limited (ATALREAL.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

+211.6%

₹43.87

vs ₹14.08 price

Levered DCF

-₹55.11

After debt service

Piotroski score

2 / 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	20.79×	28.14×	48.43×	56.86×	24.72×	8.25×	9.03×	3.76×
P/B	1.41×	1.48×	2.74×	3.28×	1.59×	0.56×	0.8×	0.32×
P/S	1.12×	1.04×	2.53×	2.87×	1.31×	0.4×	0.38×	0.14×
EV / EBITDA	12.45×	14.13×	21.18×	27.02×	11.24×	5.33×	5.88×	3.81×
Gross margin	10.5%	15.4%	20.9%	12.6%	18.6%	16.8%	15.0%	14.9%
Operating margin	8.4%	12.8%	15.8%	10.6%	11.2%	10.7%	8.5%	8.4%
Net margin	5.4%	3.7%	5.3%	5.1%	5.3%	4.8%	4.1%	3.7%
Current ratio	5.7×	3.69×	2.69×	3.08×	2.67×	2.34×	1.46×	1.45×
Debt / equity	0.14×	0.24×	0.24×	0.32×	0.14×	0.33×	0.57×	0.6×
Interest coverage	6.61×	5.37×	3.8×	3.13×	2.75×	2.41×	2.17×	2.49×
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	6.8%	5.3%	5.7%	5.8%	6.5%	6.7%	8.8%	8.6%
Return on invested capital	6.7%	10.8%	9.2%	6.4%	8.8%	8.2%	8.5%	8.3%
Return on assets	5.5%	4.0%	3.7%	4.2%	4.4%	4.3%	4.2%	4.2%
Free cash flow yield	-33.0%	-15.8%	0.4%	1.6%	-14.6%	-31.0%	-5.6%	45.0%
Earnings yield	4.8%	3.6%	2.1%	1.8%	4.1%	12.0%	10.9%	26.5%
Enterprise value	₹1.4B	₹1.1B	₹1.1B	₹1.3B	₹578.7M	₹277.9M	₹354.3M	₹208.6M
Net debt / EBITDA	0.58×	1.04×	1.69×	1.97×	0.93×	1.97×	2.23×	2.34×
Cash conversion cycle (days)	212	269	446	330	338	142	26	87