Atharv Enterprises Limited (ATHARVENT.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

-1479.9%

-₹61.82

vs ₹4.48 price

Levered DCF

₹116.75

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.01

Distress zone

Rating

A-

Overall 4 / 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	34×	26.27×	21.45×	43.01×	127.23×	319.05×	162.5×	148×
P/B	0.31×	0.25×	0.2×	0.24×	0.25×	0.06×	0.03×	0.16×
P/S	1.65×	18.44×	0.36×	1.98×	6.55×	4.88×	1.75×	4.56×
EV / EBITDA	16.34×	17.44×	17.64×	23.23×	55.98×	12.02×	10.98×	24.03×
Gross margin	38.9%	17.5%	26.0%	67.4%	100.0%	100.0%	100.0%	42.2%
Operating margin	7.4%	103.6%	1.8%	6.5%	15.3%	36.4%	-137.7%	81.7%
Net margin	4.8%	72.3%	1.7%	4.6%	5.1%	1.6%	1.1%	3.1%
Current ratio	0.68×	0.81×	1.78×	2.35×	2.36×	246.54×	23.51×	36.11×
Debt / equity	0.02×	0.04×	0.01×	0.02×	0.09×	0.04×	0.04×	0.03×
Interest coverage	7.43×	14.31×	10.62×	3.61×	1.83×	1.06×	-5.85×	6.69×
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	0.9%	1.0%	0.9%	0.6%	0.2%	0.0%	0.0%	0.1%
Return on invested capital	1.0%	1.0%	0.7%	0.6%	0.4%	0.3%	-1.9%	2.1%
Return on assets	0.4%	0.5%	0.6%	0.4%	0.2%	0.0%	0.0%	0.1%
Free cash flow yield	115.5%	40.8%	-51.8%	68.0%	41.1%	-43.4%	-101.0%	-95.3%
Earnings yield	2.9%	3.9%	4.6%	2.3%	0.8%	0.3%	0.6%	0.7%
Enterprise value	₹66.9M	₹56.5M	₹42.2M	₹49.6M	₹64.3M	₹12.1M	₹14.1M	₹37.7M
Net debt / EBITDA	0.81×	2.27×	0.85×	1.4×	13.81×	0.67×	5.81×	3.99×
Cash conversion cycle (days)	-2,863	-16,670	-223	-4,470	749	5,996	216	410