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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
-114.5%
-₹0.71
vs ₹4.94 price
Levered DCF
-₹4.18
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
0.32
Distress zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E-3.91×-8.59×-61.75×645.33×17.09×-26.02×-27.93×
P/B0.45×0.98×1.29×1.84×1.16×1.25×1.17×
P/S0×0×12.48×25.06×7.91×0×0×
EV / EBITDA-16.32×-25.7×44.68×51.53×18.33×-346.54×-171.94×
Gross margin0.0%0.0%100.0%100.0%100.0%0.0%0.0%
Operating margin0.0%0.0%67.2%89.7%94.5%0.0%0.0%
Net margin0.0%0.0%-20.2%3.9%46.3%0.0%0.0%
Current ratio1.58×1.39×2.34×0.76×1.61×1.91×1.63×
Debt / equity0.55×0.51×0.47×1.19×1.27×0.66×0.47×
Interest coverage-1.16×-0.63×1.12×1.15×2.16×-0.05×-0.11×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity-11.5%-11.4%-2.1%0.3%6.8%-4.8%-4.2%
Return on invested capital-4.0%-2.3%4.3%3.0%6.1%-0.1%-0.3%
Return on assets-4.0%-3.6%-1.3%0.1%2.3%-2.0%-1.9%
Free cash flow yield-27.9%6.5%-27.8%31.6%30.3%-15.9%4.5%
Earnings yield-25.5%-11.6%-1.6%0.2%5.9%-3.8%-3.6%
Enterprise value₹57.9M₹97.2M₹127.7M₹224.3M₹179.7M₹131.3M₹118.5M
Net debt / EBITDA-8.85×-8.84×11.79×20.23×9.57×-119.97×-48.79×
Cash conversion cycle (days)000011000