Avonmore Capital & Management Services Limited (AVONMORE.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

+258.2%

₹44.85

vs ₹12.52 price

Levered DCF

₹24.39

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	36.21×	15.01×	16.45×	1.25×	5.87×	8.74×	10.05×	19.32×
P/B	0.74×	1.15×	0.68×	0.48×	0.86×	1.1×	1.18×	1.41×
P/S	1.64×	2.42×	1.71×	0.64×	2.26×	3.24×	2.77×	2.51×
EV / EBITDA	8.74×	8.03×	7.8×	0.89×	3.39×	5.41×	9.13×	12.27×
Gross margin	43.8%	35.7%	32.3%	74.5%	38.6%	28.8%	32.2%	54.8%
Operating margin	4.5%	19.7%	14.5%	67.7%	25.0%	20.2%	7.9%	9.9%
Net margin	4.5%	16.3%	10.4%	55.0%	41.1%	37.1%	25.2%	13.0%
Current ratio	2.31×	4.24×	2.98×	6.05×	3.77×	3.91×	4.89×	3.64×
Debt / equity	0.06×	0.06×	0.07×	0.1×	0.09×	0.12×	0.18×	0.17×
Interest coverage	3.4×	14.24×	7.15×	45.73×	4.56×	8.22×	3.15×	5.67×
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	2.0%	7.8%	4.1%	41.5%	15.7%	12.6%	10.7%	7.3%
Return on invested capital	1.1%	5.7%	2.3%	29.5%	5.2%	3.9%	2.0%	3.2%
Return on assets	1.4%	5.0%	2.4%	26.1%	8.7%	7.1%	5.9%	3.8%
Free cash flow yield	-0.4%	1.4%	17.5%	11.2%	-3.7%	-2.0%	7.9%	7.6%
Earnings yield	2.8%	6.8%	6.1%	85.7%	18.2%	11.5%	9.1%	5.2%
Enterprise value	₹3B	₹4.2B	₹2.1B	₹1.4B	₹1.7B	₹1.9B	₹1.8B	₹2B
Net debt / EBITDA	0.47×	-0.19×	0.35×	0.04×	-0.07×	0.07×	0.1×	0.59×
Cash conversion cycle (days)	248	301	34	454	23	80	-94	286