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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
-325.2%
-₹134.57
vs ₹59.77 price
Levered DCF
-₹144.08
After debt service
Piotroski score
—
Altman Z-score
—
Rating
B
Overall 3 / 5
Ratios by fiscal year

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

MetricFY2025FY2024
P/E22.76×38.85×
P/B2.56×4.43×
P/S0.88×1.61×
EV / EBITDA13.15×22.97×
Gross margin23.3%13.2%
Operating margin6.1%6.9%
Net margin3.9%4.1%
Current ratio1.64×1.83×
Debt / equity0.39×0.48×
Interest coverage4.48×6.83×
Dividend yield0.0%0.0%
Payout ratio0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity11.2%11.4%
Return on invested capital9.6%8.7%
Return on assets6.4%6.7%
Free cash flow yield2.7%-11.5%
Earnings yield4.4%2.6%
Enterprise value₹42.2B₹62.2B
Net debt / EBITDA1.72×2.24×
Cash conversion cycle (days)91106