Brand Concepts Limited (BCONCEPTS.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

-164.1%

-₹86.99

vs ₹135.62 price

Levered DCF

-₹736.91

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	229.6×	74.36×	70.46×	23.04×	116.25×	-4.84×	-18.81×	28.57×
P/B	3.02×	4.51×	13.74×	8.15×	4.05×	1.73×	0.83×	2.91×
P/S	0.72×	1.32×	3.06×	1.38×	0.86×	0.71×	0.29×	0.93×
EV / EBITDA	14.81×	16.3×	30.94×	12.95×	13.16×	-70.14×	13.5×	12.46×
Gross margin	37.8%	50.3%	49.3%	35.8%	45.8%	43.9%	54.4%	51.4%
Operating margin	4.5%	39.7%	8.6%	34.8%	6.2%	-10.3%	4.0%	8.7%
Net margin	0.3%	2.4%	4.3%	6.0%	0.7%	-14.7%	-1.6%	3.3%
Current ratio	1.14×	1.32×	1.4×	1.39×	1.3×	1.32×	1.48×	1.5×
Debt / equity	2.2×	1.55×	1.13×	1.27×	1.77×	1.96×	1.26×	0.9×
Interest coverage	0.97×	10.57×	3.42×	11.65×	1.11×	-0.82×	0.65×	2.1×
Dividend yield	0.0%	0.0%	0.1%	0.2%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	4.9%	5.4%	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	1.3%	8.3%	19.5%	35.4%	3.5%	-35.7%	-4.4%	10.2%
Return on invested capital	5.8%	43.2%	11.8%	64.6%	7.1%	-6.2%	4.5%	10.0%
Return on assets	0.3%	2.7%	6.8%	10.3%	0.8%	-8.4%	-1.3%	3.4%
Free cash flow yield	-16.2%	-8.8%	-5.0%	1.2%	10.4%	-5.4%	24.8%	3.6%
Earnings yield	0.4%	1.8%	1.4%	4.3%	0.9%	-20.7%	-5.3%	3.5%
Enterprise value	₹4.2B	₹4.7B	₹8.3B	₹2.6B	₹1.1B	₹630M	₹518.8M	₹995.1M
Net debt / EBITDA	6.12×	3.95×	2.34×	1.72×	3.97×	-36.21×	8.06×	2.92×
Cash conversion cycle (days)	200	159	143	109	163	328	233	214