Bharat Global Developers Ltd (BGDL.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

-72.7%

₹21.05

vs ₹77.02 price

Levered DCF

-₹3.10

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

2.03

Grey zone

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-7,878×	772.78×	7×	427.02×	380.23×	134.58×	310.79×	117.14×
P/B	5.08×	65.02×	0.23×	1.68×	1.47×	1.79×	1.91×	1.85×
P/S	37.02×	18.51×	0.91×	0×	0×	0×	0×	0×
EV / EBITDA	-977.09×	572.98×	5.72×	-118.62×	-132.92×	-207.38×	-102.3×	-66.18×
Gross margin	4.5%	3.5%	23.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	-4.6%	1.0%	18.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net margin	-0.5%	2.4%	12.9%	0.0%	0.0%	0.0%	0.0%	0.0%
Current ratio	1.62×	1.58×	2.51×	0.02×	0.02×	0.02×	0.03×	0.02×
Debt / equity	0.43×	0.46×	0.04×	7.87×	7.96×	7.99×	8.09×	8.14×
Interest coverage	0×	0×	0×	-1,396.01×	-589.61×	-1,605.81×	-432.67×	-2,776.95×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.1%	8.4%	3.3%	0.4%	0.4%	1.3%	0.6%	1.6%
Return on invested capital	-0.4%	1.9%	3.2%	-0.7%	-0.6%	-0.4%	-0.8%	-1.2%
Return on assets	-0.0%	3.1%	2.0%	0.0%	0.0%	0.1%	0.1%	0.2%
Free cash flow yield	0.0%	-1.3%	-414.5%	-2.5%	0.4%	1.3%	-0.9%	2.5%
Earnings yield	-0.0%	0.1%	14.3%	0.2%	0.3%	0.7%	0.3%	0.9%
Enterprise value	₹10.5B	₹124.6B	₹266M	₹49M	₹47.7M	₹49.3M	₹49.9M	₹49.5M
Net debt / EBITDA	-75.22×	4×	0.71×	-97.86×	-112.21×	-169.35×	-82.79×	-53.9×
Cash conversion cycle (days)	2,455	150	1,756	-13,485	0	0	0	0