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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
-386.4%
-₹26.06
vs ₹9.10 price
Levered DCF
-₹16.58
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
-0.46
Distress zone
Rating
—
Ratios by fiscal year

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

MetricFY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
P/E-5.76×-13.84×-10.86×-2.47×-6.88×-20×14.97×-12.81×
P/B1.09×1.15×5.77×1.23×1.3×2.28×2.34×2.27×
P/S2.15×1.55×2.3×0.38×0.48×2.46×0.79×0.62×
EV / EBITDA-10.33×-50.11×-11.59×-2.62×-7.69×-12.54×7.62×-13.67×
Gross margin-32.9%-4.7%-3.5%-13.3%4.7%-20.3%21.5%7.0%
Operating margin-21.7%-6.2%-24.7%-15.9%-11.5%-24.5%9.8%-4.0%
Net margin-37.3%-11.2%-21.2%-15.3%-6.9%-12.2%5.2%-4.8%
Current ratio0.38×0.65×0.53×0.92×1.12×3.05×3.31×1.49×
Debt / equity0.8×0.74×0.8×0.15×1.05×0×0×0.27×
Interest coverage-1.38×-0.87×-4.42×-2.24×-4.79×-10.4×3.57×-1.88×
Dividend yield0.0%0.0%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%0.0%
Key metrics by fiscal year
MetricFY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on equity-18.9%-8.3%-53.2%-49.9%-18.9%-11.4%15.6%-17.7%
Return on invested capital-4.4%-2.3%-23.5%-26.1%-11.0%-11.2%19.2%-7.5%
Return on assets-8.8%-4.1%-17.4%-8.1%-4.6%-8.0%11.1%-9.1%
Free cash flow yield11.4%-34.7%6.0%135.6%-80.7%2.9%-17.9%-11.9%
Earnings yield-17.4%-7.2%-9.2%-40.6%-14.6%-5.0%6.7%-7.8%
Enterprise value₹1.6B₹1.9B₹2.2B₹271.8M₹716.3M₹843M₹973.4M₹888.1M
Net debt / EBITDA-4.32×-18.86×-1.36×-0.2×-3.41×0.18×-0.02×-1.41×
Cash conversion cycle (days)13117871451841872284