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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
-48.2%
₹54.96
vs ₹106.00 price
Levered DCF
₹164.12
After debt service
Piotroski score
—
Altman Z-score
—
Rating
A
Overall 4 / 5
Ratios by fiscal year

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

MetricFY2025FY2024
P/E26.49×40.63×
P/B2.08×2.7×
P/S1.96×2.49×
EV / EBITDA14.43×18.06×
Gross margin43.0%47.0%
Operating margin9.2%7.9%
Net margin7.4%6.1%
Current ratio3.62×3.56×
Debt / equity0.02×0.04×
Interest coverage38.08×22.43×
Dividend yield0.0%0.0%
Payout ratio0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity7.8%6.6%
Return on invested capital7.5%5.3%
Return on assets6.3%5.3%
Free cash flow yield1.5%9.7%
Earnings yield3.8%2.5%
Enterprise value₹9.1B₹10.9B
Net debt / EBITDA-0.08×0.02×
Cash conversion cycle (days)143158