Brahmaputra Infrastructure Limited (BRAHMINFRA.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

-250.7%

-₹265.92

vs ₹176.50 price

Levered DCF

-₹276.33

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	7.26×	3.81×	12.86×	7.96×	12.78×	-441.42×	44.05×	-306.41×
P/B	1.25×	0.38×	0.86×	0.57×	0.65×	0.31×	0.4×	0.4×
P/S	1.17×	0.45×	1×	0.49×	0.57×	0.35×	0.36×	0.27×
EV / EBITDA	6.17×	4.62×	10.01×	8.68×	10.55×	17.08×	10.52×	7.35×
Gross margin	28.0%	34.6%	33.0%	27.9%	28.6%	10.0%	16.8%	19.7%
Operating margin	23.3%	21.4%	18.8%	20.9%	22.2%	12.0%	9.7%	13.7%
Net margin	16.1%	12.3%	7.8%	6.1%	4.5%	-0.1%	0.8%	-0.1%
Current ratio	1.4×	1.1×	1.47×	1.07×	1.1×	1.06×	1.04×	0.98×
Debt / equity	0.37×	0.58×	0.9×	1.63×	1.88×	1.99×	2.63×	2.04×
Interest coverage	4.93×	2.58×	1.84×	1.58×	1.78×	0.96×	0.42×	0.68×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.3%	10.4%	6.7%	7.1%	5.1%	-0.1%	0.9%	-0.1%
Return on invested capital	11.6%	7.9%	6.1%	7.3%	4.9%	-0.7%	2.6%	2.6%
Return on assets	8.3%	4.2%	2.4%	1.8%	1.2%	-0.0%	0.2%	-0.0%
Free cash flow yield	0.0%	58.9%	-57.5%	31.3%	-9.3%	56.4%	29.0%	24.9%
Earnings yield	13.8%	27.0%	7.8%	12.5%	7.8%	-0.2%	2.3%	-0.3%
Enterprise value	₹5.4B	₹2.5B	₹4.3B	₹3.2B	₹3.5B	₹3.6B	₹4B	₹3.9B
Net debt / EBITDA	1.22×	2.55×	4.93×	6.36×	7.82×	14.79×	9.12×	6.15×
Cash conversion cycle (days)	170	190	508	764	882	879	1,018	649