Birlasoft Limited (BSOFT.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

+161.5%

₹848.05

vs ₹324.25 price

Levered DCF

₹759.21

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

6.84

Safe zone

Rating

S-

Overall 5 / 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	17.94×	20.92×	33.8×	21.82×	27.36×	21.95×	7.52×	7.6×
P/B	2.26×	3.11×	6.92×	2.96×	4.91×	3.23×	0.89×	1.28×
P/S	1.75×	2.01×	3.99×	1.51×	3.07×	1.98×	0.51×	0.86×
EV / EBITDA	10.08×	13.05×	22.11×	12.65×	17.73×	12.23×	3.18×	5.36×
Gross margin	38.2%	22.3%	26.7%	23.8%	22.5%	41.0%	50.3%	50.7%
Operating margin	14.8%	11.6%	17.5%	9.9%	13.7%	13.0%	10.3%	10.5%
Net margin	9.8%	9.6%	11.8%	6.9%	11.2%	9.0%	6.8%	11.3%
Current ratio	4.29×	4.03×	3.71×	3.48×	3.69×	3.32×	2.76×	2.34×
Debt / equity	0.03×	0.04×	0.03×	0.04×	0.05×	0.06×	0.08×	0.02×
Interest coverage	40.08×	26.63×	46.32×	25.53×	43.32×	35.5×	20.93×	24.63×
Dividend yield	1.9%	1.7%	0.6%	1.7%	0.9%	0.8%	5.9%	2.5%
Payout ratio	34.9%	34.8%	19.9%	37.7%	24.0%	17.3%	44.4%	19.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.6%	14.9%	20.5%	13.5%	17.9%	14.7%	11.9%	16.9%
Return on invested capital	11.8%	12.3%	21.5%	13.7%	16.2%	14.6%	11.4%	12.5%
Return on assets	9.8%	11.6%	15.9%	10.4%	13.7%	10.7%	8.3%	11.6%
Free cash flow yield	5.2%	5.3%	3.3%	7.0%	1.7%	7.6%	15.1%	-7.3%
Earnings yield	5.6%	4.8%	3.0%	4.6%	3.7%	4.6%	13.3%	13.2%
Enterprise value	₹89.7B	₹105.2B	₹207.8B	₹68.7B	₹125.2B	₹67B	₹13.8B	₹18.8B
Net debt / EBITDA	-0.37×	-0.36×	-0.32×	-0.67×	-0.24×	-0.62×	-0.7×	-0.92×
Cash conversion cycle (days)	57	48	54	53	76	67	59	30