Bodhi Tree Multimedia Limited (BTML.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

+4.7%

₹6.22

vs ₹5.94 price

Levered DCF

-₹111.97

After debt service

Piotroski score

3 / 9

Weak

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	12.41×	21.08×	65.67×	64.07×	5×	2.39×	0.27×	26.55×
P/B	0.95×	3.14×	8.13×	8.47×	1.78×	0.91×	-11.16×	-1.53×
P/S	0.69×	1.15×	3.46×	4.95×	0.27×	0.17×	0.04×	0.25×
EV / EBITDA	7.95×	12.86×	37.57×	39.72×	6.14×	1.8×	1.46×	25.4×
Gross margin	13.8%	12.2%	20.7%	17.5%	8.3%	25.6%	19.4%	5.7%
Operating margin	10.1%	9.7%	9.0%	12.7%	5.6%	9.0%	12.4%	1.1%
Net margin	5.5%	5.5%	5.3%	7.6%	5.5%	7.0%	13.4%	0.9%
Current ratio	1.55×	1.43×	1.6×	2.04×	1.8×	1.34×	0.86×	0.65×
Debt / equity	0.44×	0.67×	0.22×	0.21×	0.6×	0.43×	-61.68×	-0.82×
Interest coverage	3.36×	4.27×	10.23×	9.31×	14.65×	14.8×	17.45×	3.64×
Dividend yield	0.0%	0.0%	0.5%	0.0%	0.0%	2.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	30.3%	0.0%	0.0%	4.7%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.7%	14.9%	12.5%	13.1%	35.4%	37.9%	-4178.0%	-5.8%
Return on invested capital	6.7%	10.7%	12.1%	12.8%	22.8%	25.8%	63.0%	-33.2%
Return on assets	3.8%	5.3%	5.5%	7.2%	15.5%	14.2%	24.3%	3.0%
Free cash flow yield	-62.4%	-15.9%	-0.9%	-3.3%	-23.3%	53.3%	-378.0%	-18.8%
Earnings yield	8.1%	4.7%	1.5%	1.5%	19.9%	41.8%	374.5%	3.8%
Enterprise value	₹1.1B	₹1.2B	₹2.3B	₹2.1B	₹207M	₹63M	₹57.4M	₹146.7M
Net debt / EBITDA	2.35×	2.23×	0.84×	0.18×	1.33×	0.1×	1.22×	8.79×
Cash conversion cycle (days)	50	91	41	216	25	74	108	9