The Byke Hospitality Limited (BYKE.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

+160.3%

₹80.69

vs ₹31.00 price

Levered DCF

₹30.44

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

1.47

Distress zone

Rating

C-

Overall 1 / 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	21.16×	73.95×	41.01×	56.67×	-11.53×	-4.05×	8.54×	23.21×
P/B	0.61×	1.52×	1.15×	0.81×	0.94×	0.44×	0.19×	0.64×
P/S	1.33×	3.53×	2.76×	1.13×	1.59×	1.13×	0.29×	0.8×
EV / EBITDA	5.11×	10.87×	7.8×	5.1×	9.91×	10.01×	2.4×	5.35×
Gross margin	41.4%	67.9%	19.8%	21.4%	8.8%	56.2%	68.0%	68.7%
Operating margin	16.2%	11.3%	12.2%	9.1%	-6.6%	-18.7%	6.6%	6.1%
Net margin	6.3%	4.8%	6.7%	2.0%	-13.7%	-27.8%	3.4%	3.4%
Current ratio	2.52×	3.7×	4.27×	1.46×	2.1×	1.96×	1.86×	2.36×
Debt / equity	0.45×	0.41×	0.29×	0.51×	0.62×	0.47×	0.3×	0.11×
Interest coverage	1.45×	1.23×	1.37×	1.02×	-0.6×	-1.43×	1.18×	3.99×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	4.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	95.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.9%	2.0%	2.8%	1.4%	-8.2%	-10.7%	2.2%	2.8%
Return on invested capital	5.0%	3.4%	3.9%	4.3%	-2.0%	-4.4%	3.2%	2.8%
Return on assets	1.9%	1.4%	2.1%	0.9%	-4.9%	-6.9%	1.6%	2.3%
Free cash flow yield	3.9%	-1.1%	5.7%	14.8%	10.6%	5.0%	29.8%	-0.5%
Earnings yield	4.7%	1.3%	2.4%	1.8%	-8.7%	-24.7%	11.8%	4.3%
Enterprise value	₹2.4B	₹4.3B	₹2.8B	₹2.1B	₹2.4B	₹1.5B	₹891.7M	₹1.3B
Net debt / EBITDA	2.11×	2.2×	1.43×	1.93×	3.79×	5.11×	1.45×	0.58×
Cash conversion cycle (days)	124	189	164	123	159	291	197	177