Capacit'e Infraprojects Limited (CAPACITE.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

+430.9%

₹799.91

vs ₹150.68 price

Levered DCF

-₹322.07

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 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	8.91×	14.6×	16.37×	8.47×	15.58×	877.17×	5.47×	16.27×
P/B	0.89×	1.71×	1.3×	0.75×	0.77×	1.47×	0.54×	1.88×
P/S	0.65×	1.25×	1.03×	0.45×	0.55×	1.56×	0.33×	0.88×
EV / EBITDA	4.91×	7.56×	6.76×	3.37×	5.1×	11.19×	2.75×	7.01×
Gross margin	18.7%	20.6%	32.6%	17.7%	29.6%	30.9%	13.5%	12.6%
Operating margin	12.5%	16.4%	17.8%	14.9%	8.9%	5.3%	9.5%	9.0%
Net margin	7.3%	8.7%	6.3%	5.3%	3.6%	0.2%	6.0%	5.4%
Current ratio	1.65×	1.81×	1.78×	1.44×	1.43×	1.35×	1.48×	1.37×
Debt / equity	0.25×	0.25×	0.22×	0.35×	0.35×	0.31×	0.35×	0.32×
Interest coverage	3.4×	4.13×	3.57×	3×	1.79×	0.67×	2.23×	3.3×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.7%	0.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.0%	8.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.0%	11.9%	7.9%	8.9%	4.9%	0.2%	9.8%	11.5%
Return on invested capital	9.4%	12.8%	12.2%	11.2%	5.6%	1.0%	7.9%	9.2%
Return on assets	4.9%	5.8%	3.8%	3.6%	2.0%	0.1%	3.8%	4.7%
Free cash flow yield	-2.1%	-4.2%	-6.3%	1.1%	-9.1%	-2.6%	18.5%	-9.7%
Earnings yield	11.2%	6.9%	6.1%	11.8%	6.4%	0.1%	18.3%	6.1%
Enterprise value	₹21B	₹33B	₹22.8B	₹11.5B	₹10.6B	₹16.5B	₹7.1B	₹18.3B
Net debt / EBITDA	0.92×	0.83×	0.92×	1.01×	1.51×	1.91×	0.82×	0.94×
Cash conversion cycle (days)	17	14	138	131	96	156	100	49