Capricorn Systems Global Solutions Limited (CAPRICORN.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

-706.5%

-₹114.33

vs ₹18.85 price

Levered DCF

-₹139.71

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	162.06×	-7.15×	-28.11×	80.07×	91.67×	-6.87×	132.61×	-305.29×
P/B	1.12×	2.36×	1.13×	1.17×	117.47×	0.86×	0.92×	0.52×
P/S	1.01×	6.45×	5.01×	3.4×	3.33×	2.27×	1.83×	0.56×
EV / EBITDA	153.79×	-7.18×	-27.89×	60.2×	56.3×	-7.14×	56.19×	19.73×
Gross margin	1.8%	19.9%	9.6%	23.7%	24.1%	20.2%	17.9%	11.8%
Operating margin	0.6%	19.9%	-19.1%	5.6%	4.4%	-33.6%	2.3%	-0.6%
Net margin	0.6%	-90.4%	-17.7%	4.1%	3.6%	-33.1%	1.4%	-0.2%
Current ratio	5.33×	0.42×	10.26×	333.77×	238.76×	5.77×	5.72×	6.2×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	72.54×	0×	0×	0×	0×	0×	0×	-0.33×
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	0.7%	-33.0%	-4.0%	1.4%	128.8%	-12.5%	0.7%	-0.2%
Return on invested capital	0.7%	7.3%	-4.3%	1.3%	0.9%	-12.1%	0.8%	-0.5%
Return on assets	0.6%	-27.4%	-3.9%	1.3%	1.2%	-11.5%	0.6%	-0.2%
Free cash flow yield	-77.7%	-0.5%	-7.1%	-2.9%	7.8%	-1.0%	2.9%	31.7%
Earnings yield	0.6%	-14.0%	-3.5%	1.2%	1.1%	-14.6%	0.8%	-0.3%
Enterprise value	₹294.5M	₹65M	₹41.5M	₹44.9M	₹44M	₹30M	₹33.2M	₹18.6M
Net debt / EBITDA	-0.05×	0×	0.03×	-0×	-0×	0.01×	-5.47×	-2.31×
Cash conversion cycle (days)	161	0	0	-172	8	202	-2	76