Caspian Corporate Services Ltd. (CASPIAN.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

-337.0%

-₹80.22

vs ₹33.85 price

Levered DCF

-₹124.04

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

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	830.55×	0.32×	0.31×	1.13×	0.37×	1.42×	0.67×	1.46×
P/B	18.83×	0.03×	0.09×	0.03×	0.04×	0.05×	0.03×	0.1×
P/S	5.49×	0.01×	0.03×	0.45×	0.17×	0.65×	0.32×	0.93×
EV / EBITDA	116.29×	5.19×	3.11×	43.81×	-0.93×	0.24×	0.39×	-2.99×
Gross margin	92.6%	97.2%	98.2%	55.3%	84.0%	63.7%	71.1%	90.1%
Operating margin	2.9%	-4.1%	12.1%	36.2%	52.0%	47.8%	69.8%	88.8%
Net margin	0.7%	3.0%	8.8%	39.8%	45.9%	46.0%	47.0%	63.8%
Current ratio	1.49×	1.55×	1.59×	1.26×	12.98×	2.66×	278.4×	22.97×
Debt / equity	1.48×	1.48×	1.41×	1.68×	0×	0×	0×	0×
Interest coverage	1.22×	-1.47×	3.44×	54.86×	285.8×	0×	0×	3,004×
Dividend yield	1.7%	78.6%	8.7%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	1440.9%	24.4%	2.7%	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	2.3%	8.9%	29.2%	2.3%	10.9%	3.7%	4.9%	7.0%
Return on invested capital	0.3%	-3.1%	14.9%	0.5%	9.1%	2.8%	6.0%	9.7%
Return on assets	0.8%	3.1%	9.1%	0.4%	10.6%	3.6%	4.9%	6.9%
Free cash flow yield	-0.1%	-970.0%	-82.2%	-8245.8%	1322.4%	675.9%	-906.2%	734.9%
Earnings yield	0.1%	322.0%	325.1%	88.2%	269.7%	70.2%	148.8%	68.4%
Enterprise value	₹6B	₹392.6M	₹376.8M	₹292.2M	-₹6.4M	₹493.7K	₹906.2K	-₹8M
Net debt / EBITDA	7.57×	5.08×	2.91×	43.07×	-1.2×	-0.81×	-0.17×	-4.45×
Cash conversion cycle (days)	-48	-553	-2,950	-4,658	177	0	0	0