Catvision Limited (CATVISION.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

+18.7%

₹23.02

vs ₹19.39 price

Levered DCF

₹61.46

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	80.9×	-42.26×	1.94×	-9.39×	62.63×	22.77×	-17.28×	-15.34×
P/B	0.55×	0.59×	0.5×	0.47×	0.45×	0.45×	0.46×	0.45×
P/S	0.55×	0.67×	0.58×	0.39×	0.39×	0.39×	0.28×	0.19×
EV / EBITDA	52.21×	19.3×	0.84×	24.67×	8.46×	8.72×	15.64×	16.91×
Gross margin	9.5%	10.2%	26.0%	30.5%	31.2%	31.8%	29.4%	24.4%
Operating margin	-1.7%	-3.4%	-4.3%	-1.5%	-0.1%	2.7%	-0.7%	1.2%
Net margin	0.7%	-1.6%	29.9%	-4.2%	0.6%	1.7%	-1.6%	-1.2%
Current ratio	2.01×	1.9×	3.41×	3.63×	2.13×	1.92×	1.54×	1.46×
Debt / equity	0.01×	0.01×	0×	0.01×	0.24×	0.35×	0.38×	0.44×
Interest coverage	0×	-17.05×	-288.6×	-0.74×	-0.05×	0.87×	-0.24×	0.6×
Dividend yield	9.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	724.7%	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%	-1.4%	25.6%	-5.0%	0.7%	2.0%	-2.7%	-2.9%
Return on invested capital	-1.0%	-2.8%	-3.6%	-1.7%	-0.1%	2.3%	-0.6%	1.9%
Return on assets	0.5%	-1.0%	20.5%	-4.0%	0.4%	1.2%	-1.5%	-1.4%
Free cash flow yield	5.3%	5.9%	32.7%	29.9%	21.8%	14.7%	21.7%	-40.1%
Earnings yield	1.2%	-2.4%	51.7%	-10.7%	1.6%	4.4%	-5.8%	-6.5%
Enterprise value	₹102.8M	₹103.7M	₹57.2M	₹81.4M	₹124.3M	₹139.9M	₹149.5M	₹160.6M
Net debt / EBITDA	-9.62×	-5.91×	-0.86×	-0.18×	2.88×	3.61×	7.06×	8.28×
Cash conversion cycle (days)	83	116	216	240	156	322	239	177