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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
-1.1%
₹392.74
vs ₹396.95 price
Levered DCF
-₹1,703.05
After debt service
Piotroski score
—
Altman Z-score
—
Rating
C-
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024
P/E15.25×14.88×
P/B2.22×2.39×
P/S1.18×1.41×
EV / EBITDA8.89×9.44×
Gross margin16.0%11.0%
Operating margin13.0%12.3%
Net margin7.8%9.5%
Current ratio1.42×1.77×
Debt / equity0.61×0.76×
Interest coverage3.27×3.06×
Dividend yield0.0%0.2%
Payout ratio0.0%3.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity14.6%16.0%
Return on invested capital11.2%8.8%
Return on assets5.6%6.9%
Free cash flow yield-6.4%-15.7%
Earnings yield6.6%6.7%
Enterprise value₹56.9B₹53.3B
Net debt / EBITDA1.46×1.69×
Cash conversion cycle (days)4096