Cella Space Ltd. (CELLA.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

+113.4%

₹61.12

vs ₹28.64 price

Levered DCF

-₹59.97

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

5.24

Safe zone

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	5.88×	0.39×	72.92×	15.66×	16.24×	46.16×	20.4×	8.27×
P/B	0.78×	0.66×	-0.85×	-0.84×	-0.72×	-0.69×	-0.67×	-0.63×
P/S	3.69×	8.16×	2.27×	2.39×	3.15×	5.12×	6.09×	0×
EV / EBITDA	11.14×	0.1×	13.79×	13.95×	15.4×	25.78×	19.51×	18.42×
Gross margin	53.3%	20.7%	66.3%	62.1%	63.9%	57.4%	53.9%	0.0%
Operating margin	39.1%	-30.2%	45.6%	48.5%	46.1%	34.8%	53.6%	0.0%
Net margin	62.7%	2087.9%	3.0%	15.3%	19.3%	10.9%	30.1%	0.0%
Current ratio	18.72×	12.8×	0.27×	0.22×	0.28×	0.08×	0.06×	0.06×
Debt / equity	0.28×	0.3×	-2.78×	-2.74×	-2.55×	-2.03×	-1.59×	-1.06×
Interest coverage	3.19×	-0.47×	0.96×	1.31×	1.51×	0.81×	0.89×	-47.5×
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	13.2%	167.7%	-1.1%	-5.4%	-4.4%	-1.5%	-3.3%	-7.6%
Return on invested capital	5.6%	-1.8%	8.3%	8.6%	6.0%	4.1%	8.8%	-180.5%
Return on assets	9.8%	118.8%	0.6%	2.6%	2.3%	1.2%	4.1%	17.6%
Free cash flow yield	-128.6%	-111.6%	19.7%	10.8%	-50.9%	-100.3%	-72.3%	42.9%
Earnings yield	17.0%	255.9%	1.3%	6.4%	6.1%	2.1%	4.9%	12.0%
Enterprise value	₹325.1M	₹53.2M	₹752.4M	₹751.8M	₹748.3M	₹660.8M	₹546.2M	₹419.3M
Net debt / EBITDA	1.71×	-0.26×	10.56×	10.67×	11.95×	19.23×	13.66×	11.48×
Cash conversion cycle (days)	1,630	2,234	-90	-343	-448	-80	-39	-2,846