Capri Global Capital Limited (CGCL.NS) 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

+187.4%

₹692.66

vs ₹240.97 price

Levered DCF

-₹11,239.29

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

0.8

Distress zone

Rating

B-

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	16.4×	29.56×	59.56×	64.82×	52.7×	37.55×	18.52×	22.33×
P/B	2.16×	3.3×	4.34×	3.43×	5.61×	3.87×	1.94×	2.19×
P/S	3.28×	4.9×	7.99×	9.23×	12.18×	9.92×	4.44×	5.66×
EV / EBITDA	27.51×	36.83×	54.11×	56.33×	53.62×	41.14×	23.13×	26.93×
Gross margin	55.7%	29.5%	28.9%	32.0%	43.2%	43.9%	44.4%	43.8%
Operating margin	30.5%	17.6%	15.2%	18.9%	35.2%	39.5%	39.1%	39.0%
Net margin	20.0%	16.5%	13.4%	15.4%	23.1%	26.4%	23.9%	25.4%
Current ratio	0×	0×	1.46×	98.08×	1.13×	1.45×	1.57×	1.39×
Debt / equity	3.35×	3.62×	2.71×	2.16×	2.53×	2.19×	1.84×	2×
Interest coverage	0×	15.44×	9.18×	15.99×	93.73×	95×	16.02×	12.82×
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.3%	0.2%
Payout ratio	2.0%	2.6%	3.7%	3.9%	3.4%	2.0%	4.7%	4.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.2%	11.1%	7.3%	5.7%	10.7%	10.3%	10.5%	9.8%
Return on invested capital	2.7%	1.5%	1.3%	1.4%	3.4%	3.6%	4.4%	3.6%
Return on assets	2.9%	2.3%	1.8%	1.7%	2.9%	3.0%	3.6%	3.2%
Free cash flow yield	7.9%	-30.8%	-22.6%	-25.5%	-12.5%	-5.4%	6.9%	-37.0%
Earnings yield	6.1%	3.4%	1.7%	1.7%	1.9%	2.7%	5.4%	4.5%
Enterprise value	₹376B	₹282.9B	₹264.1B	₹184.7B	₹153.3B	₹102.5B	₹57.7B	₹56.4B
Net debt / EBITDA	16.12×	18.32×	20.01×	18.99×	15.86×	14.45×	11.13×	12.49×
Cash conversion cycle (days)	2,149	-7	624	3,791	-3,943	-10	396	-2