Capital India Finance Limited (CIFL.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

-133.3%

-₹6.06

vs ₹18.20 price

Levered DCF

-₹97.42

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	20.73×	900×	120×	-33.64×	-500×
P/B	1.2×	2.23×	2.25×	2.31×	2.25×
P/S	1.51×	2.43×	2.16×	2.22×	2.74×
EV / EBITDA	22.59×	88.43×	58.63×	-42.32×	101.76×
Gross margin	29.4%	16.4%	15.6%	11.8%	38.6%
Operating margin	-6.3%	-5.2%	-4.4%	-12.1%	-1.7%
Net margin	7.3%	0.3%	1.8%	-6.6%	-0.5%
Current ratio	21.8×	1.18×	1.09×	1.18×	1.53×
Debt / equity	1.43×	1.59×	1.44×	1.53×	1.23×
Interest coverage	0×	-13.3×	-7.42×	-6.71×	-0.55×
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.1%
Payout ratio	2.0%	50.2%	6.7%	-1.9%	-28.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	5.8%	0.2%	1.9%	-6.9%	-0.4%
Return on invested capital	-1.3%	-1.8%	9.1%	-4.8%	-0.6%
Return on assets	2.1%	0.1%	0.6%	-2.3%	-0.2%
Free cash flow yield	-3.4%	0.2%	7.1%	-5.3%	-24.9%
Earnings yield	4.8%	0.1%	0.8%	-3.0%	-0.2%
Enterprise value	₹15.4B	₹22.4B	₹20.7B	₹20.8B	₹19.6B
Net debt / EBITDA	10.79×	33.12×	18.99×	-13.92×	29.29×
Cash conversion cycle (days)	775	217	160	182	255