Constronics Infra Ltd. (CONSTRONIC.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

-16.2%

₹38.11

vs ₹45.49 price

Levered DCF

-₹160.75

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	21.79×	27.64×	46.67×	152.67×	50×	-109.09×	92.31×	-384.62×
P/B	1.48×	2.37×	34.51×	34.81×	45.06×	503.54×	91.05×	4,705.13×
P/S	1.26×	1.8×	43.11×	10.54×	3.98×	5.67×	4.59×	15.86×
EV / EBITDA	33.02×	18.14×	41.61×	68.33×	80.54×	-121.09×	99.04×	-425.16×
Gross margin	11.4%	10.1%	74.3%	44.2%	17.0%	8.4%	11.2%	16.1%
Operating margin	4.4%	5.8%	37.7%	9.5%	4.7%	-5.3%	5.0%	-3.6%
Net margin	5.8%	6.1%	92.8%	6.9%	8.0%	-5.1%	4.9%	-4.1%
Current ratio	3.32×	2.91×	53.65×	5.87×	3.31×	2.98×	0.26×	13.85×
Debt / equity	0.42×	0.02×	5.73×	2.96×	4.96×	45.86×	8.45×	436.14×
Interest coverage	31.05×	20.76×	30.67×	7.1×	10.78×	0×	70.47×	-63.06×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.8%	8.1%	74.2%	22.8%	91.0%	-453.0%	98.1%	-1222.7%
Return on invested capital	2.7%	5.4%	4.2%	4.7%	8.9%	-5.1%	10.4%	-1.0%
Return on assets	4.3%	6.5%	10.9%	5.4%	14.2%	-9.0%	10.0%	-1.9%
Free cash flow yield	-38.0%	-20.3%	-0.5%	0.1%	-1.4%	0.1%	1.0%	-1.2%
Earnings yield	4.6%	3.4%	2.2%	0.7%	2.0%	-0.9%	1.1%	-0.3%
Enterprise value	₹783.5M	₹853.3M	₹337M	₹88.7M	₹94.5M	₹93.2M	₹93.3M	₹94.2M
Net debt / EBITDA	7.13×	-1.37×	0.48×	1.68×	6.83×	-8.7×	7.21×	-34.58×
Cash conversion cycle (days)	56	56	807	75	0	-2	8	271