Cosmic CRF Limited (COSMICCRF.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

+1015.6%

₹10,486.51

vs ₹940.00 price

Levered DCF

₹18.20

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.75

Grey zone

Rating

A-

Overall 4 / 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	10.21×	35.66×	50.62×	23.12×	-1,248.4×
P/B	1.16×	2.54×	3.07×	9.1×	16.96×
P/S	0.72×	2.59×	2.55×	1.22×	0×
EV / EBITDA	6.37×	18.59×	26.35×	14.8×	-980.31×
Gross margin	12.2%	11.5%	9.6%	10.8%	0.0%
Operating margin	9.5%	9.3%	7.4%	9.3%	0.0%
Net margin	7.1%	7.2%	5.0%	5.3%	0.0%
Current ratio	1.7×	2.98×	4.21×	1.07×	1.25×
Debt / equity	0.3×	0.18×	0.07×	1.93×	0.77×
Interest coverage	5.55×	6.03×	5.66×	4.34×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	11.3%	7.1%	6.1%	39.4%	-1.4%
Return on invested capital	9.1%	6.3%	6.8%	17.3%	-0.8%
Return on assets	6.2%	5.3%	5.0%	9.3%	-0.7%
Free cash flow yield	-22.2%	-11.5%	-7.8%	-27.8%	-0.1%
Earnings yield	9.8%	2.8%	2.0%	4.3%	-0.1%
Enterprise value	₹5.4B	₹9.4B	₹6B	₹1.8B	₹1.5B
Net debt / EBITDA	0.26×	-2.05×	-2.21×	2.59×	-39.75×
Cash conversion cycle (days)	70	135	70	20	-225,205