City Pulse Multiplex Limited (CPML.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

+63.2%

₹196.66

vs ₹120.50 price

Levered DCF

₹169.74

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

16.81

Safe zone

Rating

S-

Overall 5 / 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	1,421.28×	995.63×	298.86×	-38.55×	-41.89×	-5.03×	66.91×	1.78×
P/B	27.79×	14.73×	0.49×	6.22×	3.09×	0.8×	1.05×	0.44×
P/S	518.78×	477.99×	38.43×	59.29×	35.07×	87.24×	2.1×	0.34×
EV / EBITDA	805.37×	719.21×	67.75×	-81.95×	221.91×	-20.96×	10.29×	4.01×
Gross margin	75.5%	90.8%	57.8%	-51.1%	-47.0%	-1510.4%	41.6%	44.4%
Operating margin	49.3%	54.5%	13.1%	-167.9%	-83.0%	-1731.0%	6.8%	19.6%
Net margin	36.5%	47.8%	12.8%	-153.9%	-83.5%	-1737.3%	3.1%	19.1%
Current ratio	2.09×	1.48×	2.14×	1.68×	2.09×	1.65×	1.9×	1.16×
Debt / equity	0.05×	0.03×	0.03×	0.43×	0.38×	0.36×	0.33×	0.87×
Interest coverage	0×	5,113.67×	60.04×	0×	-177.95×	-269.4×	25.87×	100.34×
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	2.0%	1.5%	0.2%	-16.1%	-7.4%	-15.9%	1.6%	25.0%
Return on invested capital	1.9%	1.4%	0.2%	-12.0%	-5.2%	-11.5%	1.2%	13.1%
Return on assets	1.8%	1.4%	0.2%	-8.3%	-4.2%	-8.6%	0.9%	9.6%
Free cash flow yield	0.0%	0.2%	0.4%	0.9%	-1.6%	2.1%	-58.0%	-99.5%
Earnings yield	0.1%	0.1%	0.3%	-2.6%	-2.4%	-19.9%	1.5%	56.2%
Enterprise value	₹26B	₹13.4B	₹458.4M	₹300.4M	₹182M	₹58.2M	₹81.9M	₹30.2M
Net debt / EBITDA	-0.77×	-0.35×	2.49×	-3.8×	20.2×	-4.9×	1.75×	2.61×
Cash conversion cycle (days)	-652	-3,627	-570	1,530	1,598	17,212	-42	136