Crest Ventures Limited (CREST.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

-89.0%

₹39.17

vs ₹356.15 price

Levered DCF

-₹4,356.16

After debt service

Piotroski score

4 / 9

Average

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.56×	11.98×	18.26×	1.14×	42.93×	80.67×	3.29×	7.69×
P/B	0.7×	0.89×	0.99×	0.46×	0.88×	0.42×	0.26×	0.7×
P/S	5.75×	6.63×	7.61×	4.68×	9.12×	4.42×	2.31×	7.15×
EV / EBITDA	14.12×	10.11×	13.83×	1.03×	40.9×	33.06×	9.37×	30.44×
Gross margin	75.8%	64.6%	63.0%	75.8%	75.7%	72.7%	59.1%	55.0%
Operating margin	40.1%	70.6%	45.5%	622.0%	49.5%	43.9%	29.0%	21.5%
Net margin	29.4%	55.4%	41.7%	413.0%	21.3%	5.5%	70.2%	92.9%
Current ratio	101.35×	8.7×	5.79×	17.68×	26.81×	18.71×	4.97×	10.63×
Debt / equity	0.16×	0.14×	0.19×	0.18×	0.42×	0.21×	0.1×	0.12×
Interest coverage	0×	369.72×	5.19×	2,860.88×	109.55×	2.26×	126.79×	148.84×
Dividend yield	0.3%	0.3%	0.3%	0.3%	0.3%	0.6%	1.2%	0.5%
Payout ratio	6.0%	3.2%	4.7%	0.4%	11.8%	47.7%	3.8%	3.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.6%	7.4%	5.4%	40.5%	2.0%	0.5%	7.9%	9.0%
Return on invested capital	2.4%	6.5%	3.6%	34.9%	2.6%	1.4%	2.6%	1.7%
Return on assets	2.4%	6.2%	4.4%	33.4%	1.4%	0.4%	6.6%	7.8%
Free cash flow yield	-23.0%	-1.5%	-1.8%	-156.0%	-20.8%	-1.0%	-32.9%	-11.8%
Earnings yield	5.1%	8.3%	5.5%	88.2%	2.3%	1.2%	30.4%	13.0%
Enterprise value	₹9.9B	₹11.7B	₹12.1B	₹5.9B	₹7.6B	₹3.5B	₹2B	₹4.3B
Net debt / EBITDA	1.08×	0.95×	1.25×	0.25×	12.96×	10.29×	2.48×	4.1×
Cash conversion cycle (days)	6,450	1,777	1,762	2,619	2,210	1,252	780	620