Cambridge Technology Enterprises Limited (CTE.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

-1209.3%

-₹399.00

vs ₹35.97 price

Levered DCF

-₹223.78

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

—

Rating

B-

Overall 3 / 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	91.38×	-1.46×	30.81×	11.99×	12.49×	5.69×	5.74×	4.74×
P/B	0.54×	1.04×	1.53×	0.99×	1.43×	0.67×	0.37×	1.46×
P/S	0.24×	0.35×	0.83×	0.54×	1.09×	0.46×	0.26×	0.87×
EV / EBITDA	7.47×	-7.15×	12.23×	6.96×	8.56×	2.96×	2.81×	4.2×
Gross margin	12.8%	-1.0%	21.0%	19.5%	23.7%	17.4%	22.6%	46.6%
Operating margin	3.3%	-21.1%	5.8%	6.3%	9.2%	3.5%	5.4%	19.7%
Net margin	0.3%	-24.2%	2.7%	4.5%	8.7%	8.0%	4.5%	18.4%
Current ratio	2.31×	1.63×	1.83×	2.44×	2.62×	2.25×	2.4×	1.73×
Debt / equity	1.01×	1.27×	1.07×	0.58×	0.42×	0.22×	0.25×	0.25×
Interest coverage	0.77×	-4.48×	1.67×	4.05×	17.51×	3.84×	2.31×	13.92×
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	0.6%	-70.7%	5.0%	8.2%	11.5%	11.8%	6.5%	30.8%
Return on invested capital	1.0%	-25.9%	3.5%	5.7%	6.9%	3.8%	5.3%	24.5%
Return on assets	0.3%	-24.5%	2.0%	4.6%	7.3%	7.7%	4.6%	17.5%
Free cash flow yield	59.0%	13.7%	-14.8%	-31.3%	-15.8%	16.9%	-4.1%	-0.8%
Earnings yield	1.1%	-68.3%	3.2%	8.3%	8.0%	17.6%	17.4%	21.1%
Enterprise value	₹1.1B	₹1.5B	₹2.7B	₹1.5B	₹1.4B	₹524.6M	₹436M	₹1B
Net debt / EBITDA	4.56×	-3.89×	4.35×	2.47×	1.32×	0.13×	1.05×	0.54×
Cash conversion cycle (days)	80	81	117	93	185	59	97	206