Capital Trade Links Limited (CTL.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

+282.4%

₹85.05

vs ₹22.24 price

Levered DCF

-₹186.29

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

D+

Overall 1 / 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	50.66×	61.69×	14.19×	31.12×	15.93×	12.81×	9.06×	6.34×
P/B	1.3×	2×	2.51×	2.02×	1.25×	0.75×	0.38×	0.62×
P/S	3.77×	5.53×	4.4×	4.66×	4.08×	3.42×	1.99×	2.43×
EV / EBITDA	65.75×	44.39×	21.19×	50.09×	16.35×	16.38×	6.43×	8.29×
Gross margin	48.7%	46.6%	27.2%	67.8%	73.3%	85.2%	83.6%	64.9%
Operating margin	15.7%	33.0%	17.8%	36.4%	38.3%	51.6%	60.1%	42.3%
Net margin	7.4%	9.0%	30.6%	15.0%	25.5%	26.9%	22.2%	38.3%
Current ratio	0×	105.94×	75.61×	340.05×	45.91×	45.73×	48.87×	2.93×
Debt / equity	1.78×	1.86×	3.1×	3.18×	0.5×	0.69×	0.05×	0.47×
Interest coverage	0×	26.84×	12.81×	277.63×	263.26×	1,004.04×	345.41×	171.38×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.5%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	15.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.6%	3.2%	17.5%	6.5%	7.8%	5.9%	4.2%	9.7%
Return on invested capital	1.3%	1.9%	1.8%	2.5%	6.1%	4.5%	7.0%	5.5%
Return on assets	0.9%	1.1%	4.2%	1.5%	5.1%	3.4%	3.9%	6.4%
Free cash flow yield	0.0%	13.6%	-43.9%	-122.7%	-0.6%	-86.3%	31.6%	-15.5%
Earnings yield	2.0%	1.6%	7.0%	3.2%	6.3%	7.9%	11.1%	15.8%
Enterprise value	₹2.2B	₹2.7B	₹3B	₹1.9B	₹519M	₹343.6M	₹94.8M	₹181.8M
Net debt / EBITDA	37.64×	21.33×	11.4×	29.57×	3.9×	7.82×	0.67×	3.58×
Cash conversion cycle (days)	0	1	1	64	110	269	1,986	1,764