DAPS Advertising Ltd. (DAPS.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

+206.2%

₹58.19

vs ₹19.00 price

Levered DCF

₹65.95

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.84

Grey zone

Rating

—

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017
P/E	7.75×	7.64×	13.2×	4.85×	25.88×	287.37×	71.84×	23.53×
P/B	0.58×	0.54×	0.92×	0.65×	3.39×	3.9×	3.95×	5.46×
P/S	0.47×	0.48×	0.7×	0.32×	1.52×	3.6×	1.4×	1.22×
EV / EBITDA	0.95×	0.66×	5.24×	2.08×	13.95×	60.73×	39.68×	14.46×
Gross margin	10.6%	20.2%	8.7%	20.6%	19.0%	13.2%	9.1%	8.0%
Operating margin	6.1%	5.7%	7.0%	8.2%	9.0%	1.9%	3.0%	6.8%
Net margin	6.1%	6.2%	5.3%	6.7%	5.9%	1.2%	2.0%	5.2%
Current ratio	3.45×	4.47×	5.68×	4.27×	2.49×	2.56×	2.21×	1.74×
Debt / equity	0.08×	0.01×	0.01×	0.02×	0.05×	0.17×	0.26×	0.3×
Interest coverage	18.14×	38.57×	27.98×	37.19×	5.74×	0.76×	2.87×	14.55×
Dividend yield	1.0%	0.9%	1.8%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	7.6%	6.5%	23.8%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2017
Return on equity	7.5%	7.1%	6.9%	13.4%	13.1%	1.3%	5.5%	23.2%
Return on invested capital	5.2%	4.8%	6.7%	12.2%	13.6%	1.3%	4.9%	16.0%
Return on assets	5.6%	5.7%	5.8%	10.4%	8.2%	0.8%	3.0%	8.7%
Free cash flow yield	10.7%	24.6%	-11.5%	8.2%	1.6%	4.2%	0.1%	1.9%
Earnings yield	12.9%	13.1%	7.6%	20.6%	3.9%	0.3%	1.4%	4.2%
Enterprise value	₹21M	₹12.4M	₹90.5M	₹54.9M	₹263.7M	₹286.7M	₹297.4M	₹266.4M
Net debt / EBITDA	-3.79×	-4.14×	-3.07×	-1.57×	-1×	0.88×	1.98×	-0.89×
Cash conversion cycle (days)	85	107	134	65	86	178	78	47