Valor Estate Limited (DBREALTY.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

-3352.2%

-₹2,742.90

vs ₹84.34 price

Levered DCF

₹1,012.08

After debt service

Piotroski score

6 / 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	167.94×	-69.29×	6.96×	-21.94×	94.73×	-4.38×	-0.38×	-2.19×
P/B	1.05×	1.78×	1.83×	0.93×	1.71×	0.56×	0.1×	0.27×
P/S	2.69×	7.7×	27.71×	2.84×	14.71×	32.51×	0.92×	1.66×
EV / EBITDA	71.04×	-235.96×	7.01×	-111.73×	115.03×	16.64×	-42.05×	-76.32×
Gross margin	30.1%	13.9%	62.1%	-80.9%	36.1%	175.2%	42.1%	5.8%
Operating margin	4.0%	-13.2%	52.3%	-99.3%	31.4%	-257.0%	-33.7%	-10.2%
Net margin	1.6%	-11.1%	398.2%	-12.9%	12.3%	-742.8%	-248.0%	-72.5%
Current ratio	1.45×	1.88×	2.2×	1.11×	1.38×	1.19×	1.2×	1.32×
Debt / equity	0.18×	0.39×	0.4×	1.25×	1.69×	1.87×	1.41×	0.94×
Interest coverage	0.64×	-1.61×	2.08×	-12.74×	0.24×	-0.18×	-0.22×	-0.23×
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%	-2.6%	26.3%	-4.2%	1.4%	-12.7%	-26.9%	-11.8%
Return on invested capital	0.7%	-1.3%	2.2%	-14.2%	0.2%	-1.5%	-1.5%	-0.7%
Return on assets	0.4%	-1.5%	14.4%	-1.1%	0.3%	-2.3%	-6.2%	-3.8%
Free cash flow yield	19.9%	5.0%	2.0%	4.8%	-8.3%	2.3%	140.9%	-32.1%
Earnings yield	0.6%	-1.4%	14.4%	-4.6%	0.8%	-22.8%	-269.9%	-43.6%
Enterprise value	₹49.5B	₹105.8B	₹104.2B	₹46.1B	₹63.2B	₹32.3B	₹23.4B	₹27B
Net debt / EBITDA	9.62×	-41.48×	0.84×	-63.71×	56.29×	12.81×	-39.27×	-59.15×
Cash conversion cycle (days)	616	932	8,418	1,096	10,957	-26,062	11,157	3,369