DC Infotech and Communication Limited (DCI.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

-115.9%

-₹52.64

vs ₹330.45 price

Levered DCF

-₹556.61

After debt service

Piotroski score

2 / 9

Weak

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	22.26×	24.33×	19.95×	17.02×	12.57×	13.01×	13.18×	27.96×
P/B	4.38×	4.89×	4.58×	4.08×	2.24×	1.55×	1.03×	3.9×
P/S	0.64×	0.63×	0.5×	0.34×	0.22×	0.17×	0.11×	1.07×
EV / EBITDA	15.06×	14.66×	13.3×	11×	7.74×	9.32×	8.6×	25.36×
Gross margin	7.1%	8.3%	7.9%	7.6%	7.5%	7.3%	10.4%	8.2%
Operating margin	4.7%	4.6%	4.2%	3.6%	4.7%	3.0%	3.5%	6.1%
Net margin	2.9%	2.6%	2.5%	2.0%	1.7%	1.3%	0.9%	3.8%
Current ratio	1.38×	1.4×	1.31×	1.28×	1.32×	1.5×	1.44×	1.3×
Debt / equity	0.81×	0.7×	0.74×	0.88×	0.79×	0.93×	1.18×	4.5×
Interest coverage	4.04×	3.68×	4.01×	4.71×	7.22×	2.66×	2.79×	3.98×
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	19.7%	20.1%	22.9%	24.0%	17.8%	11.9%	7.8%	13.9%
Return on invested capital	13.5%	15.0%	16.4%	17.5%	20.1%	9.7%	10.8%	2.7%
Return on assets	5.7%	5.9%	5.6%	5.1%	3.9%	3.0%	1.8%	1.1%
Free cash flow yield	-10.3%	-1.5%	-5.2%	-9.8%	16.0%	-1.1%	-40.9%	4.0%
Earnings yield	4.5%	4.1%	5.0%	5.9%	7.9%	7.7%	7.6%	3.6%
Enterprise value	₹5.3B	₹4B	₹2.7B	₹1.4B	₹604.5M	₹456.1M	₹337.4M	₹342.2M
Net debt / EBITDA	1.74×	1.84×	1.86×	1.72×	1.29×	3.48×	4.33×	13.27×
Cash conversion cycle (days)	79	56	58	13	41	63	69	485