Digicontent Limited (DGCONTENT.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

+642.5%

₹167.06

vs ₹22.50 price

Levered DCF

₹192.03

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	156.86×	9.42×	22.68×	-7.08×	3.12×	-0.95×	-0.74×	-7.52×
P/B	3.44×	8.38×	113.19×	-15.36×	11.76×	-3.05×	0.79×	1.36×
P/S	0.26×	0.52×	0.31×	0.26×	0.2×	0.17×	0.09×	0.33×
EV / EBITDA	5.92×	5.19×	5.78×	11.81×	2.12×	3.52×	4.73×	5.17×
Gross margin	30.9%	29.0%	46.8%	23.1%	100.0%	100.0%	100.0%	48.1%
Operating margin	5.8%	10.7%	6.6%	-0.6%	11.4%	-10.3%	-10.2%	-2.5%
Net margin	0.2%	5.5%	1.4%	-3.7%	6.5%	-17.5%	-12.7%	-4.4%
Current ratio	1.5×	1.52×	1.56×	1.19×	0.76×	1.67×	1.01×	1.67×
Debt / equity	2.66×	4.06×	136.49×	-25.74×	12.25×	-6.65×	3.52×	1.23×
Interest coverage	2.42×	2.84×	1.57×	-0.14×	3.11×	-2.11×	-2.14×	-0.73×
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	2.2%	88.9%	499.1%	216.7%	376.6%	321.5%	-107.2%	-18.1%
Return on invested capital	3.0%	22.1%	7.8%	-1.5%	31.2%	-25.0%	-14.0%	-3.1%
Return on assets	0.3%	10.7%	2.4%	-5.7%	12.1%	-27.3%	-16.5%	-5.8%
Free cash flow yield	21.1%	23.1%	9.7%	23.8%	55.4%	158.1%	63.3%	-6.6%
Earnings yield	0.6%	10.6%	4.4%	-14.1%	32.0%	-105.5%	-135.1%	-13.3%
Enterprise value	₹2.2B	₹3.4B	₹2.8B	₹2.4B	₹1.3B	₹1.1B	₹1.2B	₹1.6B
Net debt / EBITDA	2.42×	1.68×	3.11×	7.34×	1.06×	2.2×	3.78×	2.24×
Cash conversion cycle (days)	19	35	20	41	-925,573	-733,580	-278,248	-16