Diamond Power Infrastructure Limited (DIACABS.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

-451.2%

-₹1,290.53

vs ₹367.50 price

Levered DCF

₹2,173.75

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

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	FY2017	FY2016
P/E	39.61×	138.23×	169.69×	-24.07×	-16.49×	-8.43×	-9.51×	-20.43×
P/B	-10.37×	-5.43×	-2.94×	-1.05×	-0.67×	-0.34×	11.68×	8.96×
P/S	3.28×	4.28×	8.33×	66.46×	26.55×	3,494.03×	6.76×	2.49×
EV / EBITDA	37.55×	77.61×	121.6×	-143.65×	-860.71×	-1,004.32×	-14.07×	-154.59×
Gross margin	17.1%	15.7%	12.4%	-29.0%	0.2%	95.0%	-23.2%	4.9%
Operating margin	10.1%	4.2%	6.7%	-273.2%	-117.7%	-3757.2%	-65.4%	-2.2%
Net margin	8.3%	3.1%	5.0%	-277.4%	-161.4%	-41672.9%	-71.1%	-12.2%
Current ratio	2.04×	1.1×	1.92×	3.36×	0.27×	0.27×	1.22×	1.25×
Debt / equity	-4.2×	-0.53×	-2.42×	-2.39×	-3.18×	-3.32×	2.45×	3.55×
Interest coverage	4.95×	3.68×	3.45×	-64.81×	-2.68×	-0.35×	-3.87×	-0.21×
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	FY2017	FY2016
Return on equity	-26.2%	-3.9%	-1.7%	4.4%	4.1%	4.0%	-122.9%	-43.9%
Return on invested capital	9.7%	3.1%	1.7%	-3.1%	-1.3%	-0.1%	-31.2%	-1.6%
Return on assets	6.6%	1.9%	1.1%	-3.0%	-1.3%	-1.2%	-32.8%	-8.1%
Free cash flow yield	-3.2%	-1.1%	0.4%	42.9%	2.2%	1.9%	-3.4%	-4.0%
Earnings yield	2.5%	0.7%	0.6%	-4.2%	-6.1%	-11.9%	-10.5%	-4.9%
Enterprise value	₹87B	₹52.3B	₹52.1B	₹33.7B	₹23.9B	₹21.8B	₹92.1B	₹76.9B
Net debt / EBITDA	10.5×	6.77×	54.84×	-99.83×	-710.32×	-911.33×	-2.38×	-42.49×
Cash conversion cycle (days)	93	60	90	876	5,830	-5,194,532	234	200