Diligent Industries Limited (DILIGENT.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

-423.0%

-₹8.59

vs ₹2.66 price

Levered DCF

-₹19.64

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.8

Grey zone

Rating

D+

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	FY2020	FY2019
P/E	18.55×	8×	29.81×	41.76×	28.38×	44.32×	19.68×	41.96×
P/B	0.7×	0.32×	3.45×	5.79×	2.84×	1.72×	0.79×	1.51×
P/S	0.31×	0.14×	0.51×	0.76×	0.38×	0.3×	0.12×	0.22×
EV / EBITDA	11.5×	7.34×	18.85×	22.74×	15.86×	16.44×	12.53×	16.95×
Gross margin	7.7%	8.5%	3.3%	4.3%	4.9%	6.4%	1.5%	2.7%
Operating margin	3.8%	4.2%	2.8%	0.9%	1.7%	2.3%	1.2%	0.1%
Net margin	1.6%	1.8%	1.7%	1.8%	1.3%	0.7%	0.6%	0.5%
Current ratio	2.1×	2.12×	1.72×	1.71×	1.64×	1.49×	1.35×	1.33×
Debt / equity	0.59×	0.56×	3.18×	3.04×	2.28×	2.24×	2.06×	2.13×
Interest coverage	2.47×	2.33×	1.5×	0.49×	1.04×	0.93×	0.62×	0.08×
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	3.8%	3.9%	11.3%	13.6%	9.9%	3.9%	4.0%	3.6%
Return on invested capital	4.1%	4.3%	3.3%	1.3%	2.7%	3.0%	2.0%	0.3%
Return on assets	2.2%	2.2%	1.8%	2.4%	2.4%	1.1%	0.9%	0.8%
Free cash flow yield	-7.6%	-99.8%	-10.2%	-11.9%	-10.3%	3.3%	15.9%	11.6%
Earnings yield	5.4%	12.2%	3.3%	2.3%	3.5%	2.3%	5.1%	2.4%
Enterprise value	₹860.2M	₹562.8M	₹1.2B	₹1.4B	₹696.1M	₹488.1M	₹335.1M	₹414M
Net debt / EBITDA	5.25×	4.66×	9.01×	7.81×	6.97×	9.27×	9×	9.89×
Cash conversion cycle (days)	192	129	211	122	93	129	86	86