Dynavision Limited (DYNAVSN.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

+101.0%

₹433.10

vs ₹215.50 price

Levered DCF

₹131.55

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	7.4×	22.09×	15.84×	10.1×	11.36×	5.67×	2.6×	4.57×
P/B	1.92×	4.74×	5.71×	4.32×	8.7×	16.76×	-1.48×	-2.74×
P/S	4.42×	8.28×	9.99×	6.48×	7.67×	4.24×	1.86×	3.19×
EV / EBITDA	6.41×	10.5×	12.22×	6.96×	8.17×	4.04×	1.88×	1.38×
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	59.0%	88.9%	89.8%	89.0%	89.2%	87.1%	88.9%	90.5%
Net margin	59.7%	37.5%	63.1%	64.1%	67.5%	74.9%	71.7%	69.8%
Current ratio	8.17×	4.86×	7.23×	7.62×	10.81×	8.45×	1.8×	16.89×
Debt / equity	0.64×	0.96×	1.34×	0×	0×	0×	0×	0×
Interest coverage	3.48×	4.35×	6.73×	18.05×	19.38×	16.93×	20.15×	22.95×
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	25.9%	21.4%	36.1%	42.8%	76.6%	295.8%	-56.9%	-59.9%
Return on invested capital	10.7%	11.5%	10.8%	16.8%	19.5%	19.1%	24.9%	35.8%
Return on assets	10.6%	6.8%	9.6%	14.5%	17.9%	19.9%	25.5%	34.3%
Free cash flow yield	13.3%	-8.4%	-20.4%	-5.7%	8.2%	11.5%	-12.1%	17.7%
Earnings yield	13.5%	4.5%	6.3%	9.9%	8.8%	17.7%	38.5%	21.9%
Enterprise value	₹794.7M	₹1.3B	₹1.3B	₹486.4M	₹575.3M	₹252.5M	₹117.6M	₹87.7M
Net debt / EBITDA	1.58×	1.58×	2.22×	-0.19×	-0.01×	-0.11×	-0.05×	-1.93×
Cash conversion cycle (days)	0	0	48	18	42	57	0	0