Elcid Investments Ltd. (ELCIDIN.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

+27.3%

₹125,220.44

vs ₹98,400.00 price

Levered DCF

₹79,760.90

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

0.93

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	16.21×	17.35×	0×	0×	0×	0×	0×	0×
P/B	0.2×	0.29×	0×	0×	0×	0×	0×	0×
P/S	12.99×	15.68×	0×	0×	0×	0.01×	0×	0×
EV / EBITDA	13.59×	12.82×	-0.02×	-0.11×	-0.01×	-0.08×	-0.09×	-0.01×
Gross margin	99.0%	99.8%	99.9%	99.7%	99.9%	99.3%	99.6%	99.4%
Operating margin	94.5%	121.6%	168.3%	72.6%	99.6%	252.2%	85.2%	146.5%
Net margin	80.2%	90.4%	128.0%	52.3%	74.2%	191.9%	87.1%	135.3%
Current ratio	0×	0.24×	0.37×	1.15×	0.1×	2.11×	45.58×	39.71×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	708.2%	467.3%	714.3%	96.6%	208.8%	291.7%
Payout ratio	0.5%	0.3%	0.3%	0.4%	0.3%	0.4%	0.5%	0.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.3%	1.7%	1.5%	0.7%	0.8%	0.8%	1.1%	1.1%
Return on invested capital	1.1%	1.4%	1.4%	0.6%	0.8%	0.7%	1.0%	0.8%
Return on assets	1.1%	1.4%	1.4%	0.6%	0.8%	0.7%	1.0%	0.8%
Free cash flow yield	3.6%	3.3%	94654.0%	56209.3%	141665.2%	-433.3%	-668.9%	-746.8%
Earnings yield	6.2%	5.8%	248916.9%	114350.2%	238187.6%	26195.6%	42251.8%	44129.4%
Enterprise value	₹17.6B	₹26.5B	-₹36.4M	-₹110.4M	-₹12.9M	-₹85.1M	-₹64.9M	-₹4.1M
Net debt / EBITDA	-0.02×	-0.01×	-0.02×	-0.11×	-0.01×	-0.08×	-0.09×	-0.01×
Cash conversion cycle (days)	0	0	1	0	0	1	0	-89