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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
-27.7%
₹1,444.89
vs ₹1,999.10 price
Levered DCF
₹1,392.73
After debt service
Piotroski score
—
Altman Z-score
—
Rating
C-
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024
P/E32.72×2,502.44×
P/B6.11×4.53×
P/S3.29×2.58×
EV / EBITDA17.14×14.06×
Gross margin38.9%0.4%
Operating margin14.9%13.9%
Net margin10.0%8.7%
Current ratio1.43×1.71×
Debt / equity0.31×0.23×
Interest coverage9.56×7.75×
Dividend yield0.2%0.0%
Payout ratio6.2%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity18.7%15.3%
Return on invested capital15.0%17.6%
Return on assets9.6%8.3%
Free cash flow yield1.6%2.2%
Earnings yield3.1%3.4%
Enterprise value₹316.3B₹210.3B
Net debt / EBITDA0.75×0.6×
Cash conversion cycle (days)1402,679