Empower India Limited (EMPOWER.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

+137.9%

₹3.21

vs ₹1.35 price

Levered DCF

₹14.26

After debt service

Piotroski score

4 / 9

Average

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	6.87×	34.72×	49.33×	221.43×	-187.5×	-2.28×	-1.58×	633.33×
P/B	0.38×	0.58×	1.14×	0.12×	0.06×	0.07×	0.08×	0.07×
P/S	0.81×	2.78×	2.92×	3.71×	2.79×	0×	522.75×	24.16×
EV / EBITDA	8.37×	29.23×	48.5×	178.89×	-86,971.89×	-2.31×	-14.32×	3,569.13×
Gross margin	1.2%	-0.1%	3.5%	4.9%	-0.0%	0.0%	98.6%	-7.7%
Operating margin	0.9%	-0.4%	3.2%	2.1%	-1.4%	0.0%	-664.3%	-19.6%
Net margin	11.7%	8.0%	5.9%	1.6%	-1.4%	0.0%	-31739.5%	3.2%
Current ratio	1.94×	0.4×	0.91×	1.04×	1.34×	2.67×	0.87×	0.85×
Debt / equity	0.11×	0.07×	0×	0×	0×	0×	0.62×	0.49×
Interest coverage	13,199×	-1,256×	2,706.14×	36.16×	0×	-511.5×	0×	-14.34×
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	5.6%	1.7%	2.3%	0.1%	-0.0%	-3.0%	-5.0%	0.0%
Return on invested capital	0.4%	-0.1%	1.2%	0.1%	-0.0%	-0.0%	-0.1%	-0.0%
Return on assets	4.2%	1.6%	2.2%	0.1%	-0.0%	-2.9%	-2.9%	0.0%
Free cash flow yield	0.0%	4.7%	-1.9%	-3.5%	350.6%	-133.6%	63.8%	-5.5%
Earnings yield	14.6%	2.9%	2.0%	0.4%	-0.5%	-43.8%	-60.7%	0.1%
Enterprise value	₹1.5B	₹1.6B	₹3.4B	₹367.4M	₹173.9M	₹174M	₹1.9B	₹1.9B
Net debt / EBITDA	1.53×	-3.46×	-0.11×	3.25×	313×	0.01×	-12.63×	3,147.14×
Cash conversion cycle (days)	62	-39	-19	32	71	0	-14,026,768	54,855