Entertainment Network (India) Limited (ENIL.NS) 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

+295.6%

₹338.27

vs ₹85.50 price

Levered DCF

₹309.02

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	-64.22×	53.52×	40.76×	-3.38×	-26.73×	-6.26×	53.31×	47.24×
P/B	0.65×	0.77×	1.72×	0.75×	1.28×	0.86×	0.62×	2.72×
P/S	0.87×	1.02×	2.35×	1.11×	3.06×	2.57×	1.06×	4.15×
EV / EBITDA	13.93×	6.35×	10.71×	-11.84×	17.99×	-24.33×	5.72×	16.29×
Gross margin	19.2%	26.0%	32.4%	50.3%	6.2%	64.3%	66.3%	63.9%
Operating margin	-7.0%	-0.8%	9.5%	-34.8%	-12.4%	-30.3%	4.2%	12.1%
Net margin	-1.4%	2.0%	5.8%	-32.8%	-11.4%	-41.0%	2.0%	8.8%
Current ratio	1.86×	2.09×	1.91×	1.14×	3.04×	3.26×	2.54×	2.33×
Debt / equity	0.23×	0.23×	0.25×	0.26×	0.31×	0.26×	0.25×	0×
Interest coverage	-2.77×	-0.31×	3.5×	-10.02×	-2.27×	-4.32×	1.17×	18.75×
Dividend yield	1.9%	1.2%	0.4%	0.9%	0.5%	0.7%	1.0%	0.2%
Payout ratio	-124.4%	62.0%	14.7%	-2.9%	-13.1%	-4.3%	53.6%	8.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-1.0%	1.5%	4.2%	-22.1%	-4.8%	-13.8%	1.2%	5.8%
Return on invested capital	-1.0%	-0.3%	4.6%	-21.4%	-3.1%	-5.7%	1.4%	4.9%
Return on assets	-0.6%	1.0%	2.6%	-13.7%	-3.3%	-9.9%	0.8%	4.7%
Free cash flow yield	12.6%	3.2%	8.4%	14.6%	3.3%	3.1%	18.4%	3.5%
Earnings yield	-1.6%	1.9%	2.5%	-29.6%	-3.7%	-16.0%	1.9%	2.1%
Enterprise value	₹6.3B	₹7.4B	₹14.4B	₹7.3B	₹11.9B	₹8.9B	₹7.9B	₹25.2B
Net debt / EBITDA	2.99×	1.25×	0.9×	-2.8×	3.37×	-5.35×	1.6×	-0.15×
Cash conversion cycle (days)	-24	-159	-65	-602	-156	-97	-587	-315