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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
-207.0%
-₹3,050.03
vs ₹2,849.50 price
Levered DCF
₹7,572.64
After debt service
Piotroski score
4 / 9
Average
Altman Z-score
—
Rating
B-
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024
P/E111.13×162.31×
P/B27.89×30.28×
P/S15.61×20.46×
EV / EBITDA75.5×112.02×
Gross margin41.7%38.5%
Operating margin27.8%26.1%
Net margin14.1%12.6%
Current ratio1.97×1.92×
Debt / equity0.03×0.04×
Interest coverage55.52×67.6×
Dividend yield0.0%0.0%
Payout ratio0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity25.1%18.7%
Return on invested capital30.7%24.3%
Return on assets11.5%8.5%
Free cash flow yield2.8%0.0%
Earnings yield0.9%0.6%
Enterprise value₹1.2T₹975.2B
Net debt / EBITDA0.01×0.14×
Cash conversion cycle (days)45291