Espire Hospitality Limited (ESPIRE.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

-14763.4%

-₹19,179.72

vs ₹130.80 price

Levered DCF

-₹18,321.56

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 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	47.7×	79.96×	88.12×	427.1×	-1,543.72×	-186.85×	-1,252.65×	-1,698.67×
P/B	7.58×	13.93×	67.84×	160.87×	228.29×	199.05×	95.34×	88.98×
P/S	2.89×	5.07×	6.29×	6.49×	71.58×	1,126.37×	1,383.83×	408.15×
EV / EBITDA	16.53×	31.01×	36.89×	36.8×	283.93×	-188.78×	-2,371.79×	-1,434.33×
Gross margin	58.4%	92.0%	50.8%	35.3%	3.3%	61.6%	-60.7%	100.0%
Operating margin	10.7%	14.3%	9.4%	5.1%	-28.3%	-598.1%	-150.8%	52.9%
Net margin	6.1%	6.9%	7.1%	1.5%	-4.6%	-607.3%	-110.4%	-24.0%
Current ratio	1.86×	2.53×	1.01×	0.24×	0.63×	2.17×	0×	0×
Debt / equity	2.76×	2.54×	16.21×	23.46×	10.55×	0×	0×	0×
Interest coverage	1.49×	2.49×	2.57×	1.46×	-4.77×	0×	0×	0×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	15.9%	19.0%	77.1%	37.5%	-14.8%	-107.3%	-7.6%	-5.2%
Return on invested capital	5.1%	8.3%	5.3%	3.0%	18.6%	-105.4%	-7.5%	10.5%
Return on assets	3.4%	4.6%	3.7%	1.1%	-1.1%	-103.9%	-7.3%	-5.1%
Free cash flow yield	-6.9%	-7.9%	-14.4%	-3.4%	-2.2%	0.0%	-0.1%	0.1%
Earnings yield	2.1%	1.4%	1.1%	0.2%	-0.1%	-0.5%	-0.1%	-0.1%
Enterprise value	₹5.3B	₹7.2B	₹2.8B	₹1.4B	₹1.3B	₹1.2B	₹1.2B	₹1.2B
Net debt / EBITDA	4.38×	4.76×	7.08×	4.66×	12.25×	0.02×	0.05×	1.69×
Cash conversion cycle (days)	117	-330	-4	-24	38	53	264	0