Exhicon Events Media Solutions (EXHICON.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

-65.9%

₹160.04

vs ₹470.00 price

Levered DCF

-₹996.83

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

10.17

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	14×	12.63×	34.69×	8.72×	18.51×	680.16×
P/B	2.85×	2.93×	5.45×	4.41×	15.98×	251.98×
P/S	2.81×	2.29×	5.13×	1.36×	1.72×	8.43×
EV / EBITDA	9.71×	8.31×	21.43×	5.79×	12.26×	191.82×
Gross margin	33.6%	37.7%	26.8%	23.9%	18.5%	9.7%
Operating margin	24.4%	22.9%	20.0%	19.6%	12.4%	2.9%
Net margin	20.1%	18.1%	14.8%	15.6%	9.3%	1.2%
Current ratio	3.73×	4.42×	5.08×	2.28×	0.92×	1×
Debt / equity	0.1×	0×	0.01×	0.05×	0.21×	5.18×
Interest coverage	28.21×	349.4×	209.32×	71.42×	66.14×	9.45×
Dividend yield	0.0%	0.4%	0.2%	0.0%	0.0%	0.0%
Payout ratio	0.5%	5.0%	8.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	20.4%	23.2%	15.7%	50.7%	86.3%	37.0%
Return on invested capital	19.2%	22.5%	15.9%	43.0%	62.7%	10.7%
Return on assets	15.4%	18.2%	12.7%	32.4%	24.1%	1.5%
Free cash flow yield	-3.8%	1.6%	-7.7%	-4.3%	0.3%	1.1%
Earnings yield	7.1%	7.9%	2.9%	11.5%	5.4%	0.1%
Enterprise value	₹5.6B	₹3.2B	₹4.3B	₹798.6M	₹788M	₹812.4M
Net debt / EBITDA	-0.16×	-0.31×	-1.12×	0×	-0.16×	3.38×
Cash conversion cycle (days)	112	110	67	80	-34	-80