Fervent Synergies Limited (FERVENTSYN.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

+245.5%

₹53.72

vs ₹15.55 price

Levered DCF

₹9.55

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	24.35×	31.94×	-4.76×	210.68×	-186.87×	254.64×	201.25×	60.98×
P/B	1.63×	1.94×	2.01×	1.12×	1.03×	1.03×	1.13×	1.75×
P/S	5.71×	2.91×	2.51×	10.48×	0×	20.11×	6.57×	4.5×
EV / EBITDA	24.09×	31.57×	-4.79×	101.19×	-274.51×	159.08×	101.83×	42.56×
Gross margin	29.9%	12.1%	9.2%	25.0%	0.0%	37.1%	14.4%	11.9%
Operating margin	23.4%	10.7%	6.2%	9.5%	0.0%	10.8%	5.8%	8.4%
Net margin	23.4%	9.1%	-52.8%	5.0%	0.0%	7.9%	3.2%	7.4%
Current ratio	221.55×	1,169.62×	795.38×	206.08×	778.76×	43.67×	35.1×	39.78×
Debt / equity	0.01×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	532.03×	17,433×	36.24×	0×	0×	29.83×	3×	23.71×
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	6.7%	6.1%	-42.3%	0.5%	-0.6%	0.4%	0.6%	2.9%
Return on invested capital	6.6%	7.2%	4.9%	0.5%	-0.5%	0.4%	0.8%	2.3%
Return on assets	6.6%	6.1%	-42.1%	0.5%	-0.6%	0.4%	0.5%	2.8%
Free cash flow yield	-4.8%	-16.0%	-0.3%	-0.2%	-5.0%	0.4%	0.0%	15.4%
Earnings yield	4.1%	3.1%	-21.0%	0.5%	-0.5%	0.4%	0.5%	1.6%
Enterprise value	₹936.7M	₹942.9M	₹610.8M	₹483.3M	₹441.1M	₹443.8M	₹484M	₹768.3M
Net debt / EBITDA	0.1×	-0.02×	0×	-0.44×	1.78×	-0.28×	0.21×	1.01×
Cash conversion cycle (days)	0	0	342	111	0	3,319	511	255