Filtra Consultants and Engineers Limited (FILTRA.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

-6.7%

₹52.81

vs ₹56.58 price

Levered DCF

₹24.42

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

6.22

Safe zone

Rating

Overall 4 / 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	12.77×	27.44×	11.68×	9.9×	4.01×	3.82×	4.21×	5.13×
P/B	1.85×	3.31×	2.34×	1.27×	0.54×	0.37×	1.69×	0.89×
P/S	0.49×	0.92×	0.56×	0.28×	0.12×	0.09×	0.12×	0.18×
EV / EBITDA	9.2×	17.56×	10.22×	4.84×	1.79×	2.17×	2.98×	2.74×
Gross margin	16.3%	16.8%	16.0%	15.8%	15.9%	17.1%	16.7%	15.7%
Operating margin	4.6%	4.4%	4.3%	9.3%	5.6%	3.3%	9.7%	4.8%
Net margin	3.8%	3.4%	3.6%	3.8%	4.1%	2.3%	3.0%	3.5%
Current ratio	2.52×	2.65×	2.36×	2.25×	1.98×	1.89×	0.05×	1.62×
Debt / equity	0.05×	0×	0×	0.01×	0×	0.01×	0.2×	0.01×
Interest coverage	30.57×	55.47×	45.06×	218.15×	62.31×	31.96×	63.12×	138.12×
Dividend yield	4.6%	3.1%	0.0%	0.0%	0.0%	0.0%	17.5%	13.0%
Payout ratio	58.8%	84.7%	0.0%	0.0%	0.0%	0.0%	73.3%	66.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.5%	12.1%	15.1%	17.1%	18.0%	9.7%	40.1%	17.3%
Return on invested capital	12.5%	10.9%	13.3%	32.3%	17.4%	9.3%	-73.3%	16.1%
Return on assets	9.0%	7.9%	9.1%	10.8%	9.7%	5.0%	7.1%	8.1%
Free cash flow yield	-3.1%	0.2%	4.8%	9.6%	17.4%	22.5%	-25.6%	-75.0%
Earnings yield	7.8%	3.6%	6.4%	13.5%	33.2%	26.1%	23.8%	19.5%
Enterprise value	₹472.5M	₹779.1M	₹512.6M	₹227.3M	₹77.1M	₹45.6M	₹74.2M	₹78.4M
Net debt / EBITDA	-0.06×	-0.49×	-0.87×	-0.6×	-0.31×	-0.25×	0.13×	-0.6×
Cash conversion cycle (days)	93	81	53	55	63	66	63	39