AION-TECH Solutions Limited (GOLDTECH.NS) 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

-100.4%

-₹0.15

vs ₹40.50 price

Levered DCF

-₹20.71

After debt service

Piotroski score

1 / 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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	154.7×	19.05×	-205.16×	352.69×	404.74×	-27.9×	-114.37×	-27.98×
P/B	4.06×	1.97×	6.66×	2.29×	2.99×	0.37×	0.33×	0.56×
P/S	9.18×	2.12×	4.79×	1.71×	3.31×	0.32×	0.34×	0.59×
EV / EBITDA	136.37×	11.85×	426.94×	56.17×	147×	43×	22.37×	27.58×
Gross margin	15.3%	82.4%	8.2%	8.7%	4.9%	8.5%	8.9%	12.6%
Operating margin	-6.6%	-5.6%	0.2%	1.4%	-2.3%	0.2%	1.9%	2.5%
Net margin	5.9%	11.1%	-2.3%	0.5%	0.8%	-1.1%	-0.3%	-2.1%
Current ratio	1.18×	2.77×	2.28×	3.23×	4.25×	4.77×	3.32×	4.37×
Debt / equity	0.31×	0.07×	0.23×	0.15×	0.06×	0×	0.09×	0.05×
Interest coverage	-1.42×	-4.68×	0.23×	2.37×	-9.41×	0.42×	2.49×	3.35×
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	2.6%	10.3%	-3.3%	0.7%	0.8%	-1.3%	-0.3%	-2.0%
Return on invested capital	-0.8%	-3.6%	0.3%	0.4%	-1.1%	0.2%	-2.8%	-12.6%
Return on assets	1.8%	7.8%	-2.1%	0.5%	0.6%	-1.0%	-0.2%	-1.5%
Free cash flow yield	0.0%	-6.5%	-0.3%	-10.7%	3.6%	13.6%	-20.8%	-5.0%
Earnings yield	0.6%	5.2%	-0.5%	0.3%	0.3%	-3.5%	-0.9%	-3.6%
Enterprise value	₹13.3B	₹1.9B	₹4.6B	₹1.7B	₹2B	₹144.5M	₹152.6M	₹217.3M
Net debt / EBITDA	8.79×	0.34×	13.84×	3.25×	2.11×	-5.36×	0.89×	-3.56×
Cash conversion cycle (days)	137	-169	35	-47	24	23	34	24