Gowra Leasing and Finance Limited (GOWRALE.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

+2075.0%

₹1,921.57

vs ₹88.35 price

Levered DCF

-₹3,630.12

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.73

Safe zone

Rating

A-

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	9.52×	6.35×	5.15×	5.38×	9.01×	6.52×	7.25×	8.92×
P/B	0.82×	0.82×	0.66×	0.37×	0.48×	0.36×	0.35×	0.39×
P/S	4.85×	4.84×	4.14×	3.46×	5.48×	3.42×	3.7×	4.38×
EV / EBITDA	9.68×	14.25×	9.42×	3.48×	7.16×	5.21×	5.75×	6.55×
Gross margin	71.0%	88.3%	87.9%	104.1%	73.9%	81.3%	100.0%	78.5%
Operating margin	66.1%	90.4%	82.4%	84.7%	66.2%	72.9%	68.9%	56.9%
Net margin	51.0%	76.2%	80.4%	64.3%	60.9%	52.3%	51.0%	49.0%
Current ratio	1.23×	1,647.8×	486.5×	238.66×	169.82×	205.41×	2.92×	118.15×
Debt / equity	0.26×	0.64×	0.03×	0×	0×	0.01×	0×	0×
Interest coverage	0×	0×	707.78×	468.59×	34.42×	326.1×	688.64×	105.77×
Dividend yield	0.0%	0.0%	0.0%	0.0%	4.4%	6.2%	6.7%	6.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	39.5%	40.7%	48.3%	54.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.6%	12.8%	12.7%	6.8%	5.4%	5.5%	4.8%	4.4%
Return on invested capital	6.5%	6.8%	5.4%	6.0%	4.7%	5.5%	4.4%	3.4%
Return on assets	6.7%	7.8%	12.3%	6.7%	5.3%	4.9%	4.2%	3.9%
Free cash flow yield	-39.9%	-120.9%	-10.1%	4.5%	-1.7%	-19.1%	11.4%	-38.6%
Earnings yield	10.5%	15.7%	19.4%	18.6%	11.1%	15.3%	13.8%	11.2%
Enterprise value	₹729.9M	₹485.4M	₹116.8M	₹53.4M	₹67.8M	₹48.5M	₹44.6M	₹49.3M
Net debt / EBITDA	2.35×	6.25×	0.23×	-0.13×	-0.06×	0.04×	-0.05×	-0.03×
Cash conversion cycle (days)	0	0	1,868	2,420	2,841	2,623	2,691	2,809