GTV Engineering Limited (GTV.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

-44.7%

₹9.79

vs ₹17.71 price

Levered DCF

-₹5.58

After debt service

Piotroski score

2 / 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	17.82×	22.75×	30×	20×	48.15×	13.38×	12.24×	12.11×
P/B	4.15×	5.32×	4.44×	2.66×	1.64×	0.29×	0.38×	0.42×
P/S	2.5×	2.45×	1.34×	0.93×	0.57×	0.14×	0.15×	0.15×
EV / EBITDA	13.89×	15.45×	27.68×	26×	25.78×	3.64×	12.89×	13.23×
Gross margin	25.7%	25.2%	11.4%	0.6%	-4.9%	4.2%	13.0%	13.1%
Operating margin	17.2%	14.9%	10.1%	3.2%	1.1%	1.5%	10.0%	10.0%
Net margin	14.0%	10.7%	4.5%	4.6%	1.2%	1.1%	1.3%	1.2%
Current ratio	2.14×	2.08×	1.39×	1.45×	1.31×	1.2×	1.18×	1.33×
Debt / equity	0.12×	0.24×	0.48×	0.24×	0.22×	0.25×	0.19×	0.29×
Interest coverage	206.34×	55.15×	14.55×	12.61×	3.8×	5.92×	0×	0×
Dividend yield	0.2%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	3.3%	1.4%	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	23.3%	23.4%	14.9%	13.2%	3.4%	2.2%	3.2%	3.4%
Return on invested capital	18.9%	18.9%	17.9%	6.4%	1.8%	1.6%	16.6%	16.9%
Return on assets	15.2%	15.5%	7.1%	7.2%	1.9%	1.1%	1.4%	1.5%
Free cash flow yield	-1.2%	0.7%	1.9%	-1.7%	-16.9%	65.3%	10.7%	5.2%
Earnings yield	5.6%	4.4%	3.3%	5.0%	2.1%	7.7%	8.3%	8.2%
Enterprise value	₹2.6B	₹2.5B	₹1.6B	₹876.1M	₹482.9M	₹50.6M	₹127M	₹152.2M
Net debt / EBITDA	0.09×	0.06×	0.01×	1.58×	2.23×	-1.75×	2.99×	4.34×
Cash conversion cycle (days)	140	61	98	98	61	70	74	12