Hiliks Technologies Ltd. (HILIKS.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

-364.2%

-₹198.17

vs ₹75.01 price

Levered DCF

-₹632.78

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	55.92×	105.95×	306.56×	231.19×	5,520.9×	90.22×	205.5×	108.79×
P/B	1.72×	2.41×	2.09×	3.22×	3.27×	3.27×	3.39×	3.45×
P/S	1.55×	7.05×	16.24×	4.99×	1.82×	1.86×	4.12×	9.31×
EV / EBITDA	23.12×	32.51×	125.46×	82.74×	100.36×	52×	90.22×	144.51×
Gross margin	43.1%	163.2%	104.5%	19.0%	6.5%	8.0%	6.8%	22.1%
Operating margin	4.2%	46.3%	5.7%	3.9%	0.8%	2.7%	1.0%	17.5%
Net margin	2.8%	6.6%	5.3%	2.2%	0.0%	2.0%	2.0%	8.6%
Current ratio	1.6×	6.01×	2.4×	1.51×	1.11×	0.97×	1.2×	1.81×
Debt / equity	0×	0×	0×	0.01×	0.01×	0.02×	0.02×	0×
Interest coverage	19.52×	35.15×	5.79×	3.76×	10.37×	14.97×	8.86×	0×
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	3.1%	2.3%	0.7%	1.4%	0.1%	3.5%	1.7%	3.2%
Return on invested capital	3.2%	11.5%	0.4%	1.8%	0.1%	3.8%	0.5%	4.5%
Return on assets	2.3%	2.1%	0.5%	1.0%	0.0%	1.5%	1.0%	2.7%
Free cash flow yield	-11.3%	-24.1%	-10.8%	-0.2%	-1.3%	6.2%	4.0%	-2.6%
Earnings yield	1.8%	0.9%	0.3%	0.4%	0.0%	1.1%	0.5%	0.9%
Enterprise value	₹451.1M	₹491.9M	₹159.5M	₹187.5M	₹187.2M	₹184.7M	₹181.5M	₹187.5M
Net debt / EBITDA	-0.39×	-0.01×	-1.41×	-0.17×	-0.38×	-0.9×	-3.18×	-0.26×
Cash conversion cycle (days)	406	109	16,639	87	11	-52	-19	134