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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
-433.9%
-₹21.10
vs ₹6.32 price
Levered DCF
-₹22.01
After debt service
Piotroski score
1 / 9
Weak
Altman Z-score
—
Rating
D+
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-97.12×71.66×126.51×-234.94×-18.56×-10.09×117.62×84.36×
P/B9.28×7.98×9.06×12.74×12.09×7.29×4.24×4.4×
P/S10.4×8.88×6.92×10.54×22.09×9.31×4.9×2.67×
EV / EBITDA-169.52×97.38×162.84×-239.2×-25.95×-80.86×87.58×95.16×
Gross margin10.1%39.3%29.8%16.3%2.3%14.4%22.3%14.1%
Operating margin-10.6%12.2%5.1%-6.0%-105.1%-14.5%6.4%3.5%
Net margin-10.7%12.4%5.5%-4.5%-120.2%-92.0%4.2%3.1%
Current ratio38.8×73.31×69.04×0.61×0.48×0.72×1.19×1.67×
Debt / equity2.84×2.77×3.18×3.29×2.75×1.42×1.16×1.56×
Interest coverage-71.09×71.14×14.37×-13.15×-90.89×-21.61×15.13×11.89×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-9.6%11.1%7.2%-5.4%-65.8%-72.0%3.6%5.1%
Return on invested capital-2.5%2.9%1.6%-1.7%-15.3%-4.6%1.8%2.2%
Return on assets-2.5%2.9%1.7%-1.2%-17.4%-27.0%1.5%2.0%
Free cash flow yield-1.8%0.4%-19.3%-0.5%-3.3%5.9%8.6%-14.0%
Earnings yield-1.0%1.4%0.8%-0.4%-5.4%-9.9%0.9%1.2%
Enterprise value₹98.8M₹97.2M₹98.1M₹119.6M₹116.7M₹113.5M₹119.1M₹127M
Net debt / EBITDA-38.07×24.99×41.85×-48.92×-4.8×-13.12×17.65×23.86×
Cash conversion cycle (days)2619815215211399190181