Hindustan Media Ventures Limited (HMVL.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

+806.7%

₹652.83

vs ₹72.00 price

Levered DCF

₹223.37

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B+

Overall 3 / 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	2.91×	8.05×	81.93×	-8.06×	11.13×	6.34×	2.41×	11.91×
P/B	0.26×	0.41×	0.55×	0.21×	0.28×	0.28×	0.19×	0.62×
P/S	0.56×	0.85×	1.16×	0.43×	0.67×	0.82×	0.36×	1×
EV / EBITDA	2.55×	5.97×	27.63×	-44.35×	6.42×	4.1×	1.84×	6.35×
Gross margin	49.0%	23.8%	15.3%	56.0%	16.1%	58.5%	55.8%	45.5%
Operating margin	12.8%	-6.9%	-13.0%	-14.8%	-1.5%	-3.5%	9.4%	3.4%
Net margin	19.1%	10.6%	1.4%	-5.3%	6.1%	13.0%	14.8%	8.4%
Current ratio	1.51×	1.81×	1.5×	1.23×	1.9×	1.19×	1.86×	3.3×
Debt / equity	0.05×	0.03×	0.06×	0.07×	0.08×	0.06×	0.09×	0.05×
Interest coverage	12.29×	-7.64×	-7.25×	-6.55×	-1.11×	-2.36×	8.57×	1.79×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.8%	1.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	9.1%	12.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	8.9%	5.1%	0.7%	-2.6%	2.6%	4.4%	7.7%	5.2%
Return on invested capital	4.8%	-3.1%	7.6%	-4.7%	-0.5%	-1.0%	3.1%	1.4%
Return on assets	5.7%	3.4%	0.4%	-1.7%	1.9%	3.3%	6.1%	4.1%
Free cash flow yield	18.5%	5.3%	0.2%	12.4%	8.6%	44.3%	16.8%	-1.1%
Earnings yield	34.3%	12.4%	1.2%	-12.4%	9.0%	15.8%	41.5%	8.4%
Enterprise value	₹4.8B	₹6.4B	₹8.6B	₹4B	₹5.5B	₹5.1B	₹3.8B	₹8.4B
Net debt / EBITDA	0.36×	0.16×	1.47×	-9.89×	1.18×	0.54×	0.49×	-0.09×
Cash conversion cycle (days)	-39	11	38	7	56	17	37	28