Imagicaaworld Entertainment Limited (IMAGICAA.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

+1206.8%

₹546.12

vs ₹41.79 price

Levered DCF

₹169.49

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

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	3,746×	48.2×	7.14×	4.34×	-2.9×	-1.26×	-0.33×	-1.3×
P/B	1.9×	2.95×	4.86×	10.47×	-0.82×	-0.55×	-0.38×	9.71×
P/S	6.38×	9.02×	14.85×	9.83×	9.81×	15.43×	0.66×	1.88×
EV / EBITDA	21.37×	20.85×	6.43×	10.53×	53.33×	-130.2×	-8.27×	28.6×
Gross margin	49.3%	57.0%	85.7%	88.9%	133.0%	86.8%	88.7%	89.5%
Operating margin	4.8%	21.1%	66.4%	-2.3%	-82.1%	-594.3%	-52.4%	-22.8%
Net margin	0.2%	18.8%	208.0%	142.5%	-338.8%	-1223.4%	-198.7%	-144.7%
Current ratio	0.51×	0.61×	0.52×	0.15×	0.08×	0.07×	0.08×	0.12×
Debt / equity	0.27×	0.13×	0.32×	3.43×	-1.25×	-1.74×	-3.06×	23.06×
Interest coverage	0.91×	8.07×	110.45×	-0.11×	-0.31×	-0.8×	-0.7×	-0.41×
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	0.1%	6.2%	68.1%	151.9%	28.3%	43.5%	113.1%	-747.8%
Return on invested capital	0.1%	4.9%	16.4%	-0.5%	-27.2%	-28.3%	-14.4%	-4.9%
Return on assets	0.0%	4.1%	49.3%	32.3%	-28.0%	-28.7%	-38.6%	-26.7%
Free cash flow yield	1.8%	0.6%	1.1%	3.4%	0.6%	0.7%	9.2%	8.8%
Earnings yield	0.0%	2.1%	14.0%	14.5%	-34.5%	-79.3%	-301.7%	-77.0%
Enterprise value	₹27B	₹38.1B	₹40.1B	₹32.1B	₹17.8B	₹14.1B	₹12.1B	₹15.2B
Net debt / EBITDA	2.5×	0.62×	0.24×	2.45×	32.14×	-99×	-7.37×	20.11×
Cash conversion cycle (days)	-6	-35	-70	-97	-1,342	6,390	1,001	1,304