India Homes Limited (INDIAHOMES.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

-110.5%

-₹2.71

vs ₹25.86 price

Levered DCF

-₹2.81

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.6

Distress zone

Rating

D+

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	29.28×	-15.57×	-11.59×	-1.7×	-2.79×	-1.48×	-0.43×	-7.5×
P/B	12.14×	7.88×	3.39×	1.25×	1.64×	0.22×	0.05×	0.24×
P/S	22.29×	27,695.66×	165.06×	12.94×	5.94×	0.21×	0.06×	0.08×
EV / EBITDA	27.28×	-133.57×	47.81×	-6.32×	-5.8×	-28.01×	-109.57×	8.75×
Gross margin	93.8%	-32.0%	12.0%	-64.7%	-7.7%	-7.6%	29.0%	18.4%
Operating margin	82.0%	-167704.0%	-1649.4%	-1123.2%	-100.9%	-29.9%	10.9%	-2.7%
Net margin	76.1%	-178580.0%	-1424.6%	-764.1%	-213.7%	-13.8%	-14.1%	-1.0%
Current ratio	0.54×	0.5×	0.48×	0.47×	0.55×	1.21×	0.56×	0.78×
Debt / equity	2.03×	3.88×	3.96×	1.39×	0.74×	0.45×	0.29×	0.53×
Interest coverage	4.39×	-3×	-1.33×	-6.43×	-3.03×	-4.77×	1.57×	-1.08×
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	41.4%	-50.8%	-29.2%	-74.1%	-59.2%	-14.6%	-12.7%	-3.1%
Return on invested capital	14.1%	-9.3%	-6.6%	-42.5%	-15.2%	-11.8%	3.6%	-3.8%
Return on assets	4.7%	-3.4%	-2.9%	-8.8%	-11.6%	-3.7%	-3.4%	-0.9%
Free cash flow yield	0.0%	-3.0%	-16.3%	-1.7%	-2.8%	-135.8%	-510.0%	-17.2%
Earnings yield	3.4%	-6.4%	-8.6%	-59.0%	-36.0%	-67.2%	-235.6%	-12.9%
Enterprise value	₹6.4B	₹3.1B	₹2.9B	₹1.3B	₹2B	₹900.4M	₹533.8M	₹1.3B
Net debt / EBITDA	3.89×	-44.05×	25.74×	-3.32×	-1.8×	-18.85×	-92.42×	6.02×
Cash conversion cycle (days)	-5,211	-955,777	-5,650	46	-234	381	-35	-19