Innovassynth Investments Limited (INOVSYNTH.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

-73.2%

₹40.75

vs ₹151.85 price

Levered DCF

-₹1.91

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	-18.12×	21.61×	-76.57×	-25.45×	38.2×	-27.52×	-11.96×	-35.23×
P/B	5.52×	1.79×	1.8×	1.09×	1.25×	0.72×	0.33×	0.92×
P/S	5.06×	2.23×	0×	2,048.77×	0×	4,783.72×	1,519.53×	4,276.24×
EV / EBITDA	-19.75×	9.75×	0×	-123.08×	-131.38×	-60.1×	-41.22×	-53.33×
Gross margin	40.3%	43.3%	0.0%	100.0%	0.0%	100.0%	100.0%	90.9%
Operating margin	-37.0%	19.7%	0.0%	-1798.0%	0.0%	-9343.3%	-1509.3%	-8800.0%
Net margin	-28.0%	-4.7%	0.0%	-8045.9%	0.0%	-17380.0%	-12709.3%	-12329.5%
Current ratio	0.65×	0.01×	0×	0.01×	0×	0×	0.01×	0.05×
Debt / equity	1.19×	0.04×	0.1×	0.09×	0.08×	0.13×	0.11×	0.09×
Interest coverage	-5.27×	5.53×	-1.02×	-1.16×	-1.39×	-1.16×	-0.31×	-2.49×
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	-30.5%	-3.8%	-2.3%	-4.3%	3.3%	-2.6%	-2.7%	-2.6%
Return on invested capital	-9.9%	1.5%	-0.9%	-0.9%	-0.9%	-1.3%	-0.3%	-1.7%
Return on assets	-10.4%	-9.6%	-2.0%	-3.8%	3.0%	-2.3%	-2.4%	-2.4%
Free cash flow yield	-9.8%	4.5%	-0.5%	-0.9%	-0.7%	-2.0%	-5.5%	-2.6%
Earnings yield	-5.5%	-2.1%	-1.3%	-3.9%	2.6%	-3.6%	-8.4%	-2.9%
Enterprise value	₹6.3B	₹2.2B	₹686.4M	₹433.7M	₹492.1M	₹168.5M	₹87.3M	₹206.3M
Net debt / EBITDA	-3.39×	0.19×	0×	-9.13×	-7.59×	-8.91×	-10.36×	-4.69×
Cash conversion cycle (days)	-124	58	-148	0	0	0	0	-83,676