Inspirisys Solutions Limited (INSPIRISYS.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

-22.1%

₹68.37

vs ₹87.80 price

Levered DCF

₹97.51

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.59

Grey zone

Rating

C+

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	6.9×	9.43×	118.87×	-69.06×	-17.17×	-62.15×	32.22×	243.48×
P/B	2.82×	5.11×	14.89×	-20.92×	290.11×	11.6×	4.42×	-14.35×
P/S	0.59×	0.77×	0.89×	0.47×	0.67×	0.44×	0.17×	0.31×
EV / EBITDA	8.69×	9.61×	14.61×	7.77×	832.83×	16.71×	7.84×	13.25×
Gross margin	15.1%	14.9%	36.4%	15.6%	40.0%	37.0%	40.1%	12.3%
Operating margin	7.4%	7.3%	6.1%	6.6%	-2.0%	1.3%	3.0%	3.6%
Net margin	8.6%	8.2%	0.7%	-0.7%	-3.9%	-0.7%	0.5%	0.1%
Current ratio	1.67×	1.72×	0.9×	0.75×	0.72×	0.81×	0.95×	0.88×
Debt / equity	0.82×	1.44×	3×	-12.55×	138.13×	6.45×	8.03×	-15.3×
Interest coverage	4.54×	3.22×	2.83×	3.12×	-1.06×	0.62×	1.07×	1.1×
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	40.9%	54.2%	12.5%	30.3%	-1688.6%	-18.7%	13.7%	-5.8%
Return on invested capital	18.8%	19.7%	19.4%	18.3%	-5.8%	4.4%	3.5%	1.9%
Return on assets	11.4%	11.9%	1.4%	-1.2%	-6.7%	-1.2%	0.8%	0.2%
Free cash flow yield	6.2%	11.8%	5.7%	8.9%	-6.1%	38.0%	48.1%	-0.8%
Earnings yield	14.5%	10.6%	0.8%	-1.5%	-5.8%	-1.6%	3.1%	0.4%
Enterprise value	₹3.5B	₹3.6B	₹4.8B	₹2.5B	₹3.2B	₹2.5B	₹2B	₹3.3B
Net debt / EBITDA	1.71×	1.58×	1.23×	2.31×	229.71×	4.62×	4.85×	6.61×
Cash conversion cycle (days)	19	36	18	51	48	24	54	71