Intec Capital Limited (INTECCAP.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

-242.1%

-₹20.60

vs ₹14.50 price

Levered DCF

₹408.51

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

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	2.97×	133.25×	-5.48×	-1.1×	21.01×	1.32×	-1.65×	-6.53×
P/B	0.49×	0.84×	0.9×	0.77×	0.7×	0.36×	1.29×	0.72×
P/S	1.81×	25.7×	11.68×	16.9×	27.75×	5.06×	4.65×	1.65×
EV / EBITDA	3.94×	53.89×	-15.93×	-4.44×	-15.59×	3.52×	-3.05×	-57.14×
Gross margin	68.2%	-200.8%	-35.1%	-171.6%	-175.6%	18.8%	7.7%	31.3%
Operating margin	20.6%	-513.9%	-205.8%	-529.2%	-591.9%	-114.2%	-44.6%	9.2%
Net margin	61.0%	19.4%	-213.0%	-1538.9%	131.8%	384.4%	-281.5%	-25.2%
Current ratio	1.38×	8.38×	1×	1.14×	1.41×	1.29×	0.31×	1.53×
Debt / equity	0.59×	1.88×	1.62×	1.35×	1.69×	1.1×	1.78×	1.27×
Interest coverage	0×	-64.96×	-24.28×	-63.9×	-77.01×	-39.33×	-0.75×	2.99×
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	16.7%	0.6%	-16.5%	-70.5%	3.3%	27.0%	-77.8%	-11.0%
Return on invested capital	2.3%	-1.1%	-3.9%	-10.3%	-7.6%	-2.6%	-3.4%	1.8%
Return on assets	10.0%	0.3%	-5.9%	-29.0%	1.7%	12.5%	-26.9%	-4.7%
Free cash flow yield	115.8%	-1.2%	10.7%	4.0%	19.8%	27.4%	50.8%	166.8%
Earnings yield	33.7%	0.8%	-18.2%	-91.1%	4.7%	76.0%	-60.5%	-15.3%
Enterprise value	₹413.1M	₹930.8M	₹813.2M	₹836.8M	₹1.6B	₹931.2M	₹1.5B	₹1.7B
Net debt / EBITDA	1.99×	37.08×	-9.86×	-2.8×	-10.9×	2.63×	-1.75×	-36.18×
Cash conversion cycle (days)	784	13,823	6,997	11,996	2,772	990	297	80