Jayatma Enterprises Limited (JAYATMA.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

-34.0%

₹15.54

vs ₹23.55 price

Levered DCF

-₹2.74

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	11.9×	9.9×	10.51×	15.67×	23.05×	23.05×	20.35×	24.82×
P/B	0.62×	0.59×	0.73×	0.84×	1.05×	1.1×	1.16×	1.23×
P/S	10.18×	7.13×	9.79×	10.39×	12.38×	14.06×	13.59×	14.16×
EV / EBITDA	9.38×	11.69×	7.24×	14.4×	14.33×	15.72×	18.31×	20.28×
Gross margin	88.5%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	99.5%
Operating margin	-51.6%	-48.9%	-72.9%	16.9%	24.3%	-13.8%	9.4%	31.1%
Net margin	85.8%	36.0%	93.2%	66.0%	53.6%	60.8%	67.0%	57.1%
Current ratio	47.06×	40.32×	25.21×	26.36×	13.27×	17.8×	19.6×	31.79×
Debt / equity	0.02×	0.03×	0.05×	0.04×	0.06×	0.06×	0×	0.01×
Interest coverage	-16.76×	-12.72×	-17.13×	4.22×	4.92×	-8.72×	90.95×	224.94×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.3%	3.0%	7.0%	5.3%	4.5%	4.8%	5.7%	4.9%
Return on invested capital	-3.0%	-3.0%	-3.8%	1.3%	1.4%	-0.7%	0.8%	2.4%
Return on assets	5.1%	2.8%	6.4%	4.9%	4.0%	4.2%	5.3%	4.6%
Free cash flow yield	-5.6%	-6.9%	1.0%	3.2%	0.3%	-5.3%	2.3%	-3.0%
Earnings yield	8.4%	5.0%	9.5%	6.4%	4.3%	4.3%	4.9%	4.0%
Enterprise value	₹48.7M	₹46.6M	₹56.1M	₹59M	₹70.7M	₹70.3M	₹66.8M	₹68M
Net debt / EBITDA	0.01×	0.41×	0.33×	0.52×	0.59×	0.57×	-0.25×	0.08×
Cash conversion cycle (days)	-502	-3	0	-57	-114	-135	-239	-17,682