JMD Ventures Limited (JMDVL.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

-41.5%

₹3.76

vs ₹6.42 price

Levered DCF

₹0.09

After debt service

Piotroski score

2 / 9

Weak

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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	51.64×	15.5×	14.22×	50.17×	890.82×	-37.31×	-672.57×	-75.26×
P/B	0.42×	0.54×	0.81×	3.61×	3.88×	3.9×	3.53×	3.7×
P/S	34.53×	12.74×	4.79×	40.16×	72.22×	33.23×	85.68×	42.14×
EV / EBITDA	-88.06×	11.52×	9.82×	41.57×	584.19×	-38.32×	-1,401.87×	-58.8×
Gross margin	23.7%	52.1%	45.7%	25.3%	11.5%	-56.7%	-33.2%	-40.4%
Operating margin	-48.7%	100.4%	41.5%	16.6%	5.4%	-59.4%	-44.9%	-78.1%
Net margin	66.9%	82.2%	33.5%	79.6%	8.1%	-88.9%	-12.7%	-55.9%
Current ratio	15.17×	16.24×	18.72×	14.96×	12.05×	12.82×	21.8×	13.2×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	1,297.9×	174.03×	101.77×	-1,407.55×	-325.51×	-1,122.96×
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	0.8%	3.5%	5.7%	7.1%	0.4%	-10.4%	-0.5%	-4.9%
Return on invested capital	-0.3%	3.2%	4.9%	1.3%	0.3%	-7.0%	-1.6%	-6.2%
Return on assets	0.8%	3.3%	5.4%	6.7%	0.4%	-9.7%	-0.5%	-4.2%
Free cash flow yield	0.6%	0.2%	-0.9%	0.4%	-0.4%	-0.1%	0.4%	-1.6%
Earnings yield	1.9%	6.5%	7.0%	2.0%	0.1%	-2.7%	-0.1%	-1.3%
Enterprise value	₹159.6M	₹204.9M	₹298.7M	₹1.3B	₹1.3B	₹1.3B	₹1.3B	₹1.2B
Net debt / EBITDA	0.76×	-0.05×	-0.03×	-0.12×	-0.62×	0.05×	3.42×	0.71×
Cash conversion cycle (days)	9,181	9,751	1,705	1,490	4,809	1,492	4,817	1,263