Kapil Raj Finance Limited (KAPILRAJ.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

-78.8%

₹0.87

vs ₹4.10 price

Levered DCF

-₹0.08

After debt service

Piotroski score

4 / 9

Average

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	58.17×	-925.97×	-118.18×	3.5×	-3.71×	1.22×	5.13×	8.26×
P/B	2.28×	0.57×	0.15×	0.1×	0.06×	0.08×	0.04×	0.07×
P/S	39.71×	41.05×	13.54×	1.95×	0×	0.51×	0.32×	0.53×
EV / EBITDA	56.58×	-695.37×	-89.48×	-0.46×	-7.76×	1.34×	2.93×	-1.91×
Gross margin	95.1%	79.1%	76.0%	92.3%	0.0%	72.9%	31.6%	-4.4%
Operating margin	68.3%	-5.9%	-15.3%	52.0%	0.0%	56.9%	8.3%	-27.3%
Net margin	68.3%	-4.4%	-11.5%	56.0%	0.0%	41.5%	6.7%	6.5%
Current ratio	157.18×	55.61×	93.33×	31.5×	7.2×	0.22×	3.1×	1.87×
Debt / equity	0×	0×	0×	0.02×	0.12×	0.05×	0.01×	0.01×
Interest coverage	0×	0×	-134.73×	1,183.3×	0×	48.89×	307.49×	0×
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	3.9%	-0.1%	-0.1%	2.8%	-1.8%	6.7%	0.8%	0.9%
Return on invested capital	3.9%	-0.1%	-0.1%	1.9%	-1.7%	6.5%	0.7%	-3.3%
Return on assets	3.9%	-0.1%	-0.1%	2.7%	-1.7%	6.2%	0.7%	0.8%
Free cash flow yield	0.0%	-0.2%	-1.8%	-176.5%	-53.4%	67.3%	8.3%	-119.9%
Earnings yield	1.7%	-0.1%	-0.8%	28.7%	-27.5%	82.1%	21.2%	12.1%
Enterprise value	₹310.9M	₹78.2M	₹20M	-₹1.7M	₹11.4M	₹7.8M	₹1.8M	₹4.1M
Net debt / EBITDA	-1.56×	-1.32×	-0.34×	-3.07×	-5.04×	0.45×	-0.52×	0.07×
Cash conversion cycle (days)	-747	-255	-180	-64	-998	-18	-416	-347