KK Shah Hospitals Limited (KKSHL.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

-242.5%

-₹64.13

vs ₹45.00 price

Levered DCF

-₹157.04

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

8.6

Safe zone

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
P/E	-40.49×	-87.8×	49.53×	76.49×
P/B	1.97×	2.12×	2.13×	5.62×
P/S	2.67×	3.17×	4.36×	7.88×
EV / EBITDA	25.91×	41×	47.96×	42.35×
Gross margin	71.5%	71.7%	75.2%	78.1%
Operating margin	66.4%	68.1%	73.0%	77.2%
Net margin	-6.6%	-3.6%	8.8%	10.3%
Current ratio	0.65×	0.6×	3.86×	4.42×
Debt / equity	0×	0×	0×	0×
Interest coverage	0×	0×	5,022×	0×
Dividend yield	0.0%	1.2%	0.0%	0.0%
Payout ratio	0.0%	-104.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023
Return on equity	-4.9%	-2.4%	4.3%	7.3%
Return on invested capital	41.8%	45.7%	31.0%	47.0%
Return on assets	-4.1%	-2.0%	4.2%	6.7%
Free cash flow yield	-23.4%	-16.4%	-5.2%	-5.0%
Earnings yield	-2.5%	-1.1%	2.0%	1.3%
Enterprise value	₹247.6M	₹281.4M	₹291.9M	₹266M
Net debt / EBITDA	-0.48×	-0.54×	-1.32×	-3.21×
Cash conversion cycle (days)	-215	-287	-29	-42