Kretto Syscon Limited (KRETTOSYS.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

+3.1%

₹0.41

vs ₹0.40 price

Levered DCF

₹0.14

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

15.5

Safe zone

Rating

B-

Overall 3 / 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	17.67×	28.38×	75×	67.5×	130.26×	101.91×	85.19×	91.87×
P/B	0.51×	1.73×	1.14×	0.77×	1.43×	0.75×	0.59×	1.06×
P/S	6.04×	10.69×	0×	0×	6.7×	0×	0×	32.96×
EV / EBITDA	12.81×	20.51×	55.81×	49.21×	94.22×	72.56×	59.67×	-53.87×
Gross margin	57.4%	54.6%	0.0%	0.0%	-1.7%	0.0%	0.0%	-0.5%
Operating margin	46.7%	44.6%	0.0%	0.0%	-12.4%	0.0%	0.0%	-66.3%
Net margin	34.2%	37.7%	0.0%	0.0%	5.1%	0.0%	0.0%	35.9%
Current ratio	7.81×	7.22×	0.04×	0.41×	0.18×	0.13×	0.09×	0.53×
Debt / equity	0.01×	0.01×	0.06×	0×	0×	0×	0×	0×
Interest coverage	57.57×	12,236.5×	-30.82×	-2,064.71×	-202.63×	-1,784.52×	0×	-1,384.97×
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	2.9%	6.1%	1.5%	1.1%	1.1%	0.7%	0.7%	1.2%
Return on invested capital	2.9%	5.3%	-1.5%	-1.7%	-2.0%	-2.3%	-1.1%	-1.6%
Return on assets	2.9%	5.9%	1.4%	1.1%	1.0%	0.7%	0.6%	1.1%
Free cash flow yield	8.2%	-2.8%	-2.0%	1.2%	0.6%	1.2%	-3.4%	-0.7%
Earnings yield	5.7%	3.5%	1.3%	1.5%	0.8%	1.0%	1.2%	1.1%
Enterprise value	₹358.1M	₹1.1B	₹200.7M	₹126.9M	₹232.8M	₹120M	₹93.6M	₹167.7M
Net debt / EBITDA	0.06×	-0.46×	2.82×	-0.03×	-0.01×	-0.87×	0.05×	0.01×
Cash conversion cycle (days)	384	246	-16,064	-34,485	-115	-17,633	-15,794	-564