Krsnaa Diagnostics Limited (KRSNAA.NS) 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

-320.3%

-₹1,056.99

vs ₹479.70 price

Levered DCF

-₹2,416.78

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 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	16.62×	32.88×	35.2×	23.27×	21.35×	6.15×	-27.68×	-53.38×
P/B	1.72×	2.95×	2.47×	1.96×	2.13×	13.37×	-15.73×	-36.49×
P/S	2.18×	3.63×	3.23×	2.97×	3.21×	7.82×	11.99×	14.81×
EV / EBITDA	8.58×	13×	13.4×	10.27×	9.65×	9.21×	-32.79×	-100×
Gross margin	39.0%	76.4%	33.0%	84.8%	86.8%	78.9%	89.3%	91.7%
Operating margin	15.7%	14.4%	11.5%	14.4%	20.0%	14.3%	11.8%	15.4%
Net margin	13.1%	10.8%	9.2%	12.8%	15.0%	46.6%	-43.3%	-27.7%
Current ratio	2.68×	1.36×	1.5×	2.25×	2.76×	1.35×	1.18×	1.09×
Debt / equity	0.55×	0.23×	0.2×	0.04×	0.06×	1×	-1.18×	-1.99×
Interest coverage	3.53×	4.2×	4.32×	9.13×	4.92×	2.19×	1.31×	2.02×
Dividend yield	0.5%	0.3%	0.4%	0.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	8.8%	10.4%	15.2%	12.6%	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	10.3%	8.8%	7.0%	8.4%	10.0%	79.8%	56.8%	68.4%
Return on invested capital	5.9%	6.9%	5.7%	6.7%	9.4%	7.3%	3.8%	5.6%
Return on assets	5.6%	6.1%	4.8%	6.8%	7.8%	30.6%	-17.8%	-11.0%
Free cash flow yield	-5.6%	-1.5%	-8.5%	-4.5%	-0.3%	1.2%	-1.3%	-1.3%
Earnings yield	6.0%	3.0%	2.8%	4.3%	4.7%	6.0%	-3.6%	-1.9%
Enterprise value	₹21.9B	₹28B	₹21.6B	₹14.5B	₹14.1B	₹33.1B	₹33.2B	₹32.6B
Net debt / EBITDA	1.98×	0.93×	0.98×	0.07×	-0.32×	0.58×	-2.21×	-4.93×
Cash conversion cycle (days)	111	-5	63	-120	-359	-237	-327	-688