Kumbhat Financial Services Ltd (KUMPFIN.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

-14308.7%

-₹2,381.37

vs ₹16.76 price

Levered DCF

-₹1,537.89

After debt service

Piotroski score

4 / 9

Average

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	13.48×	6.75×	-4.34×	90.7×	50.12×	-3.32×	6.65×	-2.37×
P/B	1.82×	1.74×	2.95×	1.97×	0.88×	0.68×	0.28×	0.3×
P/S	1.57×	4.53×	22.98×	31.67×	66.83×	17.2×	3.22×	3.16×
EV / EBITDA	32.18×	1,214.74×	67.34×	342.62×	-18.58×	-12.64×	4.81×	-2.51×
Gross margin	19.4%	17.5%	83.8%	81.7%	20.0%	73.4%	86.7%	89.0%
Operating margin	13.4%	0.6%	32.3%	8.3%	-357.0%	-133.3%	46.6%	-125.5%
Net margin	11.6%	66.8%	-529.3%	34.9%	133.2%	-518.4%	48.4%	-133.3%
Current ratio	22.84×	8.46×	90.68×	257.52×	345.43×	141.92×	88.4×	184.25×
Debt / equity	3.21×	2.83×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	121.56×	114×	-2,035×	0×	0×	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	13.5%	25.6%	-68.0%	2.2%	1.8%	-20.6%	4.2%	-12.5%
Return on invested capital	3.6%	0.0%	4.1%	0.4%	-4.2%	-2.7%	2.1%	-11.7%
Return on assets	3.0%	6.2%	-66.4%	2.1%	1.7%	-20.4%	4.2%	-12.4%
Free cash flow yield	-56.0%	-129.7%	-22.0%	31.9%	25.3%	-146.9%	19.6%	-51.1%
Earnings yield	7.4%	14.7%	-23.0%	1.1%	2.0%	-30.1%	15.0%	-42.2%
Enterprise value	₹306.4M	₹204.1M	₹77M	₹85.3M	₹37.7M	₹28.4M	₹10.2M	₹14.5M
Net debt / EBITDA	20.46×	666.08×	-0.73×	-8.16×	0.18×	0.3×	-2.04×	0.02×
Cash conversion cycle (days)	-75	-248	2,182	4,790	6,503	0	3,716	8,531