Lippi Systems Limited (LIPPISYS.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

-102.0%

-₹4.19

vs ₹215.00 price

Levered DCF

-₹4.23

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	6.59×	-20.75×	-12.74×	-5.48×	14.96×	-10.66×	35.62×	10.17×
P/B	1×	0.73×	0.5×	0.39×	0.52×	0.19×	0.27×	0.35×
P/S	0×	50.32×	20.83×	51.81×	1.19×	0.34×	0.47×	0.5×
EV / EBITDA	4.78×	-32.43×	-19.05×	-5.06×	4.46×	7.7×	5.41×	5.05×
Gross margin	0.0%	95.3%	94.7%	-14.5%	42.6%	46.0%	49.9%	51.5%
Operating margin	0.0%	-14.3%	18.8%	-327.2%	-17.6%	-4.9%	-0.4%	5.3%
Net margin	0.0%	-242.7%	-163.3%	-946.2%	7.9%	-3.2%	1.3%	4.9%
Current ratio	4.16×	29.21×	3.32×	5.98×	4.46×	1.16×	1.28×	1.16×
Debt / equity	0.12×	0×	0.04×	0.01×	0.02×	0.28×	0.26×	0.29×
Interest coverage	-66.98×	0×	0×	-164.29×	-5.01×	-1.31×	-0.08×	1.35×
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	15.1%	-3.5%	-3.9%	-7.1%	3.4%	-1.8%	0.8%	3.5%
Return on invested capital	-7.7%	-0.2%	0.3%	-1.7%	-4.9%	-1.6%	-0.1%	2.5%
Return on assets	13.0%	-3.4%	-3.6%	-6.6%	3.1%	-1.3%	0.5%	2.3%
Free cash flow yield	-61.3%	13.5%	-12.3%	-5.5%	-10.1%	50.4%	5.6%	12.1%
Earnings yield	15.2%	-4.8%	-7.8%	-18.3%	6.7%	-9.4%	2.8%	9.8%
Enterprise value	₹278.1M	₹154.2M	₹117.9M	₹89.7M	₹128M	₹110.2M	₹128M	₹152.6M
Net debt / EBITDA	0.51×	-0.06×	-1.33×	-0.07×	0.08×	4.55×	2.67×	2.27×
Cash conversion cycle (days)	0	-394	-507	6,128	30	180	216	158