Lyka Labs Limited (LYKALABS.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

-26.9%

₹55.25

vs ₹75.57 price

Levered DCF

₹9.64

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.65

Grey 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	FY2022	FY2021	FY2020	FY2019
P/E	-16×	45.67×	-149.93×	-22.83×	9.96×	-6.41×	-0.59×	-14.35×
P/B	1.74×	3.58×	5.44×	6.61×	29.12×	-2.9×	-2.48×	1.89×
P/S	1.25×	2.64×	3.53×	3.28×	2.12×	1.12×	0.64×	1.26×
EV / EBITDA	-56.87×	20.27×	25.27×	28.31×	4.96×	11.45×	-14.56×	-69.05×
Gross margin	21.8%	60.5%	57.0%	16.7%	71.0%	43.1%	35.3%	38.2%
Operating margin	-9.4%	35.9%	1.4%	1.8%	45.3%	16.9%	-29.6%	-13.9%
Net margin	-7.8%	5.7%	-2.4%	-14.4%	21.2%	-17.2%	-109.3%	-8.6%
Current ratio	1.17×	1.45×	1.35×	1.36×	0.53×	0.58×	0.54×	0.41×
Debt / equity	0.53×	0.38×	0.86×	1.65×	9.78×	-6.3×	-9.93×	2.23×
Interest coverage	-3.83×	22.22×	0.31×	0.14×	4.13×	0.44×	-0.39×	-1.25×
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	-10.9%	7.7%	-3.7%	-29.1%	292.4%	44.8%	422.1%	-12.9%
Return on invested capital	-7.3%	24.2%	1.1%	1.3%	35.0%	5.3%	-11.0%	-2.5%
Return on assets	-5.7%	4.5%	-1.6%	-8.7%	21.0%	-6.1%	-30.2%	-2.6%
Free cash flow yield	-4.7%	-3.7%	-2.0%	0.3%	18.5%	10.1%	11.9%	26.9%
Earnings yield	-6.3%	2.2%	-0.7%	-4.4%	10.0%	-15.4%	-170.0%	-6.8%
Enterprise value	₹2.1B	₹4.1B	₹4.2B	₹3.6B	₹5B	₹2.3B	₹1.8B	₹1.8B
Net debt / EBITDA	-12.99×	1.88×	3.14×	4.93×	1.12×	7.73×	-11.65×	-37.35×
Cash conversion cycle (days)	88	96	73	69	-2	-113	-143	-154