JOJO Limited (MADHUVEER.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

-164.2%

-₹71.85

vs ₹112.00 price

Levered DCF

-₹361.13

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	42.06×	-169.76×	17.17×	435.59×	13.89×	786.67×	-5.91×	63.86×
P/B	4.36×	6.59×	1.27×	0.72×	0.34×	0.17×	0.09×	0.09×
P/S	9.84×	63.72×	5.8×	49.73×	11.99×	9.16×	0×	5.12×
EV / EBITDA	21.59×	400.47×	11.46×	205.72×	9.82×	67.63×	-3.86×	22.04×
Gross margin	75.2%	-2.4%	83.8%	45.1%	78.3%	92.8%	0.0%	73.2%
Operating margin	35.8%	-46.4%	83.8%	-33.2%	37.8%	-10.5%	0.0%	4.8%
Net margin	23.4%	-37.8%	33.8%	11.4%	83.6%	1.1%	0.0%	8.0%
Current ratio	1.93×	4.38×	5.75×	393.39×	37.31×	25.81×	22.3×	21.16×
Debt / equity	0.06×	0.15×	0.21×	0×	0×	0.01×	0.01×	0.01×
Interest coverage	5,060.24×	-42.65×	148.68×	-162.5×	187×	-128×	-221.37×	4.05×
Dividend yield	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	2.2%	-7.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.4%	-3.9%	7.4%	0.2%	2.4%	0.0%	-1.6%	0.1%
Return on invested capital	9.1%	-4.2%	12.0%	-0.4%	0.9%	-0.1%	-1.7%	0.1%
Return on assets	7.0%	-3.1%	5.8%	0.2%	2.3%	0.0%	-1.5%	0.1%
Free cash flow yield	-1.4%	-7.2%	-27.4%	-1.8%	-4.2%	12.9%	50.0%	9.1%
Earnings yield	2.4%	-0.6%	5.8%	0.2%	7.0%	0.1%	-16.9%	1.6%
Enterprise value	₹2.3B	₹2.9B	₹451.7M	₹46.7M	₹20.8M	₹7.2M	₹3.7M	₹4.9M
Net debt / EBITDA	-0.44×	8.56×	1.3×	-8.96×	-1.36×	-36.93×	2.64×	-5.56×
Cash conversion cycle (days)	-760	523	87	249	-944	-5,243	-5,430	-1,310