Mahesh Developers Limited (MAHESH.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

-571.3%

-₹98.42

vs ₹20.88 price

Levered DCF

-₹24.77

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.5

Distress zone

Rating

—

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	205×	118.33×	61.12×	61.12×	-29.64×	36.22×	0×	0×
P/B	0×	0×	1.02×	0.71×	0.77×	0.76×	0×	0×
P/S	0×	0×	0×	0×	0×	4.23×	0×	0×
EV / EBITDA	6,328.44×	2,058.71×	8.18×	27.95×	15,557.94×	34.22×	0×	0×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	84.9%	0.0%	0.0%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	62.7%	0.0%	0.0%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	11.8%	0.0%	0.0%
Current ratio	0.26×	0.21×	0×	0×	0.68×	1.76×	0×	0×
Debt / equity	2.74×	2.69×	0×	2,818.02×	0×	3.13×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	0.0%	0.0%	1.7%	1.2%	-0.0%	2.1%	0.0%	0.0%
Return on invested capital	0.0%	0.0%	0.0%	0.0%	0.0%	1.9%	0.0%	0.0%
Return on assets	0.0%	0.0%	0.2%	0.2%	-0.5%	0.5%	0.0%	0.0%
Free cash flow yield	0.0%	0.0%	204.1%	28830.3%	8.8%	-11.8%	0.0%	0.0%
Earnings yield	0.0%	0.0%	1.6%	1.7%	-0.0%	2.8%	0.0%	0.0%
Enterprise value	₹101.3M	₹98.8M	₹40M	₹160.2M	₹40.3M	₹206.5K	₹0	₹0
Net debt / EBITDA	6,328.44×	2,058.71×	0.01×	27.94×	70.62×	27.49×	0×	0×
Cash conversion cycle (days)	0	0	14,520	4,919	0	180	0	0