Margo Finance Limited (MARGOFIN.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

-90.9%

₹5.53

vs ₹61.00 price

Levered DCF

₹2.33

After debt service

Piotroski score

4 / 9

Average

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	28.18×	109.78×	72×	-22.34×	-25.09×	23.24×	5,909.09×	-36.86×
P/B	0.24×	0.31×	0.1×	0.22×	0.16×	0.06×	0.18×	0.13×
P/S	15.38×	29.02×	21.49×	-425.47×	101.56×	8.03×	10.76×	20.93×
EV / EBITDA	18.54×	39.5×	41.83×	-34.47×	-70.2×	20.84×	-276.82×	-25.23×
Gross margin	99.3%	89.4%	98.0%	596.3%	-10.5%	74.6%	56.1%	22.1%
Operating margin	80.7%	72.3%	77.9%	1278.0%	-150.2%	36.0%	-6.2%	-87.5%
Net margin	54.6%	26.2%	29.9%	1910.7%	-406.1%	34.1%	0.2%	-57.6%
Current ratio	15.91×	11.5×	16.8×	0.85×	29.42×	15.38×	61.04×	121.11×
Debt / equity	0×	0×	0×	0×	0×	0×	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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.9%	0.3%	0.1%	-1.0%	-0.7%	0.3%	0.0%	-0.4%
Return on invested capital	0.7%	0.2%	0.2%	-0.5%	-0.2%	0.1%	0.0%	-0.4%
Return on assets	0.7%	0.2%	0.1%	-0.8%	-0.5%	0.2%	0.0%	-0.3%
Free cash flow yield	2.9%	1.8%	0.0%	0.1%	-0.6%	-2.4%	5.8%	0.2%
Earnings yield	3.5%	0.9%	1.4%	-4.5%	-4.0%	4.2%	0.0%	-2.8%
Enterprise value	₹296.3M	₹381.6M	₹173.9M	₹127.2M	₹125.7M	₹38.2M	₹27.7M	₹35.1M
Net debt / EBITDA	-0.35×	-0.14×	-0.12×	0.13×	0.22×	-0.6×	20.23×	0.22×
Cash conversion cycle (days)	-831	-71	-281	-579	159	-29	-9	203