Mask Investments Limited (MASKINVEST.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

-106.0%

-₹8.05

vs ₹133.60 price

Levered DCF

-₹34.94

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	638.74×	1,617.36×	1,043.57×	230.26×	4,392.41×	1,724.87×	992.65×	650.97×
P/B	0.62×	0.58×	0.14×	0.14×	0.15×	0.54×	0.78×	0.95×
P/S	116.69×	137.77×	29.51×	43.29×	48.17×	74.44×	26.65×	36.43×
EV / EBITDA	457.77×	1,209.48×	503.28×	136.34×	129.3×	1,181.04×	938.3×	581.71×
Gross margin	100.0%	28.9%	16.9%	57.7%	71.0%	62.3%	74.6%	73.2%
Operating margin	25.7%	10.6%	6.0%	33.3%	40.2%	7.0%	3.3%	7.0%
Net margin	18.3%	8.4%	2.8%	19.1%	1.1%	4.3%	2.7%	5.6%
Current ratio	1.78×	1.61×	1.55×	1.54×	1.47×	1.75×	1.63×	1.57×
Debt / equity	0.01×	0.01×	0.01×	0.01×	0.01×	0.03×	0.14×	0.12×
Interest coverage	0×	0×	2.62×	4.18×	1,879.02×	10.76×	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	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.1%
Return on invested capital	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.1%
Return on assets	0.1%	0.0%	0.0%	0.1%	0.0%	0.0%	0.1%	0.1%
Free cash flow yield	0.0%	-0.2%	-2.8%	-0.6%	-3.7%	1.3%	0.7%	-0.2%
Earnings yield	0.2%	0.1%	0.1%	0.4%	0.0%	0.1%	0.1%	0.2%
Enterprise value	₹379.9M	₹570.9M	₹227M	₹141M	₹114.1M	₹104.9M	₹48.4M	₹68.6M
Net debt / EBITDA	4.49×	12.73×	17.36×	7.23×	9.32×	61.41×	138.87×	63.01×
Cash conversion cycle (days)	-218,861	941	-92	1,224	1,933	2,366	2,226	-215