Matrimony.com Limited (MATRIMONY.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

+182.8%

₹1,561.01

vs ₹552.00 price

Levered DCF

₹2,040.42

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

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	26.76×	25.99×	23.82×	24.65×	28.64×	53.6×	21.35×	38.8×
P/B	4.43×	4.87×	4.05×	4.55×	4.95×	8.3×	2.76×	8.13×
P/S	1.99×	2.58×	2.45×	2.52×	3.53×	5.78×	1.7×	4.73×
EV / EBITDA	12.75×	20.02×	12.52×	13.18×	15.2×	26.32×	9.5×	22.51×
Gross margin	45.4%	68.9%	61.9%	58.8%	60.9%	57.6%	46.9%	46.5%
Operating margin	5.3%	27.6%	9.4%	8.5%	14.1%	11.6%	7.8%	14.0%
Net margin	7.4%	9.9%	10.3%	10.2%	12.3%	10.8%	7.9%	12.2%
Current ratio	1.39×	1.63×	2.17×	2.05×	2.45×	2.17×	1.92×	1.89×
Debt / equity	0.24×	0.22×	0.2×	0.27×	0.22×	0.23×	0.27×	0.26×
Interest coverage	5.29×	26.22×	8.78×	6.57×	11.47×	9.12×	5.54×	10.03×
Dividend yield	2.4%	0.9%	0.9%	1.0%	0.5%	0.4%	0.7%	0.2%
Payout ratio	63.0%	24.6%	22.4%	24.5%	14.9%	19.5%	13.9%	9.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	16.5%	18.7%	17.0%	18.4%	17.3%	15.5%	12.9%	21.0%
Return on invested capital	7.6%	33.4%	9.9%	9.6%	12.0%	10.4%	7.6%	18.0%
Return on assets	7.8%	9.8%	9.9%	10.0%	10.3%	9.0%	7.3%	13.5%
Free cash flow yield	8.7%	3.7%	3.5%	4.4%	4.5%	2.7%	7.2%	1.9%
Earnings yield	3.7%	3.8%	4.2%	4.1%	3.5%	1.9%	4.7%	2.6%
Enterprise value	₹9.6B	₹11.7B	₹12.3B	₹12.1B	₹15.9B	₹22.4B	₹6.9B	₹16.9B
Net debt / EBITDA	0.55×	-0.19×	0.51×	0.65×	0.57×	0.6×	0.78×	0.62×
Cash conversion cycle (days)	-89	-165	-92	-86	-80	-52	-49	-32