MBL Infrastructures Limited (MBLINFRA.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

+1312.5%

₹280.81

vs ₹19.88 price

Levered DCF

₹94.57

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-0.16

Distress zone

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	-12.71×	2.66×	-14.52×	-3.12×	1,894.53×	3.27×	0.11×	-0.44×
P/B	0.3×	0.66×	0.76×	0.2×	0.3×	0.25×	0.04×	0.23×
P/S	1.63×	4.89×	4.66×	0.99×	1.55×	1.02×	0.13×	0.75×
EV / EBITDA	116.79×	5.39×	33.33×	21.12×	11.07×	6.18×	3.82×	-9.08×
Gross margin	54.8%	95.4%	84.0%	23.7%	77.4%	71.9%	79.3%	72.7%
Operating margin	-24.9%	-31.9%	-8.1%	-98.1%	-20.6%	3.9%	-2.1%	18.2%
Net margin	-12.9%	132.1%	-32.1%	-31.7%	0.1%	31.2%	124.7%	-171.2%
Current ratio	0.26×	0.39×	0.39×	0.47×	0.51×	0.46×	0.35×	0.4×
Debt / equity	1.03×	1.01×	1.46×	1.45×	1.44×	1.52×	1.66×	2.92×
Interest coverage	-1.14×	-0.68×	-0.35×	-4.67×	-0.29×	0.19×	-0.03×	0.24×
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	-2.4%	17.9%	-5.3%	-6.4%	0.0%	7.7%	35.1%	-53.7%
Return on invested capital	1.5%	-1.8%	-0.4%	-6.6%	0.0%	-0.8%	-0.2%	1.0%
Return on assets	-0.8%	5.7%	-1.4%	-1.7%	0.0%	2.1%	8.8%	-8.9%
Free cash flow yield	8.2%	6.9%	8.6%	39.9%	-13.0%	3.7%	-68.7%	173.3%
Earnings yield	-7.9%	27.0%	-6.9%	-32.0%	0.1%	30.6%	937.7%	-229.6%
Enterprise value	₹12.3B	₹15.6B	₹16.3B	₹12.6B	₹14.1B	₹14.3B	₹12.7B	₹15.5B
Net debt / EBITDA	89.38×	3.23×	21.68×	18.48×	9.08×	5.29×	3.73×	-8.4×
Cash conversion cycle (days)	199	164	701	387	108	-55	-40	-262