Mehta Integrated Finance Limited (MEHIF.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

-72.8%

₹7.99

vs ₹29.33 price

Levered DCF

₹3.30

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	167.65×	45.23×	10.94×	14.32×	-10.37×	-41.38×	6.57×	14.74×
P/B	0.91×	1.11×	1.02×	0.54×	0.23×	0.1×	0.11×	0.21×
P/S	30.08×	24.91×	8.03×	9.34×	8.36×	17.03×	3.34×	6.51×
EV / EBITDA	165.13×	46.05×	11.67×	17.16×	-15.75×	-94.17×	13.74×	23.11×
Gross margin	53.1%	65.7%	88.8%	100.0%	-28.6%	-18.5%	100.0%	100.0%
Operating margin	-28.9%	39.8%	88.3%	82.7%	68.0%	413.8%	50.3%	71.7%
Net margin	17.5%	54.9%	73.4%	65.2%	-80.6%	-41.1%	50.3%	44.0%
Current ratio	25,306×	63.85×	18.14×	21.33×	9.46×	4.17×	3.85×	3.4×
Debt / equity	0.05×	0.05×	0.08×	0.12×	0.12×	0.12×	0.12×	0.12×
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	0.5%	2.4%	9.4%	3.7%	-2.2%	-0.2%	1.6%	1.4%
Return on invested capital	-0.7%	1.7%	10.5%	4.3%	1.7%	2.1%	1.4%	2.0%
Return on assets	0.4%	2.3%	8.6%	3.3%	-1.9%	-0.2%	1.3%	1.2%
Free cash flow yield	15.1%	3.5%	5.5%	-9.0%	-24.8%	-51.3%	-66.0%	6.8%
Earnings yield	0.6%	2.2%	9.1%	7.0%	-9.6%	-2.4%	15.1%	6.8%
Enterprise value	₹162.7M	₹196.5M	₹181.1M	₹93.2M	₹48.5M	₹29.9M	₹31.4M	₹45.1M
Net debt / EBITDA	8.89×	2.08×	0.78×	3.02×	-5.34×	-51.87×	7.14×	8.37×
Cash conversion cycle (days)	3,192	2,177	844	3,950	3,863	21,895	4,269	3,645