MFS Intercorp Limited (MFSINTRCRP.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

-50.3%

₹5.02

vs ₹10.10 price

Levered DCF

₹1.01

After debt service

Piotroski score

1 / 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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-276.6×	-860.56×	-124.6×	19.55×	12.6×	-508.33×	-63.54×	1,089.29×
P/B	1.18×	5.99×	2.12×	5.66×	7.83×	23.74×	20.53×	15.66×
P/S	15.38×	23.21×	0×	3×	0.62×	0×	0×	0×
EV / EBITDA	-284.58×	-1,040.84×	-118.57×	14.37×	10.52×	-523.33×	0×	2,631.95×
Gross margin	100.0%	96.6%	0.0%	26.7%	6.6%	0.0%	0.0%	0.0%
Operating margin	23.3%	-2.7%	0.0%	19.5%	5.6%	0.0%	0.0%	0.0%
Net margin	-6.0%	-2.7%	0.0%	15.3%	4.9%	0.0%	0.0%	0.0%
Current ratio	2.07×	1.16×	1.17×	1.16×	1.04×	0.06×	0.06×	0.42×
Debt / equity	0×	0×	0×	0×	0×	0.72×	0.69×	22.34×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.5%	-0.7%	-1.7%	28.9%	62.2%	-4.7%	-32.3%	1.4%
Return on invested capital	1.8%	-0.7%	-0.4%	27.6%	59.6%	-2.7%	-19.2%	0.1%
Return on assets	-0.3%	-0.1%	-0.3%	6.0%	8.1%	-2.3%	-16.5%	0.1%
Free cash flow yield	-61.7%	0.5%	-0.8%	0.9%	1.1%	0.0%	-0.7%	0.1%
Earnings yield	-0.4%	-0.1%	-0.8%	5.1%	7.9%	-0.2%	-1.6%	0.1%
Enterprise value	₹56.1M	₹66.6M	₹23.1M	₹64.6M	₹65.1M	₹74.3M	₹67.5M	₹159.9M
Net debt / EBITDA	20.96×	24.09×	6.03×	-0.31×	-0.13×	-15×	0×	1,546.38×
Cash conversion cycle (days)	5,333	-156,339	0	-103	6	0	0	0