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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
-176.3%
-₹1.07
vs ₹1.40 price
Levered DCF
₹0.40
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
—
Rating
C+
Overall 2 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
P/E933.33×-46.98×-36.8×-12.78×275×-11.75×-72×70×
P/B1.73×2.72×2.36×1.23×2.76×0.92×0.76×0.65×
P/S2.8×7.92×8.51×1.7×2.45×0.5×0.75×0.5×
EV / EBITDA158.21×-44.59×-34.82×-13.3×69.84×-11.65×-115.34×136.76×
Gross margin35.4%27.8%25.2%0.9%17.0%-1.9%20.9%16.0%
Operating margin1.9%-20.2%-6.3%-10.1%9.8%-7.0%1.6%0.5%
Net margin0.3%-16.9%-23.1%-13.3%1.2%-4.2%-1.0%0.5%
Current ratio58.59×38.87×50.39×40.93×4.81×2.33×2.13×4.12×
Debt / equity0.38×0.4×0.42×0.42×0.38×0.4×0.32×0.36×
Interest coverage476×-1,399×-966.87×0×0×0×60.29×5.06×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Return on equity0.2%-5.8%-6.4%-9.6%1.3%-7.9%-1.1%0.6%
Return on invested capital0.1%-4.4%-1.1%-4.2%4.8%-7.1%1.2%0.5%
Return on assets0.1%-4.3%-4.7%-6.9%0.9%-4.2%-0.5%0.4%
Free cash flow yield2.6%0.6%2.0%0.3%-2.4%-0.7%2.8%9.8%
Earnings yield0.1%-2.1%-2.7%-7.8%0.5%-8.5%-1.4%0.9%
Enterprise value₹82.3M₹123.9M₹115.8M₹72.6M₹154.6M₹59.1M₹53.6M₹51.6M
Net debt / EBITDA23.54×-5.07×-4.44×-3.08×7.69×-2.7×-28.71×43.89×
Cash conversion cycle (days)39467384428823599180195