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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
-544.1%
-₹13.72
vs ₹3.09 price
Levered DCF
-₹12.14
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
2.8
Grey zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-374.07×47.91×-31.73×50×38.86×-7.45×-3.04×160.61×
P/B0.72×1.36×1.71×0.29×0.29×0.3×0.29×0.17×
P/S0.9×1.42×2.41×0.59×0.56×1.12×0.41×0.25×
EV / EBITDA25.48×16.3×-108.41×12.95×11.33×-8.44×-5.78×-285.95×
Gross margin22.5%33.8%27.7%33.4%16.8%26.8%4.7%26.0%
Operating margin-3.0%6.5%0.7%-3.4%-3.1%-43.5%-26.6%-1.6%
Net margin-0.2%3.0%-7.5%1.2%1.4%-143.4%-13.2%0.2%
Current ratio4.75×5.88×4.49×3.57×6.22×3.21×3.72×3.14×
Debt / equity0.12×0.15×0.25×0.22×0.17×0.38×0.37×0.35×
Interest coverage-28.23×19.01×1.38×-0.54×-2.11×-22.91×-22.48×-6.08×
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
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-0.2%2.8%-5.3%0.6%0.8%-37.9%-9.2%0.1%
Return on invested capital-1.1%4.6%0.4%-1.2%-0.8%-7.0%-11.9%-0.4%
Return on assets-0.1%1.8%-3.1%0.4%0.6%-24.1%-5.7%0.1%
Free cash flow yield19.4%4.9%-1.4%-17.9%-110.5%30.7%-24.2%0.6%
Earnings yield-0.3%2.1%-3.1%2.0%2.6%-127.6%-32.4%0.6%
Enterprise value₹399.4M₹799.4M₹1B₹271M₹242.4M₹346.5M₹359.5M₹253.4M
Net debt / EBITDA0.97×1.51×-13.48×5.43×3.97×-4.6×-3.25×-171.16×
Cash conversion cycle (days)5936158181,2659122,265779910