Mish Designs Limited (MISHDESIGN.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

-234.3%

-₹43.24

vs ₹32.20 price

Levered DCF

-₹340.92

After debt service

Piotroski score

0 / 9

Weak

Altman Z-score

1.83

Grey zone

Rating

C+

Overall 2 / 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	-10.59×	22.41×	40.34×	26.85×	668.42×	11,869.16×	747.06×	-40.84×
P/B	0.65×	1.1×	2.86×	16.31×	62.03×	68.44×	-110.68×	-96.03×
P/S	1.31×	1.09×	2.49×	3.2×	4.87×	8.49×	1.29×	5.7×
EV / EBITDA	-29.31×	13.42×	21.96×	32.66×	107.16×	265.66×	181.27×	-33.91×
Gross margin	21.7%	33.7%	42.8%	50.6%	49.5%	50.9%	88.5%	96.2%
Operating margin	-9.2%	7.7%	11.2%	10.2%	3.5%	1.5%	81.1%	63.2%
Net margin	-12.3%	4.9%	6.2%	4.6%	0.7%	0.1%	0.2%	-13.9%
Current ratio	2.97×	4.24×	6.06×	1.78×	1.31×	1.13×	2.21×	5.02×
Debt / equity	0.43×	0.08×	0.16×	1.38×	4.04×	2.08×	-19.25×	-9.92×
Interest coverage	-2.52×	4.99×	3.66×	3.15×	1.51×	1.63×	1,887.17×	6,966.63×
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	-6.2%	5.0%	7.1%	23.5%	9.3%	0.6%	-15.2%	235.0%
Return on invested capital	-3.1%	5.3%	8.1%	15.7%	5.3%	0.5%	318.5%	88.5%
Return on assets	-4.0%	3.8%	5.7%	7.2%	1.3%	0.1%	0.5%	-21.7%
Free cash flow yield	-53.2%	-25.4%	-20.4%	-4.6%	-2.8%	-2.2%	-5.1%	0.0%
Earnings yield	-9.4%	4.5%	2.5%	1.4%	0.2%	0.0%	0.1%	-2.4%
Enterprise value	₹176.2M	₹204.5M	₹337.9M	₹383.6M	₹377.2M	₹365.5M	₹58.4M	₹55.8M
Net debt / EBITDA	-11.13×	0.49×	0.67×	2.39×	6.14×	7.23×	23.7×	-3.06×
Cash conversion cycle (days)	1,100	443	445	196	132	113	291	3,405