Market Creators Limited (MKTCREAT.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

-66.8%

₹4.98

vs ₹15.00 price

Levered DCF

-₹13.33

After debt service

Piotroski score

3 / 9

Weak

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	-59.25×	104.07×	-343.33×	105.44×	18.02×	-3.59×	428×	420×
P/B	1.17×	1.65×	1.05×	0.92×	1.68×	0.41×	0.53×	0.34×
P/S	2.34×	2.5×	1.4×	1.52×	2.12×	0.62×	1.08×	0.69×
EV / EBITDA	19.22×	7.95×	10.91×	6.35×	4.74×	26.66×	-11.18×	-1.79×
Gross margin	74.3%	80.3%	24.9%	27.0%	27.0%	23.4%	97.2%	32.0%
Operating margin	-9.0%	-1.2%	12.9%	68.8%	16.4%	11.7%	3.2%	14.4%
Net margin	-4.0%	2.5%	-0.4%	1.4%	11.8%	-17.3%	0.3%	0.2%
Current ratio	1.46×	1.59×	1.62×	1.76×	1.65×	1.96×	1.21×	2.5×
Debt / equity	0.56×	0.56×	1.22×	1.06×	0.91×	0.27×	0.18×	0×
Interest coverage	-0.45×	-0.07×	0.98×	5.56×	1.59×	0.84×	0.94×	1.08×
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	-2.0%	1.6%	-0.3%	0.9%	9.3%	-11.5%	0.1%	0.1%
Return on invested capital	-2.1%	-0.5%	2.2%	17.6%	6.8%	6.1%	0.8%	4.1%
Return on assets	-0.4%	0.4%	-0.1%	0.3%	3.2%	-4.8%	0.1%	0.1%
Free cash flow yield	0.0%	0.1%	-30.7%	-35.3%	2.0%	27.0%	82.6%	-90.4%
Earnings yield	-1.7%	1.0%	-0.3%	0.9%	5.6%	-27.9%	0.2%	0.2%
Enterprise value	₹182.8M	₹113.5M	₹119M	₹58M	₹90.1M	-₹46.3M	-₹26M	-₹13.5M
Net debt / EBITDA	6.2×	-4.46×	0.74×	-4.33×	-4.55×	49.43×	-35.59×	-6.59×
Cash conversion cycle (days)	1,019	-718	230	359	-32	-91	-656	378