Media Matrix Worldwide Limited (MMWL.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

-161.0%

-₹11.01

vs ₹18.05 price

Levered DCF

-₹46.87

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

7.66

Safe zone

Rating

C+

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	166.54×	270.78×	392.99×	1,673.33×	1,876.64×	1,103.3×	472.47×	22.56×
P/B	14.53×	8.92×	7.4×	17.56×	10.26×	29.5×	62.04×	33.78×
P/S	0.78×	0.5×	1.39×	2.45×	3.91×	2.05×	2.32×	1.6×
EV / EBITDA	43.11×	49.33×	135.17×	181.41×	241.06×	144.41×	83.54×	299.39×
Gross margin	4.6%	3.3%	3.9%	4.7%	4.8%	3.2%	3.9%	2.1%
Operating margin	1.6%	1.0%	1.2%	2.9%	0.5%	0.9%	2.6%	0.4%
Net margin	0.5%	0.2%	0.4%	0.1%	0.2%	0.2%	0.5%	7.1%
Current ratio	3.5×	4.93×	1.16×	1.34×	1.62×	1.21×	1.2×	1.21×
Debt / equity	1.61×	1.57×	0.86×	0.77×	0.33×	0.23×	0.07×	0.3×
Interest coverage	1.38×	1.31×	1.91×	3.91×	0.76×	5.84×	11.57×	1.5×
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	8.7%	3.3%	1.9%	1.0%	0.5%	2.7%	13.1%	149.6%
Return on invested capital	7.4%	1.7%	3.2%	5.6%	0.5%	3.9%	37.0%	5.3%
Return on assets	2.5%	1.0%	1.0%	0.5%	0.4%	0.7%	2.4%	33.6%
Free cash flow yield	0.0%	-3.6%	1.4%	-2.6%	-7.5%	-6.0%	4.1%	1.9%
Earnings yield	0.6%	0.4%	0.3%	0.1%	0.1%	0.1%	0.2%	4.4%
Enterprise value	₹10.8B	₹11B	₹22B	₹23.7B	₹23.4B	₹22.8B	₹22.7B	₹22.9B
Net debt / EBITDA	4.18×	7×	13.98×	6.95×	7.07×	0.16×	-0.08×	2.3×
Cash conversion cycle (days)	44	26	23	50	39	-38	-61	-21