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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
-75.5%
₹39.14
vs ₹160.00 price
Levered DCF
₹123.93
After debt service
Piotroski score
—
Altman Z-score
—
Rating
C
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024
P/E90.58×84.39×
P/B7.81×8.59×
P/S5.46×6.04×
EV / EBITDA54.76×47.01×
Gross margin45.7%47.3%
Operating margin7.0%8.0%
Net margin6.0%7.2%
Current ratio1.62×2.38×
Debt / equity0.22×0.06×
Interest coverage8.5×5.22×
Dividend yield0.0%0.0%
Payout ratio0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity8.6%10.2%
Return on invested capital7.5%9.8%
Return on assets4.7%7.5%
Free cash flow yield2.0%2.9%
Earnings yield1.1%1.2%
Enterprise value₹32.5B₹28.1B
Net debt / EBITDA0.92×-0.22×
Cash conversion cycle (days)-3342