Navkar Urbanstructure Limited (NAVKARURB.NS) 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

-309.3%

-₹1.76

vs ₹0.84 price

Levered DCF

-₹4.05

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

B-

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	24.33×	1,440×	305×	254.17×	165.76×	293.27×	391.03×	27.73×
P/B	0.45×	2.05×	1.97×	2.08×	1.02×	1.91×	1.95×	1.96×
P/S	3.06×	20.13×	16.55×	27.42×	11.13×	20.15×	3.41×	0.98×
EV / EBITDA	14.42×	172.36×	121.62×	193.36×	57.31×	86.52×	70.87×	15.53×
Gross margin	55.1%	19.2%	14.7%	19.6%	17.3%	38.5%	7.4%	7.4%
Operating margin	15.0%	3.1%	3.5%	12.7%	10.0%	34.5%	6.3%	7.1%
Net margin	12.6%	2.0%	5.4%	10.8%	6.7%	6.9%	0.9%	3.6%
Current ratio	2.84×	0.04×	3.44×	3.68×	3.65×	2.26×	1.64×	1.2×
Debt / equity	0.04×	0.04×	0.09×	0.03×	0×	0.18×	0.16×	0.13×
Interest coverage	22.36×	2.42×	4.83×	36.55×	0.91×	0×	0×	0×
Dividend yield	0.8%	0.0%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%
Payout ratio	19.1%	0.8%	40.0%	33.3%	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	1.8%	0.2%	0.6%	0.8%	0.6%	0.7%	0.5%	7.2%
Return on invested capital	1.4%	-0.5%	0.3%	0.8%	0.9%	2.1%	1.2%	8.7%
Return on assets	1.3%	12.6%	0.5%	0.6%	0.5%	0.4%	0.3%	2.9%
Free cash flow yield	1.2%	0.1%	0.8%	-1.9%	-38.5%	3.2%	-7.9%	7.6%
Earnings yield	4.1%	0.1%	0.3%	0.4%	0.6%	0.3%	0.3%	3.7%
Enterprise value	₹742M	₹3.3B	₹3.2B	₹3.3B	₹1.5B	₹1.6B	₹1.6B	₹1.5B
Net debt / EBITDA	0.53×	1.95×	2.32×	2.57×	-1.05×	3.46×	4.23×	-0.33×
Cash conversion cycle (days)	146	2,071	1,970	706	352	990	92	-47