Navneet Education Limited (NAVNETEDUL.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

+363.8%

₹598.31

vs ₹129.00 price

Levered DCF

₹1,045.27

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	7.64×	4.09×	12.73×	10.55×	26.93×	32.83×	7.49×	16.94×
P/B	1.32×	1.69×	2.48×	1.88×	2.14×	1.97×	1.71×	3.27×
P/S	1.56×	1.74×	1.85×	1.27×	1.85×	2.2×	1×	1.81×
EV / EBITDA	10.11×	3.18×	9.1×	6.63×	11.22×	12.92×	5.22×	9.91×
Gross margin	25.7%	46.7%	23.5%	43.2%	40.4%	45.0%	29.6%	30.0%
Operating margin	11.1%	14.2%	12.9%	14.0%	10.5%	4.4%	18.0%	16.8%
Net margin	20.5%	42.5%	14.5%	12.1%	6.9%	6.7%	13.3%	10.7%
Current ratio	3.59×	3.31×	2.73×	2.27×	2.75×	3.23×	2.19×	1.76×
Debt / equity	0.05×	0.11×	0.2×	0.25×	0.14×	0.08×	0.33×	0.43×
Interest coverage	11.24×	13.34×	10.49×	17.82×	15.89×	3.21×	14.03×	14.31×
Dividend yield	2.5%	3.0%	1.8%	1.6%	1.1%	0.0%	7.5%	1.6%
Payout ratio	18.8%	12.1%	23.4%	16.7%	30.4%	0.0%	56.0%	27.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.2%	41.3%	19.5%	17.8%	8.0%	6.0%	22.9%	19.3%
Return on invested capital	6.7%	10.0%	12.2%	11.0%	5.8%	2.3%	16.9%	13.3%
Return on assets	13.7%	32.2%	14.4%	12.3%	6.0%	4.7%	15.3%	11.6%
Free cash flow yield	7.4%	5.2%	2.0%	-3.4%	-0.4%	12.9%	16.3%	2.4%
Earnings yield	13.1%	24.5%	7.9%	9.5%	3.7%	3.1%	13.3%	5.9%
Enterprise value	₹27.3B	₹32.6B	₹34.4B	₹24.2B	₹21.4B	₹18.9B	₹17.5B	₹29.1B
Net debt / EBITDA	0.15×	0.15×	0.62×	0.72×	0.58×	0.37×	0.82×	1.09×
Cash conversion cycle (days)	229	287	239	283	306	349	220	243