NDL Ventures Limited (NDLVENTURE.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

-95.4%

₹4.95

vs ₹108.00 price

Levered DCF

₹1.64

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	451.85×	322.5×	202.17×	1,333.54×	-1.92×	-5.67×	-0.46×	-0.44×
P/B	6.94×	3.25×	5.21×	5.38×	2.15×	2×	0.63×	0.22×
P/S	0×	0×	0×	0×	2.52×	0.17×	0.08×	0.18×
EV / EBITDA	331.74×	-50×	-81.83×	-183.92×	7.1×	5.96×	5.08×	-14.17×
Gross margin	0.0%	0.0%	0.0%	0.0%	63.7%	12.3%	17.9%	-20.2%
Operating margin	0.0%	0.0%	0.0%	0.0%	62.4%	-0.3%	1.1%	-36.3%
Net margin	0.0%	0.0%	0.0%	0.0%	-128.4%	-3.0%	-16.9%	-40.1%
Current ratio	11.48×	10.33×	11.06×	6.3×	55.27×	0.3×	0.4×	0.67×
Debt / equity	0×	0×	0×	0×	14.68×	13.74×	8.81×	2.24×
Interest coverage	0×	0×	0×	0×	0.32×	-0.02×	0.09×	-2.19×
Dividend yield	0.4%	1.7%	2.1%	3.7%	5.1%	7.3%	58.5%	30.6%
Payout ratio	185.0%	569.9%	416.8%	4915.5%	-10.0%	-41.3%	-27.2%	-13.5%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.5%	1.0%	2.6%	0.4%	-109.7%	-35.2%	-136.5%	-49.5%
Return on invested capital	-4.6%	-3.7%	-5.7%	-2.9%	4.7%	-0.0%	0.8%	-12.4%
Return on assets	1.4%	0.9%	2.3%	0.3%	-107.8%	-1.6%	-8.6%	-10.7%
Free cash flow yield	0.0%	-2.2%	-3.3%	20.5%	-52.2%	35.5%	-422.6%	-236.5%
Earnings yield	0.2%	0.3%	0.5%	0.1%	-51.0%	-17.6%	-215.4%	-226.4%
Enterprise value	₹4.1B	₹2B	₹3.3B	₹3.6B	₹13.6B	₹12B	₹10.6B	₹12.4B
Net debt / EBITDA	-4.52×	0.06×	0.04×	3.8×	6.19×	5.14×	4.71×	-12.83×
Cash conversion cycle (days)	0	0	0	0	949	-68	-85	-16