Nexome Capital Markets Limited (NEXOME.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

-35.8%

₹56.75

vs ₹88.46 price

Levered DCF

-₹53.54

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

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	6.48×	40.25×	12.92×	9×	12.08×	12.15×	161.54×	45.88×
P/B	0.4×	0.3×	0.23×	0.17×	0.2×	0.21×	0.11×	0.21×
P/S	1.45×	1.03×	0.12×	0.4×	0.33×	0.35×	0.24×	0.46×
EV / EBITDA	4.06×	14.64×	7.63×	20.77×	20.37×	30.05×	15.68×	16.41×
Gross margin	83.0%	10.1%	2.1%	8.1%	5.2%	5.5%	9.6%	9.8%
Operating margin	29.8%	2.7%	-0.8%	1.0%	0.5%	5.9%	0.3%	1.4%
Net margin	22.3%	2.6%	1.0%	4.5%	2.9%	2.8%	0.1%	1.0%
Current ratio	5.1×	1.2×	1.88×	2.53×	6.04×	1.81×	2.06×	1.73×
Debt / equity	0.04×	0.02×	0×	0×	0×	0×	0×	0×
Interest coverage	31.31×	13.78×	-245.25×	64.06×	35.7×	187.07×	4×	16.88×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	3.1%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	141.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.2%	0.8%	1.9%	1.9%	1.7%	1.8%	0.1%	0.5%
Return on invested capital	5.7%	0.4%	-0.9%	-0.1%	0.3%	3.5%	0.1%	0.5%
Return on assets	5.9%	0.7%	1.5%	1.8%	1.7%	1.6%	0.1%	0.4%
Free cash flow yield	11.2%	-22.4%	-17.5%	-32.4%	-15.9%	185.1%	-27.3%	-39.5%
Earnings yield	15.4%	2.5%	8.3%	11.1%	8.8%	8.2%	0.6%	2.2%
Enterprise value	₹695M	₹476.6M	₹271.5M	₹211.5M	₹178.7M	₹237.1M	₹117.4M	₹216.5M
Net debt / EBITDA	0×	0.59×	-0.56×	-0.51×	-5.71×	-1.1×	0.02×	-0.1×
Cash conversion cycle (days)	75	3	0	2	-23	-23	190	1