Nexus Surgical and Medicare Limited (NEXUSSURGL.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

+980.3%

₹212.82

vs ₹19.70 price

Levered DCF

₹87.35

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

7.52

Safe zone

Rating

C+

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	11.87×	17.91×	36.28×	27.48×	16.08×	30.43×	-0.88×	-42.6×
P/B	4.86×	8.38×	13.67×	13.21×	25.58×	-43.18×	-17.8×	0.93×
P/S	1.11×	1.56×	2.23×	3×	1.95×	1.25×	2.69×	2.18×
EV / EBITDA	8.55×	12.59×	25.48×	19.75×	12.34×	26.97×	-0.88×	-47.01×
Gross margin	64.8%	60.2%	76.0%	54.6%	90.6%	64.0%	46.4%	-4.0%
Operating margin	12.2%	11.5%	8.4%	13.9%	15.3%	4.3%	4.1%	-8.5%
Net margin	9.4%	8.7%	6.1%	11.0%	12.1%	4.1%	-305.8%	-5.2%
Current ratio	1.96×	1.85×	1.41×	1.57×	0.99×	0.78×	0.3×	0.23×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0.05×
Interest coverage	0×	67.05×	52.14×	158.58×	330.11×	1,157.93×	1,175.34×	-171.62×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	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	40.9%	46.8%	37.7%	48.4%	159.2%	-142.6%	2021.6%	-2.2%
Return on invested capital	39.7%	46.3%	37.9%	45.8%	150.3%	-135.7%	-26.9%	-3.4%
Return on assets	20.2%	21.9%	11.8%	18.6%	14.5%	16.5%	-2492.6%	-2.0%
Free cash flow yield	2.0%	1.1%	-5.4%	11.7%	-2.4%	4.3%	5.2%	0.4%
Earnings yield	8.4%	5.6%	2.8%	3.7%	6.2%	3.3%	-113.6%	-2.4%
Enterprise value	₹82.4M	₹85.8M	₹75.1M	₹43.1M	₹45.5M	₹44.4M	₹46.4M	₹48.8M
Net debt / EBITDA	-0.52×	-0.49×	-0.79×	-1.61×	-0.29×	-1.33×	0×	-2.11×
Cash conversion cycle (days)	-101	-35	-275	-229	-2,026	-219	-157	-25