Nikki Global Finance Limited (NIKKIGL.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

-105.9%

-₹0.98

vs ₹16.45 price

Levered DCF

-₹43.26

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

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	36×	-52.91×	-20.35×	124.53×	-33.64×	-47.7×	-11.1×	4,006.25×
P/B	5.09×	5.99×	2.25×	1.68×	2.59×	1.04×	1.21×	1.23×
P/S	19.32×	53.98×	14,961.19×	15.16×	163.84×	23.95×	5.22×	1.24×
EV / EBITDA	32.34×	-56.16×	-23.93×	235.75×	0×	0×	0×	5,018.83×
Gross margin	78.5%	82.2%	-5941.8%	89.6%	24.1%	27.6%	-6.7%	7.2%
Operating margin	63.6%	-102.8%	-60547.1%	44.7%	-286.2%	-50.2%	-47.3%	0.1%
Net margin	53.6%	-101.4%	-73112.0%	12.2%	-487.2%	-50.2%	-47.4%	0.0%
Current ratio	1.04×	1×	1.67×	1.71×	1.74×	1.78×	0.03×	0.56×
Debt / equity	0.34×	0.39×	0.38×	2.28×	2.31×	2.14×	2.1×	1.89×
Interest coverage	0×	0×	0×	81.37×	-277.86×	-2,105.98×	0×	0×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.1%	-11.3%	-11.0%	1.3%	-7.7%	-2.2%	-10.9%	0.0%
Return on invested capital	10.3%	-8.0%	-2.5%	1.3%	-1.4%	-0.7%	-2.0%	0.0%
Return on assets	2.3%	-1.6%	-1.6%	0.2%	-1.2%	-0.4%	-1.9%	0.0%
Free cash flow yield	-0.1%	0.1%	-0.1%	0.1%	-0.0%	0.4%	-4.7%	12.8%
Earnings yield	2.8%	-1.9%	-4.9%	0.8%	-3.0%	-2.1%	-9.1%	0.0%
Enterprise value	₹82.1M	₹82.7M	₹34.9M	₹58.4M	₹71.4M	₹49.8M	₹53M	₹55.4M
Net debt / EBITDA	1.97×	-3.33×	-3.43×	135.56×	0×	0×	0×	3,032.22×
Cash conversion cycle (days)	-11,956	-43,537	860,977	-22,354	-79,310	-27,495	-68	116