Nila Infrastructures Limited (NILAINFRA.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

-575.5%

-₹30.48

vs ₹6.41 price

Levered DCF

₹103.19

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B+

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	10.08×	17.67×	37.24×	-407.89×	-112.33×	-260.61×	5.95×	16.27×
P/B	1.25×	2.21×	2.92×	1.38×	1.67×	1.25×	0.73×	2.76×
P/S	0.73×	1.47×	2.29×	1.61×	2.72×	1.77×	0.4×	1.53×
EV / EBITDA	7.98×	16.5×	18.26×	16.94×	19.07×	16.74×	124.16×	240.5×
Gross margin	12.3%	13.1%	6.9%	6.1%	9.7%	10.6%	17.0%	22.5%
Operating margin	9.5%	11.0%	5.3%	0.6%	6.8%	8.5%	11.1%	16.1%
Net margin	7.2%	8.3%	6.1%	-0.4%	-2.4%	-0.7%	6.8%	9.4%
Current ratio	1.1×	1.07×	1.03×	1×	1.31×	2.17×	2.29×	2.2×
Debt / equity	0.13×	0.16×	0.24×	0.5×	0.81×	1.07×	0.88×	1.03×
Interest coverage	7.1×	7.15×	1.26×	0.06×	0.38×	0.51×	1.6×	2.68×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	1.6%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	26.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.4%	12.5%	7.8%	-0.3%	-1.5%	-0.5%	12.2%	16.9%
Return on invested capital	9.4%	9.5%	3.7%	-0.6%	1.5%	1.7%	7.9%	10.3%
Return on assets	2.6%	2.4%	1.3%	-0.1%	-0.5%	-0.2%	4.8%	6.3%
Free cash flow yield	-7.3%	15.7%	15.5%	31.7%	28.6%	10.8%	28.3%	-5.9%
Earnings yield	9.9%	5.7%	2.7%	-0.2%	-0.9%	-0.4%	16.7%	6.1%
Enterprise value	₹2.6B	₹3.7B	₹4.5B	₹2.5B	₹3.3B	₹3B	₹2.2B	₹4.5B
Net debt / EBITDA	0.72×	0.13×	1.38×	4.39×	6.23×	7.33×	67.78×	64.91×
Cash conversion cycle (days)	210	147	1,171	1,877	934	571	183	207