Nile Limited (NILE.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

-31.9%

₹891.92

vs ₹1,310.00 price

Levered DCF

₹2,402.23

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	7.65×	12.49×	12.77×	6.26×	7×	6.43×	4.59×	8.43×
P/B	1.34×	1.72×	1.73×	0.71×	0.94×	0.57×	0.36×	0.8×
P/S	0.41×	0.49×	0.47×	0.18×	0.24×	0.17×	0.08×	0.18×
EV / EBITDA	4.91×	8.44×	8.73×	4.13×	5.45×	5.67×	3.29×	5.39×
Gross margin	20.6%	20.8%	10.8%	21.9%	23.1%	9.2%	7.6%	9.0%
Operating margin	7.1%	5.7%	5.2%	4.2%	5.2%	4.1%	3.1%	4.2%
Net margin	5.3%	4.0%	3.7%	2.8%	3.4%	2.6%	1.8%	2.2%
Current ratio	9.63×	9.94×	21.52×	10.59×	4.06×	2.94×	4.72×	3.02×
Debt / equity	0.04×	0.08×	0.05×	0.08×	0.28×	0.34×	0.16×	0.35×
Interest coverage	34.77×	23.73×	36.72×	11.88×	9.05×	8.74×	4.31×	5.76×
Dividend yield	0.4%	0.3%	0.2%	0.4%	0.2%	0.3%	1.4%	0.7%
Payout ratio	2.7%	3.3%	2.9%	2.7%	1.3%	2.2%	6.6%	5.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	17.5%	13.7%	13.6%	11.3%	13.4%	8.9%	7.8%	9.5%
Return on invested capital	16.3%	13.1%	13.2%	11.4%	11.8%	7.7%	9.0%	8.7%
Return on assets	15.6%	12.0%	12.4%	9.9%	10.0%	6.3%	6.2%	6.7%
Free cash flow yield	15.1%	-3.8%	1.6%	32.4%	4.2%	7.6%	22.8%	4.8%
Earnings yield	13.1%	8.0%	7.8%	16.0%	14.3%	15.6%	21.8%	11.9%
Enterprise value	₹4B	₹4.8B	₹4B	₹1.5B	₹2.2B	₹1.4B	₹721M	₹1.5B
Net debt / EBITDA	-0.27×	0.38×	0.06×	0.2×	1.25×	2.1×	1×	1.62×
Cash conversion cycle (days)	74	90	77	83	109	119	81	96