Nivaka Fashions Ltd. (NIVAKA.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

-122.7%

-₹0.15

vs ₹0.67 price

Levered DCF

-₹0.11

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	-2.92×	-72.53×	-168×	1,304.55×	102.14×	47.83×	-35.43×	16.88×
P/B	3.48×	3.81×	4.27×	2.85×	2.85×	2.93×	3.13×	2.86×
P/S	83.02×	19.85×	26.96×	7.15×	2.45×	1.35×	1.37×	0.81×
EV / EBITDA	-3.63×	175.75×	473.65×	82.68×	47.27×	35.02×	-43.22×	16.77×
Gross margin	-1542.8%	27.6%	11.8%	49.7%	38.9%	6.8%	-1.9%	7.9%
Operating margin	-2737.9%	-36.4%	-45.5%	-9.4%	2.6%	-1.8%	-8.6%	4.7%
Net margin	-2841.7%	-27.4%	-16.0%	0.6%	2.4%	2.8%	-3.9%	5.0%
Current ratio	0.47×	2.27×	4.46×	2.27×	1.21×	0.85×	0.73×	0.87×
Debt / equity	0.26×	0.19×	0.2×	0.23×	0.05×	0.05×	0.03×	0.02×
Interest coverage	-23.9×	-3.38×	-3.63×	-7.96×	8.76×	-45.52×	0×	652.54×
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	-119.0%	-5.3%	-2.5%	0.2%	2.8%	6.1%	-8.8%	17.4%
Return on invested capital	-90.5%	-5.9%	-5.7%	-0.7%	2.7%	-3.7%	-19.1%	12.2%
Return on assets	-60.1%	-3.6%	-2.0%	0.1%	1.3%	1.8%	-2.8%	9.2%
Free cash flow yield	-38.2%	-5.2%	1.2%	4.0%	-19.2%	-4.4%	10.4%	14.4%
Earnings yield	-34.2%	-1.4%	-0.6%	0.1%	1.0%	2.1%	-2.8%	6.1%
Enterprise value	₹162.8M	₹382.1M	₹438.1M	₹316.5M	₹296.4M	₹294.9M	₹295.8M	₹296.2M
Net debt / EBITDA	-0.24×	7.87×	7.38×	5.69×	0.27×	0.07×	-0.15×	0.08×
Cash conversion cycle (days)	-62	629	403	194	-147	-93	-87	-14