NPR Finance Limited (NPRFIN.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

-71.3%

₹7.25

vs ₹25.28 price

Levered DCF

₹12.07

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	54.29×	25.75×	10.97×	-3.17×	-142.04×	-7.31×	4.69×	5.71×
P/B	0.23×	0.3×	0.25×	0.15×	0.14×	0.14×	0.14×	0.29×
P/S	2.33×	2.24×	1.31×	0.62×	1×	1.34×	0.28×	0.39×
EV / EBITDA	33.3×	51.34×	41.88×	32.17×	5.4×	21.53×	3.88×	5.6×
Gross margin	75.6%	31.5%	24.6%	20.4%	44.9%	40.0%	15.5%	14.1%
Operating margin	5.5%	2.5%	2.4%	-1.7%	7.2%	-3.9%	6.9%	8.3%
Net margin	4.3%	8.7%	12.0%	-19.7%	-0.7%	-18.4%	6.0%	6.9%
Current ratio	2.11×	33.89×	9.59×	4.2×	10.08×	29.79×	899.9×	217.9×
Debt / equity	0.01×	0.02×	0.08×	0.06×	0.01×	0.04×	0.06×	0.15×
Interest coverage	0×	0.46×	0×	-0.93×	3.93×	-0.6×	4.78×	4.91×
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	0.4%	1.2%	2.3%	-4.9%	-0.1%	-2.0%	3.1%	5.0%
Return on invested capital	0.4%	0.3%	0.3%	-0.3%	-0.3%	-0.3%	2.9%	4.0%
Return on assets	0.4%	1.1%	2.1%	-4.2%	-0.1%	-1.8%	2.7%	4.4%
Free cash flow yield	0.2%	19.5%	-10.4%	-46.0%	33.6%	-0.3%	-3.1%	5.0%
Earnings yield	1.8%	3.9%	9.1%	-31.5%	-0.7%	-13.7%	21.3%	17.5%
Enterprise value	₹115.5M	₹158.6M	₹154.1M	₹80.9M	₹74.5M	₹100.3M	₹100.5M	₹207.1M
Net debt / EBITDA	0.7×	2.05×	9.54×	1.71×	0.02×	4.9×	0.87×	1.7×
Cash conversion cycle (days)	6	2,123	1,631	573	141	966	495	397