Nuvoco Vistas Corporation Limited (NUVOCO.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

+221.2%

₹1,093.10

vs ₹340.30 price

Levered DCF

₹958.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.2

Distress zone

Rating

A-

Overall 4 / 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	28.82×	514.75×	77.57×	783.86×	424.68×	-648.41×	51.72×	-542.55×
P/B	1.11×	1.25×	1.27×	1.39×	1.55×	2.3×	2.44×	2.58×
P/S	0.91×	1.08×	1.07×	1.16×	1.47×	2.25×	1.9×	1.83×
EV / EBITDA	8.29×	11.01×	9.7×	13.9×	12.47×	16.52×	13.18×	19.07×
Gross margin	63.5%	59.8%	60.6%	55.7%	61.5%	64.7%	62.7%	58.8%
Operating margin	8.6%	26.0%	26.6%	23.1%	26.8%	29.7%	29.2%	23.5%
Net margin	3.2%	0.2%	1.4%	0.1%	0.3%	-0.3%	3.7%	-0.3%
Current ratio	0.45×	0.43×	0.45×	0.48×	0.58×	0.51×	0.55×	0.59×
Debt / equity	0.53×	0.45×	0.49×	0.54×	0.63×	1.06×	0.85×	0.94×
Interest coverage	2.44×	5.91×	5.36×	4.78×	4.38×	3.35×	4.73×	3.63×
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	3.9%	0.2%	1.6%	0.2%	0.4%	-0.4%	4.7%	-0.5%
Return on invested capital	3.8%	15.3%	13.8%	-0.4%	9.6%	-9.2%	11.3%	-18.3%
Return on assets	1.8%	0.1%	0.8%	0.1%	0.2%	-0.1%	1.9%	-0.2%
Free cash flow yield	7.5%	8.7%	8.8%	9.9%	5.9%	6.9%	3.5%	2.2%
Earnings yield	3.5%	0.2%	1.3%	0.1%	0.2%	-0.2%	1.9%	-0.2%
Enterprise value	₹152B	₹151.1B	₹157.5B	₹169.1B	₹191.7B	₹241.2B	₹171.5B	₹174.7B
Net debt / EBITDA	2.63×	2.84×	2.65×	3.78×	3.56×	5×	3.27×	5×
Cash conversion cycle (days)	-54	-48	-42	-29	11	2	1	3