Oasis Securities Limited (OASISEC.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

-59.3%

₹6.75

vs ₹16.57 price

Levered DCF

-₹8.96

After debt service

Piotroski score

3 / 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	19.81×	68.33×	16.34×	-25.65×	6.25×	1.75×	-2.7×	-14.71×
P/B	1.41×	4.48×	1.86×	0.99×	1.27×	0.49×	0.69×	0.57×
P/S	10.64×	73.23×	9.18×	6.04×	1.46×	0.65×	-9.14×	2.84×
EV / EBITDA	16.2×	51.23×	12.32×	59.66×	7.73×	2.04×	-1.79×	-16.43×
Gross margin	84.3%	76.2%	67.3%	55.3%	26.7%	31.9%	100.0%	45.6%
Operating margin	55.0%	130.4%	38.0%	4.2%	17.7%	31.0%	245.2%	-19.8%
Net margin	53.9%	107.4%	56.5%	-23.1%	23.3%	37.3%	339.1%	-19.0%
Current ratio	20,665.2×	454×	1.47×	0.14×	1.35×	0.71×	110.55×	518.74×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	519.4×	877.58×	1,584.5×	752×	0.31×	0×	0×	0×
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	7.1%	6.6%	11.5%	-3.8%	20.3%	28.0%	-25.6%	-3.8%
Return on invested capital	6.0%	6.0%	6.1%	-2.4%	11.1%	20.8%	-17.8%	-4.0%
Return on assets	7.0%	6.4%	11.3%	-3.7%	5.3%	27.3%	-24.3%	-3.8%
Free cash flow yield	-3.4%	-4.8%	-3.0%	14.6%	-88.7%	-135.9%	-24.4%	-33.0%
Earnings yield	5.1%	1.5%	6.2%	-3.8%	16.0%	57.2%	-37.1%	-6.7%
Enterprise value	₹196.8M	₹587.6M	₹226.7M	₹109M	₹138.2M	₹43.5M	₹42.2M	₹45.4M
Net debt / EBITDA	-0.34×	-0.35×	-0.17×	-0.08×	-0.29×	-0.04×	0.1×	0.3×
Cash conversion cycle (days)	0	0	0	650	109	55	-94	0