OBCL Limited (OBCL.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

-153.4%

-₹30.50

vs ₹57.11 price

Levered DCF

-₹86.49

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

2.78

Grey zone

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	-15.43×	47.39×	29.43×	28.07×	42.95×	57.95×	36.13×	31.62×
P/B	1.44×	1.19×	1.21×	1.2×	4.1×	4.53×	4.84×	5.47×
P/S	0.35×	0.32×	0.33×	0.28×	1.11×	0.99×	0.86×	0.69×
EV / EBITDA	38.71×	13.11×	13.13×	11.59×	23.1×	26.41×	17.88×	15.99×
Gross margin	2.4%	3.5%	3.2%	3.9%	4.0%	3.2%	4.9%	4.7%
Operating margin	-1.6%	2.0%	1.4%	2.9%	3.1%	2.9%	3.5%	3.3%
Net margin	-2.3%	0.7%	1.1%	1.0%	2.6%	1.7%	2.4%	2.2%
Current ratio	1.73×	2.05×	5.23×	6.83×	4.54×	2.45×	2.76×	2.28×
Debt / equity	0.86×	0.64×	0.15×	0.02×	0.11×	0.38×	0.4×	0.45×
Interest coverage	-0.98×	1.76×	3.47×	7.65×	5.46×	4.27×	4.82×	13.18×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.4%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	18.2%	13.7%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-9.3%	2.5%	4.1%	4.3%	9.5%	7.8%	13.4%	17.3%
Return on invested capital	-3.5%	2.9%	3.0%	8.8%	7.6%	7.0%	10.7%	12.7%
Return on assets	-4.6%	1.4%	3.2%	3.7%	7.6%	4.8%	8.2%	9.2%
Free cash flow yield	-9.4%	-30.8%	-5.8%	-1.1%	8.1%	1.0%	1.0%	-2.2%
Earnings yield	-6.5%	2.1%	3.4%	3.6%	2.3%	1.7%	2.8%	3.2%
Enterprise value	₹1.9B	₹1.7B	₹1.2B	₹1B	₹3.4B	₹3.6B	₹3.6B	₹3.6B
Net debt / EBITDA	13.97×	4.52×	1.46×	0.1×	0.49×	2×	1.28×	1.14×
Cash conversion cycle (days)	80	90	70	63	80	88	73	51