Perfect Octave Media Projects Limited (OCTAVE.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

-123.7%

-₹0.72

vs ₹3.03 price

Levered DCF

-₹0.42

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

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	14.78×	1,086.11×	32.29×	15.67×	909.68×	-9.67×	120.83×	462.5×
P/B	1.44×	1.38×	0.85×	0.78×	1.24×	0.41×	0.6×	0.31×
P/S	51.85×	15.46×	4.36×	4.19×	9.34×	3.06×	3.25×	2.4×
EV / EBITDA	16.22×	461.19×	19.02×	18.89×	102.97×	-27.61×	18.07×	169.98×
Gross margin	-178.6%	30.5%	48.1%	75.5%	50.3%	48.2%	61.1%	39.2%
Operating margin	-509.4%	3.9%	46.5%	33.5%	11.4%	-15.3%	16.5%	-3.1%
Net margin	350.9%	1.4%	13.5%	27.0%	1.0%	-31.6%	2.7%	0.5%
Current ratio	0.04×	0.05×	0.03×	0×	0.05×	0.05×	0.07×	0.08×
Debt / equity	0.17×	0.39×	0.37×	0.41×	0.53×	0.51×	0.45×	0.5×
Interest coverage	-96.31×	1.39×	2.39×	4.22×	1.01×	-0.86×	0.6×	-4.51×
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	9.7%	0.1%	2.6%	5.0%	0.1%	-4.2%	0.5%	0.1%
Return on invested capital	-12.1%	0.3%	6.6%	4.5%	1.0%	-1.4%	1.4%	2.2%
Return on assets	7.2%	0.1%	1.9%	3.5%	0.1%	-2.8%	0.3%	0.0%
Free cash flow yield	-3.9%	-0.9%	6.9%	14.2%	-0.6%	-2.8%	2.7%	27.6%
Earnings yield	6.8%	0.1%	3.1%	6.4%	0.1%	-10.3%	0.8%	0.2%
Enterprise value	₹151.8M	₹151.7M	₹104.9M	₹99M	₹139.6M	₹73M	₹87.5M	₹64.9M
Net debt / EBITDA	1.66×	100.3×	5.8×	6.44×	30.81×	-15.14×	7.68×	102.76×
Cash conversion cycle (days)	-623	-48	-36	-116	21	-16	29	-67