Olympic Cards Limited (OLPCL.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

-292.5%

-₹5.22

vs ₹2.71 price

Levered DCF

₹42.13

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-17.19×	-1.23×	-4.51×	-1.18×	-0.96×	-0.73×	-1.53×	-2.18×
P/B	4.25×	4.09×	0.81×	0.74×	0.49×	0.25×	0.37×	0.3×
P/S	0.43×	0.57×	0.4×	0.36×	0.78×	0.49×	0.26×	0.21×
EV / EBITDA	171.05×	-19.44×	11.85×	34.15×	-221.77×	-262.17×	34.93×	10.46×
Gross margin	12.9%	10.2%	14.7%	14.2%	15.4%	24.4%	21.1%	29.3%
Operating margin	-24.4%	-32.7%	-32.9%	-20.7%	-57.8%	-40.8%	-3.7%	3.8%
Net margin	-2.5%	-46.7%	-8.9%	-30.3%	-81.3%	-67.6%	-17.1%	-9.9%
Current ratio	1.28×	1.03×	1.25×	1.04×	1×	1.44×	1.38×	1.43×
Debt / equity	13.09×	18.76×	4.66×	5×	3.21×	2.08×	1.38×	1.42×
Interest coverage	-1.57×	-1.89×	-1.61×	-0.78×	-1.08×	-0.92×	-0.28×	0.29×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-24.6%	-333.9%	-18.0%	-63.0%	-50.8%	-33.6%	-24.4%	-13.9%
Return on invested capital	-1.7%	-10.5%	-9.7%	-7.5%	-8.1%	-5.7%	-1.9%	2.1%
Return on assets	-1.0%	-9.8%	-2.0%	-7.4%	-8.8%	-8.2%	-7.3%	-4.2%
Free cash flow yield	-114.5%	57.3%	37.7%	20.8%	114.6%	-1.2%	76.0%	118.0%
Earnings yield	-5.8%	-81.6%	-22.1%	-85.0%	-103.6%	-136.6%	-65.6%	-46.0%
Enterprise value	₹180.1M	₹300.1M	₹309.1M	₹381M	₹399.4M	₹374.4M	₹381.6M	₹469.3M
Net debt / EBITDA	128.46×	-15.96×	10.07×	29.68×	-191.89×	-233.62×	27.41×	8.61×
Cash conversion cycle (days)	572	631	661	639	1,685	1,481	359	434