Optimus Finance Limited (OPTIFIN.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

-818.2%

-₹122.03

vs ₹16.99 price

Levered DCF

-₹195.64

After debt service

Piotroski score

4 / 9

Average

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	15.22×	2.79×	1.32×	0.77×	0.66×	0.64×	0.68×	0.48×
P/B	1.33×	0.28×	0.18×	0.11×	0.09×	0.08×	0.07×	0.06×
P/S	0.46×	0.1×	0.06×	0.03×	0.02×	0.02×	0.03×	0.01×
EV / EBITDA	8.59×	2.24×	2.01×	0.67×	1.18×	1.56×	1.97×	2.05×
Gross margin	14.7%	99.5%	15.3%	16.9%	19.8%	22.7%	20.3%	7.9%
Operating margin	6.2%	8.4%	4.9%	9.4%	8.8%	8.1%	11.7%	7.6%
Net margin	3.1%	3.7%	4.8%	4.5%	3.7%	3.8%	5.0%	2.7%
Current ratio	1.78×	4.56×	5.4×	2.55×	3.46×	5.48×	4.32×	6.53×
Debt / equity	0.59×	0.4×	0.39×	0.19×	0.41×	0.52×	0.54×	0.57×
Interest coverage	0×	5.73×	128.73×	6.95×	5.21×	0×	124.08×	7.92×
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	8.7%	10.1%	13.5%	14.6%	13.5%	12.2%	10.5%	12.3%
Return on invested capital	6.3%	8.2%	5.9%	14.8%	12.1%	8.4%	7.8%	13.3%
Return on assets	3.0%	3.9%	5.6%	5.4%	4.5%	3.9%	3.3%	5.2%
Free cash flow yield	-17.5%	-134.3%	-152.8%	-65.8%	-56.1%	202.8%	-1385.8%	255.6%
Earnings yield	6.6%	35.9%	76.0%	129.9%	150.6%	155.3%	148.0%	208.1%
Enterprise value	₹1.2B	₹285.4M	₹212.7M	₹72.1M	₹89.5M	₹87.6M	₹83M	₹71.7M
Net debt / EBITDA	2.24×	0.97×	1.36×	0.35×	0.95×	1.33×	1.71×	1.83×
Cash conversion cycle (days)	150	112	148	109	98	121	142	45