Ortel Communications Limited (ORTEL.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

-5203.6%

-₹83.19

vs ₹1.63 price

Levered DCF

-₹58.14

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

—

Ratios by fiscal year

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

Metric	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
P/E	-0.12×	-0.04×	-0.24×	-0.66×	243.72×	46.12×	66.22×	-26.38×
P/B	-0.03×	-0.03×	-0.61×	3.05×	2.46×	3.95×	2.92×	18.38×
P/S	0.04×	0.02×	0.11×	0.34×	1.71×	2.93×	2.4×	2.94×
EV / EBITDA	20.58×	2,056.29×	114.89×	-7.13×	10.12×	12.39×	6.81×	17.43×
Gross margin	45.3%	6.8%	9.6%	64.3%	72.7%	44.7%	73.0%	69.8%
Operating margin	-41.0%	-34.1%	-24.6%	-8.6%	13.4%	23.0%	4.6%	-10.7%
Net margin	-32.3%	-40.0%	-46.3%	-51.8%	0.7%	6.4%	3.6%	-10.7%
Current ratio	0.14×	0.13×	0.16×	0.17×	0.44×	0.61×	1.09×	0.36×
Debt / equity	-2.98×	-4.16×	-11.25×	9.68×	1.36×	1.34×	0.87×	6.58×
Interest coverage	0×	0×	-1.29×	-0.54×	1.08×	1.83×	0.31×	-0.6×
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	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Return on equity	28.5%	63.1%	250.9%	-461.7%	1.0%	8.6%	4.4%	-67.1%
Return on invested capital	-18.1%	-15.9%	-11.9%	-6.5%	7.8%	10.1%	2.3%	-8.5%
Return on assets	-6.0%	-8.6%	-11.5%	-20.2%	0.3%	2.6%	1.5%	-5.7%
Free cash flow yield	102.6%	222.7%	148.9%	1.3%	-0.1%	-16.5%	9.0%	9.1%
Earnings yield	-832.4%	-2349.0%	-413.2%	-151.2%	0.4%	2.2%	1.5%	-3.6%
Enterprise value	₹2.3B	₹2.3B	₹2.4B	₹2.6B	₹5.3B	₹7.1B	₹3.6B	₹5.1B
Net debt / EBITDA	20.34×	2,042.88×	108.91×	-5.39×	3.5×	2.76×	-0.15×	4.45×
Cash conversion cycle (days)	-57	-155	-29	-16	108	63	-135	-133