Panache Digilife Limited (PANACHE.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

-106.9%

-₹44.02

vs ₹642.00 price

Levered DCF

-₹192.77

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

6.31

Safe zone

Rating

Overall 3 / 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	26.48×	58.17×	163.91×	90.22×	75.22×	191.5×	-18.39×	13.03×
P/B	4.06×	6.06×	2.84×	2.38×	1.99×	2.34×	1.85×	1.5×
P/S	1.76×	3.44×	0.94×	0.67×	0.7×	0.89×	0.76×	0.52×
EV / EBITDA	16.79×	36.96×	25.1×	17.24×	13.35×	11.17×	13.9×	8.84×
Gross margin	13.5%	11.8%	14.7%	11.5%	13.2%	19.1%	21.0%	11.7%
Operating margin	10.6%	8.2%	1.2%	4.7%	4.7%	9.0%	8.0%	7.3%
Net margin	6.7%	5.9%	0.6%	0.7%	0.9%	0.5%	-4.1%	4.0%
Current ratio	1.82×	2.21×	1.37×	1.37×	1.42×	1.39×	1.19×	1.35×
Debt / equity	0.26×	0.32×	1.02×	1.12×	0.79×	0.97×	1.48×	0.74×
Interest coverage	9.68×	3.48×	0.26×	1.33×	1.31×	2.08×	2.21×	3.26×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.1%	0.2%	0.2%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	26.9%	-3.1%	2.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.3%	10.4%	1.7%	2.6%	2.6%	1.2%	-10.1%	11.5%
Return on invested capital	14.0%	8.2%	1.8%	5.7%	4.6%	7.9%	5.4%	8.1%
Return on assets	7.1%	6.0%	0.6%	0.8%	0.8%	0.4%	-2.7%	3.5%
Free cash flow yield	-1.7%	-4.9%	4.6%	-10.3%	11.9%	7.3%	-30.8%	-13.7%
Earnings yield	3.8%	1.7%	0.6%	1.1%	1.3%	0.5%	-5.4%	7.7%
Enterprise value	₹4.5B	₹4.2B	₹1.2B	₹1.1B	₹836.7M	₹967.3M	₹952.6M	₹674M
Net debt / EBITDA	0.93×	1.74×	6.57×	5.51×	3.7×	3.21×	6.01×	2.51×
Cash conversion cycle (days)	84	225	182	180	191	219	175	167