Parshva Enterprises Limited (PARSHVA.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

-136.5%

-₹91.29

vs ₹250.00 price

Levered DCF

₹13.63

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

54.24

Safe zone

Rating

C+

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	639×	850×	863.8×	840.24×	840.24×	980.28×	928.68×	392.11×
P/B	15.33×	11.75×	16.32×	16.89×	17.14×	22.43×	22.96×	36.55×
P/S	6.64×	6.52×	8.8×	9.69×	13.04×	15.72×	16.14×	16.69×
EV / EBITDA	333.4×	311.24×	426.96×	398.94×	413.84×	535.58×	338.99×	278.05×
Gross margin	3.0%	4.6%	4.2%	3.5%	4.8%	3.6%	5.4%	7.1%
Operating margin	1.7%	1.7%	1.9%	2.2%	2.7%	2.3%	4.1%	5.3%
Net margin	1.0%	0.8%	1.0%	1.2%	1.6%	1.6%	1.7%	4.2%
Current ratio	4.47×	5.4×	6.07×	13.85×	8.73×	7.02×	25.67×	9.61×
Debt / equity	0.01×	0.05×	0.08×	0.09×	0.09×	0.15×	0.03×	0.07×
Interest coverage	9.79×	3.93×	3.79×	3.96×	4.74×	7.75×	24.17×	366.72×
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	2.4%	1.4%	1.9%	2.0%	2.0%	2.3%	2.4%	9.3%
Return on invested capital	2.9%	2.1%	2.5%	2.6%	2.3%	2.1%	4.1%	8.1%
Return on assets	1.9%	1.1%	1.5%	1.8%	1.8%	2.0%	2.3%	8.4%
Free cash flow yield	1.7%	2.0%	0.7%	0.0%	-1.8%	-0.6%	-1.4%	-1.3%
Earnings yield	0.2%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.3%
Enterprise value	₹1.6B	₹1.6B	₹2.2B	₹1.8B	₹1.8B	₹1.6B	₹1.6B	₹1.2B
Net debt / EBITDA	0.24×	1.26×	1.79×	2.06×	2.21×	3.43×	0.34×	0.51×
Cash conversion cycle (days)	189	210	131	202	269	232	202	152