Parshwanath Corporation Limited (PARSHWANA.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

-159.0%

-₹45.35

vs ₹76.86 price

Levered DCF

-₹56.74

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

D+

Overall 1 / 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	-945×	80.51×	38.41×	30.77×	31.58×	17.24×	6.41×	10.88×
P/B	2.46×	3.61×	1.71×	0.8×	0.87×	0.75×	0.47×	0.54×
P/S	47.68×	28.84×	33.45×	17.11×	22.67×	17.64×	4.81×	4.11×
EV / EBITDA	-43.43×	-152.76×	-49.89×	5.76×	2.51×	8.25×	-18.24×	1,570×
Gross margin	43.3%	100.0%	100.0%	100.0%	100.0%	100.0%	164.3%	100.0%
Operating margin	-110.7%	-14.2%	-31.2%	-42.9%	-40.3%	-48.2%	15.6%	79.2%
Net margin	-5.1%	36.6%	87.1%	55.6%	71.7%	102.3%	75.2%	37.7%
Current ratio	33.69×	61.14×	21.51×	23.89×	34.61×	101.55×	78.41×	184.74×
Debt / equity	0.01×	0×	0.04×	0.03×	0.02×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
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	-0.3%	4.6%	4.5%	2.6%	2.8%	4.3%	7.3%	4.9%
Return on invested capital	5.6%	-1.5%	-1.4%	-1.6%	-1.2%	-1.7%	1.3%	8.3%
Return on assets	-0.3%	4.5%	4.2%	2.5%	2.7%	4.3%	7.2%	4.9%
Free cash flow yield	-40.2%	-0.2%	-1.2%	-1.7%	-2.7%	-4.0%	6.4%	-0.2%
Earnings yield	-0.1%	1.3%	2.6%	3.2%	3.2%	5.8%	15.6%	9.2%
Enterprise value	₹297.9M	₹324.3M	₹91.8M	-₹12.8M	-₹4.2M	-₹17.6M	-₹45.2M	-₹33M
Net debt / EBITDA	-0.1×	53.36×	57.68×	45.68×	58.74×	44.83×	-37.21×	3,956.29×
Cash conversion cycle (days)	-191	31,008	-4	0	0	1,084,781	58	0