P.H. Capital Limited (PHCAP.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

-109.2%

-₹11.03

vs ₹119.65 price

Levered DCF

₹74.95

After debt service

Piotroski score

—

Altman Z-score

—

Rating

C-

Overall 1 / 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	56.08×	7.72×	2.44×	-4.73×	2.79×	0.83×	-1.99×	-9.04×
P/B	3.15×	1.12×	1.06×	0.67×	1.07×	0.46×	0.64×	0.36×
P/S	1.61×	0.33×	0.3×	0.23×	0.39×	0.18×	0.09×	0.08×
EV / EBITDA	30.39×	5.21×	1.43×	-4.29×	2.21×	0.51×	-2.44×	-713.95×
Gross margin	4.2%	7.0%	18.6%	-2.5%	18.7%	33.6%	-3.7%	0.9%
Operating margin	3.0%	6.0%	17.0%	-5.6%	17.2%	32.8%	-4.5%	-0.1%
Net margin	2.9%	4.2%	12.5%	-4.9%	14.0%	21.3%	-4.5%	-0.9%
Current ratio	51.66×	7.8×	97×	64.53×	6.54×	167.23×	7.08×	31.58×
Debt / equity	0×	0.01×	0.02×	0.04×	0.01×	0×	0.15×	0.03×
Interest coverage	18.97×	34.18×	114.95×	-16.37×	27.8×	118.51×	-7.79×	-0.27×
Dividend yield	0.0%	0.1%	0.2%	0.4%	0.0%	0.0%	0.0%	0.0%
Payout ratio	2.1%	1.0%	0.4%	-2.0%	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	5.6%	14.5%	43.3%	-14.2%	38.4%	55.3%	-32.2%	-4.0%
Return on invested capital	4.1%	14.5%	40.8%	-12.9%	38.6%	48.6%	-24.8%	-0.6%
Return on assets	5.5%	12.4%	40.4%	-13.7%	32.3%	48.0%	-27.7%	-3.6%
Free cash flow yield	14.8%	-13.2%	19.4%	1.6%	-0.9%	20.1%	-11.3%	80.4%
Earnings yield	1.8%	13.0%	40.9%	-21.1%	35.8%	120.0%	-50.3%	-11.1%
Enterprise value	₹1.5B	₹595.4M	₹397.3M	₹177M	₹322.9M	₹81M	₹64.4M	₹41.3M
Net debt / EBITDA	-6.04×	-0.1×	-0.34×	0.02×	-0.01×	-0.03×	-0.43×	-29.06×
Cash conversion cycle (days)	20	116	102	99	162	227	42	82