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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
-340.4%
-₹1.23
vs ₹0.51 price
Levered DCF
₹2.54
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
138.44
Safe zone
Rating
C+
Overall 2 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E3.57×52.31×-3.5×18.74×150.43×44.22×60.9×158.56×
P/B0.29×0.37×0.59×0.68×1.15×1.4×1.45×1.46×
P/S1.95×2.11×4.59×5.74×5.54×7.47×2.65×1.96×
EV / EBITDA424.79×15.97×-3.7×13.32×74.25×39.19×46.71×76.94×
Gross margin26.5%27.7%45.0%59.1%20.4%27.0%14.4%10.2%
Operating margin-0.6%23.7%-2.5%-15.8%6.9%18.2%5.7%2.5%
Net margin54.3%4.0%-131.2%30.6%3.6%16.9%4.4%1.2%
Current ratio1,228.5×4.89×33.91×7.49×14.76×15.66×15.01×31.85×
Debt / equity0×0.1×0.01×0.04×0.03×0.03×0.03×0.03×
Interest coverage-3.27×23.79×-4.37×-104.7×138.36×14,398.28×9.47×8.04×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity8.0%0.7%-17.0%3.6%0.7%3.2%2.4%0.9%
Return on invested capital-0.1%1.4%-0.3%-1.5%0.8%3.0%2.5%1.0%
Return on assets8.0%0.6%-16.7%3.4%0.7%3.0%2.2%0.9%
Free cash flow yield21.6%31.5%1.9%-14.6%33.9%2.7%0.7%10.7%
Earnings yield27.8%1.9%-28.6%5.3%0.6%2.3%1.6%0.6%
Enterprise value₹205.9M₹299.7M₹583.3M₹796.9M₹453.1M₹583.5M₹600.9M₹592.3M
Net debt / EBITDA-27.39×-0.26×0×0.38×-7.63×-0.55×0.71×0.07×
Cash conversion cycle (days)5114227776946811,685608439