Prostarm Info Systems Ltd. (PROSTARM.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

-75.2%

₹31.29

vs ₹126.15 price

Levered DCF

-₹94.92

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

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	19.68×	18.21×	31.82×	37.17×	64.95×	60×	78.26×	172.99×
P/B	2.27×	5.2×	8.8×	12.16×	18.11×	17.26×	24.21×	32.01×
P/S	1.68×	1.54×	2.88×	3.22×	4.33×	4.12×	4.9×	8.45×
EV / EBITDA	14.21×	12.8×	21.45×	26.43×	45.56×	46.03×	62.11×	113.97×
Gross margin	19.1%	16.0%	26.8%	25.0%	21.3%	21.6%	21.5%	25.8%
Operating margin	11.2%	12.4%	13.3%	11.5%	9.1%	15.5%	15.0%	17.9%
Net margin	8.6%	8.5%	9.0%	8.7%	6.7%	6.9%	6.3%	4.9%
Current ratio	1.82×	1.51×	1.46×	1.43×	1.6×	1.62×	1.31×	1.33×
Debt / equity	0.32×	0.65×	0.52×	0.41×	0.08×	0.02×	0.03×	0.06×
Interest coverage	9.43×	7.96×	9.25×	23.2×	39.13×	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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	11.5%	28.6%	27.7%	32.8%	27.8%	28.7%	31.0%	18.5%
Return on invested capital	8.4%	18.6%	19.3%	21.9%	23.6%	46.7%	53.0%	43.4%
Return on assets	6.1%	12.5%	11.5%	12.9%	11.6%	12.3%	8.9%	6.5%
Free cash flow yield	-10.8%	-3.6%	-2.2%	-3.4%	-0.2%	0.1%	-0.2%	-0.1%
Earnings yield	5.1%	5.5%	3.1%	2.7%	1.5%	1.7%	1.3%	0.6%
Enterprise value	₹7.4B	₹6.1B	₹7.8B	₹7.7B	₹7.4B	₹5.4B	₹5.4B	₹5.4B
Net debt / EBITDA	1.76×	1.41×	1.17×	0.83×	0.07×	-0.04×	-0.22×	-0.81×
Cash conversion cycle (days)	156	124	119	71	33	29	-10	-40