Prozone Realty Limited (PROZONER.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

+15.2%

₹61.16

vs ₹53.09 price

Levered DCF

₹280.92

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
P/E	58.5×	-11.93×	107.17×	12.92×	-92.83×
P/B	1.37×	0.97×	0.96×	0.64×	0.68×
P/S	3.2×	2.54×	2.66×	1.89×	3.49×
EV / EBITDA	12.78×	14.59×	12.42×	6.27×	12.75×
Gross margin	55.7%	66.7%	61.5%	58.9%	77.7%
Operating margin	27.5%	20.8%	17.8%	23.8%	14.3%
Net margin	5.5%	-21.2%	2.5%	14.6%	-3.8%
Current ratio	1.97×	1.96×	1.91×	1.75×	1.9×
Debt / equity	1.44×	0.91×	0.83×	0.82×	0.98×
Interest coverage	1.22×	1×	0.85×	1.03×	0.34×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	2.3%	-8.1%	0.9%	4.9%	-0.7%
Return on invested capital	2.9%	3.0%	1.1%	2.6%	0.3%
Return on assets	0.8%	-2.6%	0.3%	1.6%	-0.2%
Free cash flow yield	6.3%	7.1%	12.2%	24.1%	27.8%
Earnings yield	1.7%	-8.4%	0.9%	7.7%	-1.1%
Enterprise value	₹12.1B	₹8.4B	₹8.6B	₹7B	₹7.6B
Net debt / EBITDA	6.18×	6.75×	5.33×	3.34×	7.3×
Cash conversion cycle (days)	1,669	2,260	2,064	2,280	8,388