Qgo Finance Ltd. (QGO.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

+230.6%

₹155.07

vs ₹46.90 price

Levered DCF

-₹220.54

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.61

Distress zone

Rating

Overall 4 / 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	7.69×	13.98×	16.56×	16.18×	12.19×	23.59×	23.75×	49.11×
P/B	1.23×	2.37×	2.85×	2.17×	1.37×	1.46×	1.47×	1.07×
P/S	1.42×	2.62×	3.13×	2.46×	1.89×	2.9×	3.86×	6.23×
EV / EBITDA	26.13×	29.45×	34×	37.4×	37.02×	50.01×	42.58×	83.85×
Gross margin	36.4%	35.0%	33.5%	32.0%	35.0%	37.7%	48.2%	73.9%
Operating margin	24.6%	24.8%	23.9%	20.4%	21.9%	17.9%	20.5%	32.5%
Net margin	18.5%	18.7%	18.9%	15.2%	15.6%	12.3%	16.2%	2.8%
Current ratio	2.26×	201×	323.01×	280.74×	1.31×	689.86×	124.71×	320.68×
Debt / equity	4.89×	4.85×	5.16×	5.28×	4.8×	3.16×	2.04×	0.9×
Interest coverage	0×	107.14×	110.59×	0×	0×	710.04×	742.1×	24,464.24×
Dividend yield	1.6%	1.0%	0.8%	1.0%	0.9%	0.0%	0.0%	0.0%
Payout ratio	12.4%	13.6%	13.1%	15.8%	10.7%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	16.0%	16.9%	17.2%	13.4%	11.2%	6.2%	6.2%	0.5%
Return on invested capital	2.7%	2.9%	2.8%	2.1%	2.0%	1.5%	2.0%	0.6%
Return on assets	2.7%	2.9%	2.8%	2.1%	1.9%	1.5%	2.0%	0.2%
Free cash flow yield	-50.6%	10.8%	-0.3%	5.0%	2.9%	-1.3%	2.2%	-40.0%
Earnings yield	13.0%	7.1%	6.0%	6.2%	8.2%	4.3%	4.2%	0.4%
Enterprise value	₹1.3B	₹1.3B	₹1.2B	₹960.2M	₹710.5M	₹478.3M	₹331.2M	₹170M
Net debt / EBITDA	20.71×	19.6×	21.81×	26.31×	28.76×	34.24×	24.75×	38.21×
Cash conversion cycle (days)	23	2,252	2,464	2,526	-4,555	2,999	0	0