Quality Power Electrical Equipments Limited (QPOWER.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

-119.2%

-₹278.53

vs ₹1,449.00 price

Levered DCF

₹287.58

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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
P/E	51.4×	34.4×	74.6×	135.63×	169.39×
P/B	11.51×	5.36×	18.25×	24.94×	30.21×
P/S	6.59×	6.76×	9.26×	11.33×	15.97×
EV / EBITDA	34.17×	17.62×	40.43×	52.79×	53.28×
Gross margin	28.3%	40.4%	33.6%	34.6%	38.0%
Operating margin	17.3%	18.0%	11.8%	18.9%	17.8%
Net margin	12.8%	19.7%	12.4%	8.4%	9.4%
Current ratio	2.48×	2.9×	1.12×	1.63×	1.98×
Debt / equity	0.07×	0.02×	0.32×	0.09×	0.12×
Interest coverage	24.03×	24.86×	15.49×	18.07×	21.48×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	1.7%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	22.4%	15.6%	24.4%	18.4%	17.8%
Return on invested capital	16.3%	8.5%	10.2%	20.8%	15.5%
Return on assets	10.9%	8.1%	6.3%	6.6%	6.5%
Free cash flow yield	-0.4%	2.0%	0.1%	1.0%	0.2%
Earnings yield	1.9%	2.9%	1.3%	0.7%	0.6%
Enterprise value	₹60.3B	₹21B	₹27.9B	₹27.6B	₹27.4B
Net debt / EBITDA	-1.18×	-1.44×	-0.14×	-0.78×	-1.05×
Cash conversion cycle (days)	67	167	175	92	163