Quick Heal Technologies Limited (QUICKHEAL.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

-77.9%

₹31.82

vs ₹144.20 price

Levered DCF

₹45.31

After debt service

Piotroski score

1 / 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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-63.4×	314.04×	107.74×	116.62×	12.67×	11.19×	7.13×	17.32×
P/B	1.59×	3.74×	5.98×	1.77×	1.68×	1.59×	0.82×	2.01×
P/S	2.65×	5.91×	8.96×	2.67×	3.08×	3.6×	1.85×	5.05×
EV / EBITDA	-23.15×	-247.72×	66.15×	30.49×	9.7×	8.14×	5.68×	12.3×
Gross margin	23.0%	97.4%	40.0%	40.9%	56.2%	61.3%	58.2%	61.4%
Operating margin	-16.6%	-17.6%	1.9%	-4.8%	26.4%	37.7%	24.5%	33.3%
Net margin	-4.2%	1.8%	8.3%	2.3%	24.3%	32.1%	26.0%	29.2%
Current ratio	3.4×	4.72×	4.96×	4.5×	6.2×	8.53×	9.56×	10.69×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	-216.35×	-223.41×	41.69×	0×	0×	0×	0×	0×
Dividend yield	0.0%	1.0%	0.5%	3.5%	2.2%	0.0%	7.3%	1.3%
Payout ratio	0.0%	320.0%	54.8%	407.7%	27.8%	0.0%	51.7%	23.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-2.5%	1.1%	5.5%	1.5%	13.3%	14.2%	11.6%	11.6%
Return on invested capital	-5.2%	-11.0%	1.1%	-2.5%	11.0%	12.2%	7.9%	8.8%
Return on assets	-2.0%	1.0%	4.7%	1.3%	11.6%	12.9%	10.7%	10.8%
Free cash flow yield	0.1%	-2.2%	0.4%	3.6%	7.0%	7.5%	11.2%	3.2%
Earnings yield	-1.6%	0.3%	0.9%	0.9%	7.9%	8.9%	14.0%	5.8%
Enterprise value	₹6.8B	₹16.3B	₹25.8B	₹7.3B	₹10.5B	₹11.8B	₹5.2B	₹15.8B
Net debt / EBITDA	0.45×	3.14×	-0.96×	-0.48×	-0.07×	-0.11×	-0.11×	-0.1×
Cash conversion cycle (days)	127	-1,457	87	82	74	34	47	48