Raaj Medisafe India Limited (RAAJMEDI.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

-648.8%

-₹567.96

vs ₹103.50 price

Levered DCF

-₹618.06

After debt service

Piotroski score

2 / 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	64.54×	15.76×	16.84×	7.63×	13.87×	6.67×	-32.23×	-3.29×
P/B	2.5×	3.63×	5.17×	3.39×	10.07×	14.31×	-7.84×	-0.66×
P/S	1.46×	1.57×	1.29×	0.66×	1.2×	0.48×	0.43×	1.09×
EV / EBITDA	13.72×	14.98×	12.43×	7.31×	10.71×	7.01×	18.3×	-25.61×
Gross margin	35.7%	29.9%	26.9%	25.0%	27.1%	24.5%	22.3%	1.0%
Operating margin	12.2%	11.5%	13.4%	12.6%	12.6%	10.6%	7.0%	-16.3%
Net margin	2.3%	9.8%	7.7%	8.6%	8.7%	7.2%	-1.3%	-33.2%
Current ratio	1.43×	1.06×	1.16×	1.34×	1.05×	1.12×	0.94×	0.5×
Debt / equity	1.38×	1.28×	2.39×	2.08×	3.14×	12.25×	-9.99×	-1.47×
Interest coverage	2.45×	3.38×	3.69×	4.6×	6.59×	4.63×	1.36×	-1.25×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.9%	22.8%	30.7%	44.5%	72.6%	214.5%	24.3%	20.1%
Return on invested capital	2.4%	11.7%	12.0%	18.3%	19.9%	20.2%	-239.0%	-21.1%
Return on assets	1.5%	8.9%	8.0%	12.9%	15.4%	13.8%	-2.1%	-31.1%
Free cash flow yield	-25.5%	-15.1%	-13.1%	-6.1%	3.0%	-10.8%	-13.4%	-32.4%
Earnings yield	1.5%	6.3%	5.9%	13.1%	7.2%	15.0%	-3.1%	-30.4%
Enterprise value	₹1.7B	₹1.3B	₹818.4M	₹410.1M	₹547.7M	₹284.5M	₹211.3M	₹168.4M
Net debt / EBITDA	4.24×	3.91×	3.93×	2.78×	2.54×	3.23×	10.23×	-17.64×
Cash conversion cycle (days)	123	130	158	138	96	70	53	20