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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
-186.4%
-₹1,225.82
vs ₹1,418.90 price
Levered DCF
-₹720.57
After debt service
Piotroski score
—
Altman Z-score
—
Rating
D+
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024
P/E28.53×34.59×
P/B3.96×3.62×
P/S2.85×2.15×
EV / EBITDA12.53×12.61×
Gross margin52.9%42.8%
Operating margin15.0%14.1%
Net margin10.0%6.2%
Current ratio1.38×1.04×
Debt / equity0.67×1.38×
Interest coverage2.45×1.98×
Dividend yield0.1%0.2%
Payout ratio3.6%6.8%
Key metrics by fiscal year
MetricFY2025FY2024
Return on equity13.9%10.5%
Return on invested capital8.9%6.9%
Return on assets7.0%3.7%
Free cash flow yield0.6%-2.4%
Earnings yield3.5%2.9%
Enterprise value₹16.2B₹11.3B
Net debt / EBITDA1.72×3.48×
Cash conversion cycle (days)245293