Radhe Developers (India) Limited (RADHEDE.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

-16.1%

₹1.09

vs ₹1.30 price

Levered DCF

-₹1.98

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

D+

Overall 1 / 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	21×	73.08×	-36.37×	508.51×	17.08×	-7.32×	-13.76×	-601×
P/B	0.97×	1.62×	3.3×	6.55×	7.9×	0.73×	0.82×	0.89×
P/S	6.13×	12.82×	24.64×	25.18×	9.9×	24.9×	6.8×	2.84×
EV / EBITDA	19.17×	41.44×	-66.63×	158.5×	13.44×	-8.77×	-20.25×	39.23×
Gross margin	61.4%	55.3%	-9.4%	41.3%	90.3%	-25.7%	23.8%	25.8%
Operating margin	36.8%	31.9%	-55.9%	8.3%	74.6%	-321.2%	-9.5%	15.2%
Net margin	29.2%	17.6%	-68.4%	5.0%	58.1%	-340.2%	-49.4%	-0.5%
Current ratio	0.99×	0.97×	0.86×	0.8×	0.73×	1.12×	1.32×	1.41×
Debt / equity	0.43×	0.58×	0.84×	0.41×	0.19×	0.02×	0.03×	0.01×
Interest coverage	5.14×	2.41×	-8.15×	3.72×	395.3×	-67.68×	-9.52×	12.21×
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	4.6%	2.2%	-9.2%	1.3%	46.3%	-10.0%	-5.9%	-0.2%
Return on invested capital	3.8%	2.4%	-4.1%	0.7%	38.8%	-8.8%	-1.1%	-30.8%
Return on assets	2.3%	1.0%	-3.3%	0.6%	25.5%	-5.0%	-3.2%	-0.1%
Free cash flow yield	-3.0%	-2.0%	-11.2%	-3.3%	-2.5%	-0.3%	-4.1%	17.4%
Earnings yield	4.8%	1.4%	-2.8%	0.2%	5.9%	-13.7%	-7.3%	-0.2%
Enterprise value	₹978.5M	₹1.3B	₹2.1B	₹3.8B	₹4.4B	₹213.8M	₹271M	₹300.3M
Net debt / EBITDA	5.83×	10.8×	-13.22×	9.3×	0.32×	-0.03×	-0.62×	-0.31×
Cash conversion cycle (days)	4,532	5,545	2,303	1,836	1,917	11,182	3,802	1,401