Radhika Jeweltech Limited (RADHIKAJWE.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

+162.4%

₹160.07

vs ₹61.00 price

Levered DCF

-₹96.42

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	7.97×	16.2×	16.27×	11.75×	14.1×	16.81×	29.61×	45.46×
P/B	1.5×	3.02×	3.04×	1.62×	2.03×	2.33×	2.76×	3.01×
P/S	0.93×	1.66×	1.48×	1.12×	1.64×	2.77×	2.22×	2.2×
EV / EBITDA	6.24×	11.27×	11.92×	8.65×	9.77×	10.44×	27.41×	19.23×
Gross margin	20.9%	19.0%	16.6%	18.2%	17.6%	25.7%	16.3%	16.4%
Operating margin	16.0%	15.3%	12.7%	12.9%	15.4%	19.9%	8.1%	9.9%
Net margin	11.7%	10.2%	9.1%	9.5%	11.6%	16.5%	7.5%	4.9%
Current ratio	6.33×	8.3×	6.7×	7.29×	8.87×	7.03×	25.87×	27.56×
Debt / equity	0.15×	0.13×	0.19×	0.16×	0.12×	0.15×	0.17×	0.39×
Interest coverage	42.05×	25.87×	27.68×	43.47×	74.58×	84.36×	5.63×	3.81×
Dividend yield	0.0%	0.2%	0.0%	0.7%	0.6%	0.0%	0.4%	0.0%
Payout ratio	0.0%	3.9%	0.0%	7.9%	8.7%	0.0%	11.1%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.8%	18.6%	18.7%	13.8%	14.4%	13.8%	9.3%	6.6%
Return on invested capital	16.6%	17.5%	16.2%	12.0%	12.7%	10.8%	6.9%	5.4%
Return on assets	15.6%	16.0%	15.4%	11.5%	12.8%	11.4%	7.6%	4.6%
Free cash flow yield	-2.5%	1.7%	-3.2%	-7.4%	-1.5%	1.7%	0.1%	-2.9%
Earnings yield	12.5%	6.2%	6.1%	8.5%	7.1%	5.9%	3.4%	2.2%
Enterprise value	₹6.5B	₹10.1B	₹8.5B	₹3.7B	₹3.6B	₹3.5B	₹3.9B	₹3.9B
Net debt / EBITDA	0.51×	0.42×	0.67×	0.47×	-0.54×	-0.8×	0.39×	0.22×
Cash conversion cycle (days)	322	268	-2	-11	0	476	299	277