Raghunath International Limited (RAGHUNAT.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

-8.6%

₹8.71

vs ₹9.53 price

Levered DCF

₹0.24

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.93

Grey zone

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	4.91×	2.67×	51.92×	-152.99×	4.76×	3.67×	7.48×	9.48×
P/B	0.3×	0.42×	0.5×	0.43×	0.43×	0.48×	0.55×	0.59×
P/S	6.11×	24.09×	22.59×	5.48×	3.03×	2.92×	40.49×	12.99×
EV / EBITDA	3.77×	2.21×	-22.69×	-41.6×	4.05×	3.96×	23.83×	171.28×
Gross margin	92.7%	-8.2%	100.0%	93.4%	67.8%	64.0%	88.4%	100.0%
Operating margin	54.4%	-56.0%	0.8%	63.5%	77.5%	76.9%	159.5%	40.4%
Net margin	124.5%	903.0%	43.7%	-3.6%	63.7%	79.4%	540.3%	137.5%
Current ratio	1.72×	2.04×	4.24×	5.98×	1.96×	3.02×	7.01×	6.18×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	4,604×	-155.25×	76.67×	0×	15,013×	15,504×	11,994.82×	0×
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	6.1%	15.6%	1.0%	-0.3%	9.0%	13.0%	7.3%	6.3%
Return on invested capital	2.0%	-0.7%	0.0%	-4.1%	8.2%	10.0%	2.0%	1.8%
Return on assets	5.6%	14.4%	0.9%	-0.3%	8.2%	12.0%	6.9%	5.9%
Free cash flow yield	0.2%	-0.2%	0.1%	-0.3%	-0.3%	0.1%	1.1%	-0.3%
Earnings yield	20.4%	37.5%	1.9%	-0.7%	21.0%	27.2%	13.3%	10.6%
Enterprise value	₹49.5M	₹67.3M	₹67.2M	₹58.6M	₹58.3M	₹58.1M	₹57.7M	₹58.3M
Net debt / EBITDA	-0.17×	-0×	0.09×	0.13×	-0.03×	-0.04×	-0.43×	-1.4×
Cash conversion cycle (days)	4,422	1,256	262	5,962	2,638	2,500	35,273	0