Raghuvir Synthetics Limited (RAGHUSYN.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

-329.7%

-₹229.80

vs ₹100.05 price

Levered DCF

-₹231.30

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

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	-278.79×	52.11×	93.8×	-36.5×	231.76×	12.76×	25.16×	38.42×
P/B	10.48×	15.35×	16.79×	16.73×	25.3×	2.71×	2.85×	4.37×
P/S	1.39×	1.62×	1.83×	3.85×	3.69×	0.43×	0.69×	1.51×
EV / EBITDA	45.77×	27.74×	28.99×	-228.01×	83.44×	7.24×	9.59×	13.92×
Gross margin	14.0%	17.5%	3.8%	20.0%	15.8%	22.7%	38.0%	54.4%
Operating margin	-0.1%	2.3%	3.3%	-9.2%	2.1%	5.0%	4.8%	5.2%
Net margin	-0.5%	2.7%	2.0%	-10.5%	1.6%	3.4%	2.7%	4.0%
Current ratio	0.94×	0.88×	0.77×	0.74×	1.25×	1.27×	1.02×	1.09×
Debt / equity	2.27×	1.02×	1.4×	1.79×	0.54×	0.61×	0.64×	0.68×
Interest coverage	-0.08×	2.51×	2.13×	-2.96×	6.79×	9.66×	6×	10.52×
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	-3.8%	25.6%	17.9%	-45.8%	10.9%	21.2%	11.4%	11.5%
Return on invested capital	-0.2%	10.4%	11.0%	-12.2%	7.3%	13.9%	8.0%	6.0%
Return on assets	-1.1%	7.2%	4.2%	-10.0%	4.7%	8.4%	3.3%	4.3%
Free cash flow yield	-13.9%	1.5%	0.6%	-4.3%	0.1%	-0.9%	5.6%	1.2%
Earnings yield	-0.4%	1.7%	1.1%	-2.7%	0.4%	7.8%	4.0%	2.6%
Enterprise value	₹4.3B	₹5.7B	₹4.8B	₹4B	₹8.1B	₹916.4M	₹757.9M	₹977.2M
Net debt / EBITDA	8.12×	1.34×	2.2×	-21.92×	1.74×	1.3×	1.7×	1.83×
Cash conversion cycle (days)	42	9	35	82	20	34	87	-67