RTCL Limited (RAGHUTOB.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

+91.5%

₹29.30

vs ₹15.30 price

Levered DCF

-₹3.30

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

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	9.31×	22.84×	10.48×	28.65×	55.04×	2.39×	0.36×	14.57×
P/B	0.36×	0.51×	0.52×	0.44×	0.47×	0.14×	0.08×	0.21×
P/S	15.63×	0×	5.71×	184.35×	0×	0×	0×	0×
EV / EBITDA	36.78×	20.42×	7.88×	16.79×	51.15×	2.85×	-11.48×	6.2×
Gross margin	67.5%	0.0%	65.1%	100.0%	0.0%	0.0%	0.0%	0.0%
Operating margin	36.3%	0.0%	36.3%	-573.4%	0.0%	0.0%	0.0%	0.0%
Net margin	167.9%	0.0%	54.5%	642.3%	0.0%	0.0%	0.0%	0.0%
Current ratio	1.17×	1.15×	1.16×	0.96×	1.38×	1.85×	1.36×	0.73×
Debt / equity	0.06×	0.05×	0.05×	0.05×	0.05×	0.05×	0.04×	0.24×
Interest coverage	2.07×	-3.53×	8.64×	-4.26×	-1.6×	-1.38×	-1.04×	-1.19×
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	3.9%	2.2%	5.0%	1.5%	0.8%	5.7%	21.8%	1.5%
Return on invested capital	0.7%	-1.1%	2.1%	-0.7%	-0.4%	-0.3%	-1.0%	0.2%
Return on assets	3.5%	1.9%	4.4%	1.3%	0.7%	4.8%	17.7%	1.0%
Free cash flow yield	0.0%	-3.3%	-5.2%	-5.7%	-3.3%	-16.5%	-157.5%	-13.1%
Earnings yield	10.7%	4.4%	9.5%	3.5%	1.8%	41.9%	281.1%	6.9%
Enterprise value	₹187.4M	₹238M	₹239.5M	₹197.2M	₹202.5M	₹70.5M	₹44.8M	₹130.9M
Net debt / EBITDA	4.61×	1.37×	0.64×	1.56×	4.45×	0.69×	-4.09×	3.3×
Cash conversion cycle (days)	4,935	12,673	1,247	9,565	15,858	15,772	14,656	12,003