Raja Bahadur International Limited (RAJABAH.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

-1522.3%

-₹70,403.79

vs ₹4,950.00 price

Levered DCF

-₹48,695.57

After debt service

Piotroski score

2 / 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	84.26×	-127.77×	78.39×	-18.2×	-20.98×	3.79×	0.97×	-1.8×
P/B	8.03×	10.45×	7.63×	7×	6.58×	3.13×	8.53×	-0.91×
P/S	3.66×	4.03×	4.58×	4.29×	3.44×	0.7×	3.54×	2.8×
EV / EBITDA	18.26×	16.08×	18.44×	36.27×	65.27×	8.25×	2.81×	-27.18×
Gross margin	83.1%	99.6%	73.4%	79.2%	28.3%	19.4%	70.2%	-26.1%
Operating margin	38.8%	91.6%	46.5%	17.4%	3.3%	9.2%	-34.4%	-58.8%
Net margin	4.3%	-3.2%	5.8%	-23.6%	-16.4%	18.5%	365.1%	-155.6%
Current ratio	1.23×	1.61×	1.25×	1.14×	0.78×	1.31×	1.52×	0.95×
Debt / equity	23.87×	18.05×	11.98×	10.94×	4.99×	3.56×	27.16×	-3.11×
Interest coverage	0.74×	1.68×	0.98×	0.35×	0.1×	0.74×	-0.25×	-0.56×
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	9.5%	-8.2%	9.7%	-38.4%	-31.4%	82.5%	878.6%	50.8%
Return on invested capital	1.0%	-7.7%	4.4%	2.0%	0.6%	8.8%	-2.8%	-8.4%
Return on assets	0.3%	-0.4%	0.7%	-2.8%	-4.4%	15.1%	20.8%	-17.2%
Free cash flow yield	-83.7%	-33.9%	-24.8%	-34.3%	0.5%	53.6%	-138.6%	-46.0%
Earnings yield	1.2%	-0.8%	1.3%	-5.5%	-4.8%	26.4%	103.0%	-55.6%
Enterprise value	₹3.9B	₹3.3B	₹2.5B	₹1.9B	₹1.8B	₹1.4B	₹1.3B	₹1.2B
Net debt / EBITDA	13.36×	10.01×	11.16×	21.18×	27.88×	4.34×	2.12×	-20.97×
Cash conversion cycle (days)	-729	-20,727	2	-850	73	119	11,742	1,633