Rajputana Investment and Finan (RAJPUTANA.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

-813.1%

-₹199.67

vs ₹28.00 price

Levered DCF

-₹416.13

After debt service

Piotroski score

4 / 9

Average

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	218.21×	31.29×	21.34×	135.86×	570.6×	713.25×	475.5×	407.57×
P/B	2.21×	2.84×	2.21×	2.77×	2.58×	2.92×	2.69×	2.75×
P/S	2.03×	1.86×	2.85×	7.72×	27.98×	37.65×	44.37×	52.2×
EV / EBITDA	-31.58×	56.78×	10.38×	62.15×	95.21×	374.58×	321.57×	291.48×
Gross margin	12.1%	9.0%	46.3%	95.0%	99.6%	98.0%	100.0%	100.0%
Operating margin	-5.5%	12.7%	13.6%	45.3%	75.3%	74.9%	78.0%	74.2%
Net margin	0.9%	5.9%	18.1%	5.7%	4.9%	5.3%	9.3%	12.8%
Current ratio	8.42×	23.4×	4.59×	29.78×	46.96×	114×	32.83×	58.64×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	392.9×	3,903×	430.08×	1,082×	901.5×	0×	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	1.0%	9.1%	14.0%	2.0%	0.5%	0.4%	0.6%	0.7%
Return on invested capital	-4.4%	14.2%	7.8%	11.7%	5.2%	4.3%	3.5%	3.2%
Return on assets	0.9%	8.8%	12.4%	2.0%	0.4%	0.4%	0.6%	0.7%
Free cash flow yield	12.2%	-1.4%	1.8%	-9.3%	-0.0%	0.2%	0.8%	-0.3%
Earnings yield	0.4%	3.2%	6.3%	0.7%	0.2%	0.1%	0.2%	0.2%
Enterprise value	₹77.5M	₹113.2M	₹77.7M	₹85.5M	₹76.4M	₹68.5M	₹77.6M	₹74.9M
Net debt / EBITDA	5.47×	-1.15×	-0.53×	-1.83×	-5.1×	-120.4×	-21.98×	-37.62×
Cash conversion cycle (days)	70	118	287	5,294	0	1,323	77	210