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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
-8725.0%
-₹426.07
vs ₹4.94 price
Levered DCF
-₹320.72
After debt service
Piotroski score
2 / 9
Weak
Altman Z-score
—
Rating
—
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013
P/E-0.13×-0.21×-0.77×-1.29×-3.02×-1.09×-0.65×4.17×
P/B-0.04×-0.14×-0.92×3.81×0.76×0.48×0.32×0.32×
P/S0.12×0.14×0.21×0.11×0.11×0.13×0.06×0.06×
EV / EBITDA-30.76×-10×150.19×10.06×8.9×13.43×18.12×3.09×
Gross margin36.9%17.6%7.9%36.6%48.8%57.8%30.7%16.7%
Operating margin-0.0%-34.1%-2.6%-12.8%-3.8%-16.2%-2.1%1.7%
Net margin-96.8%-69.4%-26.9%-8.5%-3.7%-11.5%-9.5%1.6%
Current ratio0.65×0.84×1.13×0.79×0.99×1.09×0.55×0.73×
Debt / equity-1.68×-2.62×-7.99×41.37×6.97×6.66×2.98×2.05×
Interest coverage-0×-1.17×-0.13×-1.05×-0.3×-0.78×-0.18×0.19×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2020FY2019FY2018FY2017FY2016FY2015FY2014FY2013
Return on equity35.1%65.9%120.6%-296.0%-25.3%-44.1%-48.8%7.7%
Return on invested capital-0.1%-17.8%-1.6%1.8%-2.1%-5.5%-1.7%2.0%
Return on assets-18.2%-20.7%-11.4%-5.1%-2.4%-4.4%-7.2%1.4%
Free cash flow yield751.6%245.1%68.2%160.2%118.7%-557.5%211.9%46.0%
Earnings yield-782.9%-478.4%-130.5%-77.6%-33.1%-91.3%-152.8%24.0%
Enterprise value₹1.6B₹1.7B₹1.8B₹2B₹1.9B₹1.8B₹1.2B₹1.3B
Net debt / EBITDA-29.96×-9.5×134.59×9.21×8.01×12.47×16.31×2.66×
Cash conversion cycle (days)-222-41571061673291950