Rama Vision Limited (RAMAVISION.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

-482.1%

-₹679.01

vs ₹177.70 price

Levered DCF

-₹673.48

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	20.35×	28.81×	21.67×	21.98×	38.08×	179.35×	1,519.13×	763.74×
P/B	3.31×	2.68×	2.66×	2.48×	2.88×	3.11×	3.16×	3.17×
P/S	0.76×	0.72×	0.82×	0.68×	0.9×	1.01×	1.29×	1.58×
EV / EBITDA	12.05×	13.97×	13.82×	13.66×	23.25×	22.97×	44.27×	43.2×
Gross margin	24.2%	31.6%	29.8%	25.9%	26.0%	24.7%	11.3%	12.6%
Operating margin	6.5%	18.9%	6.5%	5.2%	3.6%	4.1%	2.7%	3.3%
Net margin	3.7%	2.5%	3.8%	3.1%	2.4%	0.6%	0.1%	0.2%
Current ratio	1.68×	1.77×	1.68×	2.39×	2.37×	3.96×	2.17×	2.05×
Debt / equity	0.58×	0.66×	0.68×	0.43×	0.43×	0.24×	0.44×	0.5×
Interest coverage	5.09×	9.82×	4.27×	5.13×	6.96×	3.51×	1.1×	1.11×
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	16.3%	9.3%	12.3%	11.3%	7.6%	1.7%	0.2%	0.4%
Return on invested capital	11.9%	28.1%	8.1%	9.2%	5.7%	1.8%	3.2%	2.7%
Return on assets	7.7%	4.7%	6.0%	6.9%	4.5%	1.2%	0.1%	0.3%
Free cash flow yield	-0.8%	-5.0%	-18.1%	-9.7%	-2.7%	6.4%	1.1%	-3.5%
Earnings yield	4.9%	3.5%	4.6%	4.6%	2.6%	0.5%	0.1%	0.1%
Enterprise value	₹1.4B	₹1B	₹921.2M	₹643.5M	₹595.8M	₹581.1M	₹634.7M	₹645.4M
Net debt / EBITDA	1.8×	2.74×	2.81×	1.83×	1.5×	0.93×	5.38×	5.89×
Cash conversion cycle (days)	86	97	103	111	111	113	157	202