RDB Infrastructure and Power Limited (RDBIPL.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

-486.5%

-₹58.94

vs ₹15.25 price

Levered DCF

-₹286.56

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	54.75×	186.03×	73.19×	23.44×	11.47×	7.39×	5.73×	16.42×
P/B	2.57×	7.12×	5.41×	0.38×	0.39×	0.2×	0.23×	0.39×
P/S	5.36×	9.6×	3.01×	0.89×	0.85×	0.51×	0.79×	1.87×
EV / EBITDA	206.81×	94.26×	79.54×	16.9×	56.69×	130.84×	80.72×	35.9×
Gross margin	5.4%	9.4%	7.8%	5.7%	19.6%	19.9%	48.7%	10.8%
Operating margin	2.8%	5.5%	4.6%	4.7%	4.6%	15.5%	6.7%	22.1%
Net margin	9.8%	5.2%	4.0%	21.7%	7.3%	7.0%	14.4%	11.0%
Current ratio	4.72×	1.76×	1.17×	10.13×	1.34×	1.34×	1.53×	1.61×
Debt / equity	0.21×	0.53×	2.67×	2.94×	3.05×	2.02×	1.75×	2.07×
Interest coverage	2.23×	1.41×	21.61×	44.88×	1.86×	13.33×	1.88×	1.67×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.7%	3.8%	7.2%	9.4%	3.3%	2.7%	4.2%	2.3%
Return on invested capital	0.8%	1.9%	1.7%	0.3%	0.3%	1.2%	0.5%	1.0%
Return on assets	3.4%	2.0%	1.5%	1.6%	0.6%	0.6%	0.9%	0.5%
Free cash flow yield	-12.9%	-8.0%	-18.1%	-54.9%	-261.1%	-160.8%	60.3%	-369.2%
Earnings yield	1.8%	0.5%	1.3%	24.3%	8.6%	13.6%	18.2%	5.9%
Enterprise value	₹7.3B	₹11B	₹3B	₹5.6B	₹5.2B	₹3.2B	₹2.8B	₹3.3B
Net debt / EBITDA	13.52×	6.47×	25.72×	14.94×	50.23×	118.98×	71.28×	30.04×
Cash conversion cycle (days)	889	609	704	3,143	5,291	5,126	9,881	7,959