Relicab Cable Manufacturing Limited (RELICAB.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

-165.3%

-₹22.51

vs ₹34.50 price

Levered DCF

₹54.48

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 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	19.12×	30.49×	58.54×	55.05×	117.55×	-19.34×	-9.94×	21.62×
P/B	2.35×	3.84×	7.6×	7.29×	2.78×	2.26×	2.45×	2.2×
P/S	0.56×	1.31×	2.39×	2.32×	0.79×	1.43×	1.73×	1.05×
EV / EBITDA	9.65×	12.33×	28.31×	27.08×	21.07×	74.76×	-49.05×	11.14×
Gross margin	16.9%	23.0%	18.8%	17.2%	12.6%	15.1%	1.6%	27.0%
Operating margin	6.0%	10.0%	11.5%	8.9%	5.3%	3.3%	-18.6%	12.0%
Net margin	3.0%	4.3%	4.1%	4.2%	0.7%	-7.4%	-17.4%	4.9%
Current ratio	2×	1.86×	1.87×	1.76×	1.77×	1.58×	1.34×	1.68×
Debt / equity	0.96×	0.78×	0.92×	0.97×	1.26×	1.08×	1.04×	0.9×
Interest coverage	1.44×	1.65×	1.58×	1.41×	1.41×	0.36×	-1.68×	2.26×
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	12.3%	12.6%	13.0%	13.2%	2.3%	-11.7%	-24.6%	10.2%
Return on invested capital	11.1%	11.8%	16.6%	14.1%	4.7%	2.5%	-12.2%	8.9%
Return on assets	3.7%	4.6%	4.5%	4.1%	0.7%	-3.7%	-8.5%	4.2%
Free cash flow yield	-5.5%	5.0%	1.6%	4.6%	-1.8%	4.8%	12.3%	-14.5%
Earnings yield	5.2%	3.3%	1.7%	1.8%	0.8%	-5.2%	-10.1%	4.6%
Enterprise value	₹506.6M	₹617.4M	₹1B	₹896.6M	₹381.2M	₹305.8M	₹297.4M	₹333.1M
Net debt / EBITDA	2.74×	1.94×	3.04×	3.03×	6.49×	23.7×	-14.08×	3.19×
Cash conversion cycle (days)	112	189	152	136	139	305	294	311