Ravindra Energy Limited (RELTD.NS) 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

-393.4%

-₹407.94

vs ₹139.02 price

Levered DCF

-₹181.37

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	27×	98.07×	-24.54×	75.12×	33.61×
P/B	5.29×	6.27×	8.56×	6.03×	5.38×
P/S	4.01×	8.48×	9.66×	4.6×	1.43×
EV / EBITDA	20.17×	48.54×	-83.67×	27.58×	21.6×
Gross margin	35.7%	27.6%	43.8%	16.7%	2.5%
Operating margin	19.0%	13.3%	19.2%	3.2%	3.5%
Net margin	14.9%	8.7%	-39.4%	6.1%	4.3%
Current ratio	2.84×	2.54×	1.21×	1.71×	1.75×
Debt / equity	1.35×	0.66×	1.08×	0.62×	0.81×
Interest coverage	2.96×	3.65×	1.62×	0.62×	1.57×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	19.6%	6.4%	-34.9%	8.1%	16.0%
Return on invested capital	9.5%	4.6%	7.0%	1.7%	6.7%
Return on assets	6.8%	3.3%	-12.8%	3.4%	7.2%
Free cash flow yield	-14.3%	-5.0%	-1.2%	7.3%	-1.1%
Earnings yield	3.7%	1.0%	-4.1%	1.3%	3.0%
Enterprise value	₹26.4B	₹23.3B	₹14.2B	₹12.7B	₹12.5B
Net debt / EBITDA	3.53×	4.26×	-9.13×	2.34×	2.66×
Cash conversion cycle (days)	31	-15	1	146	70