Richfield Financial Services L (RFSL.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

-8476.4%

-₹1,337.71

vs ₹15.97 price

Levered DCF

-₹4,773.10

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	76.89×	209.89×	13.18×	436×	22.95×	6.1×	-9.74×	23.19×
P/B	1.94×	3.05×	1.99×	0.47×	0.41×	0.34×	0.37×	0.49×
P/S	2.25×	5.11×	8.76×	10.74×	7.32×	6.74×	7.77×	10×
EV / EBITDA	148.5×	-125.14×	18.54×	-47.77×	-29.9×	5.12×	-16.05×	5.77×
Gross margin	28.8%	73.1%	59.9%	100.0%	100.0%	22.1%	100.0%	100.0%
Operating margin	4.2%	-9.1%	64.2%	63.7%	60.6%	167.5%	31.2%	71.4%
Net margin	2.9%	2.5%	33.2%	2.5%	31.1%	110.0%	-79.8%	42.3%
Current ratio	250.27×	62.83×	1.83×	29.49×	13,275.5×	1,124.36×	0×	316.26×
Debt / equity	4.72×	3.07×	0.06×	0×	0×	0×	0×	0×
Interest coverage	0×	-0.48×	12,514×	2,222×	0×	0×	0×	0×
Dividend yield	0.0%	1.2%	0.0%	0.0%	0.1%	2.0%	3.3%	2.1%
Payout ratio	0.0%	239.2%	0.0%	0.0%	1.6%	12.1%	-32.5%	50.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.5%	1.5%	7.5%	0.1%	1.7%	5.5%	-3.8%	2.1%
Return on invested capital	0.5%	-1.2%	9.8%	2.8%	2.9%	7.1%	1.5%	2.8%
Return on assets	0.4%	0.4%	6.3%	0.1%	1.7%	5.5%	-3.8%	2.1%
Free cash flow yield	-175.8%	-82.5%	-32.0%	-56.6%	84.7%	-8.7%	-5.0%	-17.3%
Earnings yield	1.3%	0.5%	3.8%	0.2%	4.2%	16.3%	-10.3%	4.2%
Enterprise value	₹913.1M	₹496.8M	₹168.8M	-₹24.3M	-₹47.4M	₹26.3M	₹26.3M	₹37.2M
Net debt / EBITDA	103.83×	-60.43×	-0.21×	-121.44×	-50.29×	-0.06×	0.89×	-1.23×
Cash conversion cycle (days)	2,342	2,085	0	1,541	46	2,482	0	0