Rhetan TMT Limited (RHETAN.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

-95.0%

₹0.70

vs ₹14.08 price

Levered DCF

-₹0.96

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	134.61×	548.71×	438.07×	236.56×	724.15×
P/B	12.76×	18.05×	0×	0×	0×
P/S	56.72×	45.65×	26.19×	15.18×	25.31×
EV / EBITDA	94.27×	309.87×	0×	0×	0×
Gross margin	39.5%	14.9%	13.9%	11.5%	8.9%
Operating margin	24.8%	9.1%	9.8%	8.8%	6.2%
Net margin	42.1%	8.3%	6.0%	6.3%	3.5%
Current ratio	4.25×	4.44×	0×	0×	0×
Debt / equity	0.38×	0.24×	0×	0×	0×
Interest coverage	4.28×	2.19×	4.37×	6.01×	3.44×
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	9.5%	3.3%	0.0%	0.0%	0.0%
Return on invested capital	3.1%	2.6%	0.0%	0.0%	0.0%
Return on assets	6.2%	2.5%	0.0%	0.0%	0.0%
Free cash flow yield	-1.1%	0.2%	0.0%	0.0%	0.0%
Earnings yield	0.7%	0.2%	0.2%	0.4%	0.1%
Enterprise value	₹14.3B	₹17.2B	₹0	₹0	₹0
Net debt / EBITDA	2.74×	4.04×	0×	0×	0×
Cash conversion cycle (days)	1,466	631	0	0	0