Rico Auto Industries Limited (RICOAUTO.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

-253.3%

-₹162.73

vs ₹106.13 price

Levered DCF

-₹48.13

After debt service

Piotroski score

5 / 9

Average

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	26.94×	39.54×	50.19×	18.58×	18.09×	-33.81×	16.18×	16.81×
P/B	1.75×	1.14×	2.67×	1.32×	0.68×	0.79×	0.43×	1.38×
P/S	0.55×	0.38×	0.89×	0.4×	0.23×	0.33×	0.2×	0.62×
EV / EBITDA	9.23×	7.58×	11.25×	6.91×	6.04×	10.1×	5.37×	7.84×
Gross margin	25.4%	9.7%	10.6%	29.3%	28.1%	30.3%	26.7%	26.6%
Operating margin	4.9%	3.9%	4.8%	4.9%	3.6%	0.7%	2.6%	6.3%
Net margin	2.0%	1.0%	1.8%	2.2%	1.3%	-1.0%	1.2%	3.7%
Current ratio	0.82×	0.87×	0.88×	0.93×	0.8×	0.98×	1.02×	1.07×
Debt / equity	0.93×	0.96×	0.96×	1.09×	0.97×	0.91×	0.69×	0.61×
Interest coverage	2.24×	1.55×	1.78×	2.11×	1.53×	0.25×	1.19×	3.21×
Dividend yield	0.5%	1.0%	0.5%	0.6%	0.6%	0.9%	2.7%	1.5%
Payout ratio	14.1%	37.9%	26.5%	10.6%	11.7%	-29.5%	44.1%	25.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.5%	2.9%	5.3%	7.4%	3.7%	-2.3%	2.7%	8.2%
Return on invested capital	5.8%	2.9%	4.8%	5.3%	3.6%	0.7%	2.9%	5.8%
Return on assets	2.4%	1.1%	2.0%	2.6%	1.3%	-0.9%	1.2%	3.8%
Free cash flow yield	-1.7%	-3.1%	4.0%	-4.4%	2.9%	-21.1%	-6.4%	-9.6%
Earnings yield	3.7%	2.6%	2.0%	5.6%	5.5%	-3.0%	6.2%	6.0%
Enterprise value	₹20.8B	₹15.2B	₹26B	₹16.5B	₹10.3B	₹10.2B	₹6.9B	₹12B
Net debt / EBITDA	3.18×	3.43×	2.94×	3.09×	3.54×	5.34×	3.27×	2.31×
Cash conversion cycle (days)	15	39	39	43	33	63	47	61