RIR Power Electronics Limited (RIR.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

-123.0%

-₹31.06

vs ₹135.15 price

Levered DCF

-₹57.40

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

8.52

Safe zone

Rating

C+

Overall 2 / 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	130.89×	232.2×	95.06×	34.55×	61.14×	25.65×	14.1×	10.53×
P/B	7.44×	16×	10.59×	6.25×	6.66×	1.57×	0.97×	1.35×
P/S	11.42×	21.28×	9.97×	3.6×	4.11×	1.16×	0.6×	0.63×
EV / EBITDA	75.65×	140.39×	57.32×	23.46×	37.63×	10.69×	7.37×	6.37×
Gross margin	21.9%	34.8%	36.2%	36.2%	33.2%	37.3%	14.7%	16.4%
Operating margin	9.8%	11.8%	13.2%	12.0%	9.0%	5.9%	6.0%	9.4%
Net margin	8.7%	8.8%	10.5%	10.4%	6.6%	4.4%	4.2%	6.0%
Current ratio	3.85×	2.45×	3.05×	2.16×	1.15×	3.68×	3.55×	2.74×
Debt / equity	0.1×	0.19×	0.54×	0.97×	1.12×	0.15×	0.27×	0.38×
Interest coverage	6.45×	5.43×	7.08×	6.59×	5.96×	3.03×	2.38×	4.05×
Dividend yield	0.1%	0.1%	0.2%	0.3%	0.0%	0.0%	4.2%	0.0%
Payout ratio	19.4%	19.3%	14.8%	11.7%	0.0%	0.0%	59.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.7%	6.7%	11.2%	18.1%	10.8%	6.0%	6.9%	12.9%
Return on invested capital	3.1%	5.5%	6.7%	7.9%	5.1%	4.7%	6.1%	9.8%
Return on assets	3.7%	5.0%	6.3%	7.7%	4.2%	4.0%	4.5%	7.2%
Free cash flow yield	-5.4%	-2.7%	-0.7%	-1.5%	-14.4%	7.8%	19.1%	12.9%
Earnings yield	0.8%	0.4%	1.1%	2.9%	1.6%	3.8%	7.1%	9.6%
Enterprise value	₹10.5B	₹18.6B	₹6.8B	₹2.4B	₹2B	₹380.2M	₹255.5M	₹347.1M
Net debt / EBITDA	0.95×	1.62×	1.05×	3.16×	5.41×	0.92×	1.59×	1.4×
Cash conversion cycle (days)	178	161	215	245	255	284	243	198