Rishi Laser Limited (RISHILASE.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

+41.0%

₹197.47

vs ₹140.00 price

Levered DCF

-₹25.58

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

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	21.61×	15.13×	9.76×	4.4×	48×	-4.43×	-2.03×	5.42×
P/B	1.06×	1.75×	1.58×	0.48×	0.39×	0.3×	0.14×	0.51×
P/S	0.49×	0.83×	0.61×	0.16×	0.13×	0.13×	0.05×	0.13×
EV / EBITDA	8.22×	10.77×	7.3×	3.32×	4.49×	5.45×	4.44×	4.19×
Gross margin	25.7%	46.7%	10.1%	7.1%	5.5%	1.3%	-0.6%	7.2%
Operating margin	5.2%	29.0%	6.7%	4.4%	1.8%	-2.7%	-7.2%	2.2%
Net margin	2.3%	5.5%	6.2%	3.7%	0.3%	-3.0%	-2.5%	2.5%
Current ratio	1.13×	1.31×	1.17×	0.78×	0.86×	0.82×	0.76×	0.85×
Debt / equity	0.48×	0.27×	0.22×	0.21×	0.41×	0.5×	0.5×	0.53×
Interest coverage	2×	17.12×	4.12×	1.89×	0.6×	-0.85×	-2.2×	0.79×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	11.6%	16.2%	11.0%	0.8%	-6.9%	-6.9%	9.4%
Return on invested capital	5.4%	46.3%	13.7%	10.4%	2.6%	-3.9%	-10.9%	5.2%
Return on assets	2.5%	6.9%	9.0%	5.8%	0.3%	-2.6%	-2.6%	3.3%
Free cash flow yield	-8.8%	-4.4%	5.8%	14.6%	27.6%	23.5%	93.9%	21.7%
Earnings yield	4.6%	6.6%	10.2%	22.7%	2.1%	-22.6%	-49.3%	18.4%
Enterprise value	₹1.1B	₹1.4B	₹919.8M	₹291.1M	₹311.4M	₹221.8M	₹198.7M	₹382.9M
Net debt / EBITDA	2.37×	1.22×	0.54×	0.86×	2.26×	3.05×	3.39×	2.12×
Cash conversion cycle (days)	17	-3	1	-1	-8	-6	-7	16