Rishi Techtex Limited (RISHITECH.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

-300.1%

-₹79.26

vs ₹39.60 price

Levered DCF

-₹36.39

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	9.53×	15.21×	26.81×	27.81×	23.59×	73.67×	31.1×	10.63×
P/B	0.65×	1.04×	1.13×	1.02×	1.06×	1.11×	1.18×	1.23×
P/S	0.16×	0.28×	0.32×	0.29×	0.31×	0.38×	0.41×	0.37×
EV / EBITDA	5.45×	13.09×	8.18×	8.91×	8.22×	10.7×	8.04×	6.05×
Gross margin	14.7%	9.3%	8.2%	22.6%	23.3%	25.1%	28.9%	28.3%
Operating margin	4.2%	4.5%	4.2%	3.3%	4.2%	3.7%	5.6%	7.4%
Net margin	1.7%	1.8%	1.2%	1.0%	1.3%	0.5%	1.3%	3.5%
Current ratio	1.36×	1.41×	1.39×	1.36×	1.53×	1.51×	1.35×	1.37×
Debt / equity	0.86×	0.7×	0.79×	0.84×	0.79×	0.79×	0.78×	0.74×
Interest coverage	2.45×	2.17×	1.78×	1.31×	1.8×	1.18×	1.73×	2.71×
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	6.8%	6.7%	4.2%	3.6%	4.5%	1.5%	3.8%	11.6%
Return on invested capital	5.0%	6.3%	4.6%	5.2%	4.7%	3.9%	3.9%	9.6%
Return on assets	2.7%	3.1%	1.9%	1.5%	2.0%	0.7%	1.7%	5.2%
Free cash flow yield	-34.0%	2.3%	3.2%	14.1%	0.9%	-2.7%	-0.5%	15.1%
Earnings yield	10.5%	6.5%	3.7%	3.6%	4.2%	1.3%	3.2%	9.4%
Enterprise value	₹541.8M	₹592.7M	₹611.1M	₹566.9M	₹540.3M	₹531.1M	₹512.4M	₹483.6M
Net debt / EBITDA	3.06×	5.28×	3.35×	4.03×	3.5×	4.45×	3.17×	2.17×
Cash conversion cycle (days)	107	117	113	123	125	168	163	135