Ritesh International Ltd (RITESHIN.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

-276.9%

-₹146.85

vs ₹83.00 price

Levered DCF

-₹82.64

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

5.93

Safe zone

Rating

B+

Overall 3 / 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	13×	7.39×	-274.44×	22.43×	6.62×	11.59×	76.64×	443.57×
P/B	1.6×	1.08×	1.13×	1.22×	1.31×	1.63×	1.9×	1.94×
P/S	0.29×	0.19×	0.26×	0.21×	0.19×	0.36×	0.65×	0.59×
EV / EBITDA	8.22×	5.89×	22.16×	9.82×	5.29×	9.97×	26.78×	44.97×
Gross margin	17.6%	19.5%	7.4%	8.6%	9.3%	13.7%	14.1%	10.4%
Operating margin	3.8%	3.8%	0.7%	2.3%	4.0%	22.5%	1.2%	-2.0%
Net margin	2.2%	2.6%	-0.1%	0.9%	2.8%	3.1%	0.9%	0.1%
Current ratio	1.71×	1.83×	1.97×	2.39×	1.91×	1.94×	1.71×	1.89×
Debt / equity	0.3×	0.41×	0.3×	0.23×	0.38×	0.31×	0.13×	0.22×
Interest coverage	7.45×	6.69×	1.27×	5.65×	11.01×	57.88×	1.93×	-4.37×
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	12.3%	14.6%	-0.4%	5.4%	19.8%	14.0%	2.5%	0.4%
Return on invested capital	11.4%	11.7%	-3.3%	6.6%	16.2%	74.7%	3.1%	5.5%
Return on assets	7.7%	8.7%	-0.3%	4.0%	12.0%	9.4%	1.7%	0.3%
Free cash flow yield	1.8%	-21.8%	-9.5%	3.1%	4.9%	0.8%	-0.7%	-4.1%
Earnings yield	7.7%	13.5%	-0.4%	4.5%	15.1%	8.6%	1.3%	0.2%
Enterprise value	₹554.5M	₹333.2M	₹264.1M	₹263.4M	₹290.5M	₹274.2M	₹250.2M	₹261.2M
Net debt / EBITDA	1.13×	1.58×	3.82×	1.02×	0.99×	1.39×	1.52×	4.35×
Cash conversion cycle (days)	49	64	60	32	49	65	76	82