R K Swamy Limited (RKSWAMY.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

+112.3%

₹168.77

vs ₹79.48 price

Levered DCF

₹127.96

After debt service

Piotroski score

5 / 9

Average

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
P/E	15.76×	59.49×	31.03×	37.35×	60.65×	430.49×	1,544.71×
P/B	1.32×	4.45×	5.11×	29.31×	81.08×	363.36×	26.74×
P/S	1.02×	3.77×	3.72×	4.53×	5.65×	7.64×	16.81×
EV / EBITDA	5.87×	24.5×	16.21×	21.47×	38.37×	48.41×	261.21×
Gross margin	26.6%	23.3%	33.5%	26.6%	24.0%	78.4%	45.3%
Operating margin	7.3%	5.1%	32.4%	14.4%	8.9%	2.8%	35.5%
Net margin	6.5%	6.3%	12.0%	10.7%	8.2%	1.8%	1.1%
Current ratio	2.66×	2.53×	2.4×	1×	0.94×	1.15×	1.02×
Debt / equity	0.16×	0.13×	0.08×	0.76×	3.09×	20.48×	1.22×
Interest coverage	6.79×	7.14×	18.6×	6.8×	3.19×	0.49×	0×
Dividend yield	2.2%	0.9%	0.1%	0.2%	0.1%	0.0%	0.2%
Payout ratio	34.3%	54.1%	4.5%	6.5%	8.5%	15.2%	274.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	8.4%	7.5%	16.5%	69.1%	117.8%	84.3%	1.7%
Return on invested capital	6.0%	4.0%	28.7%	29.6%	23.8%	1.8%	14.7%
Return on assets	5.2%	4.6%	10.0%	10.0%	4.7%	0.8%	0.4%
Free cash flow yield	10.1%	-1.8%	0.8%	1.8%	4.6%	3.7%	-1.3%
Earnings yield	6.3%	1.7%	3.2%	2.4%	1.5%	0.2%	0.1%
Enterprise value	₹2.6B	₹10.1B	₹12B	₹13.5B	₹13.4B	₹13.7B	₹11.1B
Net debt / EBITDA	-2.14×	-2.32×	-0.39×	0.4×	0.36×	1.62×	9.41×
Cash conversion cycle (days)	11	29	9	-64	-11	-1,408	-405