Macfos Limited (ROBU.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

-134.1%

-₹375.30

vs ₹1,100.00 price

Levered DCF

-₹1,914.53

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

10.55

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	33.28×	41.15×	37.31×	56.38×	70.82×	259.92×	1,244.87×
P/B	8.9×	10.5×	14.78×	25.33×	46.01×	132.77×	784.07×
P/S	2.76×	2.89×	3.23×	5.21×	7.53×	15.33×	25.85×
EV / EBITDA	22.68×	27.89×	24.57×	36.76×	46.92×	138.82×	309.57×
Gross margin	18.6%	18.7%	19.3%	20.8%	24.4%	22.5%	26.2%
Operating margin	11.2%	9.2%	11.9%	13.1%	15.2%	9.1%	5.8%
Net margin	8.3%	7.0%	8.7%	9.2%	10.6%	5.9%	2.1%
Current ratio	2.12×	2.34×	1.89×	2.12×	2.25×	1.42×	1.04×
Debt / equity	0.38×	0.28×	0.3×	0.39×	0.66×	1.13×	8.24×
Interest coverage	11.01×	10.53×	11.57×	10.41×	10.23×	4.66×	1.85×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	26.7%	25.5%	39.6%	44.9%	65.0%	51.0%	62.7%
Return on invested capital	19.4%	19.4%	30.4%	33.8%	41.4%	27.1%	14.9%
Return on assets	16.0%	16.6%	21.6%	22.5%	28.9%	16.8%	5.3%
Free cash flow yield	-1.5%	-4.0%	0.8%	-0.1%	-0.5%	-0.1%	-0.1%
Earnings yield	3.0%	2.4%	2.7%	1.8%	1.4%	0.4%	0.1%
Enterprise value	₹8.9B	₹7.6B	₹4.1B	₹4.2B	₹4.2B	₹4.2B	₹4.2B
Net debt / EBITDA	0.87×	0.72×	0.45×	0.46×	0.57×	1.16×	2.64×
Cash conversion cycle (days)	107	119	89	89	117	91	92