RO Jewels Limited (ROJL.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

+152.3%

₹3.46

vs ₹1.37 price

Levered DCF

-₹5.56

After debt service

Piotroski score

1 / 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	2,000×	65.12×	20.56×	9.98×	114.99×	254.14×	-215.68×	250.94×
P/B	0.46×	0.84×	1.43×	1.67×	1.99×	2.03×	2.06×	2.11×
P/S	0.13×	0.24×	0.05×	0.04×	0.4×	0.46×	0.16×	0.88×
EV / EBITDA	158.89×	84.48×	205.12×	10.09×	88.66×	204.84×	-210.14×	156.59×
Gross margin	73.0%	0.5%	0.2%	0.5%	0.7%	1.0%	0.2%	0.9%
Operating margin	63.7%	0.0%	0.1%	0.5%	0.4%	0.2%	-0.1%	0.6%
Net margin	0.0%	0.4%	0.3%	0.4%	0.4%	0.2%	-0.1%	0.4%
Current ratio	2.19×	2.02×	2.38×	4.08×	8.22×	9.17×	4.45×	137.22×
Debt / equity	0.8×	0.85×	0.51×	0.15×	0.07×	0.06×	0.06×	0×
Interest coverage	100,053.67×	5.04×	2.93×	157.29×	15.65×	276.07×	0×	0×
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	0.0%	1.3%	7.1%	16.6%	1.7%	0.8%	-1.0%	0.8%
Return on invested capital	6.9%	0.0%	1.7%	13.7%	1.7%	0.8%	-0.8%	1.3%
Return on assets	0.0%	0.7%	4.4%	13.0%	1.5%	0.7%	-0.7%	0.8%
Free cash flow yield	-26.7%	-0.8%	5.4%	7.7%	-5.3%	-5.2%	-25.5%	-23.2%
Earnings yield	0.0%	1.5%	4.9%	10.0%	0.9%	0.4%	-0.5%	0.4%
Enterprise value	₹162.2M	₹221.2M	₹250.9M	₹206.5M	₹205.9M	₹188.1M	₹178.4M	₹37.4M
Net debt / EBITDA	99.6×	42×	52.5×	0.25×	1.98×	-14.5×	28.15×	-0.24×
Cash conversion cycle (days)	465	175	16	7	70	70	20	126