R.P.P. Infra Projects Limited (RPPINFRA.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

-40.7%

₹25.76

vs ₹43.43 price

Levered DCF

-₹8.89

After debt service

Piotroski score

4 / 9

Average

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	37.14×	9.9×	7.35×	4.45×	24.5×	8×	3.84×	11.05×
P/B	0.52×	1.35×	0.99×	0.35×	0.39×	0.34×	0.27×	1.07×
P/S	0.18×	0.5×	0.31×	0.12×	0.16×	0.19×	0.12×	0.45×
EV / EBITDA	9.92×	6.89×	3.94×	2.66×	5.52×	3.88×	2.63×	5.83×
Gross margin	5.1%	11.4%	10.3%	13.1%	10.1%	13.3%	16.0%	16.9%
Operating margin	0.5%	5.7%	3.6%	3.1%	1.9%	6.0%	9.3%	10.5%
Net margin	0.5%	4.5%	4.2%	2.8%	0.7%	3.0%	3.0%	4.0%
Current ratio	1.56×	1.67×	1.75×	1.65×	1.61×	1.65×	1.82×	1.79×
Debt / equity	0.2×	0.08×	0.1×	0.22×	0.28×	0.39×	0.37×	0.54×
Interest coverage	0.42×	7.08×	3.97×	2.38×	1.06×	1.61×	2.46×	2.49×
Dividend yield	0.9%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.5%
Payout ratio	33.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	5.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.4%	12.3%	13.4%	7.9%	1.6%	5.4%	6.9%	9.7%
Return on invested capital	0.7%	10.8%	7.0%	4.9%	1.6%	6.9%	8.5%	9.7%
Return on assets	0.7%	6.8%	6.8%	3.7%	0.7%	2.4%	3.1%	3.9%
Free cash flow yield	-0.7%	-8.8%	7.7%	11.4%	8.4%	40.3%	81.4%	-24.4%
Earnings yield	2.7%	9.1%	13.6%	22.5%	4.1%	15.9%	26.0%	9.1%
Enterprise value	₹3.5B	₹7.4B	₹4.2B	₹1.7B	₹1.8B	₹1.8B	₹1.5B	₹3.8B
Net debt / EBITDA	2.11×	0.21×	0.01×	0.65×	1.57×	1.81×	1.44×	1.88×
Cash conversion cycle (days)	20	26	92	98	156	240	226	242