RSD Finance Limited (RSDFIN.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

-31.0%

₹61.54

vs ₹89.25 price

Levered DCF

-₹8.90

After debt service

Piotroski score

4 / 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	FY2019
P/E	6.72×	11.74×	8.99×	9.71×	8.81×	6.3×	3.56×	2.55×
P/B	0.39×	0.76×	0.63×	0.59×	0.8×	0.29×	0.18×	0.19×
P/S	1.92×	1.23×	1.21×	1.15×	1.49×	0.86×	0.38×	0.46×
EV / EBITDA	3.78×	4.91×	4.29×	4.31×	4.71×	3.98×	2.32×	1.78×
Gross margin	74.6%	51.0%	53.1%	49.5%	51.8%	46.3%	46.6%	52.0%
Operating margin	46.7%	23.5%	20.8%	18.8%	26.9%	20.6%	16.7%	15.1%
Net margin	28.6%	10.1%	13.5%	11.8%	16.9%	13.7%	10.7%	18.2%
Current ratio	3.34×	4.18×	6.31×	2.82×	3.52×	2.57×	1.47×	1.68×
Debt / equity	0.01×	0.1×	0.13×	0.19×	0.19×	0.13×	0.14×	0.12×
Interest coverage	274.95×	7.79×	7.67×	5.68×	11.61×	5.92×	7.05×	4.81×
Dividend yield	0.6%	0.3%	0.4%	0.5%	0.0%	0.0%	0.0%	0.0%
Payout ratio	4.2%	4.1%	3.9%	4.9%	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	5.9%	6.2%	7.0%	6.1%	9.1%	4.5%	5.1%	7.3%
Return on invested capital	5.9%	7.6%	6.4%	5.6%	7.8%	4.3%	4.9%	3.7%
Return on assets	4.8%	4.5%	5.1%	4.2%	6.4%	3.3%	3.7%	5.4%
Free cash flow yield	0.0%	0.0%	17.8%	-21.1%	-2.5%	23.5%	4.2%	12.9%
Earnings yield	14.9%	8.2%	11.1%	10.3%	11.4%	15.9%	28.1%	39.2%
Enterprise value	₹858.1M	₹1.8B	₹1.5B	₹1.4B	₹1.7B	₹648.2M	₹466.1M	₹409.3M
Net debt / EBITDA	-0.02×	0.55×	0.71×	0.96×	0.89×	1.24×	1×	0.65×
Cash conversion cycle (days)	141	121	122	45	30	4	3	-1