Real Touch Finance Limited (RTFL.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

-7401.0%

-₹2,080.80

vs ₹28.50 price

Levered DCF

-₹13,610.83

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

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	14.02×	10.14×	23.62×	17.05×	23.55×	4.17×	21.33×	19.55×
P/B	1.39×	0.99×	1.49×	1.14×	0.93×	0.17×	0.73×	0.67×
P/S	1.8×	1.63×	3.33×	4.37×	14×	2.66×	13×	11.99×
EV / EBITDA	41.09×	36.47×	45.19×	34.12×	17.17×	3.07×	15.43×	13.36×
Gross margin	48.3%	32.1%	37.8%	51.0%	93.5%	91.9%	93.1%	93.8%
Operating margin	31.5%	19.0%	21.0%	39.9%	80.9%	85.6%	84.2%	84.0%
Net margin	12.8%	16.1%	14.1%	25.7%	59.7%	63.6%	60.6%	61.2%
Current ratio	0.06×	1.67×	8.22×	195.41×	4,576.71×	1,735.69×	1,068.56×	303.82×
Debt / equity	4.91×	3.5×	3.33×	2.21×	0.01×	0×	0×	0×
Interest coverage	0×	0×	17.93×	125.52×	54,678.93×	4,901.25×	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	9.9%	9.8%	6.3%	6.7%	4.0%	4.1%	3.4%	3.4%
Return on invested capital	2.8%	2.0%	1.4%	2.2%	4.0%	4.0%	3.4%	3.4%
Return on assets	1.6%	2.0%	1.4%	2.0%	3.9%	4.0%	3.4%	3.4%
Free cash flow yield	-0.8%	-56.3%	-80.4%	-197.1%	1.1%	-81.1%	-12.6%	-3.5%
Earnings yield	7.1%	9.9%	4.2%	5.9%	4.3%	23.9%	4.7%	5.1%
Enterprise value	₹3.3B	₹2.1B	₹2B	₹1.3B	₹338.2M	₹59.6M	₹243.5M	₹204.3M
Net debt / EBITDA	31.91×	28.34×	31.08×	22.47×	-0.13×	-0.04×	-0.01×	-0.91×
Cash conversion cycle (days)	-14	2,082	2,277	4,522	5,175	5,482	18	19