RTS Power Corporation Ltd (RTSPOWR.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

-233.2%

-₹136.09

vs ₹102.19 price

Levered DCF

-₹13.06

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	33.35×	41.07×	37.66×	12.28×	34.59×	18.29×	1.8×	5.66×
P/B	0.5×	0.99×	1.1×	0.8×	0.42×	0.34×	0.16×	0.28×
P/S	0.46×	0.72×	1.13×	0.77×	0.59×	0.55×	0.18×	0.13×
EV / EBITDA	10.19×	15.12×	14.75×	7.02×	7.37×	6.83×	3.7×	1.72×
Gross margin	16.4%	12.9%	16.9%	27.6%	20.7%	27.3%	15.6%	20.5%
Operating margin	2.3%	2.0%	3.1%	8.7%	-1.0%	0.8%	5.1%	13.1%
Net margin	1.4%	1.7%	3.0%	6.3%	1.7%	3.0%	10.0%	2.3%
Current ratio	2.53×	2.5×	2.2×	2.86×	3.4×	3.36×	2.66×	1.65×
Debt / equity	0.21×	0.16×	0.24×	0.2×	0.19×	0.16×	0.08×	0.28×
Interest coverage	1.12×	0.94×	1.09×	4.69×	-0.3×	0.25×	1.98×	3.79×
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	1.5%	2.4%	2.9%	6.5%	1.2%	1.8%	8.9%	4.9%
Return on invested capital	1.3%	2.2%	1.6%	4.6%	-0.3%	0.2%	3.7%	12.8%
Return on assets	1.0%	1.6%	1.9%	4.5%	0.9%	1.3%	6.4%	2.5%
Free cash flow yield	1.6%	9.3%	-2.6%	-1.8%	-2.5%	-16.5%	118.8%	56.8%
Earnings yield	3.0%	2.4%	2.7%	8.1%	2.9%	5.5%	55.5%	17.6%
Enterprise value	₹1B	₹1.7B	₹1.9B	₹1.4B	₹742.6M	₹612.9M	₹292.7M	₹585.6M
Net debt / EBITDA	2.85×	2.1×	2.58×	1.36×	1.96×	2.07×	1.16×	0.8×
Cash conversion cycle (days)	175	134	210	185	243	248	146	96