Ruchi Infrastructure Limited (RUCHINFRA.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

+383.2%

₹23.72

vs ₹4.91 price

Levered DCF

₹19.62

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	12.91×	102.67×	25.5×	-81.63×	5.7×	-13.93×	-3.91×	-3.11×
P/B	0.62×	0.87×	1.44×	0.96×	1.25×	1.03×	0.3×	0.46×
P/S	2.11×	2.96×	4.32×	2.56×	2.83×	1.93×	0.44×	0.82×
EV / EBITDA	6.05×	9.66×	10.37×	10.1×	4.04×	8.22×	4.59×	11.79×
Gross margin	100.0%	47.2%	77.4%	88.3%	84.2%	24.0%	68.8%	75.1%
Operating margin	9.0%	4.9%	53.5%	14.8%	82.6%	9.0%	1.3%	-7.6%
Net margin	16.3%	2.9%	22.0%	2.0%	54.6%	-8.5%	-7.3%	-21.1%
Current ratio	1×	0.5×	1.39×	1.07×	1.15×	0.76×	0.78×	0.97×
Debt / equity	0.41×	0.48×	0.54×	0.73×	0.95×	0.91×	0.95×	1.6×
Interest coverage	1.47×	0.61×	5.79×	1.06×	5.02×	0.44×	0.07×	-0.29×
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	4.8%	0.8%	7.3%	0.7%	24.1%	-4.5%	-5.1%	-11.9%
Return on invested capital	1.7%	0.4%	10.8%	1.4%	13.3%	2.0%	0.4%	-1.4%
Return on assets	3.1%	0.5%	4.4%	0.4%	11.6%	-1.5%	-1.6%	-3.6%
Free cash flow yield	15.1%	2.2%	-1.3%	9.1%	20.2%	14.7%	107.0%	24.8%
Earnings yield	7.7%	1.0%	5.1%	0.8%	19.3%	-4.4%	-16.8%	-25.7%
Enterprise value	₹1.9B	₹2.5B	₹3.7B	₹2.8B	₹3.2B	₹2.2B	₹1.5B	₹2.7B
Net debt / EBITDA	2×	2.98×	2.57×	4.09×	1.6×	3.73×	3.44×	9.1×
Cash conversion cycle (days)	36	58	101	114	92	-403	-813	-978