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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
-233.8%
-₹43.70
vs ₹32.66 price
Levered DCF
-₹43.51
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
-12.54
Distress zone
Rating
D+
Overall 1 / 5
Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E97.84×-2.73×2.12×-20.59×-13×18.35×3.52×-3.74×
P/B-0.79×-0.74×-0.69×-0.52×-0.4×-0.29×-0.19×-0.36×
P/S0×0×1.64×0×0×4.12×3.31×6.35×
EV / EBITDA207.72×448.67×6.21×-37.63×-59.58×100.15×-243.52×-18.06×
Gross margin0.0%0.0%85.0%0.0%0.0%48.7%100.0%100.0%
Operating margin0.0%0.0%83.6%0.0%0.0%39.2%-14.8%69.1%
Net margin0.0%0.0%77.2%0.0%0.0%22.5%93.8%-169.8%
Current ratio2.23×2.71×2.28×0.48×0.29×0.03×0.05×0.08×
Debt / equity-1.1×-1.15×-1.65×-1.34×-1.43×-1.41×-1.45×-1.31×
Interest coverage0×0×0×0×0×0×0×0×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-0.8%27.3%-32.5%2.5%3.1%-1.6%-5.5%9.5%
Return on invested capital-3.4%190.1%48.6%-14.8%-7.3%6.3%11.8%12.5%
Return on assets7.3%-149.7%42.6%-5.8%-5.0%2.5%8.4%-15.2%
Free cash flow yield8.1%-4.1%32.9%9.2%-11.9%20.3%-36.7%-61.4%
Earnings yield1.0%-36.7%47.1%-4.9%-7.7%5.5%28.3%-26.8%
Enterprise value₹232.8M₹236M₹202M₹223.1M₹213M₹193.3M₹189.5M₹202M
Net debt / EBITDA120.8×272.48×4.29×-27.02×-46.42×83.08×-214.69×-14.2×
Cash conversion cycle (days)00-14000730268