Starteck Finance Limited (STARTECK.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

+210.8%

₹761.35

vs ₹245.00 price

Levered DCF

₹1,542.24

After debt service

Piotroski score

4 / 9

Average

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	9.06×	26.6×	16.19×	4.99×	15.88×	4.3×	44.71×	510×
P/B	0.81×	1.18×	1.26×	0.61×	1×	1.1×	1.54×	1.55×
P/S	4.03×	8.45×	6.97×	3.86×	5.59×	2.14×	5.75×	10.66×
EV / EBITDA	20.55×	41.36×	20.45×	10.42×	16.9×	18.88×	39.12×	64.38×
Gross margin	56.5%	39.8%	75.9%	74.3%	58.0%	58.6%	76.1%	54.1%
Operating margin	50.7%	39.6%	58.4%	54.0%	51.1%	55.5%	73.9%	23.6%
Net margin	44.4%	31.8%	43.1%	77.3%	35.2%	49.7%	12.9%	9.8%
Current ratio	6.09×	1.54×	1.73×	2.22×	3.56×	9.76×	2.18×	1.95×
Debt / equity	1.33×	0.97×	0.98×	1.01×	0.57×	4.37×	0.84×	0.88×
Interest coverage	0×	0×	7.07×	5.62×	5.4×	0×	8.79×	1.95×
Dividend yield	0.0%	0.0%	0.0%	0.1%	0.0%	0.1%	0.0%	0.0%
Payout ratio	0.3%	0.6%	0.4%	0.3%	0.7%	0.2%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.0%	4.4%	7.8%	12.2%	6.3%	25.7%	3.5%	1.4%
Return on invested capital	2.3%	2.4%	4.5%	3.8%	4.9%	5.1%	10.3%	1.4%
Return on assets	3.5%	2.0%	3.6%	5.7%	3.8%	4.6%	1.8%	0.7%
Free cash flow yield	0.0%	10.0%	13.9%	78.8%	-0.1%	-30.7%	10.1%	3.0%
Earnings yield	11.0%	3.8%	6.2%	20.1%	6.3%	23.3%	2.2%	0.9%
Enterprise value	₹5.6B	₹5B	₹4.6B	₹2.9B	₹2.5B	₹8B	₹2.5B	₹2.5B
Net debt / EBITDA	12.76×	18.6×	8.87×	6.5×	6.13×	15.05×	13.31×	23.15×
Cash conversion cycle (days)	1,599	2,037	1,480	2,111	2,161	3,191	1,163	2,735