Tara Chand Infra Soln Ltd (TARACHAND.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

-423.9%

-₹150.02

vs ₹46.31 price

Levered DCF

-₹43.11

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

1.36

Distress zone

Rating

B-

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	16.09×	19.97×	17.6×	12.41×	28.57×	17.39×	5.92×	2.1×
P/B	2.99×	4.09×	2.82×	1.61×	1.19×	0.82×	0.18×	0.22×
P/S	1.56×	2×	1.56×	0.82×	0.53×	0.41×	0.08×	0.1×
EV / EBITDA	5.22×	7×	6.05×	4.97×	5.17×	4.26×	2.5×	2.63×
Gross margin	97.1%	94.8%	85.5%	44.4%	91.2%	88.9%	87.6%	85.1%
Operating margin	15.5%	13.8%	70.0%	11.4%	5.8%	62.6%	15.2%	9.4%
Net margin	9.7%	10.0%	9.4%	6.6%	1.9%	2.3%	7.1%	4.8%
Current ratio	1.72×	1.54×	1.23×	1.4×	1.36×	1.55×	1.58×	1.39×
Debt / equity	0.93×	0.92×	0.9×	1.21×	1.64×	1.92×	1.64×	1.12×
Interest coverage	4.28×	4.73×	16.56×	2.08×	0.82×	7.9×	2.18×	2.04×
Dividend yield	0.0%	0.3%	0.0%	0.0%	0.0%	0.0%	10.8%	0.0%
Payout ratio	0.0%	6.3%	0.0%	0.0%	0.0%	0.0%	12.8%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.6%	20.5%	17.0%	13.0%	4.1%	4.7%	15.2%	10.4%
Return on invested capital	6.7%	6.9%	36.7%	5.6%	2.9%	28.0%	21.9%	5.4%
Return on assets	5.4%	6.4%	6.3%	4.1%	1.2%	1.2%	4.1%	3.5%
Free cash flow yield	-3.0%	-3.4%	-5.2%	6.2%	15.9%	-45.0%	-287.2%	-98.3%
Earnings yield	6.2%	5.0%	6.0%	8.1%	3.5%	5.7%	84.3%	47.6%
Enterprise value	₹5.6B	₹5.9B	₹3.5B	₹1.9B	₹1.6B	₹1.5B	₹860.7M	₹558.8M
Net debt / EBITDA	1.05×	1.1×	1.46×	1.96×	2.93×	2.96×	2.23×	2.16×
Cash conversion cycle (days)	-245	-41	100	76	136	164	112	136