TCC Concept Ltd. (TCC.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

+764.2%

₹333.74

vs ₹38.62 price

Levered DCF

-₹629.13

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

1.67

Distress zone

Rating

C-

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	19.28×	34.05×	27.46×	14.03×	-1,590,500×	56,803.57×	95.24×	100.03×
P/B	0.74×	2.34×	2.92×	90.22×	133×	132.99×	6.67×	7.17×
P/S	5.89×	20.11×	7.22×	190.86×	0×	0×	88.12×	3.14×
EV / EBITDA	13.9×	25.6×	16.85×	209.24×	-1,862.02×	-2,109.61×	477.17×	-122.13×
Gross margin	27.8%	90.1%	68.3%	95.2%	0.0%	0.0%	58.7%	-1.3%
Operating margin	26.4%	60.6%	35.1%	87.5%	0.0%	0.0%	18.3%	-2.6%
Net margin	30.5%	50.6%	26.3%	68.0%	0.0%	0.0%	92.3%	3.1%
Current ratio	5.77×	3.64×	2.2×	6.45×	4×	14.34×	8.94×	1.05×
Debt / equity	0.18×	0.06×	0.17×	0.01×	0×	0×	0×	0×
Interest coverage	0×	27.75×	46.44×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.1%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	2.4%	3.6%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	3.8%	5.9%	10.6%	32.2%	-0.0%	0.2%	7.0%	7.2%
Return on invested capital	2.6%	5.1%	10.4%	18.6%	-2.0%	-4.6%	1.2%	-5.9%
Return on assets	3.0%	5.4%	9.0%	27.2%	-0.0%	0.2%	6.9%	5.7%
Free cash flow yield	-3.3%	-6.5%	-5.8%	-0.7%	-0.0%	0.0%	-0.1%	-0.1%
Earnings yield	5.2%	2.5%	3.6%	0.4%	-0.0%	0.0%	1.0%	1.0%
Enterprise value	₹14.3B	₹17.1B	₹5.8B	₹2.3B	₹2.3B	₹2.3B	₹114.5M	₹114.4M
Net debt / EBITDA	2.06×	0.47×	0.57×	0.02×	0.03×	0.35×	-0.15×	0.11×
Cash conversion cycle (days)	-55	-225	-36	391	0	0	413	40