Thomas Scott (India) Limited (THOMASCOTT.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

-3674.5%

-₹10,323.13

vs ₹288.80 price

Levered DCF

-₹21,349.24

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	17.64×	26.51×	24.12×	8.15×	41.89×	-23.97×	-0.65×	-2.51×
P/B	2.48×	3.27×	4.77×	1.64×	2.57×	0.69×	0.3×	0.5×
P/S	1.34×	2.15×	2.65×	0.37×	0.82×	0.13×	0.06×	0.14×
EV / EBITDA	11.98×	17.91×	19.18×	8.96×	16.37×	7.63×	-9.17×	-15.4×
Gross margin	41.5%	30.3%	31.1%	41.8%	29.4%	16.9%	13.6%	10.9%
Operating margin	12.1%	10.7%	12.7%	6.5%	3.1%	2.4%	-5.1%	-2.7%
Net margin	7.6%	7.9%	11.0%	4.6%	1.9%	-0.5%	-8.9%	-5.6%
Current ratio	2.23×	3.89×	3.58×	1.67×	1.23×	1.07×	1.12×	1.28×
Debt / equity	0.34×	0.13×	0.12×	1.75×	0×	1.05×	1.54×	0.89×
Interest coverage	11.51×	8.52×	6.43×	3.96×	2.33×	0.75×	-1.4×	-1.03×
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	14.1%	12.1%	19.8%	20.1%	6.1%	-2.8%	-46.9%	-20.1%
Return on invested capital	11.9%	11.5%	20.3%	10.0%	8.7%	6.2%	-10.4%	-5.1%
Return on assets	8.1%	9.1%	14.5%	4.2%	1.4%	-0.3%	-7.6%	-5.4%
Free cash flow yield	-11.2%	-13.6%	-5.3%	-93.0%	7.2%	106.1%	-21.4%	-24.3%
Earnings yield	5.7%	3.7%	4.1%	12.3%	2.4%	-4.1%	-154.2%	-39.9%
Enterprise value	₹3.9B	₹3.6B	₹2.5B	₹419.2M	₹231.9M	₹68M	₹75.3M	₹83.3M
Net debt / EBITDA	1.44×	0.67×	0.44×	3.94×	-2.21×	4.53×	-7.64×	-9.76×
Cash conversion cycle (days)	224	270	204	-27	-55	-17	71	102