Trident Lifeline Limited (TLL.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

-1108.0%

-₹4,173.05

vs ₹414.00 price

Levered DCF

-₹8,800.84

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.74

Safe zone

Rating

Overall 3 / 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
P/E	16.44×	26.13×	28.8×	31.93×	58×	361.73×	-288.33×
P/B	3.12×	4.76×	3.46×	4.21×	47.9×	-486.03×	-76.18×
P/S	2.43×	3.53×	4.1×	6.06×	10.51×	23.78×	46.36×
EV / EBITDA	10.22×	15.52×	18.95×	25.1×	69.77×	165.41×	-1,188.65×
Gross margin	27.7%	21.6%	28.1%	28.8%	16.5%	20.7%	8.9%
Operating margin	17.1%	11.8%	18.1%	19.5%	11.9%	11.5%	-7.8%
Net margin	14.8%	13.5%	14.2%	19.0%	18.1%	6.6%	-16.1%
Current ratio	1.59×	1.69×	2.46×	4.03×	1.41×	1.06×	0.99×
Debt / equity	0.73×	0.84×	0.35×	0.17×	0.51×	-9.61×	-2.15×
Interest coverage	5.35×	2.57×	13.35×	13.28×	20.53×	2.69×	-0.51×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.0%	18.2%	12.0%	13.2%	82.7%	-134.3%	26.5%
Return on invested capital	8.6%	6.4%	7.6%	10.3%	35.4%	20.0%	-8.1%
Return on assets	8.0%	7.5%	7.3%	9.6%	28.5%	5.5%	-12.5%
Free cash flow yield	-10.6%	-7.4%	-8.1%	-13.3%	-0.3%	0.2%	-0.6%
Earnings yield	6.1%	3.8%	3.5%	3.1%	1.7%	0.3%	-0.3%
Enterprise value	₹3.8B	₹3.6B	₹1.9B	₹1.9B	₹2.3B	₹2.3B	₹2.4B
Net debt / EBITDA	1.84×	2.23×	1.14×	-0.82×	0.69×	3.14×	-32.04×
Cash conversion cycle (days)	201	188	168	178	62	87	26