Touchwood Entertainment Limited (TOUCHWOOD.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

+67.6%

₹91.95

vs ₹54.87 price

Levered DCF

-₹301.50

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	17.23×	17.12×	48.11×	65.56×	47×	119.22×	28.9×	8.52×
P/B	1.58×	2.22×	4.43×	6.34×	6.33×	8.62×	4.15×	2.11×
P/S	0.94×	1.29×	4.7×	4.4×	3.73×	11.59×	2.45×	0.78×
EV / EBITDA	8.66×	9.17×	27.1×	34.03×	25.38×	53.81×	16.36×	4.9×
Gross margin	100.0%	89.6%	100.0%	100.3%	100.0%	100.0%	100.0%	99.8%
Operating margin	7.2%	9.9%	11.4%	8.2%	10.3%	14.1%	10.8%	12.0%
Net margin	5.4%	7.5%	9.8%	6.7%	7.9%	9.7%	8.5%	9.2%
Current ratio	4.87×	6.02×	7.57×	4.31×	7.08×	3.93×	2.48×	1.74×
Debt / equity	0.08×	0.03×	0.05×	0.01×	0.03×	0.05×	0.03×	0.06×
Interest coverage	14.98×	37.66×	71.65×	53.94×	22.42×	29.95×	19.14×	32.91×
Dividend yield	0.0%	0.5%	0.2%	0.1%	0.1%	0.0%	2.4%	0.0%
Payout ratio	0.0%	8.5%	11.9%	6.2%	5.7%	0.0%	69.6%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.2%	13.0%	9.2%	9.7%	13.5%	7.3%	14.4%	24.8%
Return on invested capital	7.9%	11.7%	7.2%	7.6%	11.6%	6.6%	11.4%	20.1%
Return on assets	7.0%	10.5%	7.6%	7.3%	11.4%	5.5%	9.4%	13.8%
Free cash flow yield	-7.7%	-4.0%	-3.2%	1.3%	2.8%	-0.1%	3.1%	-1.8%
Earnings yield	5.8%	5.8%	2.1%	1.5%	2.1%	0.8%	3.5%	11.8%
Enterprise value	₹561.8M	₹728.6M	₹1.4B	₹1.4B	₹925.4M	₹1.1B	₹469.4M	₹220.1M
Net debt / EBITDA	-2.09×	-2×	-3.9×	-4.08×	-1.84×	-1.8×	-1.38×	-0.7×
Cash conversion cycle (days)	53	-34	69	15,451	-78,545	272,909	33	-34,121