Transindia Real Estate Limited (TREL.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

-87.8%

₹2.91

vs ₹23.86 price

Levered DCF

₹5.41

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

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
P/E	16.35×	16.56×	4.81×	32.28×	-90,375×
P/B	0.47×	0.7×	0.99×	0.92×	-88,818.93×
P/S	5.83×	10.66×	12.44×	6.52×	6.52×
EV / EBITDA	9.01×	18.62×	18.18×	12.22×	12.08×
Gross margin	60.4%	90.3%	46.6%	46.3%	62.2%
Operating margin	46.3%	33.6%	54.9%	42.9%	-0.0%
Net margin	35.7%	64.4%	258.6%	20.3%	-0.0%
Current ratio	0×	0×	11.04×	2.28×	0×
Debt / equity	0×	0×	0.05×	0.11×	0×
Interest coverage	32×	8.14×	6.5×	1.52×	0×
Dividend yield	0.0%	1.4%	0.0%	0.0%	0.0%
Payout ratio	0.0%	23.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022
Return on equity	2.9%	4.2%	20.6%	2.9%	100.0%
Return on invested capital	2.8%	1.5%	2.9%	4.2%	0.0%
Return on assets	2.7%	4.0%	18.6%	1.9%	0.0%
Free cash flow yield	-5.3%	-11.0%	6.2%	-2.5%	0.0%
Earnings yield	6.1%	6.0%	20.8%	3.1%	-0.0%
Enterprise value	₹6B	₹8.3B	₹12.5B	₹9.8B	₹8.9B
Net debt / EBITDA	-0.02×	-1×	0.71×	1.14×	0×
Cash conversion cycle (days)	8	-162	66	435	-0