Trescon Limited (TRESCON.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

+1340.2%

₹97.22

vs ₹6.75 price

Levered DCF

-₹33.52

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.46

Distress zone

Rating

D+

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	-56.79×	-28.49×	76.4×	44.18×	98.17×	63.11×	33.34×	370.44×
P/B	0.41×	0.65×	1×	1.17×	1.19×	1.16×	1.11×	0.26×
P/S	1.3×	7.91×	0×	0×	103.94×	33.38×	25,633.89×	0.96×
EV / EBITDA	27.6×	-46.05×	33.16×	115.78×	75.82×	30.6×	22.95×	23.93×
Gross margin	13.6%	23.6%	0.0%	0.0%	-34.3%	-6.9%	-22340.4%	6.7%
Operating margin	-1.3%	-65.5%	0.0%	0.0%	-65.7%	-24.3%	-57816.7%	-2.7%
Net margin	-2.3%	-28.2%	0.0%	0.0%	105.9%	53.7%	77419.8%	0.3%
Current ratio	3.91×	2.78×	53.68×	65.4×	75.92×	14.09×	4.61×	4.35×
Debt / equity	0.35×	0.27×	0.02×	0.01×	0.01×	0.01×	0.06×	0.08×
Interest coverage	-0.43×	-32.23×	-52.91×	-2,183.71×	-99.57×	-2.97×	-4.95×	-1.31×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.3%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	16.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.7%	-2.3%	1.3%	2.6%	1.2%	1.9%	3.4%	0.1%
Return on invested capital	0.3%	-3.4%	-1.2%	-0.7%	-0.6%	-0.5%	-2.0%	-0.1%
Return on assets	-0.4%	-1.4%	1.3%	2.6%	1.2%	1.8%	3.1%	0.1%
Free cash flow yield	-13.5%	-128.1%	-0.0%	-1.1%	-18.6%	-3.4%	1.1%	-11.0%
Earnings yield	-1.8%	-3.6%	1.3%	2.3%	1.0%	1.6%	3.0%	0.3%
Enterprise value	₹1B	₹1B	₹1.1B	₹1.3B	₹1.2B	₹1.2B	₹1.1B	₹196M
Net debt / EBITDA	12.7×	-12.83×	0.47×	0.51×	-0.68×	-0.38×	0.4×	-4.11×
Cash conversion cycle (days)	1,417	4,582	34,755	-11,181	4,955	1,677	2,612,937	366