Trigyn Technologies Limited (TRIGYN.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

+301.8%

₹217.59

vs ₹54.16 price

Levered DCF

₹273.73

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	59.46×	19.11×	15.91×	8.16×	10.6×	3.07×	1.4×	4.58×
P/B	0.15×	0.3×	0.45×	0.42×	0.68×	0.34×	0.14×	0.51×
P/S	0.12×	0.25×	0.25×	0.22×	0.4×	0.19×	0.08×	0.25×
EV / EBITDA	-95.28×	-5.12×	-0.3×	2.25×	3.07×	0.05×	-0.59×	1.39×
Gross margin	49.5%	46.0%	35.8%	33.0%	30.2%	30.9%	32.7%	31.8%
Operating margin	0.1%	1.4%	2.3%	4.4%	5.7%	9.1%	8.5%	9.3%
Net margin	0.2%	1.3%	1.6%	2.7%	3.8%	6.3%	5.5%	5.4%
Current ratio	4.66×	4.82×	4.26×	3.36×	3.69×	4.02×	3.93×	3.85×
Debt / equity	0.01×	0.02×	0.01×	0.01×	0.01×	0.02×	0.02×	0.03×
Interest coverage	0.21×	4.57×	17.84×	25.01×	22.69×	34.97×	37.36×	87.64×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	3.3%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	1.2%	4.6%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.2%	1.6%	2.8%	5.1%	6.4%	11.1%	10.0%	11.2%
Return on invested capital	0.0%	0.7%	2.2%	4.8%	6.4%	11.0%	9.6%	11.5%
Return on assets	0.2%	1.3%	2.3%	4.1%	5.2%	9.1%	8.1%	9.0%
Free cash flow yield	3.4%	22.8%	39.4%	-20.4%	7.1%	40.4%	-21.2%	-8.1%
Earnings yield	1.7%	5.2%	6.3%	12.3%	9.4%	32.5%	71.4%	21.8%
Enterprise value	-₹3.5B	-₹1.8B	-₹140.8M	₹1.5B	₹2.1B	₹48.4M	-₹480.8M	₹1.1B
Net debt / EBITDA	-127.85×	-11.69×	-7.09×	-1.95×	-3.1×	-1.98×	-1.46×	-1.4×
Cash conversion cycle (days)	33	53	52	50	60	51	65	57