TruCap Finance Limited (TRU.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

-7299.0%

-₹281.48

vs ₹3.91 price

Levered DCF

-₹493.16

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-0.61

Distress zone

Rating

D+

Overall 1 / 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	-0.49×	-1.52×	71.49×	755.68×	172.88×	499.44×	149.83×	256.86×
P/B	1.08×	0.55×	3.7×	2.21×	4.04×	6.62×	19.48×	20.38×
P/S	0.64×	0.47×	4.93×	3.94×	9.51×	22.66×	32.08×	30.07×
EV / EBITDA	-2.61×	-16.16×	59.37×	-218.5×	61.24×	168.57×	102.1×	210.4×
Gross margin	-9.3%	38.1%	25.9%	37.9%	47.1%	48.0%	60.8%	46.7%
Operating margin	-82.0%	11.3%	-2.4%	2.9%	14.7%	11.0%	31.1%	23.2%
Net margin	-131.5%	-30.8%	6.9%	0.5%	5.5%	4.5%	21.5%	11.8%
Current ratio	0.15×	1.55×	1.52×	1.36×	2.4×	11.82×	1.18×	0.58×
Debt / equity	6.5×	3.21×	3.24×	2.05×	1.66×	0.81×	0.5×	1×
Interest coverage	0×	0.82×	-1.64×	1.16×	3.42×	20.73×	117.99×	43.07×
Dividend yield	0.0%	0.1%	0.0%	0.0%	0.0%	0.0%	0.1%	0.3%
Payout ratio	0.0%	-0.2%	1.1%	17.1%	3.6%	11.0%	10.0%	84.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-220.9%	-36.5%	5.2%	0.3%	2.3%	1.3%	13.0%	8.0%
Return on invested capital	-13.5%	2.6%	-0.4%	0.1%	1.3%	0.8%	9.2%	6.7%
Return on assets	-28.8%	-8.5%	1.2%	0.1%	0.8%	0.7%	8.4%	4.0%
Free cash flow yield	-46.6%	170.4%	-28.3%	-34.7%	-31.8%	-14.1%	1.9%	0.1%
Earnings yield	-204.8%	-65.9%	1.4%	0.1%	0.6%	0.2%	0.7%	0.4%
Enterprise value	₹3.8B	₹5.7B	₹13.7B	-₹28.8B	₹9.2B	₹7.1B	₹6.2B	₹5.7B
Net debt / EBITDA	-2.23×	-13.62×	25.37×	-254.69×	15.12×	11.48×	2.29×	8.52×
Cash conversion cycle (days)	59	682	1,193	3,533	1,159	565	113	196