TTK Healthcare Limited (TTKHLTCARE.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

+13.5%

₹1,038.85

vs ₹914.95 price

Levered DCF

-₹209.46

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

4.12

Safe zone

Rating

C+

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	16.86×	20.45×	34.15×	2.29×	28.21×	15.05×	36.47×	40.06×
P/B	0.99×	1.57×	2.14×	1.54×	3.56×	2.37×	1.8×	3.88×
P/S	1.29×	1.91×	2.87×	2.02×	1.96×	1.47×	0.7×	1.56×
EV / EBITDA	42.39×	15.89×	21.59×	18.61×	28.61×	18.97×	12.72×	17.34×
Gross margin	32.6%	57.7%	54.5%	52.0%	51.6%	29.0%	59.4%	57.8%
Operating margin	2.0%	40.4%	19.6%	2.6%	1.5%	1.5%	2.3%	5.7%
Net margin	7.7%	9.4%	8.4%	88.2%	6.9%	9.8%	1.9%	3.9%
Current ratio	5.91×	5.23×	5.5×	5.06×	2.03×	1.99×	1.74×	1.73×
Debt / equity	0.02×	0.02×	0.02×	0.03×	0.07×	0.06×	0.12×	0.11×
Interest coverage	5.95×	106.17×	53.1×	3.57×	2.87×	4.12×	4.44×	10.62×
Dividend yield	1.3%	0.8%	0.7%	1.0%	0.7%	0.6%	1.9%	0.9%
Payout ratio	21.5%	17.3%	22.5%	2.2%	20.4%	9.1%	69.1%	34.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.9%	7.7%	6.3%	67.1%	12.6%	15.8%	4.9%	9.7%
Return on invested capital	1.2%	24.3%	10.6%	1.4%	1.9%	2.2%	3.2%	7.8%
Return on assets	4.9%	6.4%	5.2%	54.7%	7.4%	9.4%	2.9%	5.9%
Free cash flow yield	-2.4%	-1.0%	-0.7%	-2.6%	3.3%	13.5%	1.7%	1.3%
Earnings yield	5.9%	4.9%	2.9%	43.6%	3.5%	6.6%	2.7%	2.5%
Enterprise value	₹11.1B	₹16.9B	₹21.6B	₹14.8B	₹11.8B	₹7.1B	₹4.7B	₹9.9B
Net debt / EBITDA	0.1×	0.14×	0.12×	0.23×	0.18×	0.26×	0.6×	0.3×
Cash conversion cycle (days)	74	53	25	30	5	10	26	24