Tyche Industries Limited (TYCHE.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

+46.4%

₹152.23

vs ₹103.99 price

Levered DCF

₹53.15

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

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	14.9×	11.24×	15.15×	10.09×	15.26×	8.78×	4.37×	10.04×
P/B	0.74×	1.02×	1.46×	1.22×	1.37×	1.83×	0.99×	1.19×
P/S	1.93×	2.13×	2.67×	1.9×	2.29×	2.24×	1.04×	1.33×
EV / EBITDA	8.52×	7.25×	9.77×	6.53×	11.85×	5.91×	2.97×	5.81×
Gross margin	33.7%	44.4%	40.9%	30.9%	27.4%	49.5%	35.1%	23.2%
Operating margin	0.5%	14.2%	16.0%	19.6%	15.6%	30.9%	27.4%	13.8%
Net margin	12.9%	19.0%	17.6%	18.8%	15.0%	25.5%	23.8%	13.2%
Current ratio	16.46×	12.57×	16.92×	6.78×	7.87×	5.41×	5.12×	4.97×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	1,211×	6,200.2×	7,414.87×	13,466.45×	10,793.67×	3,263.91×	33,662.42×	1,617.24×
Dividend yield	3.0%	1.8%	1.1%	1.1%	0.7%	0.6%	0.8%	0.7%
Payout ratio	44.3%	20.6%	16.7%	10.8%	11.0%	5.1%	3.5%	7.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	9.1%	9.7%	12.1%	9.0%	20.8%	22.8%	11.9%
Return on invested capital	0.1%	5.0%	6.3%	9.2%	6.7%	18.2%	19.0%	8.6%
Return on assets	4.7%	8.4%	8.9%	10.4%	7.8%	17.1%	18.5%	9.7%
Free cash flow yield	-1.4%	5.6%	2.4%	3.3%	2.4%	7.4%	19.4%	3.6%
Earnings yield	6.7%	8.9%	6.6%	9.9%	6.6%	11.4%	22.9%	10.0%
Enterprise value	₹977.2M	₹1.4B	₹1.8B	₹1.4B	₹1.4B	₹1.7B	₹743.7M	₹679.1M
Net debt / EBITDA	-0.49×	-0.21×	-0.21×	-0.32×	-0.31×	-0.26×	-0.09×	-0.33×
Cash conversion cycle (days)	209	204	188	219	155	118	95	93