United Interactive Limited (UNITEDINT.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

-24.7%

₹40.90

vs ₹54.35 price

Levered DCF

₹26.94

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

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	32.86×	13.52×	36.07×	-13.03×	13.73×	12.14×	3.04×	3.65×
P/B	0.37×	0.39×	0.3×	0.33×	0.26×	0.09×	0.1×	0.1×
P/S	0×	6.21×	2.44×	3.76×	2.62×	1.4×	0.09×	0.19×
EV / EBITDA	4.73×	4.3×	5.9×	-16.41×	3.17×	-3.6×	-4.68×	2.14×
Gross margin	0.0%	-12.3%	27.1%	-26.0%	51.8%	47.8%	12.1%	-11.6%
Operating margin	0.0%	-53.4%	-4.2%	-77.1%	0.3%	-36.3%	12.0%	-12.3%
Net margin	0.0%	45.7%	6.8%	-28.8%	19.0%	11.5%	2.9%	5.3%
Current ratio	95.93×	269.45×	247.22×	143.8×	154.06×	77.41×	51.81×	167.1×
Debt / equity	0×	0×	0×	0×	0×	0.01×	0.02×	0×
Interest coverage	-254.75×	-122.59×	0×	-694.6×	0×	-35.2×	68.98×	0×
Dividend yield	1.1%	1.1%	1.4%	1.5%	1.9%	2.9%	5.3%	10.4%
Payout ratio	35.6%	14.3%	50.4%	-19.3%	26.4%	35.8%	16.0%	38.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.1%	2.9%	0.8%	-2.5%	1.9%	0.8%	3.3%	2.7%
Return on invested capital	-1.8%	-1.1%	-0.1%	-3.1%	0.0%	-0.8%	3.6%	-2.7%
Return on assets	0.5%	1.3%	0.4%	-1.2%	0.9%	0.4%	1.5%	1.3%
Free cash flow yield	6.1%	-17.0%	-93.1%	-49.2%	-141.4%	-90.9%	489.3%	-121.4%
Earnings yield	3.0%	7.4%	2.8%	-7.7%	7.3%	8.2%	32.9%	27.3%
Enterprise value	₹89.1M	₹138.6M	₹100.8M	₹85.9M	₹54.6M	-₹47.7M	-₹147.8M	-₹38.7M
Net debt / EBITDA	-2.6×	-0.12×	-0.38×	2.99×	-1.37×	-5.53×	-5.32×	3.28×
Cash conversion cycle (days)	543	682	441	351	723	812	2	-34