Udayshivakumar Infra Limited (USK.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

-47.8%

₹9.13

vs ₹17.51 price

Levered DCF

-₹32.16

After debt service

Piotroski score

4 / 9

Average

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
P/E	66.53×	-28.78×	9.29×	7.19×	9.29×	12.35×	10.98×
P/B	0.65×	1.23×	1.6×	0.8×	1.68×	2.05×	2.45×
P/S	0.52×	0.72×	0.48×	0.4×	0.62×	0.55×	0.59×
EV / EBITDA	10.19×	29.36×	6.04×	2.56×	5.15×	6.44×	6.15×
Gross margin	4.5%	6.9%	10.6%	14.4%	17.1%	13.1%	14.7%
Operating margin	2.7%	-2.4%	6.2%	8.8%	10.4%	8.6%	9.6%
Net margin	0.8%	-2.5%	5.2%	5.6%	6.7%	4.4%	5.4%
Current ratio	1.7×	1.86×	1.6×	1.62×	1.08×	1.04×	1.1×
Debt / equity	0.45×	0.36×	0.22×	0.31×	0.39×	0.54×	0.72×
Interest coverage	0.68×	-1.09×	6.74×	5.87×	6.26×	3.53×	3.63×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	1.0%	-4.3%	17.2%	11.1%	18.1%	16.6%	22.4%
Return on invested capital	1.9%	-2.7%	11.2%	8.9%	12.1%	13.0%	13.2%
Return on assets	0.5%	-2.2%	9.3%	5.6%	7.6%	6.3%	6.6%
Free cash flow yield	-1.2%	-20.4%	-20.5%	-4.2%	10.3%	15.0%	12.5%
Earnings yield	1.5%	-3.5%	10.8%	13.9%	10.8%	8.1%	9.1%
Enterprise value	₹1.5B	₹2.7B	₹3.2B	₹803.8M	₹1.3B	₹1.4B	₹1.5B
Net debt / EBITDA	2.7×	6.55×	0.69×	-1.12×	0.46×	1.16×	1.4×
Cash conversion cycle (days)	129	63	39	5	24	34	20