United Van Der Horst Limited (UVDRHOR.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

-99.9%

₹0.03

vs ₹34.09 price

Levered DCF

-₹46.55

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

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	48.65×	38.48×	97.58×	18.47×	33.9×	27.5×	9.32×	-3.24×
P/B	4.8×	3.4×	4.09×	1.24×	1.48×	0.34×	0.44×	0.27×
P/S	7.99×	5.82×	7.83×	2.58×	4.14×	1.12×	1.6×	1.2×
EV / EBITDA	22.23×	17.53×	28.17×	10.98×	19.59×	6.9×	10.61×	9.42×
Gross margin	68.5%	70.9%	67.5%	72.1%	64.1%	70.5%	78.7%	84.0%
Operating margin	29.2%	26.4%	41.8%	46.0%	39.9%	23.5%	15.2%	-34.7%
Net margin	16.4%	14.5%	8.0%	14.0%	15.0%	4.0%	17.2%	-37.2%
Current ratio	1.36×	1.7×	1.3×	2.36×	4.55×	8.39×	5.82×	5.18×
Debt / equity	0.62×	0.42×	0.7×	0.76×	0.53×	0.51×	0.33×	0.36×
Interest coverage	4.05×	2.83×	3.22×	4.16×	3.37×	1.58×	0.99×	-1.9×
Dividend yield	1.4%	1.2%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	65.9%	47.5%	33.6%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.8%	8.5%	4.2%	6.7%	5.4%	1.2%	4.7%	-8.3%
Return on invested capital	6.3%	7.1%	8.1%	8.2%	7.8%	1.2%	2.5%	-3.1%
Return on assets	5.2%	4.9%	2.1%	3.2%	2.9%	0.6%	2.8%	-4.6%
Free cash flow yield	-1.7%	4.7%	-4.9%	-19.0%	-8.6%	-20.5%	4.5%	5.6%
Earnings yield	2.0%	2.5%	1.0%	5.4%	3.6%	3.6%	10.7%	-30.9%
Enterprise value	₹2.9B	₹2B	₹2.1B	₹691.3M	₹644.2M	₹234.5M	₹216.2M	₹162M
Net debt / EBITDA	2.45×	1.92×	4.08×	4.12×	4.95×	3.95×	4.49×	5.33×
Cash conversion cycle (days)	448	319	393	452	399	472	359	514