Vakrangee Limited (VAKRANGEE.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

-48.9%

₹2.87

vs ₹5.61 price

Levered DCF

₹1.47

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

4.89

Safe zone

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	46.8×	164.67×	515.82×	1,494.74×	29.9×	84.32×	26.36×	189.17×
P/B	2.47×	5.41×	13.86×	12.15×	25.51×	1.98×	0.71×	1.85×
P/S	2.07×	4.3×	10.57×	7.63×	16.84×	16.81×	2.73×	3.19×
EV / EBITDA	13.82×	36.22×	75.77×	77.95×	161.67×	53.9×	17.46×	79.55×
Gross margin	12.0%	11.3%	12.8%	11.4%	8.0%	68.8%	26.4%	7.0%
Operating margin	3.9%	3.0%	5.3%	2.6%	2.1%	4.5%	1.4%	-2.0%
Net margin	4.4%	2.6%	2.0%	0.5%	0.0%	20.0%	10.4%	1.7%
Current ratio	1.81×	2.15×	1.4×	1.05×	0.9×	10.2×	11.61×	23.09×
Debt / equity	0.02×	0.02×	0.07×	0.47×	0.21×	0×	0×	0×
Interest coverage	6.63×	4.24×	1.46×	3.39×	0×	0×	0×	0×
Dividend yield	0.0%	0.5%	0.2%	0.4%	0.3%	0.5%	1.7%	0.6%
Payout ratio	0.0%	81.2%	121.7%	527.2%	252240.5%	42.2%	44.8%	104.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.3%	3.3%	2.7%	0.8%	0.0%	2.4%	2.7%	1.0%
Return on invested capital	3.0%	2.2%	4.4%	1.0%	0.0%	0.4%	0.3%	-0.6%
Return on assets	3.6%	2.2%	1.5%	0.3%	0.0%	2.2%	2.5%	0.9%
Free cash flow yield	9.4%	-3.2%	1.1%	-3.3%	1.3%	-1.0%	-3.9%	-16.2%
Earnings yield	2.1%	0.6%	0.2%	0.1%	0.0%	1.2%	3.8%	0.5%
Enterprise value	₹4.7B	₹10.2B	₹22.2B	₹15.4B	₹32.4B	₹52.6B	₹18.6B	₹47.8B
Net debt / EBITDA	-1.55×	-2.75×	-0.99×	1.62×	-1.01×	-0.08×	-0.14×	-0.46×
Cash conversion cycle (days)	28	40	83	106	72	1,357	724	322