Vedant Asset Ltd. (VEDANTASSET.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

-305.6%

-₹127.48

vs ₹62.00 price

Levered DCF

-₹222.47

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

32.08

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	23.66×	65.85×	37.51×	35.91×	76.23×	108.63×	255.59×
P/B	1.56×	2.6×	1.9×	2×	3.86×	4.08×	162.46×
P/S	1.91×	4.32×	2.92×	3.07×	5.16×	7.73×	14.27×
EV / EBITDA	11.63×	62.68×	34.23×	20.69×	35.6×	45.77×	85.16×
Gross margin	97.3%	62.0%	98.7%	52.2%	84.4%	69.3%	62.3%
Operating margin	10.8%	-2.3%	54.7%	12.0%	9.5%	9.2%	8.1%
Net margin	8.1%	6.5%	7.8%	8.6%	6.7%	7.1%	5.6%
Current ratio	10.35×	28.41×	10.9×	6.71×	5.45×	8.16×	23.41×
Debt / equity	0×	0×	0×	0×	0×	0.08×	13.81×
Interest coverage	0×	0×	0×	90.04×	64.36×	208.2×	12.79×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.6%	3.9%	5.0%	5.6%	5.0%	3.8%	63.2%
Return on invested capital	6.6%	-0.7%	22.8%	5.6%	4.9%	3.5%	4.6%
Return on assets	6.3%	3.5%	4.1%	5.3%	4.5%	3.4%	4.1%
Free cash flow yield	4.2%	-7.9%	-8.1%	0.5%	-9.4%	-1.3%	0.9%
Earnings yield	4.2%	1.5%	2.7%	2.8%	1.3%	0.9%	0.4%
Enterprise value	₹68.5M	₹120.1M	₹67.5M	₹100M	₹85M	₹83.8M	₹94.2M
Net debt / EBITDA	-4.47×	-13.7×	-18.28×	-0.77×	-0.99×	-1.94×	6.13×
Cash conversion cycle (days)	1,184	236	-418	122	419	35	1