Veefin Solutions Ltd. (VEEFIN.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

-26085.3%

-₹58,726.75

vs ₹226.00 price

Levered DCF

-₹60,121.82

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

1.5

Distress zone

Rating

Overall 3 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
P/E	23.88×	47.65×	93.31×	138.99×	652.91×	5,515.72×
P/B	0.91×	1.42×	5.08×	13.51×	63.17×	355.95×
P/S	1.58×	8.11×	25.26×	42.25×	90.82×	450.29×
EV / EBITDA	7.66×	23.09×	55.19×	106.16×	541.73×	3,968.58×
Gross margin	34.0%	47.8%	68.2%	57.6%	35.8%	37.1%
Operating margin	16.5%	24.6%	40.1%	35.3%	14.3%	8.2%
Net margin	6.6%	17.0%	29.6%	30.4%	13.9%	8.2%
Current ratio	0.97×	2.92×	4.66×	2.01×	0.53×	0.23×
Debt / equity	0.17×	0.03×	0.04×	0.02×	0.38×	4.92×
Interest coverage	4.78×	28.12×	29.16×	101.93×	48.9×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	3.8%	3.0%	6.0%	9.7%	9.7%	6.5%
Return on invested capital	4.2%	3.1%	5.6%	8.1%	6.0%	0.8%
Return on assets	2.3%	2.6%	5.1%	7.9%	5.6%	0.7%
Free cash flow yield	-21.5%	-14.6%	-6.0%	-4.2%	-1.0%	0.8%
Earnings yield	4.2%	2.1%	1.2%	0.7%	0.2%	0.0%
Enterprise value	₹6.3B	₹6.1B	₹6B	₹5.9B	₹6B	₹3.5B
Net debt / EBITDA	1.05×	-1.15×	-2.41×	-0.02×	2.88×	53.91×
Cash conversion cycle (days)	24	120	-75	116	-2	17