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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
-24910.6%
-₹14,911.19
vs ₹60.10 price
Levered DCF
-₹14,111.93
After debt service
Piotroski score
3 / 9
Weak
Altman Z-score
—
Rating
D+
Overall 1 / 5
Ratios by fiscal year

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

MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
P/E-7.23×16.94×-2.59×9.12×1,550×-304.52×-307.54×103.33×
P/B0.77×0.74×0.71×0.19×1.2×1.2×1.19×1.19×
P/S0.26×0.17×1×0.18×13.7×3.28×36.38×11×
EV / EBITDA-8.85×23.66×-2.17×-1.74×298.92×-54.65×-1,221.97×64.04×
Gross margin-6.5%1.8%12.2%4.9%17.7%29.8%-27.3%6.1%
Operating margin-6.5%-0.0%0.4%2.7%-35.6%-6.9%-69.9%-1.3%
Net margin-3.5%1.0%-38.6%2.0%0.9%-1.1%-11.8%10.5%
Current ratio1.05×1.16×1.7×1.42×62.9×18.72×2.58×7.34×
Debt / equity1.01×0.58×0.01×0.02×0.01×0.02×0×0×
Interest coverage-93.35×-0.14×102.75×132.59×-323.33×-784.03×-9,965.57×-99.93×
Dividend yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Payout ratio0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Key metrics by fiscal year
MetricFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Return on equity-10.6%4.3%-27.4%2.0%0.1%-0.4%-0.4%1.1%
Return on invested capital-9.6%-0.0%0.3%2.0%-2.3%-2.5%-2.3%-0.1%
Return on assets-2.3%0.5%-19.3%1.3%0.1%-0.4%-0.4%1.1%
Free cash flow yield38.9%-62.5%-79.7%59.1%-4.2%-32.5%10.2%26.6%
Earnings yield-13.8%5.9%-38.6%11.0%0.1%-0.3%-0.3%1.0%
Enterprise value₹751.1M₹174.5M₹88.9M-₹8M₹37.4M₹38M₹37.3M₹37.1M
Net debt / EBITDA-4.91×10.16×0.06×-8.38×0.1×-0.98×0.49×-0.52×
Cash conversion cycle (days)123296-52,5095651,593961