Vertoz Ltd (VERTOZ.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

-224.4%

-₹36.76

vs ₹29.56 price

Levered DCF

-₹43.05

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	90.94×	26.6×	37.89×	21.67×	17.31×	39.68×	170.59×	158.06×
P/B	10.17×	34.23×	75.2×	23.34×	15.93×	56.25×	13.9×	32.3×
P/S	8.12×	25.54×	76.65×	28.87×	25.39×	56.97×	17.15×	25.37×
EV / EBITDA	45.9×	150.29×	516.72×	136.28×	90.15×	227.55×	84.24×	107.08×
Gross margin	18.6%	14.2%	18.8%	30.0%	48.7%	36.8%	41.3%	53.7%
Operating margin	11.2%	9.0%	18.0%	17.8%	18.7%	15.2%	13.7%	19.0%
Net margin	8.9%	10.2%	10.2%	13.3%	14.7%	14.4%	10.0%	15.9%
Current ratio	1.54×	2.69×	2.62×	2.7×	1.73×	1.16×	0.88×	2.9×
Debt / equity	0.38×	0.1×	0.11×	0.09×	0.15×	0.25×	0.21×	0.15×
Interest coverage	5.95×	10.59×	18.26×	15.25×	7.62×	6.7×	5.12×	23.34×
Dividend yield	0.0%	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%	1.5%	1.4%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.2%	13.7%	10.0%	10.8%	9.2%	14.2%	8.1%	20.2%
Return on invested capital	8.4%	9.8%	15.8%	10.4%	7.9%	10.4%	6.6%	17.4%
Return on assets	6.2%	10.3%	8.0%	8.5%	7.1%	9.8%	5.7%	14.1%
Free cash flow yield	-1.4%	0.0%	-0.3%	-0.7%	0.1%	-0.1%	-1.8%	-0.8%
Earnings yield	1.1%	0.4%	0.1%	0.5%	0.6%	0.3%	0.6%	0.6%
Enterprise value	₹24.5B	₹65.3B	₹119.2B	₹24B	₹10.6B	₹32.6B	₹7B	₹11.7B
Net debt / EBITDA	1.49×	0.16×	0.27×	0.3×	0.6×	0.79×	0.9×	0.17×
Cash conversion cycle (days)	22	83	120	172	177	90	-14	-15