Vikas Proppant & Granite Limited (VIKASPROP.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

+684.2%

₹2.12

vs ₹0.27 price

Levered DCF

-₹2.27

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

—

Ratios by fiscal year

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

Metric	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
P/E	-2.59×	7.35×	0.34×	-9.79×	-0.75×	-1.14×	25.91×	15.83×
P/B	0.16×	0.15×	0.08×	0.14×	0.14×	0.12×	0.11×	0.11×
P/S	1.24×	4.15×	0.29×	248.85×	3.32×	0.09×	0.04×	0.07×
EV / EBITDA	-6.84×	17.1×	1.4×	-264.82×	-97.47×	29.91×	7.83×	7.34×
Gross margin	4.6%	74.0%	98.5%	-12676.9%	-1411.4%	-6.4%	0.4%	-0.4%
Operating margin	4.4%	72.4%	97.7%	-13293.5%	-407.7%	-6.6%	0.3%	-0.9%
Net margin	-48.3%	56.4%	83.9%	-2540.7%	-444.5%	-7.8%	0.1%	0.5%
Current ratio	0.98×	0.92×	0.92×	0.76×	0.78×	1.33×	1.63×	1.42×
Debt / equity	0.26×	0.29×	0.32×	1.48×	1.46×	1.22×	1.1×	1.11×
Interest coverage	10,458×	2,797.06×	85,967×	-1,379.2×	-1,041.09×	-693.25×	7.19×	-1.42×
Dividend yield	0.0%	17.5%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	129.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014
Return on equity	-6.1%	2.0%	22.4%	-1.5%	-19.0%	-10.4%	0.4%	0.7%
Return on invested capital	0.4%	1.5%	16.8%	-0.6%	-6.6%	-3.8%	0.2%	-0.5%
Return on assets	-2.9%	1.0%	10.8%	-0.3%	-4.3%	-2.7%	0.1%	0.2%
Free cash flow yield	-53.9%	36.2%	-260.0%	-68.6%	16.6%	-10.4%	-0.0%	216.0%
Earnings yield	-38.8%	13.6%	293.1%	-10.2%	-134.1%	-87.2%	3.8%	6.2%
Enterprise value	₹778.9M	₹860.8M	₹792.5M	₹1.2B	₹1.1B	₹1.2B	₹1.2B	₹1.2B
Net debt / EBITDA	-4.26×	11.37×	1.13×	-241.4×	-88.69×	27.26×	7.13×	6.68×
Cash conversion cycle (days)	482	-17,474	-60,835	1,461,705	19,189	155	46	68