Virgo Global Limited (VIRGOGLOB.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

-140.9%

-₹1.26

vs ₹3.07 price

Levered DCF

₹2.93

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C-

Overall 1 / 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	FY2018
P/E	-16.77×	1,774.19×	36.17×	41.29×	7.92×	24.43×	104.69×	113.68×
P/B	6.79×	7.18×	10.84×	16.02×	2.01×	1.73×	2.91×	17.81×
P/S	4.26×	1.3×	0.1×	0.21×	0.05×	0.03×	0.08×	0.07×
EV / EBITDA	-16.63×	86.58×	31.74×	27×	3.87×	-7.88×	1.04×	21.1×
Gross margin	-25.4%	16.5%	0.7%	4.9%	3.8%	2.5%	1.9%	0.4%
Operating margin	-25.4%	1.4%	0.3%	0.9%	0.9%	0.0%	0.3%	0.1%
Net margin	-25.4%	0.1%	0.3%	0.5%	0.6%	0.1%	0.1%	0.1%
Current ratio	1.07×	1.1×	1.63×	1.26×	1.26×	1.07×	1.07×	1.01×
Debt / equity	0×	0×	3.09×	4.79×	1.72×	0×	0×	0×
Interest coverage	-582.5×	1.02×	8.9×	3.37×	49.16×	6.29×	37.1×	1.86×
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%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-40.5%	0.4%	29.5%	38.5%	25.4%	7.1%	2.8%	15.7%
Return on invested capital	-40.3%	7.1%	6.0%	8.1%	10.7%	1.8%	8.7%	14.1%
Return on assets	-2.8%	0.0%	2.8%	1.4%	2.0%	0.5%	0.2%	0.2%
Free cash flow yield	0.0%	43.5%	-17.0%	-10.5%	-87.1%	26.0%	-6.7%	28.4%
Earnings yield	-6.0%	0.1%	2.7%	2.4%	12.6%	4.1%	1.0%	0.9%
Enterprise value	₹38.6M	₹56.2M	₹110.8M	₹99.6M	₹6M	-₹2.6M	₹1.1M	₹35.5M
Net debt / EBITDA	0.25×	-2.92×	6.7×	2.31×	-0.66×	-21.37×	-5.93×	-3.84×
Cash conversion cycle (days)	-19	-6	13	-3	35	-20	-24	-5