Viyash Scientific Limited (VIYASH.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

-150.8%

-₹111.47

vs ₹219.41 price

Levered DCF

₹4.47

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	44.7×	154.33×	-84.83×	-14.88×	80.6×	62.25×	27.11×	36.25×
P/B	2.72×	4.96×	4.63×	2.58×	4.78×	8.17×	2.76×	2.49×
P/S	2.32×	2.25×	2.23×	1.27×	2.35×	4.4×	1.63×	1.72×
EV / EBITDA	12.45×	24.64×	63.03×	-47.49×	30.66×	29.88×	12.53×	15.58×
Gross margin	30.9%	47.7%	40.5%	11.2%	40.1%	45.5%	20.7%	43.8%
Operating margin	12.3%	29.5%	2.7%	-0.7%	4.8%	11.5%	9.3%	10.1%
Net margin	5.2%	1.4%	-2.6%	-8.5%	2.9%	7.1%	6.0%	4.8%
Current ratio	2.38×	1.73×	1.31×	1.41×	1.54×	1.55×	1.42×	1.38×
Debt / equity	0.17×	0.68×	0.74×	0.63×	0.53×	0.38×	0.58×	0.47×
Interest coverage	6.08×	8.19×	0.77×	-0.27×	4.27×	6.36×	3.01×	3.14×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.4%	0.0%	0.3%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	30.1%	0.0%	8.3%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.1%	3.1%	-5.5%	-17.3%	5.9%	13.1%	10.2%	6.9%
Return on invested capital	7.1%	26.1%	1.6%	-0.7%	5.0%	11.1%	8.0%	8.8%
Return on assets	3.8%	1.4%	-2.3%	-7.9%	2.8%	6.9%	4.8%	3.5%
Free cash flow yield	1.6%	1.3%	-0.0%	-3.8%	-0.1%	1.0%	3.9%	5.1%
Earnings yield	2.2%	0.6%	-1.2%	-6.7%	1.2%	1.6%	3.7%	2.8%
Enterprise value	₹81.4B	₹39.1B	₹34.7B	₹22.1B	₹36.2B	₹61.7B	₹22.2B	₹20.2B
Net debt / EBITDA	0.34×	2.63×	7.69×	-8.66×	2.61×	1.08×	1.85×	2.03×
Cash conversion cycle (days)	143	143	128	117	124	115	103	95