VJTF Eduservices Limited (VJTFEDU.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

-55.2%

₹26.38

vs ₹58.90 price

Levered DCF

-₹16.18

After debt service

Piotroski score

1 / 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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-696.08×	29.11×	3.66×	347.05×	260×	-19.47×	-23.09×	5.14×
P/B	1.42×	1.44×	2.47×	3.55×	3.27×	3.06×	2.76×	2.66×
P/S	51.49×	9.19×	34.99×	5.59×	14.08×	19.36×	6.97×	6.74×
EV / EBITDA	147.39×	14.29×	3.3×	76.37×	18.54×	56.99×	18.06×	3.4×
Gross margin	33.4%	73.2%	-26.1%	75.3%	50.8%	18.8%	63.9%	66.1%
Operating margin	18.1%	31.6%	43.1%	-0.4%	1.3%	-89.9%	-8.3%	0.9%
Net margin	-7.4%	34.2%	954.8%	1.6%	5.5%	-99.5%	-30.2%	131.2%
Current ratio	0.27×	1.95×	2.08×	0.86×	0.91×	0.3×	0.25×	0.99×
Debt / equity	0.3×	0.01×	0.56×	2.11×	1.04×	1.21×	1.05×	0.52×
Interest coverage	3.15×	2.34×	1.02×	-10.78×	0.02×	-0.93×	-0.18×	0.04×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-0.2%	5.4%	67.4%	1.0%	1.3%	-15.7%	-12.0%	51.8%
Return on invested capital	0.0%	3.4%	1.4%	-0.1%	0.1%	-5.5%	-1.5%	0.2%
Return on assets	-0.1%	4.0%	33.5%	0.2%	0.4%	-4.9%	-4.0%	23.3%
Free cash flow yield	33.6%	-29.9%	-27.2%	28.3%	14.5%	1.3%	11.1%	-6.1%
Earnings yield	-0.1%	3.7%	27.3%	0.3%	0.4%	-5.1%	-4.3%	19.5%
Enterprise value	₹1.9B	₹1.4B	₹3.1B	₹1.8B	₹1.4B	₹1.3B	₹1.4B	₹1.3B
Net debt / EBITDA	25.37×	-1.3×	0.61×	28.36×	4.31×	16.01×	4.94×	0.54×
Cash conversion cycle (days)	4,175	674	2,392	1,323	706	430	109	698