Virtuoso Optoelectronics Limit (VOEPL.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

-227.9%

-₹612.42

vs ₹479.00 price

Levered DCF

-₹996.19

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.09

Safe zone

Rating

D+

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	48.34×	108×	50.78×	75.34×	82.36×	195.53×	272.5×	711.53×
P/B	1.76×	5.35×	2.47×	6.25×	15.27×	23.68×	34.14×	85.34×
P/S	0.88×	2.16×	1.01×	1.75×	1.62×	3.33×	5.63×	6.98×
EV / EBITDA	12.46×	27.58×	12.36×	19.64×	19.67×	34.78×	51.86×	140.8×
Gross margin	8.8%	13.3%	5.2%	8.7%	10.4%	11.5%	12.7%	4.9%
Operating margin	6.7%	6.5%	2.7%	6.3%	7.5%	8.7%	9.6%	4.6%
Net margin	1.8%	2.0%	2.0%	2.3%	2.0%	1.7%	2.1%	1.0%
Current ratio	1.19×	1.32×	1.69×	1.23×	1×	1.28×	1.21×	1.37×
Debt / equity	0.84×	0.61×	0.64×	0.94×	3.2×	3.17×	3.43×	3.7×
Interest coverage	1.66×	1.79×	0.69×	1.56×	1.66×	1.35×	1.36×	1.53×
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	3.6%	5.0%	4.9%	8.3%	18.5%	12.1%	12.5%	12.0%
Return on invested capital	4.4%	5.5%	2.8%	7.9%	11.3%	10.4%	9.5%	7.1%
Return on assets	1.6%	2.3%	2.2%	2.8%	3.1%	2.5%	2.5%	2.0%
Free cash flow yield	-25.0%	-6.6%	-12.8%	-13.1%	-4.9%	-3.7%	-6.8%	-1.1%
Earnings yield	2.1%	0.9%	2.0%	1.3%	1.2%	0.5%	0.4%	0.1%
Enterprise value	₹10.7B	₹16.8B	₹6.5B	₹6.7B	₹3.9B	₹4.4B	₹4.2B	₹4B
Net debt / EBITDA	4×	2.78×	2.56×	2.56×	3.37×	4.11×	4.73×	5.67×
Cash conversion cycle (days)	69	65	82	94	84	142	170	100