V R Films & Studios Ltd. (VRFILMS.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

+88.8%

₹21.72

vs ₹11.50 price

Levered DCF

₹59.26

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	12.77×	-4.62×	-43.14×	58.92×	26.3×	27.62×	27.79×	3.29×
P/B	1.39×	2.21×	2.31×	3.98×	4.22×	4.89×	5.74×	0.89×
P/S	1.04×	1.42×	2.14×	4.22×	3.48×	4.91×	5.33×	0.74×
EV / EBITDA	5.83×	-7.56×	35.14×	23.51×	18.4×	17.89×	16.09×	2.25×
Gross margin	30.4%	15.9%	46.2%	34.1%	26.3%	32.8%	45.9%	54.6%
Operating margin	14.8%	-36.5%	-2.0%	11.6%	18.6%	24.7%	28.6%	36.4%
Net margin	8.1%	-30.6%	-4.9%	7.2%	13.3%	17.7%	19.1%	22.5%
Current ratio	1.81×	1.52×	1.7×	2.29×	2.15×	6.86×	3.97×	2.01×
Debt / equity	0.86×	0.9×	0.87×	0.8×	0.69×	0.1×	0.14×	0.43×
Interest coverage	2.41×	-6.08×	-0.35×	2.22×	14.34×	57.61×	12.16×	8.96×
Dividend yield	0.0%	0.0%	0.0%	0.3%	0.6%	0.6%	0.3%	0.0%
Payout ratio	0.0%	0.0%	0.0%	16.7%	14.9%	15.7%	9.5%	0.1%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	10.9%	-47.9%	-5.3%	6.7%	16.1%	17.7%	20.6%	27.0%
Return on invested capital	8.2%	-22.8%	-0.9%	4.5%	10.4%	16.3%	18.7%	21.3%
Return on assets	5.4%	-22.3%	-2.2%	3.5%	8.7%	15.3%	16.0%	16.0%
Free cash flow yield	6.3%	15.2%	-0.2%	-2.6%	-9.0%	4.3%	-2.5%	-22.8%
Earnings yield	7.8%	-21.6%	-2.3%	1.7%	3.8%	3.6%	3.6%	30.4%
Enterprise value	₹174.9M	₹242.1M	₹326.4M	₹578.3M	₹558.2M	₹487.8M	₹482.6M	₹47.5M
Net debt / EBITDA	1.73×	-2.16×	6.53×	3.79×	2.41×	0.1×	-0.08×	0.31×
Cash conversion cycle (days)	411	284	594	569	345	336	402	413