Welterman International Limited (WELTI.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

-234.4%

-₹23.07

vs ₹17.16 price

Levered DCF

-₹14.78

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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	-17.69×	-46.23×	-42.67×	-12.9×	1.82×	-6.59×	267.26×	1.52×
P/B	-0.69×	-0.58×	-0.47×	-0.32×	-0.22×	-0.09×	-0.1×	-0.14×
P/S	0×	0×	0×	6.45×	1.05×	0.64×	0.61×	0.3×
EV / EBITDA	-35.34×	-101.54×	-100.16×	-50.65×	7.08×	808.91×	34.3×	33.61×
Gross margin	0.0%	0.0%	0.0%	1.3%	34.0%	31.8%	35.3%	17.9%
Operating margin	0.0%	0.0%	0.0%	-40.7%	23.9%	5.2%	28.4%	14.1%
Net margin	0.0%	0.0%	0.0%	-49.7%	57.9%	-9.7%	0.2%	19.6%
Current ratio	0.11×	0.13×	0.14×	0.33×	0.28×	0.33×	1.29×	1.02×
Debt / equity	-0.52×	-0.52×	-0.46×	-0.76×	-0.77×	-0.99×	-1.28×	-1.2×
Interest coverage	-33,010×	0×	-147.78×	-94.54×	2,975×	245.5×	0×	0×
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	3.9%	1.2%	1.1%	2.5%	-12.2%	1.4%	-0.0%	-9.2%
Return on invested capital	15.2%	6.9%	3.9%	12.8%	-21.9%	-106.9%	17.2%	32.3%
Return on assets	-41.5%	-12.4%	-10.3%	-15.7%	70.3%	-5.0%	0.1%	20.5%
Free cash flow yield	0.1%	-0.2%	-13.8%	-4.3%	2.4%	295.7%	-72.6%	-54.7%
Earnings yield	-5.7%	-2.1%	-2.3%	-7.7%	55.0%	-15.2%	0.4%	65.7%
Enterprise value	₹153.8M	₹135.3M	₹112.4M	₹119M	₹116.5M	₹143.2M	₹179.8M	₹174.3M
Net debt / EBITDA	-15.02×	-47.63×	-49.24×	-34.07×	5.49×	741.16×	31.74×	30.08×
Cash conversion cycle (days)	0	0	0	-2,341	-917	-1,072	-610	-201