West Leisure Resorts Limited (WESTLEIRES.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

-121.2%

-₹15.45

vs ₹72.71 price

Levered DCF

-₹55.80

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

—

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	449.37×	-1,261.54×	-217.59×	608.8×	-162.23×	226.32×	-85×	130.78×
P/B	1.2×	2.62×	2.76×	2.4×	2.19×	1.21×	1.06×	0.87×
P/S	42.31×	107.52×	228.56×	196.83×	227.12×	144.14×	35.55×	54.32×
EV / EBITDA	234.11×	729.58×	-165.01×	916.45×	-401.55×	144.35×	55.48×	88.77×
Gross margin	0.8%	-34.6%	-24.5%	-11.1%	-18.6%	-3.5%	74.5%	73.3%
Operating margin	17.5%	12.3%	-25.7%	21.2%	-171.7%	98.4%	74.0%	60.5%
Net margin	9.6%	-8.5%	-105.0%	31.7%	-140.0%	64.0%	-42.0%	41.9%
Current ratio	9.73×	0.9×	2.78×	3.56×	2.12×	3.06×	141.43×	7.37×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	0×
Dividend yield	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%	0.1%
Payout ratio	56.3%	-75.5%	-12.1%	40.7%	-12.1%	29.3%	-12.5%	19.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.3%	-0.2%	-1.3%	0.4%	-1.4%	0.5%	-1.2%	0.7%
Return on invested capital	0.3%	-6.9%	-0.2%	0.3%	-1.3%	0.5%	-1.4%	0.7%
Return on assets	0.3%	-0.2%	-1.3%	0.4%	-1.3%	0.5%	-1.2%	0.7%
Free cash flow yield	-0.9%	-0.5%	-0.2%	-0.2%	-0.2%	-0.3%	-0.3%	-0.4%
Earnings yield	0.2%	-0.1%	-0.5%	0.2%	-0.6%	0.4%	-1.2%	0.8%
Enterprise value	₹238.6M	₹509.2M	₹548.3M	₹464.6M	₹408.4M	₹234.2M	₹207.5M	₹202.9M
Net debt / EBITDA	-0.5×	-0.6×	0.06×	-0.16×	0.43×	-0.44×	-0.04×	-0.35×
Cash conversion cycle (days)	0	0	0	0	0	0	0	0