Yogi Ltd. (YOGI.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

-4271.4%

-₹6,507.35

vs ₹156.00 price

Levered DCF

-₹8,821.64

After debt service

Piotroski score

3 / 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	33.96×	212.73×	-176.11×	-37.85×	-4,278.26×	184.5×	-77.68×	73.8×
P/B	5.18×	2.85×	1.22×	0.66×	4.5×	4.55×	4.69×	4.42×
P/S	1.62×	2.89×	321.56×	65.41×	8.44×	174.79×	50.17×	19.13×
EV / EBITDA	32.78×	169.31×	-169.43×	-72.92×	56.89×	168.61×	0×	159.27×
Gross margin	6.7%	1.0%	100.0%	100.0%	25.5%	218.5%	-80.0%	32.9%
Operating margin	6.4%	0.1%	-238.8%	-222.5%	12.0%	-19.6%	-130.3%	11.9%
Net margin	4.8%	1.3%	-179.8%	-172.8%	-0.2%	97.4%	-63.8%	25.7%
Current ratio	1.79×	1.33×	17.63×	1.78×	125.44×	41.01×	196.16×	836.76×
Debt / equity	1.82×	0.22×	0.32×	0.98×	0×	0×	0×	0×
Interest coverage	5.07×	0×	0×	0×	198.57×	0×	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	15.2%	1.3%	-0.7%	-1.7%	-0.1%	2.5%	-6.0%	5.9%
Return on invested capital	3.0%	0.0%	-0.5%	-0.9%	-0.1%	-0.5%	-6.0%	2.8%
Return on assets	3.0%	0.3%	-0.5%	-0.9%	-0.1%	2.5%	-5.9%	5.9%
Free cash flow yield	-27.2%	-22.6%	-43.2%	-273.3%	7.6%	0.5%	0.8%	-1.5%
Earnings yield	2.9%	0.5%	-0.6%	-2.6%	-0.0%	0.6%	-1.3%	1.3%
Enterprise value	₹9.4B	₹3.5B	₹854.1M	₹283.4M	₹79M	₹99M	₹98.2M	₹98.4M
Net debt / EBITDA	7.66×	11.71×	-34.26×	-43.51×	-13.46×	-0.22×	0×	-1.11×
Cash conversion cycle (days)	27	324	1,723	36	15	106	80	20