Bombay Super Hybrid Seeds Limited (BSHSL.NS) 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

-86.3%

₹11.52

vs ₹84.05 price

Levered DCF

-₹89.40

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

15.41

Safe zone

Rating

Overall 3 / 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	23.9×	49.09×	111.93×	229.81×	39.27×	25.44×	33.5×	46.9×
P/B	4.86×	12.51×	31.81×	68.49×	10.43×	5.07×	4.22×	4.76×
P/S	1.85×	3.65×	9.69×	16.93×	2.13×	0.86×	0.95×	1.32×
EV / EBITDA	20.41×	39.47×	87.67×	178.97×	31.7×	19.5×	18.76×	23.84×
Gross margin	17.1%	15.0%	20.5%	16.1%	11.7%	20.4%	13.5%	14.5%
Operating margin	9.9%	8.8%	10.7%	14.4%	6.5%	4.1%	4.3%	4.5%
Net margin	7.7%	7.4%	8.6%	7.4%	5.4%	3.4%	2.6%	2.8%
Current ratio	2.02×	1.83×	1.87×	1.64×	1.59×	1.58×	1.85×	1.96×
Debt / equity	0.83×	0.88×	0.61×	0.94×	1×	1.05×	0.67×	0.64×
Interest coverage	5.27×	5.11×	5.98×	10.83×	6.62×	5.34×	3.56×	3.51×
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	20.3%	25.2%	28.4%	29.8%	26.6%	20.0%	11.4%	10.1%
Return on invested capital	13.3%	15.0%	20.4%	28.2%	14.9%	11.0%	8.6%	7.7%
Return on assets	10.5%	11.9%	13.7%	12.6%	10.8%	8.0%	5.7%	5.4%
Free cash flow yield	-3.9%	-2.9%	0.5%	-0.3%	-2.8%	-5.9%	-1.1%	-11.2%
Earnings yield	4.2%	2.0%	0.9%	0.4%	2.5%	4.0%	2.7%	2.1%
Enterprise value	₹7.5B	₹14B	₹25.4B	₹39.1B	₹4.5B	₹1.7B	₹1.1B	₹1.1B
Net debt / EBITDA	2.96×	2.59×	1.65×	2.41×	2.75×	2.86×	2.54×	2.83×
Cash conversion cycle (days)	303	234	249	210	168	139	136	153