Centenial Surgical Suture Limited (CSURGSU.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

+8.0%

₹77.72

vs ₹71.96 price

Levered DCF

₹59.64

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 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	-12.63×	-28.97×	28.94×	25.38×	35.32×	16.19×	9.8×	8.52×
P/B	0.98×	1.38×	1.02×	0.72×	0.73×	0.53×	0.44×	0.61×
P/S	0.52×	0.79×	0.64×	0.43×	0.5×	0.42×	0.23×	0.31×
EV / EBITDA	7.29×	11.86×	11.65×	8.2×	8.13×	6.69×	5.3×	7.94×
Gross margin	35.9%	37.7%	66.2%	61.6%	55.4%	71.3%	55.9%	55.0%
Operating margin	2.0%	3.8%	7.4%	5.9%	6.7%	9.6%	8.0%	8.2%
Net margin	-4.1%	-2.7%	2.2%	1.7%	1.4%	2.6%	2.3%	3.6%
Current ratio	1.9×	1.98×	1.99×	2.04×	2.2×	1.92×	1.87×	2×
Debt / equity	0.38×	1.09×	0.86×	0.48×	0.49×	0.67×	0.7×	0.47×
Interest coverage	0.33×	0.51×	1.44×	1.75×	1.53×	1.68×	1.92×	2.44×
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	-7.7%	-4.8%	3.5%	2.9%	2.1%	3.3%	4.5%	7.2%
Return on invested capital	1.9%	2.8%	5.4%	3.9%	3.7%	4.4%	5.3%	7.7%
Return on assets	-2.8%	-1.7%	1.4%	1.3%	1.0%	1.4%	1.9%	3.6%
Free cash flow yield	6.1%	4.4%	-12.0%	5.0%	20.7%	7.2%	7.9%	3.3%
Earnings yield	-7.9%	-3.5%	3.5%	3.9%	2.8%	6.2%	10.2%	11.7%
Enterprise value	₹383.5M	₹756.8M	₹597.5M	₹371.5M	₹368.2M	₹347.6M	₹318.9M	₹299.5M
Net debt / EBITDA	2×	5.22×	5.25×	3.24×	3.24×	3.69×	3.19×	3.39×
Cash conversion cycle (days)	475	527	849	599	603	1,114	452	455