Sagar Cements Limited (SAGCEM.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

-113.1%

-₹17.15

vs ₹130.82 price

Levered DCF

-₹29.29

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	-2,552.67×	-11.62×	-66.23×	81.44×	41.83×	8.87×	24.45×	127.06×
P/B	16.69×	1.42×	1.48×	1.24×	2.56×	1.55×	0.82×	2.05×
P/S	10.98×	1.08×	1.15×	1.11×	2.02×	1.38×	0.69×	1.43×
EV / EBITDA	134.56×	28.18×	13.19×	10.06×	15.86×	6.14×	6.77×	15.48×
Gross margin	24.8%	19.4%	78.3%	39.1%	79.0%	76.5%	73.8%	73.7%
Operating margin	-0.7%	-5.8%	1.7%	0.4%	11.7%	22.7%	9.4%	6.9%
Net margin	-0.4%	-9.3%	-1.7%	1.4%	4.3%	13.8%	2.3%	1.1%
Current ratio	0.63×	0.58×	0.86×	0.98×	0.96×	1.15×	0.63×	0.67×
Debt / equity	1.01×	0.84×	0.74×	0.74×	1.2×	0.68×	0.51×	0.61×
Interest coverage	-0.09×	-0.7×	0.23×	0.05×	2.02×	6.59×	1.79×	1.33×
Dividend yield	0.0%	0.4%	0.3%	0.4%	0.2%	0.8%	0.8%	0.2%
Payout ratio	0.0%	-4.4%	-21.1%	30.3%	8.5%	8.2%	23.0%	27.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-0.7%	-12.2%	-2.2%	1.5%	5.5%	15.5%	2.8%	1.6%
Return on invested capital	-0.0%	-2.9%	0.7%	0.1%	3.6%	9.1%	3.6%	3.5%
Return on assets	-0.2%	-5.0%	-1.0%	0.8%	2.1%	7.2%	1.4%	0.8%
Free cash flow yield	-1.4%	3.9%	6.1%	2.3%	-8.5%	-4.5%	-3.2%	-3.6%
Earnings yield	-0.0%	-8.6%	-1.5%	1.2%	2.1%	10.0%	3.4%	0.8%
Enterprise value	₹299.5B	₹38.1B	₹41.5B	₹37.8B	₹45.9B	₹24.7B	₹12.8B	₹22.3B
Net debt / EBITDA	7.59×	10.16×	4.06×	3.46×	4.73×	1.49×	2.57×	3.48×
Cash conversion cycle (days)	26	-30	-109	16	14	-81	-77	-27