Shalibhadra Finance Limited (SAHLIBHFI.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

+244.2%

₹244.74

vs ₹71.10 price

Levered DCF

-₹189.49

After debt service

Piotroski score

3 / 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	12.34×	31.33×	120.72×	38.46×	64.25×	31.25×	4.35×	6.8×
P/B	1.4×	2.7×	3.57×	1.04×	1.61×	0.61×	0.61×	1.19×
P/S	5.85×	12.06×	10.7×	2.98×	4.2×	1.33×	1.07×	1.96×
EV / EBITDA	11.34×	18.68×	20.17×	8.38×	11.51×	8.46×	11.1×	11.74×
Gross margin	86.8%	84.1%	80.6%	80.9%	78.2%	75.0%	52.2%	55.3%
Operating margin	62.3%	72.5%	65.7%	65.5%	63.6%	61.3%	38.2%	43.7%
Net margin	47.4%	46.3%	37.0%	30.6%	27.3%	17.1%	24.5%	28.8%
Current ratio	0.27×	6.19×	4.57×	7.01×	6.63×	8.48×	3.16×	3.64×
Debt / equity	0.33×	0.24×	0.6×	0.7×	0.98×	1.38×	1.82×	1.95×
Interest coverage	0×	6.93×	5.51×	3.64×	2.95×	2.26×	0×	0×
Dividend yield	0.5%	0.2%	0.2%	0.5%	0.3%	0.0%	2.4%	1.4%
Payout ratio	6.4%	5.3%	5.2%	4.8%	4.2%	0.0%	10.3%	9.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.3%	10.4%	12.4%	10.7%	10.4%	7.8%	13.9%	17.5%
Return on invested capital	8.4%	10.2%	10.2%	10.0%	9.0%	8.2%	5.5%	6.4%
Return on assets	8.4%	8.2%	7.6%	6.1%	5.1%	3.1%	4.7%	5.6%
Free cash flow yield	-8.7%	-6.7%	0.7%	-5.9%	2.0%	26.1%	1.3%	-27.7%
Earnings yield	8.1%	3.8%	3.5%	10.3%	6.5%	12.8%	23.0%	14.7%
Enterprise value	₹2.9B	₹4.5B	₹4B	₹1.4B	₹1.5B	₹899.4M	₹1B	₹1.1B
Net debt / EBITDA	1.99×	1.53×	2.89×	3.38×	4.37×	5.87×	8.32×	7.29×
Cash conversion cycle (days)	2	1,266	1,034	7,005	7,531	5,117	2,422	2,650