Sahyadri Industries Limited. (SAHYADRI.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

-25.9%

₹240.78

vs ₹325.00 price

Levered DCF

₹222.95

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

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	7.68×	13×	15.18×	10.65×	6.39×	5.6×	13×	10.83×
P/B	0.55×	0.67×	1.11×	1.18×	1.3×	1.41×	1.87×	2.12×
P/S	0.33×	0.42×	0.63×	0.67×	0.73×	0.73×	1.22×	1.17×
EV / EBITDA	3.49×	5.68×	7.25×	6.14×	4.56×	4.01×	8.43×	5.66×
Gross margin	32.5%	19.0%	18.5%	22.5%	27.6%	36.9%	20.7%	27.4%
Operating margin	5.4%	5.1%	6.9%	9.9%	16.0%	16.9%	11.7%	17.7%
Net margin	4.3%	3.2%	4.2%	6.2%	11.4%	13.1%	9.4%	10.8%
Current ratio	2.49×	1.99×	1.94×	1.89×	2.04×	1.85×	2.29×	2.14×
Debt / equity	0.04×	0.21×	0.32×	0.37×	0.26×	0.19×	0.32×	0.29×
Interest coverage	10.98×	4.38×	3.89×	6.48×	18.76×	16.29×	6.1×	7.91×
Dividend yield	0.5%	0.4%	0.5%	1.5%	1.6%	0.4%	1.2%	0.0%
Payout ratio	3.8%	5.6%	7.2%	16.2%	10.0%	2.3%	15.2%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.1%	5.1%	7.3%	11.1%	20.3%	25.2%	14.4%	19.6%
Return on invested capital	6.4%	4.9%	6.8%	9.0%	16.1%	20.8%	12.1%	16.5%
Return on assets	5.5%	3.6%	4.7%	6.7%	13.2%	16.3%	8.6%	11.6%
Free cash flow yield	46.3%	13.7%	3.9%	-7.7%	-13.8%	9.2%	8.1%	15.9%
Earnings yield	13.0%	7.7%	6.6%	9.4%	15.6%	17.9%	7.7%	9.2%
Enterprise value	₹2.3B	₹3.3B	₹5.1B	₹5.2B	₹4.7B	₹3.9B	₹4B	₹3.9B
Net debt / EBITDA	0.15×	1.32×	1.58×	1.45×	0.76×	0.47×	1.23×	0.66×
Cash conversion cycle (days)	124	161	179	162	150	108	119	118