Samrat Forgings Limited (SAMRATFORG.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

-489.8%

-₹959.22

vs ₹246.05 price

Levered DCF

-₹301.60

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.71

Distress zone

Rating

D+

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	20.24×	30.72×	50.49×	45.55×	62.41×	98.89×	5,683.27×	219.21×
P/B	2.15×	4.25×	4.76×	7.81×	9.49×	11.21×	12.75×	13.04×
P/S	0.44×	0.82×	0.93×	1.23×	1.6×	1.89×	2.71×	2.31×
EV / EBITDA	9.94×	13.55×	17.55×	19.09×	21.83×	23.5×	31.06×	32.16×
Gross margin	54.4%	54.6%	24.7%	23.0%	24.6%	25.7%	54.0%	54.0%
Operating margin	5.9%	7.0%	5.8%	6.4%	6.9%	7.3%	6.7%	5.8%
Net margin	2.2%	2.7%	1.8%	2.7%	2.6%	1.9%	0.0%	1.1%
Current ratio	0.98×	1×	1.05×	1.13×	1.16×	1.16×	1.05×	1×
Debt / equity	2.35×	2.41×	2.48×	2.17×	2.08×	2.26×	2.32×	2.17×
Interest coverage	1.55×	1.89×	1.72×	2.43×	2.08×	1.6×	0×	0×
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	10.6%	13.8%	9.4%	17.1%	15.2%	11.3%	0.2%	5.9%
Return on invested capital	5.8%	7.4%	5.7%	8.6%	8.7%	9.5%	1.1%	8.3%
Return on assets	2.2%	2.8%	2.0%	3.8%	3.4%	2.3%	0.0%	1.2%
Free cash flow yield	3.9%	-2.6%	-2.6%	-3.3%	1.7%	1.7%	2.0%	0.3%
Earnings yield	4.9%	3.3%	2.0%	2.2%	1.6%	1.0%	0.0%	0.5%
Enterprise value	₹1.9B	₹2.5B	₹2.3B	₹2.8B	₹2.7B	₹2.7B	₹2.6B	₹2.6B
Net debt / EBITDA	5.2×	4.9×	6.02×	4.15×	3.93×	3.94×	4.76×	4.58×
Cash conversion cycle (days)	114	117	102	88	123	136	214	175