Sanblue Corporation Limited (SANBLUE.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

-62.1%

₹21.97

vs ₹58.00 price

Levered DCF

-₹260.32

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

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	82.55×	63.33×	98.98×	18.95×	152.94×	-23.58×	-11.31×	-13.62×
P/B	0.46×	0.4×	0.45×	0.32×	0.31×	0.39×	0.26×	0.33×
P/S	4.93×	12.53×	18.01×	3.46×	10.85×	25.93×	11.19×	1.15×
EV / EBITDA	77.81×	43.99×	64.95×	16.29×	134.76×	-25.17×	-11.99×	-14.59×
Gross margin	-6.3%	2.9%	2.0%	4.8%	1.7%	2.7%	1.2%	1.2%
Operating margin	-10.3%	-20.2%	-21.2%	-7.4%	-26.2%	-116.1%	-79.0%	-9.9%
Net margin	6.0%	19.7%	18.1%	18.2%	7.1%	-110.4%	-99.2%	-8.4%
Current ratio	49.67×	68.13×	59.05×	57.73×	1.35×	1.19×	3.84×	1.98×
Debt / equity	0×	0×	0×	0×	0.02×	0.01×	0×	0×
Interest coverage	0×	-70.56×	-2,970×	-927×	-1,566×	-243.77×	-71×	-777.25×
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	0.6%	0.6%	0.4%	1.7%	0.2%	-1.7%	-2.3%	-2.4%
Return on invested capital	-0.9%	-0.5%	-0.3%	-0.6%	-0.6%	-1.6%	-1.8%	-2.7%
Return on assets	0.5%	0.5%	0.4%	1.5%	0.2%	-1.5%	-2.3%	-2.3%
Free cash flow yield	0.0%	0.0%	-2.0%	3.5%	-11.5%	-5.4%	-15.7%	-12.7%
Earnings yield	1.2%	1.6%	1.0%	5.3%	0.7%	-4.3%	-8.9%	-7.3%
Enterprise value	₹154.6M	₹184.9M	₹236.1M	₹115.4M	₹139.2M	₹71.2M	₹26.7M	₹35.9M
Net debt / EBITDA	-1.2×	-5.91×	-4.49×	-2.17×	8.91×	-0.15×	0.18×	0.08×
Cash conversion cycle (days)	-2	-6	37	-3	374	82	-10	-3