Sanghvi Movers Limited (SANGHVIMOV.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

-81.6%

₹59.92

vs ₹326.25 price

Levered DCF

-₹58.11

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.21

Safe zone

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	10.96×	14.09×	30.72×	13.61×	27.03×	-19.39×	-15.08×	-4.33×
P/B	1.54×	1.93×	5.7×	1.81×	1.08×	0.61×	0.14×	0.34×
P/S	1.89×	2.82×	9.33×	3.34×	2.37×	1.94×	0.31×	0.89×
EV / EBITDA	6.34×	6.98×	14.75×	5.96×	5.49×	5.42×	2.59×	6.78×
Gross margin	32.0%	34.3%	46.4%	37.4%	88.1%	-2.5%	15.6%	2.8%
Operating margin	25.5%	42.2%	41.6%	33.3%	19.6%	-7.8%	5.1%	-14.7%
Net margin	17.2%	20.0%	30.4%	24.6%	8.8%	-10.0%	-2.0%	-20.6%
Current ratio	1.77×	1.75×	1.83×	1.72×	1.91×	1.23×	0.78×	0.77×
Debt / equity	0.51×	0.38×	0.29×	0.22×	0.23×	0.28×	0.43×	0.61×
Interest coverage	7.46×	12.77×	10.3×	9.12×	3.8×	-0.67×	0.4×	-0.87×
Dividend yield	0.9%	1.2%	0.3%	0.3%	0.0%	0.0%	0.0%	0.0%
Payout ratio	9.4%	16.6%	9.2%	3.9%	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	14.1%	13.7%	18.6%	13.3%	4.0%	-3.2%	-0.9%	-7.9%
Return on invested capital	9.7%	14.6%	14.1%	10.7%	5.3%	-1.3%	0.5%	-2.3%
Return on assets	7.9%	8.9%	13.2%	10.0%	3.0%	-2.3%	-0.6%	-4.7%
Free cash flow yield	-7.4%	-3.4%	-0.3%	1.7%	9.1%	27.1%	162.0%	44.2%
Earnings yield	9.1%	7.1%	3.3%	7.4%	3.7%	-5.2%	-6.6%	-23.1%
Enterprise value	₹25.6B	₹25.9B	₹60.3B	₹16.9B	₹9.6B	₹6.3B	₹4.1B	₹6.9B
Net debt / EBITDA	1.35×	1.03×	0.64×	0.6×	0.94×	1.68×	1.96×	4.32×
Cash conversion cycle (days)	-415	90	87	98	81	120	86	110