Sanmit Infra Limited (SANINFRA.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

-2.0%

₹43.27

vs ₹44.16 price

Levered DCF

-₹31.74

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

Safe 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	38.69×	90.33×	39.54×	209.88×	97.72×	54.44×	52.73×	75.56×
P/B	1.98×	3.84×	4.9×	34.46×	23.32×	6.04×	4.71×	4.49×
P/S	0.74×	0.96×	1.86×	7.82×	4.32×	1.17×	1.14×	0.42×
EV / EBITDA	14.09×	24.39×	22.93×	125.28×	66.17×	33.88×	38.09×	55.75×
Gross margin	7.9%	4.5%	15.0%	6.3%	10.5%	6.8%	6.0%	1.6%
Operating margin	2.9%	2.1%	13.1%	2.8%	5.3%	4.9%	2.6%	0.5%
Net margin	1.9%	1.1%	4.7%	3.7%	4.4%	2.1%	2.2%	0.6%
Current ratio	2.8×	2.14×	2.81×	2.83×	3.88×	2.7×	6.12×	26.4×
Debt / equity	0.38×	0.23×	0.27×	0.26×	0.31×	0.23×	0.05×	0.26×
Interest coverage	2.82×	2.87×	11.72×	5.28×	13.14×	20.24×	72.32×	2.63×
Dividend yield	0.0%	0.4%	0.3%	0.1%	0.1%	0.2%	0.0%	0.0%
Payout ratio	0.0%	35.5%	12.4%	10.7%	6.0%	13.8%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	5.1%	4.3%	12.5%	16.3%	23.6%	10.9%	8.9%	5.9%
Return on invested capital	4.1%	4.7%	20.0%	7.7%	17.7%	17.2%	8.4%	4.0%
Return on assets	3.1%	2.6%	8.7%	10.3%	15.8%	5.9%	7.2%	4.5%
Free cash flow yield	-7.2%	1.4%	0.6%	0.1%	-1.3%	-5.4%	3.6%	-10.7%
Earnings yield	2.6%	1.1%	2.6%	0.5%	1.0%	1.8%	1.9%	1.3%
Enterprise value	₹902.3M	₹1.5B	₹1.8B	₹11B	₹6.4B	₹1B	₹585M	₹529.5M
Net debt / EBITDA	2.13×	1.33×	1.21×	0.94×	0.85×	1.11×	0.33×	2.73×
Cash conversion cycle (days)	147	80	132	90	81	65	65	42