Shivalik Bimetal Controls Limited (SBCL.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

-72.6%

₹287.42

vs ₹1,050.00 price

Levered DCF

₹387.58

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

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	23.31×	34.4×	36.84×	37.4×	35.78×	18.16×	34.3×	18.8×
P/B	4.64×	6.53×	9.09×	11.14×	10.29×	3.31×	4.01×	4.41×
P/S	3.91×	5.21×	6.1×	6.29×	6.09×	2.27×	2.47×	2.39×
EV / EBITDA	17.58×	22.42×	24.9×	25.7×	25.88×	11.98×	18.73×	12.18×
Gross margin	33.3%	31.0%	29.0%	47.9%	48.6%	48.7%	41.1%	48.7%
Operating margin	20.5%	18.5%	20.0%	21.0%	20.9%	17.8%	8.7%	16.8%
Net margin	16.8%	15.2%	16.6%	16.8%	17.0%	12.5%	7.2%	12.7%
Current ratio	3.47×	4.01×	3.59×	2.66×	2.09×	1.99×	2.76×	1.96×
Debt / equity	0.15×	0.1×	0.12×	0.22×	0.3×	0.21×	0.23×	0.43×
Interest coverage	24.92×	25.02×	23.43×	20.27×	36.22×	30.63×	9.74×	9.24×
Dividend yield	0.9%	0.5%	0.3%	0.2%	0.2%	0.2%	0.6%	0.6%
Payout ratio	20.9%	16.3%	9.5%	6.0%	5.5%	4.5%	20.6%	11.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.9%	19.0%	24.7%	29.8%	28.8%	18.3%	11.7%	23.5%
Return on invested capital	15.7%	15.5%	19.6%	23.1%	20.0%	15.5%	8.7%	14.5%
Return on assets	15.1%	15.2%	19.0%	20.3%	17.9%	11.5%	8.3%	14.0%
Free cash flow yield	1.0%	2.3%	1.5%	1.2%	-1.5%	3.2%	5.8%	-0.5%
Earnings yield	4.3%	2.9%	2.7%	2.7%	2.8%	5.5%	2.9%	5.3%
Enterprise value	₹23B	₹26.1B	₹31.1B	₹30B	₹20.2B	₹4.8B	₹4.9B	₹5.1B
Net debt / EBITDA	0.49×	-0.32×	0.03×	0.35×	0.6×	0.34×	0.99×	1.08×
Cash conversion cycle (days)	193	177	171	206	227	198	190	268