Suratwwala Business Group Limited (SBGLP.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

-355.0%

-₹54.10

vs ₹21.22 price

Levered DCF

-₹20.27

After debt service

Piotroski score

4 / 9

Average

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	8.62×	60.14×	58.19×	15.17×	-35.63×	55.22×	780.57×	232.77×
P/B	3.13×	9.65×	28×	28.83×	9.45×	12.59×	18.04×	20.17×
P/S	2.29×	18.62×	22.5×	5.15×	483.12×	26.72×	23.58×	22.28×
EV / EBITDA	7.61×	46.34×	42.22×	11.67×	-153.53×	30.9×	81.08×	73.61×
Gross margin	40.9%	49.2%	60.5%	61.5%	-111.7%	116.8%	63.8%	62.6%
Operating margin	36.1%	38.5%	57.5%	47.4%	-495.5%	88.1%	31.2%	29.7%
Net margin	26.5%	31.0%	38.6%	34.0%	-1356.0%	48.6%	4.7%	9.6%
Current ratio	2.84×	3.08×	1.96×	1.03×	0.69×	2.79×	1.61×	1.29×
Debt / equity	0.8×	1.06×	0.65×	2.83×	1.07×	0.9×	1.72×	1.6×
Interest coverage	75.8×	105.58×	38.08×	14.11×	-1×	3.15×	1.23×	1.97×
Dividend yield	0.5%	0.0%	0.0%	0.0%	0.2%	0.0%	0.0%	0.0%
Payout ratio	4.6%	0.0%	0.0%	0.0%	-6.4%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	36.3%	16.1%	48.0%	190.3%	-26.5%	22.9%	3.6%	8.7%
Return on invested capital	19.6%	6.9%	31.4%	51.8%	-12.2%	13.7%	5.6%	6.8%
Return on assets	14.4%	6.0%	21.8%	17.6%	-10.0%	8.4%	0.9%	1.9%
Free cash flow yield	-4.8%	-4.7%	-0.0%	2.2%	1.5%	-2.0%	-3.7%	-4.5%
Earnings yield	11.6%	1.7%	1.7%	6.6%	-2.8%	1.8%	0.2%	0.4%
Enterprise value	₹4B	₹7.4B	₹16.5B	₹3.5B	₹4.3B	₹3.6B	₹2.8B	₹2.2B
Net debt / EBITDA	1.47×	4.52×	0.82×	1.02×	-15.47×	2×	6.9×	5.35×
Cash conversion cycle (days)	647	2,440	1,231	1,468	520,995	-6,718	3,110	2,589