SBL Infratech Limited (SBLI.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

-106545.2%

-₹47,900.34

vs ₹45.00 price

Levered DCF

-₹35,205.68

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

13.32

Safe zone

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	39.01×	19.97×	24.16×	-6.43×	42.67×	152.38×	24.43×	683.76×
P/B	1.54×	0.96×	0.7×	0.74×	0.49×	1.71×	30.01×	-120.75×
P/S	0.17×	0.15×	7.5×	3,768.42×	19,125.44×	14.19×	1.75×	13.18×
EV / EBITDA	36.82×	19.27×	23.5×	-3.5×	-2.94×	-13.71×	16.81×	461.32×
Gross margin	1.4%	2.3%	26.0%	-8894.7%	-6000.0%	70.3%	66.0%	59.7%
Operating margin	0.5%	0.8%	-37.9%	-106810.1%	-609500.0%	-105.2%	9.7%	2.6%
Net margin	0.4%	0.8%	31.0%	-58674.6%	45100.0%	9.2%	7.2%	1.9%
Current ratio	1.95×	1.41×	2.52×	2.3×	13.36×	10×	1.11×	0×
Debt / equity	0.04×	0.05×	0.05×	0×	0×	0.07×	0×	0×
Interest coverage	0×	1,040.78×	0×	-212.91×	0×	-32.08×	0×	0×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	4.0%	4.8%	2.9%	-11.5%	1.1%	1.1%	123.2%	-17.7%
Return on invested capital	3.8%	4.5%	-3.8%	-20.8%	-11.5%	-6.9%	114.7%	0.6%
Return on assets	2.7%	1.4%	2.7%	-10.5%	1.1%	0.9%	15.6%	0.6%
Free cash flow yield	-1.3%	2.3%	-5.7%	-7.3%	18.7%	-1.6%	0.4%	1.7%
Earnings yield	2.6%	5.0%	4.1%	-15.6%	2.4%	0.6%	4.1%	0.1%
Enterprise value	₹62M	₹36.6M	₹26.2M	₹25.5M	₹17.8M	₹25.4M	₹25.3M	₹25.4M
Net debt / EBITDA	0.54×	0.07×	0.85×	0.07×	0.23×	0.31×	-0.47×	-10.69×
Cash conversion cycle (days)	22	54	4,163	124,213	3,085,830	5,917	120	2,501