Schaeffler India Limited (SCHAEFFLER.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

+7.6%

₹3,800.04

vs ₹3,532.00 price

Levered DCF

₹3,247.18

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

16.49

Safe zone

Rating

C-

Overall 1 / 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	52.7×	56.7×	55.83×	48.83×	43.65×	48.72×	39.98×	42.43×
P/B	10.02×	9.98×	10.44×	10.02×	7.52×	4.52×	4.96×	6.58×
P/S	6.26×	6.47×	6.92×	6.25×	4.94×	3.77×	3.37×	3.9×
EV / EBITDA	31.25×	36.55×	37.84×	33×	27.61×	25.79×	21.91×	23.71×
Gross margin	28.9%	37.0%	37.6%	37.8%	37.7%	38.0%	36.9%	37.0%
Operating margin	14.7%	29.0%	29.7%	30.0%	28.9%	26.6%	27.7%	28.6%
Net margin	11.9%	11.4%	12.4%	12.8%	11.3%	7.7%	8.4%	9.2%
Current ratio	2.59×	2.86×	2.92×	2.89×	2.88×	2.83×	3.55×	2.62×
Debt / equity	0.01×	0.01×	0.01×	0.01×	0.02×	0.03×	0×	0.02×
Interest coverage	271.9×	490.77×	443.26×	254.35×	327.97×	168.41×	755.63×	171.5×
Dividend yield	0.7%	0.8%	0.7%	0.6%	0.4%	0.8%	0.8%	0.2%
Payout ratio	38.0%	43.3%	41.7%	28.4%	18.9%	37.6%	30.7%	6.7%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	19.0%	17.6%	18.7%	20.5%	17.2%	9.3%	12.4%	15.5%
Return on invested capital	17.1%	32.5%	32.8%	35.3%	32.3%	22.6%	27.7%	30.9%
Return on assets	14.0%	13.6%	14.3%	15.4%	12.8%	7.0%	10.1%	11.1%
Free cash flow yield	1.6%	0.2%	0.7%	0.6%	1.0%	2.9%	1.3%	-0.0%
Earnings yield	1.9%	1.8%	1.8%	2.0%	2.3%	2.1%	2.5%	2.4%
Enterprise value	₹597.2B	₹528.3B	₹501.6B	₹428.2B	₹273.4B	₹140.7B	₹145.8B	₹177.3B
Net debt / EBITDA	-0.48×	-0.28×	-0.01×	-0.08×	-0.13×	-0.2×	-0.17×	-0.11×
Cash conversion cycle (days)	69	84	76	68	70	66	82	80