Som Distilleries & Breweries Limited (SDBL.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

-182.0%

-₹59.26

vs ₹72.25 price

Levered DCF

₹169.74

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	127.16×	24.34×	25.04×	18.13×	-44.36×	-5.53×	13.21×	27.29×
P/B	1.69×	3×	3.86×	2.91×	1.51×	0.75×	0.62×	1.74×
P/S	1.07×	1.55×	1.69×	1.35×	1.2×	0.73×	0.43×	1.37×
EV / EBITDA	19.38×	13.25×	15.35×	12.85×	32.11×	-58.11×	8.36×	13.08×
Gross margin	27.1%	30.8%	31.3%	36.7%	42.6%	42.5%	47.2%	49.8%
Operating margin	4.3%	10.4%	10.0%	10.7%	1.0%	-8.0%	7.7%	11.3%
Net margin	0.8%	7.2%	6.7%	7.5%	-2.7%	-13.2%	3.3%	5.0%
Current ratio	1.06×	1.46×	1.3×	1.23×	0.92×	0.91×	1.15×	1.18×
Debt / equity	0.27×	0.23×	0.35×	0.66×	0.69×	0.74×	0.7×	0.56×
Interest coverage	2.38×	13.58×	10.78×	5.39×	0.23×	-1.23×	2.32×	3.59×
Dividend yield	0.0%	0.0%	0.0%	0.2%	0.2%	0.5%	2.4%	0.8%
Payout ratio	1.2%	0.0%	0.1%	3.1%	-7.5%	-2.9%	32.3%	20.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	1.3%	14.0%	15.4%	16.1%	-3.4%	-13.5%	4.7%	6.4%
Return on invested capital	2.1%	10.6%	10.8%	10.8%	0.6%	-4.5%	4.6%	5.6%
Return on assets	0.7%	7.8%	7.4%	6.6%	-1.4%	-5.4%	2.0%	2.9%
Free cash flow yield	-9.6%	-2.6%	-0.4%	-7.8%	0.6%	3.5%	-12.9%	-35.5%
Earnings yield	0.8%	4.7%	4.0%	5.5%	-2.3%	-18.1%	7.6%	3.7%
Enterprise value	₹15.1B	₹23.9B	₹23.5B	₹13.3B	₹6.3B	₹4.1B	₹4B	₹6.9B
Net debt / EBITDA	2.49×	0.84×	1.2×	2.29×	9.82×	-27.99×	4.23×	2.85×
Cash conversion cycle (days)	60	89	92	80	143	124	129	169