Shanti Educational Initiatives Limited (SEIL.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

-89.9%

₹15.49

vs ₹153.80 price

Levered DCF

-₹80.00

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 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	403.38×	190.48×	261.52×	246.67×	1,545.16×	112.31×	2,926.83×	204.58×
P/B	31.02×	19.01×	14.98×	13.83×	21.63×	4.19×	3.58×	4.15×
P/S	42.76×	22.8×	50.11×	75.91×	313.67×	78.65×	15.56×	14.49×
EV / EBITDA	237.51×	118.07×	173.6×	159.11×	587.02×	-173.17×	-258.13×	92.69×
Gross margin	37.4%	36.0%	58.2%	49.7%	73.3%	74.8%	30.4%	38.5%
Operating margin	8.2%	10.4%	7.1%	1.7%	-55.5%	-74.1%	-12.1%	5.7%
Net margin	10.6%	12.0%	19.2%	30.6%	20.3%	71.2%	0.5%	7.1%
Current ratio	1.43×	1.5×	1.73×	2.34×	2.15×	1.78×	1.43×	1.48×
Debt / equity	0.08×	0.11×	0.02×	0.04×	0.05×	0.07×	0.09×	0.1×
Interest coverage	7.29×	13.71×	4.53×	0.63×	-3.87×	-6.01×	-2.78×	1.6×
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	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.7%	10.0%	5.7%	5.6%	1.4%	3.8%	0.1%	2.0%
Return on invested capital	4.1%	5.5%	1.5%	0.2%	-3.6%	-3.6%	-0.5%	1.0%
Return on assets	5.8%	7.7%	5.3%	5.0%	1.3%	3.3%	0.1%	1.7%
Free cash flow yield	0.0%	-0.6%	-0.1%	0.0%	0.0%	-1.2%	-0.6%	-0.4%
Earnings yield	0.2%	0.5%	0.4%	0.4%	0.1%	0.9%	0.0%	0.5%
Enterprise value	₹23.8B	₹13.5B	₹9.5B	₹8.3B	₹12.3B	₹2.4B	₹2B	₹2.1B
Net debt / EBITDA	0.42×	0.47×	0.06×	-0.14×	0.43×	-2.21×	-4.22×	1.8×
Cash conversion cycle (days)	106	79	123	132	475	553	27	104