Saint-Gobain Sekurit India Limited (SEKURITIND.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

+3.1%

₹107.20

vs ₹103.95 price

Levered DCF

₹65.78

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	17.82×	26.29×	32.53×	23.9×	25.19×	12.66×	24.68×	39.59×
P/B	3.36×	4.39×	5.89×	4.13×	4.04×	4.27×	2.17×	4.56×
P/S	3.45×	4.69×	5.83×	3.72×	3.9×	3.99×	2.11×	3.36×
EV / EBITDA	12.89×	18.47×	24.97×	17.41×	11.26×	29.1×	11.24×	25.44×
Gross margin	52.2%	52.7%	28.6%	28.6%	28.4%	47.6%	41.3%	40.1%
Operating margin	20.6%	17.6%	18.2%	16.9%	17.3%	19.9%	9.4%	7.8%
Net margin	19.3%	17.8%	15.6%	14.4%	25.6%	7.5%	10.1%	10.2%
Current ratio	6.32×	7.2×	9.08×	8.11×	8.13×	5.36×	5.2×	4.27×
Debt / equity	0.01×	0.01×	0.01×	0.03×	0.04×	0.04×	0.05×	0.02×
Interest coverage	142.89×	121.68×	74.48×	119.74×	84.12×	287.32×	29.38×	131.98×
Dividend yield	2.2%	1.9%	1.2%	3.6%	1.2%	1.5%	0.0%	0.0%
Payout ratio	39.5%	50.2%	43.4%	93.8%	18.9%	79.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.8%	16.7%	15.7%	16.0%	26.5%	8.1%	10.4%	13.8%
Return on invested capital	15.1%	12.2%	13.1%	13.3%	11.4%	18.9%	6.8%	7.9%
Return on assets	15.7%	14.2%	13.8%	13.9%	23.3%	6.7%	8.5%	11.4%
Free cash flow yield	3.7%	2.5%	2.3%	4.3%	1.2%	0.2%	8.7%	3.9%
Earnings yield	5.6%	3.8%	2.7%	3.9%	6.6%	1.9%	4.8%	3.0%
Enterprise value	₹8.2B	₹9.4B	₹11.7B	₹7.5B	₹7.3B	₹6.1B	₹2.9B	₹5.3B
Net debt / EBITDA	-0.02×	-0.03×	-0.07×	0.08×	0.07×	0.25×	0.23×	0.02×
Cash conversion cycle (days)	38	41	48	50	69	59	26	46