Sera Investments & Finance India Limited (SERA.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

-50.9%

₹29.51

vs ₹60.15 price

Levered DCF

₹10.40

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B+

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	4.24×	113.36×	3.74×	-20.57×	-24.47×	-86.93×	139.8×	43×
P/B	0.77×	0.98×	0.97×	11.1×	2.25×	1.82×	2.84×	1.21×
P/S	3.16×	24.88×	2.92×	-257.91×	8.63×	100.85×	21.24×	11.36×
EV / EBITDA	3.08×	35.77×	3.86×	-36.29×	77.89×	-90.11×	32.77×	44.51×
Gross margin	96.4%	54.4%	99.9%	184.3%	37.3%	100.0%	43.6%	103.9%
Operating margin	87.9%	84.4%	98.7%	1134.4%	28.0%	94.1%	95.7%	25.4%
Net margin	74.6%	21.8%	78.2%	1255.6%	-35.7%	-113.3%	15.2%	25.4%
Current ratio	7,534.29×	2.64×	4.25×	742.51×	0.38×	199.51×	1.58×	2.6×
Debt / equity	0×	0.07×	0.28×	1.15×	3.44×	0×	0.54×	0×
Interest coverage	0×	888,852.36×	35,363.18×	-11,151.6×	94,738.78×	69.22×	3,973.13×	1.3×
Dividend yield	0.0%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	25.7%	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	18.2%	0.9%	25.8%	-54.1%	-9.3%	-2.1%	2.0%	2.7%
Return on invested capital	15.4%	2.6%	17.0%	-22.7%	1.6%	1.7%	6.3%	-1.1%
Return on assets	15.5%	0.7%	19.7%	-25.2%	-2.1%	-2.0%	1.3%	1.7%
Free cash flow yield	23.4%	2.9%	-10.8%	-2.1%	-23.1%	-1.3%	0.0%	-49.4%
Earnings yield	23.6%	0.9%	26.7%	-4.9%	-4.1%	-1.1%	0.7%	2.2%
Enterprise value	₹2B	₹3.1B	₹834.7M	₹3.2B	₹664.1M	₹302.3M	₹167.9M	₹59.2M
Net debt / EBITDA	-0.48×	2.08×	0.77×	-3.32×	47.05×	0.59×	5×	-0.14×
Cash conversion cycle (days)	341	756	442	-326	591	6,037	0	5,564