Sheela Foam Limited (SFL.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

-517.6%

-₹2,107.00

vs ₹504.55 price

Levered DCF

-₹2,162.83

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

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	31.81×	79.32×	53.79×	48.74×	77.98×	40.56×	32.42×	47.06×
P/B	1.56×	2.51×	3.36×	6.01×	12.07×	8.07×	6.76×	8.62×
P/S	1.33×	2.22×	3.27×	3.35×	5.87×	3.93×	2.86×	2.94×
EV / EBITDA	15.13×	36.22×	25.62×	26.43×	43.72×	24.18×	20.17×	27.07×
Gross margin	22.2%	37.2%	38.0%	35.5%	32.3%	40.9%	45.9%	41.0%
Operating margin	5.6%	24.7%	25.5%	8.1%	8.7%	12.2%	11.4%	8.3%
Net margin	4.2%	2.8%	6.1%	6.9%	7.6%	9.8%	8.9%	6.3%
Current ratio	0.76×	0.96×	0.77×	2.1×	1.43×	1.46×	1.97×	2×
Debt / equity	0.28×	0.48×	0.51×	0.36×	0.33×	0.28×	0.34×	0.04×
Interest coverage	2.26×	7.03×	11.29×	11.04×	14.68×	29.32×	40.91×	43.64×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.1%	0.5%	1.4%	1.7%	0.8%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	3.2%	6.2%	12.4%	15.6%	20.1%	21.0%	18.3%
Return on invested capital	4.0%	16.0%	12.5%	7.7%	9.6%	13.8%	14.0%	14.9%
Return on assets	3.1%	1.8%	3.4%	7.3%	9.2%	11.5%	11.7%	11.5%
Free cash flow yield	4.9%	1.7%	-19.8%	0.0%	0.2%	2.0%	-0.3%	1.4%
Earnings yield	3.1%	1.3%	1.9%	2.1%	1.3%	2.5%	3.1%	2.1%
Enterprise value	₹59.5B	₹90.5B	₹112.6B	₹101.4B	₹172.3B	₹98.4B	₹64.8B	₹63.1B
Net debt / EBITDA	2.22×	5.69×	3.3×	1.38×	1.08×	0.68×	0.83×	0.06×
Cash conversion cycle (days)	36	35	35	50	43	42	59	43