SGL Resources Limited (SGLRES.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

-1710.6%

-₹34.63

vs ₹2.15 price

Levered DCF

-₹36.11

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.5

Distress zone

Rating

D+

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	458.14×	41.63×	39.53×	115.96×	76.43×	54.92×	78.43×	138.14×
P/B	0.27×	0.32×	0.76×	0.76×	1.8×	1.86×	2.49×	5.19×
P/S	1.42×	1.21×	2.21×	3.78×	4.59×	2.48×	2.64×	5.78×
EV / EBITDA	14.83×	6.37×	29.3×	29.87×	33.79×	25.03×	32.08×	58.29×
Gross margin	45.9%	47.7%	72.8%	51.4%	63.0%	40.2%	36.4%	25.8%
Operating margin	-40.2%	2.7%	8.7%	13.6%	11.8%	9.8%	7.5%	4.9%
Net margin	0.3%	3.0%	5.5%	3.4%	5.9%	4.7%	3.3%	4.2%
Current ratio	1.42×	2.67×	1.62×	1.89×	1.65×	1.58×	1.66×	1.45×
Debt / equity	0.44×	0.09×	0.75×	0.63×	0.36×	0.57×	0.34×	0.39×
Interest coverage	-247.9×	1.17×	1.51×	1.38×	2.3×	2.45×	2.06×	1.02×
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	0.1%	0.8%	1.9%	0.7%	2.3%	3.5%	3.1%	3.8%
Return on invested capital	-5.3%	0.6%	1.7%	0.9%	2.5%	3.4%	3.7%	2.3%
Return on assets	0.0%	0.6%	0.8%	0.4%	1.4%	1.8%	1.9%	2.3%
Free cash flow yield	0.0%	-78.1%	-10.1%	-34.0%	-13.3%	-11.4%	-11.3%	-8.5%
Earnings yield	0.2%	2.5%	2.5%	0.9%	1.3%	1.9%	1.3%	0.7%
Enterprise value	₹1.2B	₹720.2M	₹1.3B	₹1.2B	₹1.8B	₹1.4B	₹1.6B	₹2.5B
Net debt / EBITDA	8.86×	1.16×	14.5×	13.56×	5.61×	5.86×	3.8×	4.1×
Cash conversion cycle (days)	1,217	438	107	1,115	472	351	370	168