SG Mart Ltd. (SGMART.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

-6909.8%

-₹60,838.80

vs ₹893.40 price

Levered DCF

₹72,146.88

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

22.42

Safe zone

Rating

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	55.83×	38.8×	43.72×	3,635.53×	2,387.33×	2,387.33×	1,492.08×	4,872.11×
P/B	3.88×	3.32×	2.45×	58.86×	59.83×	60.85×	62.45×	58.47×
P/S	0.98×	0.68×	0.99×	459.46×	19,149.73×	113.51×	5,045.08×	749.86×
EV / EBITDA	28.91×	25.14×	29.36×	-1,338.7×	-4,314.84×	-4,629.86×	-20,881.18×	-28,291.95×
Gross margin	3.6%	2.9%	2.8%	0.0%	300.5%	1.2%	31.9%	9.4%
Operating margin	2.0%	1.8%	2.3%	-33.8%	-443.3%	-0.2%	-25.4%	-2.8%
Net margin	1.8%	1.8%	2.3%	12.6%	804.0%	4.8%	331.4%	15.4%
Current ratio	2.8×	1.89×	3.46×	825.27×	8.64×	188.98×	42.8×	53.32×
Debt / equity	0.17×	0.6×	0.17×	0×	0×	0×	0×	0×
Interest coverage	2.45×	2.46×	5.61×	0×	-38.56×	0×	0×	-67,748.75×
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%	33.3%	0.0%	51.2%	68.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	7.0%	8.6%	5.6%	1.6%	2.5%	2.6%	4.1%	1.2%
Return on invested capital	5.2%	4.2%	3.6%	-3.2%	-1.0%	-0.1%	-0.2%	-0.2%
Return on assets	4.9%	4.5%	4.1%	1.6%	2.2%	2.6%	4.0%	1.2%
Free cash flow yield	0.4%	-12.6%	-2.8%	0.6%	0.2%	-0.6%	-0.0%	0.2%
Earnings yield	1.8%	2.6%	2.3%	0.0%	0.0%	0.0%	0.1%	0.0%
Enterprise value	₹59.5B	₹46.1B	₹27.2B	₹7B	₹7.1B	₹7.2B	₹7.2B	₹7.1B
Net debt / EBITDA	-1.22×	3.26×	0.64×	22.38×	10.04×	2.02×	17.5×	224.65×
Cash conversion cycle (days)	10	16	19	64	-7,586	386	6,648	667