Shah Metacorp Limited (SHAH.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

-11545.3%

-₹288.42

vs ₹2.52 price

Levered DCF

-₹521.24

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	30.87×	5.11×	29.09×	18.85×	-10×
P/B	1.24×	1×	2.18×	1.96×	-1.76×
P/S	1.82×	0.94×	1.3×	0.87×	2.78×
EV / EBITDA	28.09×	4.7×	20.36×	24.86×	29.68×
Gross margin	14.1%	8.5%	6.6%	-3.8%	-11.4%
Operating margin	-1.2%	4.3%	0.1%	-17.4%	-49.6%
Net margin	5.8%	18.5%	4.4%	4.1%	-28.2%
Current ratio	20.59×	10.04×	2.09×	1.77×	1.02×
Debt / equity	0.78×	0.11×	0.64×	3.82×	-2.51×
Interest coverage	-0.98×	417.06×	9.11×	-21.4×	-20.36×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	4.0%	19.7%	7.4%	9.4%	17.9%
Return on invested capital	-0.4%	3.8%	0.1%	46.7%	318.3%
Return on assets	2.2%	16.5%	3.1%	1.4%	-6.5%
Free cash flow yield	-15.2%	-34.2%	-26.2%	-20.4%	-38.4%
Earnings yield	3.2%	19.7%	3.4%	4.8%	-10.1%
Enterprise value	₹6.1B	₹1.8B	₹1.6B	₹734.5M	₹1.3B
Net debt / EBITDA	10.82×	0.45×	4.56×	13.14×	17.41×
Cash conversion cycle (days)	567	261	179	156	271