Shalimar Wires Industries Limited (SHALIWIR.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

+42.4%

₹24.95

vs ₹17.52 price

Levered DCF

₹21.80

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 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	12.19×	38.82×	65.97×	16.2×	-1,257.87×	-6.35×	-31.77×	-20.65×
P/B	1.64×	2.44×	2.77×	3.25×	4.04×	4.03×	2.46×	2.3×
P/S	0.5×	0.69×	0.75×	0.88×	1.1×	1.2×	0.95×	0.92×
EV / EBITDA	4.94×	7.16×	6.79×	6.22×	8.91×	22.89×	11.48×	22.3×
Gross margin	43.5%	69.7%	65.6%	62.5%	58.8%	20.9%	70.0%	62.4%
Operating margin	13.7%	50.1%	43.1%	12.3%	1.0%	-2.6%	1.2%	0.5%
Net margin	4.1%	1.8%	1.1%	5.4%	-0.1%	-18.9%	-3.0%	-4.5%
Current ratio	1.32×	0.97×	1.26×	1.43×	1.01×	0.97×	1.19×	1.67×
Debt / equity	2.12×	2.4×	2.59×	2.79×	3.18×	3.18×	2.14×	1.99×
Interest coverage	1.37×	5.01×	4.41×	0.99×	0.08×	-0.15×	0.11×	0.06×
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	13.5%	6.3%	4.2%	20.0%	-0.3%	-63.5%	-7.8%	-11.2%
Return on invested capital	12.3%	49.9%	42.7%	11.5%	0.8%	-1.9%	0.9%	0.4%
Return on assets	2.8%	1.2%	0.8%	3.9%	-0.0%	-8.9%	-1.7%	-2.9%
Free cash flow yield	3.3%	17.9%	17.0%	13.9%	17.2%	13.8%	1.6%	-29.3%
Earnings yield	8.2%	2.6%	1.5%	6.2%	-0.1%	-15.7%	-3.2%	-4.8%
Enterprise value	₹1.5B	₹1.8B	₹1.8B	₹1.9B	₹1.9B	₹1.9B	₹2B	₹1.9B
Net debt / EBITDA	2.65×	3.54×	3.24×	2.83×	3.87×	10.02×	5.26×	10.17×
Cash conversion cycle (days)	121	-48	146	152	59	65	32	158