Shanti Gold International Ltd. (SHANTIGOLD.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

-441.7%

-₹1,032.78

vs ₹302.25 price

Levered DCF

-₹876.66

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

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
P/E	7.38×	30.58×	61.5×	83.41×	498.65×	147.04×
P/B	1.73×	10.85×	17.11×	23.69×	33.07×	24.33×
P/S	0.51×	1.49×	2.32×	2.43×	3.86×	3.29×
EV / EBITDA	5.98×	19.48×	35.13×	40.1×	88.59×	61.74×
Gross margin	10.2%	9.7%	8.7%	7.8%	6.3%	7.4%
Operating margin	9.6%	7.8%	6.6%	5.9%	3.8%	6.1%
Net margin	6.9%	5.0%	3.8%	2.9%	0.8%	2.2%
Current ratio	3.31×	1.5×	1.46×	1.52×	1.43×	1.24×
Debt / equity	0.36×	1.6×	2.18×	2.37×	2.88×	2.27×
Interest coverage	10.52×	4.47×	3.27×	3.32×	1.67×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	23.4%	36.6%	27.8%	28.4%	6.6%	16.5%
Return on invested capital	17.8%	16.4%	11.1%	10.6%	3.2%	8.1%
Return on assets	16.4%	13.3%	8.3%	7.7%	1.5%	4.3%
Free cash flow yield	-26.1%	-1.3%	-1.4%	-0.5%	-1.2%	-2.8%
Earnings yield	13.5%	3.4%	1.6%	1.2%	0.2%	0.7%
Enterprise value	₹12.5B	₹18.9B	₹18.6B	₹18.2B	₹18B	₹13.5B
Net debt / EBITDA	1.03×	2.47×	3.91×	3.62×	7.08×	5.21×
Cash conversion cycle (days)	134	112	110	101	130	125