Share India Securities Limited (SHAREINDIA.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

+210.1%

₹551.16

vs ₹177.72 price

Levered DCF

₹236.29

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	7.94×	10.78×	12.43×	10.37×	19.69×	10.39×	8.49×	14.03×
P/B	0.97×	1.51×	3.03×	3.36×	8.87×	2.97×	1.8×	2.19×
P/S	1.72×	2.76×	3.85×	3.24×	4.75×	1.84×	1.52×	1.69×
EV / EBITDA	0.29×	6.83×	8.12×	6.39×	12.46×	6.55×	5.98×	7.2×
Gross margin	58.1%	42.3%	53.2%	55.2%	50.1%	47.0%	48.2%	34.7%
Operating margin	30.7%	28.4%	39.7%	41.8%	32.1%	28.2%	30.0%	22.8%
Net margin	21.7%	25.6%	31.0%	31.6%	24.1%	17.8%	17.9%	12.1%
Current ratio	6.98×	7.73×	0.43×	4.61×	1.23×	1.03×	1.19×	1.74×
Debt / equity	0.26×	0.22×	0.23×	0.2×	0.44×	0.42×	0.65×	0.67×
Interest coverage	3.48×	5.65×	7.54×	10.02×	11.64×	5.98×	4.2×	4.53×
Dividend yield	1.2%	0.8%	0.8%	0.6%	0.4%	0.6%	1.0%	0.0%
Payout ratio	9.1%	8.4%	9.7%	5.8%	7.1%	5.9%	8.5%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	12.3%	14.0%	24.4%	32.7%	45.0%	28.8%	21.2%	15.8%
Return on invested capital	7.3%	6.7%	19.1%	19.6%	30.1%	24.9%	16.9%	15.2%
Return on assets	7.0%	8.7%	14.8%	17.9%	13.7%	9.4%	8.9%	7.3%
Free cash flow yield	28.1%	-0.2%	-6.2%	-8.4%	8.1%	28.4%	18.7%	9.9%
Earnings yield	12.6%	9.3%	8.0%	9.7%	5.1%	9.7%	11.8%	7.2%
Enterprise value	₹1.3B	₹35B	₹52.3B	₹31.4B	₹37.1B	₹8.5B	₹4.3B	₹3.7B
Net debt / EBITDA	-5.32×	-0.06×	-0.08×	-0.49×	-0.85×	0.11×	1.13×	0.49×
Cash conversion cycle (days)	-156	-45	-112	-194	-451	-353	61	51