Shri Bajrang Alliance Limited (SHBAJRG.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

-276.8%

-₹279.18

vs ₹157.95 price

Levered DCF

-₹318.34

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

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	2.69×	4.24×	5.97×	4.14×	3.16×	4.19×	1.13×	0.83×
P/B	0.31×	0.41×	0.81×	0.55×	1.01×	0.84×	0.14×	0.16×
P/S	0.44×	0.35×	0.43×	0.27×	1.37×	0.63×	0.09×	0.1×
EV / EBITDA	57.76×	33.77×	34.84×	16.1×	21.97×	20.03×	19.18×	7.34×
Gross margin	14.1%	17.6%	7.2%	8.9%	20.8%	9.5%	7.1%	3.2%
Operating margin	0.2%	0.2%	10.0%	17.6%	22.4%	3.4%	3.9%	2.7%
Net margin	16.3%	8.2%	7.2%	6.5%	43.5%	15.0%	8.0%	12.5%
Current ratio	1.16×	1.07×	1.03×	1.06×	1.52×	1.32×	0.98×	1.75×
Debt / equity	0.27×	0.29×	0.2×	0.21×	0.18×	0.38×	0.4×	0.19×
Interest coverage	0.31×	0.73×	54.46×	37.64×	13.39×	1.56×	3.29×	1.5×
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	11.5%	9.7%	13.6%	13.2%	32.0%	20.1%	11.9%	18.9%
Return on invested capital	0.1%	0.2%	15.0%	27.2%	13.2%	3.2%	2.8%	3.4%
Return on assets	8.3%	7.0%	9.8%	9.1%	26.1%	13.6%	6.5%	14.5%
Free cash flow yield	-23.2%	-20.0%	-2.6%	-1.8%	8.2%	-4.2%	-156.4%	-59.6%
Earnings yield	37.1%	23.6%	16.7%	24.2%	31.7%	23.8%	88.3%	120.0%
Enterprise value	₹2.2B	₹2.4B	₹3B	₹2B	₹2.7B	₹1.9B	₹625.1M	₹357.2M
Net debt / EBITDA	26.86×	13.97×	6.69×	4.45×	3.36×	6.21×	14.32×	4×
Cash conversion cycle (days)	121	80	72	58	105	95	71	98