Shervani Industrial Syndicate Limited (SHERVANI.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

-368.1%

-₹841.94

vs ₹314.00 price

Levered DCF

₹503.58

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

0.57

Distress zone

Rating

C-

Overall 1 / 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	-111.06×	23.62×	4.65×	4.09×	-21.59×	9.21×	2.91×	5.87×
P/B	0.61×	0.6×	0.93×	0.67×	0.46×	0.46×	0.44×	1.31×
P/S	3.79×	1.88×	1.01×	3.62×	6.76×	1.92×	0.63×	2.54×
EV / EBITDA	-56.3×	46.9×	4.89×	19.21×	-39.57×	9.96×	2.48×	4.55×
Gross margin	19.2%	27.1%	31.2%	53.1%	71.1%	48.0%	41.0%	68.1%
Operating margin	-13.5%	15.7%	27.2%	10.9%	-35.3%	15.7%	26.8%	54.4%
Net margin	-3.4%	8.0%	21.6%	88.5%	-31.3%	20.9%	21.6%	43.4%
Current ratio	1.45×	3.22×	3.12×	1.88×	2.23×	3.27×	4.26×	2.73×
Debt / equity	0.54×	0.34×	0.2×	0.01×	0.09×	0.04×	0.04×	0.05×
Interest coverage	-9×	21.17×	257.83×	15.1×	-11.73×	12.52×	78.79×	216.46×
Dividend yield	1.0%	5.7%	0.5%	0.6%	1.1%	1.1%	0.0%	12.6%
Payout ratio	-106.8%	134.8%	2.2%	2.3%	-24.5%	10.2%	0.0%	73.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-0.5%	2.6%	19.9%	16.3%	-2.1%	5.0%	15.0%	22.3%
Return on invested capital	0.4%	3.0%	19.1%	1.9%	-2.1%	3.6%	14.0%	21.4%
Return on assets	-0.2%	1.5%	13.4%	8.9%	-1.3%	3.6%	11.7%	14.7%
Free cash flow yield	35.9%	6.9%	-11.1%	6.8%	0.8%	5.3%	-24.8%	11.1%
Earnings yield	-0.9%	4.2%	21.5%	24.5%	-4.6%	10.9%	34.3%	17.0%
Enterprise value	₹889.6M	₹1.1B	₹1.7B	₹971.3M	₹663.3M	₹627.8M	₹625.4M	₹2B
Net debt / EBITDA	-4.98×	9.17×	0.78×	0.1×	-3.85×	0.22×	0.18×	-0.07×
Cash conversion cycle (days)	3,676	1,497	534	5,700	23,918	3,121	871	2,205