Shetron Limited (SHETR.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

+21.4%

₹122.61

vs ₹101.00 price

Levered DCF

₹130.90

After debt service

Piotroski score

3 / 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	20.63×	39.21×	15.89×	7.97×	8.41×	-8.98×	14.85×	15.07×
P/B	1.34×	2.06×	1.84×	0.95×	0.92×	0.45×	0.31×	0.81×
P/S	0.34×	0.53×	0.43×	0.2×	0.18×	0.1×	0.08×	0.2×
EV / EBITDA	6.59×	8.7×	6.97×	4.81×	4.56×	6.77×	5.74×	5.63×
Gross margin	14.3%	29.8%	28.2%	27.0%	11.4%	26.8%	30.3%	12.8%
Operating margin	4.9%	18.5%	7.1%	7.0%	6.9%	4.0%	6.3%	8.1%
Net margin	1.6%	1.3%	2.7%	2.5%	2.3%	-1.2%	0.5%	1.3%
Current ratio	1.23×	1.29×	1.47×	1.49×	1.42×	1.42×	1.39×	1.4×
Debt / equity	0.61×	0.79×	1.15×	1.35×	1.45×	1.9×	1.84×	1.85×
Interest coverage	1.71×	5.16×	1.93×	1.69×	1.41×	0.68×	0.85×	1.16×
Dividend yield	1.1%	0.7%	0.4%	0.9%	0.0%	0.0%	0.0%	0.0%
Payout ratio	22.5%	29.2%	6.9%	7.5%	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	6.5%	5.3%	11.6%	11.9%	11.4%	-5.0%	2.1%	5.4%
Return on invested capital	7.9%	27.6%	10.4%	10.0%	10.8%	5.8%	6.6%	7.2%
Return on assets	2.5%	2.0%	4.2%	4.0%	3.3%	-1.3%	0.6%	1.4%
Free cash flow yield	6.1%	23.1%	4.4%	-0.7%	9.8%	-11.2%	-21.5%	-42.8%
Earnings yield	4.8%	2.6%	6.3%	12.5%	12.4%	-11.1%	6.7%	6.6%
Enterprise value	₹1.2B	₹1.7B	₹1.7B	₹1.2B	₹1.1B	₹927.2M	₹902.4M	₹1.1B
Net debt / EBITDA	2.07×	2.4×	2.67×	2.82×	2.79×	5.47×	4.9×	3.91×
Cash conversion cycle (days)	64	76	104	84	83	120	132	133