Shish Industries Limited (SHISHIND.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

-176.3%

-₹8.80

vs ₹11.53 price

Levered DCF

-₹35.83

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

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	67.11×	39.43×	5.31×	3.42×	3.66×	16.34×	20.3×	20×
P/B	2.63×	3.26×	0.71×	0.66×	0.55×	0.19×	2.05×	2.05×
P/S	3.63×	2.97×	0.49×	0.34×	0.19×	0.08×	1.23×	1.61×
EV / EBITDA	42.98×	25.17×	4.08×	1.99×	3.33×	1.06×	8.96×	8.94×
Gross margin	21.2%	37.5%	30.6%	21.0%	21.0%	23.3%	19.0%	49.3%
Operating margin	5.0%	5.9%	11.3%	11.7%	6.6%	5.0%	7.5%	13.6%
Net margin	5.4%	7.5%	9.3%	9.9%	5.3%	4.7%	6.1%	8.0%
Current ratio	2.03×	2.19×	2.78×	2.5×	2.13×	2.26×	2.8×	2.37×
Debt / equity	0.26×	0.32×	0.22×	0.27×	0.34×	0.09×	0.21×	0.28×
Interest coverage	2.04×	2.7×	9.78×	14.68×	8.46×	6.24×	4.85×	5.44×
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	3.9%	8.3%	13.4%	19.5%	15.2%	11.4%	10.1%	10.3%
Return on invested capital	1.9%	3.8%	9.5%	13.8%	10.8%	7.8%	7.6%	9.6%
Return on assets	2.9%	5.8%	9.3%	12.5%	9.4%	7.8%	7.4%	7.2%
Free cash flow yield	-13.1%	-14.8%	-56.9%	-10.7%	-82.7%	18.4%	1.4%	0.9%
Earnings yield	1.5%	2.5%	18.9%	29.3%	27.4%	61.1%	4.9%	5.0%
Enterprise value	₹5.3B	₹3.8B	₹553.6M	₹215.3M	₹155.3M	₹31.7M	₹216.4M	₹200.5M
Net debt / EBITDA	3.5×	2.23×	0.96×	-0.15×	1.26×	0.32×	0.8×	1.03×
Cash conversion cycle (days)	132	182	162	122	109	64	151	204