Shivansh Finserve Limited (SHIVA.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

+137.4%

₹25.28

vs ₹10.65 price

Levered DCF

-₹10.58

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 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	10.21×	-21.93×	67.75×	37.75×	50.64×	5.69×	21.6×	14.17×
P/B	0.63×	0.6×	0.51×	0.27×	0.68×	0.07×	0.2×	0.25×
P/S	1.64×	36.88×	7.55×	-17,784×	3.32×	0.18×	0.24×	0.48×
EV / EBITDA	6.74×	33.28×	65.61×	-39.13×	56.46×	9.53×	7.92×	25.47×
Gross margin	32.5%	14.3%	4.7%	100.0%	32.8%	13.0%	10.6%	5.9%
Operating margin	18.6%	-277.8%	-24.2%	160100.0%	-7.3%	-6.3%	-0.9%	1.3%
Net margin	16.1%	-167.2%	11.1%	-46900.0%	6.6%	3.1%	1.1%	3.4%
Current ratio	2.18×	4.98×	7.6×	5.32×	3.58×	3.64×	4.28×	35.21×
Debt / equity	0.43×	1.75×	3.78×	2.46×	2.46×	0.33×	0.57×	0.41×
Interest coverage	1.22×	-0.49×	-0.21×	-1.55×	-0.61×	-1.81×	-0.23×	443×
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	6.2%	-2.7%	0.8%	0.7%	1.3%	1.2%	0.9%	1.8%
Return on invested capital	3.7%	-1.6%	-0.2%	-0.6%	-0.2%	-1.4%	-0.2%	0.5%
Return on assets	2.4%	-1.0%	0.2%	0.2%	0.4%	0.7%	0.4%	1.2%
Free cash flow yield	238.0%	-114.8%	-255.9%	34.0%	-301.9%	-118.4%	12.0%	-30.4%
Earnings yield	9.8%	-4.5%	1.5%	2.6%	2.0%	17.3%	4.6%	7.1%
Enterprise value	₹67.2M	₹148.2M	₹260.3M	₹150.8M	₹191.1M	₹20.4M	₹25.5M	₹31.9M
Net debt / EBITDA	2.39×	24.59×	56.83×	-34.51×	43.39×	7.38×	4.05×	12.77×
Cash conversion cycle (days)	2,573	24,468	2,871	-367,190	259	672	207	389