Shiva Granito Export Ltd (SHIVAEXPO.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

-637.7%

-₹76.40

vs ₹14.21 price

Levered DCF

-₹81.44

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.64

Distress zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-332.5×	856.91×	15.71×	-1.65×	36.48×	-2,250×	-15.42×	28.86×
P/B	0.81×	0.92×	0.87×	1.89×	0.27×	0.25×	0.17×	0.55×
P/S	1.64×	2.47×	2.41×	2.59×	0.43×	0.56×	0.17×	0.52×
EV / EBITDA	32.54×	33.55×	11.02×	-2.51×	7.13×	5.73×	4.82×	6.28×
Gross margin	6.2%	20.2%	20.8%	14.2%	13.8%	17.8%	10.3%	17.3%
Operating margin	3.4%	5.7%	3.8%	-148.8%	5.5%	10.6%	5.1%	7.0%
Net margin	-0.5%	0.3%	15.3%	-157.0%	1.2%	-0.0%	-1.1%	1.8%
Current ratio	2.44×	3.93×	1.7×	1.49×	1.14×	2.93×	2.94×	2.58×
Debt / equity	0.17×	0.22×	0.36×	0.62×	0.35×	0.39×	0.53×	0.53×
Interest coverage	0.92×	1.04×	0.68×	-22.36×	1.41×	1.11×	0.69×	1.49×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	13.5%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	-205.4%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-0.2%	0.1%	5.5%	-114.8%	0.7%	-0.0%	-1.1%	1.9%
Return on invested capital	-5.1%	0.6%	0.7%	-59.0%	1.3%	-0.0%	-3.2%	2.8%
Return on assets	-0.2%	0.1%	3.6%	-51.8%	0.4%	-0.0%	-0.6%	1.0%
Free cash flow yield	1.7%	-39.0%	53.7%	-59.8%	15.8%	39.9%	-44.2%	12.9%
Earnings yield	-0.3%	0.1%	6.4%	-60.7%	2.7%	-0.0%	-6.6%	3.5%
Enterprise value	₹225.8M	₹256.4M	₹182.2M	₹166.1M	₹88.7M	₹90.3M	₹98.6M	₹155.6M
Net debt / EBITDA	4.75×	5.7×	3.11×	-0.61×	4.05×	3.46×	3.63×	3.05×
Cash conversion cycle (days)	376	579	616	514	275	992	427	371