Shiva Texyarn Limited (SHIVATEX.NS) 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

+35.9%

₹231.91

vs ₹170.60 price

Levered DCF

₹222.68

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

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	16.13×	19.17×	-17.38×	-23.41×	13.19×	14.86×	71.72×	33.27×
P/B	1.13×	1.7×	1.52×	1.16×	1.85×	1.48×	1×	1.99×
P/S	0.48×	0.72×	0.56×	0.38×	0.56×	0.54×	0.3×	0.64×
EV / EBITDA	5.81×	9.3×	25.32×	10.62×	7.27×	6.03×	7.76×	9.73×
Gross margin	30.5%	49.6%	24.6%	29.6%	26.4%	29.9%	26.8%	30.3%
Operating margin	5.7%	6.2%	-1.8%	-1.2%	8.6%	7.9%	5.2%	8.2%
Net margin	3.0%	3.7%	-3.2%	-1.6%	4.2%	3.6%	0.4%	1.9%
Current ratio	1.34×	1.07×	0.97×	1.05×	1.15×	1.18×	0.97×	0.99×
Debt / equity	0.5×	0.78×	0.85×	0.78×	0.99×	0.98×	1.69×	1.79×
Interest coverage	1.66×	1.7×	-0.54×	-0.35×	2.97×	1.53×	0.85×	1.34×
Dividend yield	0.5%	0.0%	0.0%	1.2%	0.6%	0.0%	1.6%	1.1%
Payout ratio	7.6%	0.0%	0.0%	-27.3%	7.8%	0.0%	111.1%	37.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.0%	8.9%	-8.7%	-5.0%	14.0%	9.9%	1.4%	6.0%
Return on invested capital	6.2%	7.6%	-1.9%	-1.8%	8.9%	7.5%	6.0%	6.9%
Return on assets	3.8%	4.0%	-3.7%	-2.2%	5.8%	4.0%	0.4%	1.7%
Free cash flow yield	21.3%	3.8%	-1.7%	25.5%	-2.1%	31.5%	24.2%	1.6%
Earnings yield	6.2%	5.2%	-5.8%	-4.3%	7.6%	6.7%	1.4%	3.0%
Enterprise value	₹2.3B	₹3.3B	₹2.9B	₹2.6B	₹4B	₹3B	₹3B	₹4.2B
Net debt / EBITDA	1.67×	2.86×	9.01×	4.25×	2.52×	2.38×	4.87×	4.55×
Cash conversion cycle (days)	113	157	87	63	109	93	128	148