Sharda Ispat Limited (SHRDAIS.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

-39.0%

₹82.40

vs ₹135.00 price

Levered DCF

₹67.46

After debt service

Piotroski score

3 / 9

Weak

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	10.26×	19.39×	11.05×	32.31×	42.74×	37.4×	35.97×	19.06×
P/B	0.97×	2.49×	2.99×	3.5×	3.99×	4.67×	5.72×	6.81×
P/S	0.38×	0.84×	0.68×	0.9×	1.08×	1.36×	1.39×	1.13×
EV / EBITDA	7.94×	14.4×	8.33×	20.94×	24.6×	22.42×	24.12×	13.31×
Gross margin	16.5%	17.9%	19.4%	12.3%	12.7%	14.5%	17.3%	18.4%
Operating margin	4.2%	4.9%	8.1%	3.6%	3.7%	4.2%	5.2%	7.8%
Net margin	3.7%	4.3%	6.1%	2.8%	2.5%	3.6%	3.9%	5.9%
Current ratio	2.49×	2.35×	2.95×	2.18×	3×	2.51×	3.09×	2.14×
Debt / equity	0.48×	0.59×	0.42×	0.51×	0.24×	0.31×	0.32×	0.49×
Interest coverage	2.84×	5.74×	13.36×	6.29×	6.46×	5.02×	5.51×	8.82×
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	9.5%	12.8%	27.0%	10.8%	9.3%	12.5%	15.9%	35.7%
Return on invested capital	5.4%	6.8%	18.7%	6.9%	7.9%	8.1%	12.0%	22.8%
Return on assets	6.1%	7.7%	18.2%	6.8%	6.9%	8.6%	10.9%	19.9%
Free cash flow yield	0.3%	7.2%	4.7%	-6.0%	2.1%	-0.1%	3.8%	-4.4%
Earnings yield	9.7%	5.2%	9.0%	3.1%	2.3%	2.7%	2.8%	5.2%
Enterprise value	₹934M	₹1.8B	₹1.8B	₹1.5B	₹1.4B	₹1.4B	₹1.4B	₹1.4B
Net debt / EBITDA	2.53×	2.66×	0.98×	2.5×	1.19×	1.38×	1.26×	0.77×
Cash conversion cycle (days)	178	176	118	80	85	69	55	47