Shree Digvijay Cement Company Limited (SHREDIGCEM.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

-65.4%

₹18.61

vs ₹53.74 price

Levered DCF

-₹328.87

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

1.9

Grey zone

Rating

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	33.69×	41.33×	17.11×	15.32×	17.93×	16.31×	5.95×	112.67×
P/B	2.3×	2.86×	3.94×	2.74×	3.18×	2.83×	1.21×	1.09×
P/S	1.12×	1.44×	1.9×	1.23×	1.58×	1.75×	0.72×	0.55×
EV / EBITDA	18.12×	19.25×	9.63×	8.13×	8.12×	7.46×	3.35×	7.86×
Gross margin	75.0%	44.6%	36.0%	44.4%	46.6%	77.7%	51.2%	37.3%
Operating margin	5.2%	4.1%	14.3%	9.3%	13.8%	15.7%	16.7%	1.4%
Net margin	3.3%	3.5%	11.1%	8.0%	8.8%	10.8%	12.0%	0.5%
Current ratio	2.72×	1.3×	1.99×	2.06×	1.91×	2.11×	1.7×	0.86×
Debt / equity	1.41×	0.3×	0×	0×	0×	0×	0.03×	0.18×
Interest coverage	4.11×	10.65×	53.37×	50.52×	87.34×	91.65×	51.39×	1.71×
Dividend yield	2.6%	4.2%	2.4%	5.7%	5.8%	2.4%	0.0%	0.0%
Payout ratio	89.0%	174.6%	41.2%	86.9%	103.5%	39.3%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.8%	6.9%	23.0%	17.9%	17.7%	17.3%	20.4%	0.9%
Return on invested capital	3.2%	4.4%	21.1%	16.0%	15.9%	15.6%	19.3%	1.4%
Return on assets	2.4%	3.6%	16.4%	12.4%	12.0%	12.5%	14.9%	0.6%
Free cash flow yield	-58.3%	-4.6%	2.4%	7.4%	2.2%	7.6%	23.1%	-7.9%
Earnings yield	3.0%	2.4%	5.8%	6.5%	5.6%	6.1%	16.8%	0.9%
Enterprise value	₹13.5B	₹11B	₹14.9B	₹8.8B	₹9.8B	₹8.3B	₹3.4B	₹2.4B
Net debt / EBITDA	6.84×	1.06×	-0.09×	-0.12×	-0.11×	-0.46×	0.09×	0.14×
Cash conversion cycle (days)	59	-10	63	59	78	43	35	19