Shree Rama Multi-Tech Limited (SHREERAMA.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

-135.3%

-₹17.00

vs ₹48.21 price

Levered DCF

-₹19.04

After debt service

Piotroski score

8 / 9

Strong

Altman Z-score

11.27

Safe zone

Rating

B+

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	26.14×	8.31×	29.4×	10.7×	-16.94×	18.81×	1.11×	-12×
P/B	3.65×	2.85×	2.85×	1.83×	3.39×	2.27×	0.95×	10.72×
P/S	2.7×	2.12×	1.65×	0.28×	0.56×	0.48×	0.18×	0.31×
EV / EBITDA	14.93×	15.18×	18.47×	9.32×	68.21×	11.27×	4.15×	16.46×
Gross margin	25.0%	37.7%	19.3%	34.4%	28.5%	10.0%	43.1%	36.9%
Operating margin	12.9%	10.3%	5.2%	3.7%	-3.7%	2.4%	6.3%	-0.8%
Net margin	10.3%	24.9%	5.6%	2.6%	-3.3%	2.5%	16.3%	-2.6%
Current ratio	3.29×	2.43×	2.98×	2.45×	2.24×	3.22×	1.92×	1.27×
Debt / equity	0.12×	0.25×	0.12×	2.77×	3.22×	2.46×	2.87×	28.9×
Interest coverage	29.38×	15.59×	11.13×	4.96×	-8.41×	3.72×	2.76×	-0.24×
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	13.9%	33.5%	9.7%	17.0%	-20.0%	12.1%	85.4%	-88.8%
Return on invested capital	11.2%	11.0%	8.1%	4.5%	-5.2%	3.2%	7.9%	-0.5%
Return on assets	10.9%	24.0%	7.2%	3.8%	-4.0%	3.0%	17.4%	-2.1%
Free cash flow yield	2.5%	-4.3%	3.1%	-1.7%	-13.5%	-0.6%	58.5%	-6.7%
Earnings yield	3.8%	11.7%	3.4%	9.3%	-5.9%	5.4%	89.7%	-8.3%
Enterprise value	₹6.6B	₹4.8B	₹3B	₹1.4B	₹1.6B	₹1.3B	₹940.1M	₹1.3B
Net debt / EBITDA	0.3×	1.22×	0.59×	5.59×	33.19×	5.87×	3.12×	12.01×
Cash conversion cycle (days)	133	132	122	130	135	105	121	134