Shri Krishna Devcon Limited (SHRIKRISH.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

+23.4%

₹36.46

vs ₹29.55 price

Levered DCF

₹1.63

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

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	22.09×	18.78×	23.24×	32.87×	57.11×	44.87×	131.49×	81.94×
P/B	1.1×	1.08×	1.27×	2.05×	2.19×	2.27×	2.4×	2.44×
P/S	4.6×	3.44×	3.99×	4.92×	7.86×	7.9×	9.09×	9.11×
EV / EBITDA	15.68×	13.37×	15.24×	19.98×	31.46×	26.18×	36.72×	32.56×
Gross margin	59.8%	50.6%	57.6%	44.5%	40.2%	51.8%	54.4%	61.6%
Operating margin	40.1%	33.8%	50.7%	30.0%	25.6%	38.1%	45.2%	52.0%
Net margin	20.8%	18.1%	17.2%	15.0%	13.7%	17.7%	6.9%	11.0%
Current ratio	0.57×	1.88×	1.79×	1.8×	1.94×	1.94×	1.96×	2.13×
Debt / equity	0.5×	0.45×	0.64×	0.72×	0.75×	0.72×	0.66×	0.72×
Interest coverage	3.12×	3.3×	4.12×	3.27×	1.92×	2.89×	2.25×	2.72×
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	5.0%	5.7%	5.4%	6.2%	3.8%	5.1%	1.8%	3.0%
Return on invested capital	3.2%	5.5%	6.7%	5.2%	3.1%	4.6%	5.1%	5.6%
Return on assets	2.2%	2.5%	2.2%	2.4%	1.6%	2.1%	0.7%	1.2%
Free cash flow yield	-6.9%	11.5%	-2.3%	8.0%	-0.9%	-1.5%	6.5%	2.2%
Earnings yield	4.5%	5.3%	4.3%	3.0%	1.7%	2.2%	0.8%	1.2%
Enterprise value	₹1.4B	₹1.3B	₹1.5B	₹2B	₹2B	₹2B	₹2B	₹2B
Net debt / EBITDA	4.5×	3.55×	4.75×	3.76×	7.12×	5.55×	7.07×	7.18×
Cash conversion cycle (days)	-779	-228	4,477	2,486	3,616	4,495	5,198	6,267