SPR Auto Technologies Ltd (SHRIPISTON.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

+18.3%

₹5,141.73

vs ₹4,347.30 price

Levered DCF

₹4,663.98

After debt service

Piotroski score

4 / 9

Average

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	24.05×	16.07×	19.48×	7.56×	9.49×	20.06×	12.22×	16.62×
P/B	4.58×	3.4×	4.48×	1.48×	1.26×	1.55×	0.83×	2.18×
P/S	2.98×	2.33×	2.83×	0.88×	0.78×	1.13×	0.57×	1.2×
EV / EBITDA	14.79×	10.3×	11.35×	5.04×	5.14×	8.09×	4.99×	7.55×
Gross margin	37.6%	48.8%	49.8%	47.3%	50.6%	52.8%	52.1%	53.1%
Operating margin	16.3%	17.3%	17.6%	14.3%	10.1%	7.3%	5.0%	10.5%
Net margin	12.4%	14.5%	14.5%	11.4%	8.1%	5.6%	4.6%	7.2%
Current ratio	1.71×	2.48×	2.43×	2.51×	2.31×	2.1×	1.95×	2.07×
Debt / equity	0.68×	0.21×	0.25×	0.22×	0.12×	0.13×	0.13×	0.09×
Interest coverage	11.69×	17.73×	17.57×	18.96×	17.98×	9.14×	6.39×	14.45×
Dividend yield	0.3%	0.5%	0.4%	1.4%	0.8%	0.8%	3.7%	1.2%
Payout ratio	8.0%	8.7%	7.5%	10.5%	8.1%	15.1%	45.3%	19.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.0%	21.2%	23.0%	19.2%	13.0%	7.7%	6.8%	13.1%
Return on invested capital	10.5%	14.7%	15.4%	14.1%	10.4%	6.3%	5.3%	10.9%
Return on assets	9.0%	13.6%	14.1%	12.4%	8.8%	5.2%	4.7%	8.8%
Free cash flow yield	3.5%	3.3%	3.9%	11.9%	9.9%	8.1%	13.9%	0.4%
Earnings yield	4.2%	6.2%	5.1%	13.0%	10.4%	5.0%	8.2%	6.0%
Enterprise value	₹142.2B	₹86.1B	₹82.4B	₹25.6B	₹17.1B	₹19B	₹10B	₹24B
Net debt / EBITDA	0.97×	0.56×	-0.52×	0.6×	0.41×	0.5×	0.55×	0.3×
Cash conversion cycle (days)	71	81	74	75	78	73	88	101