Shriram Properties Limited (SHRIRAMPPS.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

-1063.5%

-₹632.26

vs ₹65.62 price

Levered DCF

₹320.57

After debt service

Piotroski score

4 / 9

Average

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	10.34×	16.23×	27.07×	15.68×	123.41×	-21.65×	-17.17×	29.38×
P/B	0.71×	0.92×	1.6×	0.86×	1.06×	1.76×	1.63×	1.51×
P/S	0.77×	1.52×	2.36×	1.53×	2.78×	3.46×	2.88×	2.39×
EV / EBITDA	8.65×	9.64×	16.48×	9.83×	10.47×	20.24×	29.62×	11.79×
Gross margin	32.0%	17.7%	33.0%	32.8%	56.9%	38.0%	31.4%	21.5%
Operating margin	12.3%	7.7%	18.1%	11.9%	34.3%	23.0%	9.9%	0.6%
Net margin	7.4%	9.4%	8.7%	9.8%	2.3%	-16.0%	-16.8%	8.1%
Current ratio	0.63×	1.46×	1.47×	1.37×	1.34×	1.2×	1.22×	1.34×
Debt / equity	0.42×	0.48×	0.51×	0.54×	0.48×	0.87×	0.82×	0.87×
Interest coverage	1.94×	0.61×	1.45×	0.75×	1.51×	0.79×	0.41×	0.03×
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	6.9%	5.7%	5.9%	5.5%	0.9%	-8.2%	-9.5%	5.1%
Return on invested capital	4.5%	2.8%	7.9%	4.1%	4.8%	6.1%	3.0%	0.1%
Return on assets	2.7%	2.0%	2.0%	1.8%	0.3%	-2.1%	-2.5%	1.5%
Free cash flow yield	-8.4%	2.0%	10.4%	-3.5%	10.3%	9.9%	7.6%	-14.9%
Earnings yield	9.7%	6.2%	3.7%	6.4%	0.8%	-4.6%	-5.8%	3.4%
Enterprise value	₹15.1B	₹17.3B	₹25.2B	₹15.8B	₹16.2B	₹21.3B	₹21.7B	₹22.9B
Net debt / EBITDA	2.67×	2.66×	3.12×	3.39×	2.72×	6.18×	9.48×	4.16×
Cash conversion cycle (days)	918	1,330	1,666	1,985	4,659	3,314	2,358	1,616