Shubham Polyspin Limited (SHUBHAM.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

-118.1%

-₹4.72

vs ₹26.00 price

Levered DCF

₹6.03

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	61.85×	32.21×	27.99×	26.52×	32.68×	31.02×	59.03×	25.77×
P/B	3.72×	1.41×	1.57×	1.53×	1.63×	1.71×	1.7×	1.51×
P/S	1.24×	0.43×	0.49×	0.5×	0.42×	0.58×	0.67×	0.52×
EV / EBITDA	38.14×	9.46×	9.69×	9.03×	11.2×	10.37×	10.88×	9.67×
Gross margin	13.6%	17.4%	7.4%	6.6%	5.1%	9.3%	8.3%	9.3%
Operating margin	1.3%	-1.9%	1.0%	0.0%	0.4%	3.2%	4.9%	5.0%
Net margin	2.0%	1.3%	1.8%	1.9%	1.3%	1.9%	1.1%	2.0%
Current ratio	1.43×	1.54×	1.36×	1.25×	0.99×	1.22×	1.21×	1.2×
Debt / equity	0.49×	0.52×	0.59×	0.72×	0.96×	0.8×	0.83×	1.03×
Interest coverage	0.88×	-1.34×	0.58×	0×	0.2×	1.23×	1.52×	1.59×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	6.0%	4.4%	5.6%	5.8%	5.0%	5.5%	2.9%	5.8%
Return on invested capital	1.8%	-3.0%	1.4%	0.0%	0.4%	4.1%	4.7%	5.8%
Return on assets	3.6%	2.6%	3.1%	3.0%	2.2%	2.9%	1.4%	2.5%
Free cash flow yield	-2.6%	5.9%	17.1%	8.6%	-12.6%	7.2%	5.0%	-14.5%
Earnings yield	1.6%	3.1%	3.6%	3.8%	3.0%	3.2%	1.7%	3.9%
Enterprise value	₹713.3M	₹275.9M	₹310.2M	₹325.7M	₹350.4M	₹325.5M	₹329.7M	₹318.3M
Net debt / EBITDA	4.22×	1.69×	2.17×	2.88×	4.11×	3.3×	3.56×	3.85×
Cash conversion cycle (days)	58	49	53	69	58	92	107	94