Shyam Metalics and Energy Limited (SHYAMMETL.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

-135.5%

-₹436.23

vs ₹1,230.30 price

Levered DCF

-₹166.49

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.2

Safe zone

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	20.24×	26.31×	15.7×	7.95×	5.26×	10.42×	25.83×	30.81×
P/B	1.88×	2.27×	1.68×	0.92×	1.55×	2.42×	3.11×	4.75×
P/S	1.17×	1.6×	1.24×	0.53×	0.87×	1.4×	2.01×	1.91×
EV / EBITDA	8.89×	12.11×	10×	4.94×	3.59×	6.73×	15.12×	10.21×
Gross margin	20.5%	23.5%	24.4%	25.3%	34.8%	34.3%	32.1%	33.7%
Operating margin	7.9%	7.7%	7.0%	8.8%	22.0%	16.7%	8.7%	17.6%
Net margin	5.8%	6.0%	7.9%	6.8%	16.6%	13.4%	7.8%	13.1%
Current ratio	1×	1.2×	1.39×	1.19×	2.17×	1.91×	1.62×	1.46×
Debt / equity	0.09×	0.07×	0.06×	0.16×	0.09×	0.22×	0.39×	0.23×
Interest coverage	7.58×	8.08×	6.95×	11.91×	98.25×	16.9×	4.61×	21.99×
Dividend yield	0.5%	0.6%	0.3%	1.7%	2.0%	0.5%	0.0%	0.0%
Payout ratio	10.5%	15.2%	4.5%	13.4%	10.6%	5.1%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.3%	8.6%	10.7%	11.7%	29.6%	23.2%	12.0%	32.6%
Return on invested capital	7.7%	6.9%	8.4%	10.1%	24.8%	18.0%	8.9%	27.1%
Return on assets	5.3%	5.6%	7.2%	7.3%	20.5%	15.6%	6.7%	22.3%
Free cash flow yield	-3.2%	-0.8%	-0.6%	-5.8%	6.9%	7.9%	-7.5%	1.1%
Earnings yield	4.9%	3.8%	6.4%	12.7%	19.0%	9.6%	3.9%	6.9%
Enterprise value	₹225.6B	₹247.1B	₹168.1B	₹77.9B	₹95.2B	₹94.2B	₹98.7B	₹92.2B
Net debt / EBITDA	0.35×	0.35×	0.33×	0.69×	0.17×	0.45×	1.66×	0.48×
Cash conversion cycle (days)	9	21	36	65	105	134	185	35