Signet Industries Limited (SIGIND.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

-126.4%

-₹15.31

vs ₹58.00 price

Levered DCF

-₹62.81

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.14

Grey zone

Rating

C-

Overall 1 / 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	8.16×	9.37×	13.01×	7.76×	14.29×	6.52×	4.21×	8.44×
P/B	0.53×	0.67×	0.89×	0.48×	0.58×	0.47×	0.27×	0.68×
P/S	0.1×	0.13×	0.16×	0.1×	0.13×	0.11×	0.05×	0.12×
EV / EBITDA	6.06×	6.02×	6.26×	5.62×	7.06×	6.02×	4.35×	4.57×
Gross margin	12.4%	15.6%	14.2%	14.8%	14.4%	14.2%	15.0%	9.7%
Operating margin	6.6%	6.7%	6.1%	6.0%	6.1%	6.6%	7.0%	6.7%
Net margin	1.2%	1.3%	1.3%	1.3%	0.9%	1.7%	1.3%	1.4%
Current ratio	1.26×	1.32×	1.37×	1.39×	1.42×	1.37×	1.32×	1.27×
Debt / equity	1.86×	1.66×	1.53×	1.5×	1.58×	1.56×	1.38×	1.19×
Interest coverage	1.42×	1.34×	1.32×	1.38×	1.24×	1.18×	1.39×	1.48×
Dividend yield	1.4%	1.2%	0.9%	1.9%	1.6%	2.1%	4.6%	2.0%
Payout ratio	11.4%	11.8%	11.9%	14.1%	22.3%	13.2%	18.8%	16.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.5%	6.7%	7.0%	6.3%	4.2%	7.4%	6.7%	8.2%
Return on invested capital	8.5%	8.8%	8.8%	7.9%	7.3%	11.1%	9.7%	10.4%
Return on assets	1.7%	1.8%	2.0%	1.8%	1.1%	1.9%	1.8%	2.1%
Free cash flow yield	-55.7%	7.6%	12.1%	44.0%	22.0%	-9.4%	20.1%	67.1%
Earnings yield	12.3%	10.0%	7.9%	13.3%	7.3%	15.8%	24.5%	12.2%
Enterprise value	₹5.8B	₹5.4B	₹5.3B	₹4.1B	₹4.2B	₹3.8B	₹2.8B	₹3.1B
Net debt / EBITDA	4.67×	4.29×	3.95×	4.26×	5.16×	4.6×	3.6×	2.9×
Cash conversion cycle (days)	141	138	141	144	168	159	118	87