Signatureglobal (India) Limited (SIGNATURE.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

-38.0%

₹435.13

vs ₹701.40 price

Levered DCF

₹359.78

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

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	9.17×	149.67×	1,086.76×	-100.78×	-55.38×	-74.93×	-111.57×	146.5×
P/B	5.43×	20.82×	28.11×	135.53×	-18.29×	-31.15×	-69.23×	46.17×
P/S	3.87×	6.09×	14.43×	4.17×	7.3×	87.06×	26.69×	6.59×
EV / EBITDA	7.33×	93.5×	397.46×	230.21×	-118.27×	-309.14×	-307.09×	55.44×
Gross margin	14.9%	23.2%	20.4%	18.7%	7.1%	9.7%	22.3%	19.3%
Operating margin	-3.1%	1.2%	-1.8%	3.0%	-8.9%	-123.6%	-10.8%	14.7%
Net margin	42.2%	4.1%	1.3%	-4.1%	-13.2%	-116.2%	-23.9%	4.3%
Current ratio	1.16×	1.18×	1.24×	1.23×	1.04×	1.14×	1.07×	1.5×
Debt / equity	1.61×	3.29×	3.09×	36.27×	-3.32×	-5.74×	-10.54×	7.43×
Interest coverage	-1.32×	0.6×	-0.74×	0.64×	-1.14×	-1.28×	-1.37×	0×
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	59.2%	13.9%	2.6%	-134.3%	33.1%	41.6%	62.0%	30.2%
Return on invested capital	-1.4%	0.9%	-0.9%	2.6%	-7.1%	-7.4%	-2.0%	8.7%
Return on assets	6.3%	0.8%	0.2%	-1.1%	-2.6%	-2.3%	-2.0%	2.7%
Free cash flow yield	-1.0%	3.0%	0.3%	-4.6%	1.8%	-0.3%	0.1%	-2.5%
Earnings yield	10.9%	0.7%	0.1%	-1.0%	-1.8%	-1.3%	-0.9%	0.7%
Enterprise value	₹102.8B	₹160.3B	₹189.4B	₹76.1B	₹73.8B	₹73.8B	₹72.9B	₹62.5B
Net debt / EBITDA	0.17×	5.23×	27.76×	35.42×	-14.97×	-39.4×	-35.49×	7.1×
Cash conversion cycle (days)	1,255	1,365	2,096	1,012	1,169	13,407	-71	363