Sinclairs Hotels Limited (SINCLAIR.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

+1.0%

₹75.26

vs ₹74.50 price

Levered DCF

₹97.75

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

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	41.26×	32.44×	34.63×	23.49×	104.96×	213.25×	79.03×	76.77×
P/B	3.08×	3.91×	6.63×	5.71×	6.65×	6.96×	7.05×	7.44×
P/S	6.31×	7.62×	12.74×	13.64×	24.68×	43.33×	16.47×	16.36×
EV / EBITDA	18.38×	19.33×	32.64×	34.1×	69.37×	174.72×	40.34×	41.43×
Gross margin	49.8%	65.3%	67.1%	63.0%	65.4%	63.2%	64.3%	69.1%
Operating margin	19.7%	22.8%	59.3%	59.8%	21.7%	-5.1%	22.3%	23.0%
Net margin	15.3%	23.5%	36.8%	58.1%	23.5%	20.3%	20.9%	21.3%
Current ratio	7.52×	10.75×	8.73×	11.13×	8.87×	13×	9.44×	8.85×
Debt / equity	0.28×	0.18×	0.09×	0.08×	0.09×	0.1×	0×	0×
Interest coverage	4.01×	8.16×	31.64×	29.08×	6.2×	-1.65×	0×	0×
Dividend yield	1.1%	1.1%	0.6%	0.4%	0.3%	0.3%	0.4%	0.3%
Payout ratio	45.3%	36.6%	19.8%	8.7%	31.3%	63.5%	35.2%	22.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.5%	12.1%	19.1%	24.3%	6.3%	3.3%	8.9%	9.7%
Return on invested capital	5.5%	7.5%	21.5%	17.8%	3.8%	-0.6%	7.1%	6.6%
Return on assets	5.4%	9.4%	15.9%	20.5%	5.3%	2.7%	8.0%	8.4%
Free cash flow yield	5.6%	1.8%	2.1%	1.6%	1.0%	0.4%	1.3%	0.6%
Earnings yield	2.4%	3.1%	2.9%	4.3%	1.0%	0.5%	1.3%	1.3%
Enterprise value	₹4.1B	₹4.7B	₹7.2B	₹7.4B	₹7.6B	₹7.6B	₹7.5B	₹7.5B
Net debt / EBITDA	1.52×	0.81×	0.41×	0.48×	0.92×	2.46×	-0.02×	-0.03×
Cash conversion cycle (days)	-12	-12	-30	-32	-48	-64	-23	-18