Sindhu Trade Links Limited (SINDHUTRAD.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

-88.3%

₹2.32

vs ₹19.82 price

Levered DCF

-₹0.34

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

3.65

Safe zone

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	77.11×	102.47×	77.43×	9,096.15×	-181.92×	-147.81×	-78.83×	0×
P/B	2.53×	1.67×	2.94×	2.74×	3.06×	3.08×	3.01×	0×
P/S	8.45×	1.55×	2.61×	3.1×	3.6×	4.09×	3.21×	0×
EV / EBITDA	201.59×	9.03×	18.61×	25.96×	39.03×	40.32×	40.4×	0×
Gross margin	11.7%	32.7%	23.7%	20.6%	22.7%	15.2%	12.5%	0.0%
Operating margin	2.1%	-16.4%	5.1%	3.4%	7.3%	1.7%	7.4%	0.0%
Net margin	7.9%	1.5%	3.4%	0.0%	-1.9%	-2.8%	-4.1%	0.0%
Current ratio	4.84×	2.18×	1.26×	0.66×	0.73×	0.68×	0.61×	0.84×
Debt / equity	0.26×	0.23×	0.68×	1.23×	1.3×	1.1×	1.06×	0×
Interest coverage	0.22×	-2.35×	0.6×	0.25×	0.44×	0.1×	0.59×	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	2.4%	1.6%	3.8%	0.0%	-1.7%	-2.1%	-3.8%	0.0%
Return on invested capital	0.3%	-8.1%	1.9%	-0.2%	1.9%	0.4%	2.1%	0.0%
Return on assets	1.4%	0.9%	1.2%	0.0%	-0.4%	-0.6%	-1.0%	0.0%
Free cash flow yield	-0.3%	-7.5%	13.8%	-4.4%	2.6%	-2.0%	5.8%	0.0%
Earnings yield	0.9%	1.0%	1.3%	0.0%	-0.5%	-0.7%	-1.3%	0.0%
Enterprise value	₹48.5B	₹30.4B	₹53.1B	₹52.5B	₹51.8B	₹49.4B	₹49.2B	-₹217.9M
Net debt / EBITDA	17.38×	1.04×	3.19×	7.92×	11.54×	10.57×	10.44×	0×
Cash conversion cycle (days)	452	118	34	172	137	148	29	0