Singer India Limited (SINGER.BO) 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

-87.1%

₹11.68

vs ₹90.67 price

Levered DCF

₹12.20

After debt service

Piotroski score

3 / 9

Weak

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	29.17×	43.17×	121.77×	43.55×	40×	18.94×	11.42×	28.46×
P/B	2.09×	2.05×	3.81×	2.98×	3.99×	2.79×	1.44×	4.52×
P/S	0.67×	0.75×	1.3×	0.88×	0.68×	0.49×	0.21×	0.55×
EV / EBITDA	13.67×	23.77×	54.65×	146.06×	26.69×	9.15×	5.64×	18.42×
Gross margin	16.8%	28.5%	14.7%	15.1%	15.5%	16.9%	17.0%	23.5%
Operating margin	2.1%	0.8%	-0.1%	0.1%	1.9%	3.9%	2.7%	3.0%
Net margin	2.3%	1.7%	1.1%	1.8%	1.7%	2.6%	1.8%	1.9%
Current ratio	2.33×	2.81×	2.36×	2.51×	1.72×	1.63×	1.49×	1.4×
Debt / equity	0.03×	0.01×	0.01×	0.01×	0.04×	0.03×	0.31×	0.38×
Interest coverage	25×	6.99×	-1.08×	0.68×	7.06×	7.23×	4.45×	8.97×
Dividend yield	0.0%	0.0%	0.0%	1.3%	0.9%	1.3%	2.8%	2.3%
Payout ratio	0.2%	0.3%	0.2%	64.6%	35.0%	25.3%	31.8%	65.8%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.2%	4.6%	3.1%	6.1%	10.0%	14.7%	12.6%	15.9%
Return on invested capital	4.6%	1.5%	-0.3%	0.3%	8.3%	14.0%	9.2%	11.2%
Return on assets	4.4%	3.1%	1.8%	3.8%	4.4%	6.3%	4.8%	5.6%
Free cash flow yield	6.8%	-9.4%	0.2%	-0.5%	4.0%	14.0%	17.1%	-0.8%
Earnings yield	3.4%	2.3%	0.8%	2.1%	2.5%	5.3%	8.8%	3.5%
Enterprise value	₹2.9B	₹3B	₹5.1B	₹3.8B	₹2.9B	₹2B	₹1.1B	₹2.9B
Net debt / EBITDA	-3.65×	-2.02×	-4.63×	-9.07×	-1.91×	-0.27×	0.74×	1.28×
Cash conversion cycle (days)	53	101	55	51	49	47	53	53