S.J.S. Enterprises Limited (SJS.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

-10.3%

₹1,945.36

vs ₹2,169.20 price

Levered DCF

₹1,970.90

After debt service

Piotroski score

5 / 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	28.71×	23.42×	22.21×	17.92×	22.63×	32.52×	37.63×	41.31×
P/B	5.65×	4.18×	3.42×	2.81×	3.45×	4.93×	5.55×	6.51×
P/S	5.13×	3.72×	3×	2.79×	3.37×	6.18×	7.19×	6.55×
EV / EBITDA	17.92×	13.98×	12.21×	10.5×	12.72×	19.28×	22.5×	24.34×
Gross margin	55.5%	25.2%	25.2%	25.8%	25.9%	31.3%	30.4%	33.5%
Operating margin	23.0%	20.0%	18.8%	19.9%	20.2%	25.4%	24.1%	25.4%
Net margin	17.9%	15.5%	13.5%	15.5%	14.9%	19.0%	19.1%	15.8%
Current ratio	2.95×	2.88×	2.03×	3.43×	3.27×	3.7×	3.87×	2.47×
Debt / equity	0.03×	0.05×	0.15×	0.07×	0.08×	0.03×	0.02×	0.1×
Interest coverage	50.71×	25.09×	13.42×	34.09×	21.74×	64.65×	30.76×	30.32×
Dividend yield	0.2%	0.2%	0.0%	0.0%	0.9%	0.8%	0.0%	0.0%
Payout ratio	4.6%	5.3%	0.0%	0.0%	20.2%	25.5%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.7%	17.4%	15.4%	15.7%	15.3%	15.2%	14.8%	15.8%
Return on invested capital	17.8%	15.6%	13.2%	13.5%	13.9%	14.1%	13.3%	15.6%
Return on assets	15.3%	13.5%	10.7%	12.5%	12.0%	12.3%	12.4%	12.4%
Free cash flow yield	2.9%	4.4%	4.2%	4.7%	3.8%	3.1%	2.7%	-0.6%
Earnings yield	3.5%	4.2%	4.5%	5.6%	4.4%	3.1%	2.7%	2.4%
Enterprise value	₹49B	₹28.5B	₹19.6B	₹12.3B	₹12.6B	₹15.4B	₹15.5B	₹15.7B
Net debt / EBITDA	-0.02×	0.08×	0.45×	0.19×	0.14×	-0.16×	-0.07×	0.32×
Cash conversion cycle (days)	82	84	103	88	101	80	92	127