SM Auto Stamping Limited (SMAUTO.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

+28.6%

₹35.04

vs ₹27.25 price

Levered DCF

-₹2.25

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

3.47

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	7.04×	12.46×	19.84×	21.03×	18.42×	-42.07×	-26.52×	30.89×
P/B	0.91×	1.7×	3.65×	3.56×	3.86×	4.88×	3.25×	5.73×
P/S	0.33×	0.58×	1.05×	1.02×	1.28×	1.79×	1.17×	1.2×
EV / EBITDA	7.52×	7.02×	10.48×	11.11×	16.3×	38.84×	-58.48×	16.72×
Gross margin	10.9%	25.1%	13.1%	9.8%	10.7%	5.3%	1.3%	9.1%
Operating margin	4.1%	11.8%	7.6%	13.2%	7.2%	-0.6%	-4.2%	5.1%
Net margin	4.7%	4.7%	5.3%	4.8%	7.0%	-4.2%	-4.4%	3.9%
Current ratio	1.41×	1.23×	0.88×	0.89×	0.98×	0.89×	1.09×	1.02×
Debt / equity	0.29×	0.11×	0.28×	0.37×	0.49×	0.72×	0.93×	1.05×
Interest coverage	4×	9.44×	4.91×	7.16×	3×	-0.15×	-1.47×	2.19×
Dividend yield	0.0%	0.0%	0.0%	2.6%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	53.9%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	13.0%	13.9%	18.4%	16.9%	21.0%	-11.6%	-12.3%	18.5%
Return on invested capital	6.4%	22.5%	13.0%	23.1%	14.5%	-0.9%	-4.1%	8.8%
Return on assets	7.9%	9.0%	10.6%	9.0%	10.6%	-5.1%	-5.5%	5.8%
Free cash flow yield	-19.0%	-1.3%	5.1%	0.8%	1.6%	-2.5%	-5.0%	-0.7%
Earnings yield	14.2%	8.1%	5.0%	4.8%	5.4%	-2.4%	-3.8%	3.2%
Enterprise value	₹311.2M	₹408M	₹762.7M	₹769.8M	₹785.3M	₹800.3M	₹633.6M	₹823.8M
Net debt / EBITDA	1.82×	0.43×	0.75×	1.05×	1.83×	5×	-10.67×	2.57×
Cash conversion cycle (days)	50	26	37	-13	39	54	72	70