Snowman Logistics Limited (SNOWMAN.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

-199.7%

-₹33.37

vs ₹33.46 price

Levered DCF

₹34.95

After debt service

Piotroski score

9 / 9

Strong

Altman Z-score

1.99

Grey zone

Rating

B-

Overall 3 / 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	153.5×	102.7×	97.37×	40×	305.5×	12,166.67×	-35.06×	58.53×
P/B	1.26×	1.43×	2.96×	1.27×	1.21×	1.74×	1.25×	1.3×
P/S	0.84×	1.05×	2.46×	1.28×	1.78×	3.09×	2.19×	2.44×
EV / EBITDA	8.77×	9.43×	13.91×	8.23×	10.3×	13.45×	11.32×	10.57×
Gross margin	14.3%	14.8%	20.4%	22.9%	20.0%	25.9%	24.3%	26.2%
Operating margin	3.9%	4.7%	8.7%	8.7%	32.6%	6.8%	5.9%	8.3%
Net margin	0.5%	1.0%	2.5%	3.2%	0.6%	0.0%	-6.2%	4.2%
Current ratio	1.33×	1.3×	1.57×	1.76×	1.87×	2.53×	1.28×	0.95×
Debt / equity	0.78×	0.75×	0.66×	0.61×	0.63×	0.53×	0.48×	0.21×
Interest coverage	0.87×	1.07×	1.84×	1.63×	5.06×	0.94×	0.72×	1.88×
Dividend yield	1.6%	2.9%	1.4%	2.3%	0.0%	0.0%	0.0%	0.0%
Payout ratio	253.0%	293.6%	131.5%	93.6%	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	0.8%	1.4%	3.0%	3.2%	0.4%	0.0%	-3.6%	2.2%
Return on invested capital	-4.2%	3.5%	3.2%	3.3%	5.7%	0.1%	2.3%	3.2%
Return on assets	0.4%	0.7%	1.7%	1.8%	0.2%	0.0%	-2.3%	1.7%
Free cash flow yield	11.9%	-5.2%	4.2%	12.9%	-6.6%	5.4%	9.9%	6.9%
Earnings yield	0.7%	1.0%	1.0%	2.5%	0.3%	0.0%	-2.9%	1.7%
Enterprise value	₹8.1B	₹8.8B	₹15.1B	₹7.9B	₹7.6B	₹9.2B	₹7.3B	₹6.6B
Net debt / EBITDA	3.25×	3.23×	2.49×	2.66×	3.39×	2.77×	3.1×	1.46×
Cash conversion cycle (days)	29	42	38	35	-77	47	54	41