Sonam Limited (SONAMLTD.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

-64.7%

₹25.42

vs ₹72.01 price

Levered DCF

₹140.32

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

5.95

Safe zone

Rating

A-

Overall 4 / 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	29.46×	26.78×	28.84×	19.95×	21.22×	17.78×	13.65×	9.49×
P/B	3.02×	2.69×	2.81×	1.53×	1.5×	1.38×	1.39×	1.41×
P/S	1.26×	1.63×	1.82×	0.97×	0.83×	0.77×	0.65×	0.54×
EV / EBITDA	15.98×	13.95×	14.51×	11.9×	11.79×	11.83×	9.39×	6.35×
Gross margin	15.0%	23.1%	27.3%	22.4%	23.1%	20.2%	30.7%	34.6%
Operating margin	6.8%	9.0%	19.9%	8.2%	6.8%	7.8%	9.1%	9.8%
Net margin	4.3%	6.1%	6.3%	4.9%	3.9%	4.3%	4.8%	5.7%
Current ratio	1.57×	1.62×	1.58×	1.37×	1.3×	1.49×	1.4×	1.5×
Debt / equity	0.3×	0.29×	0.39×	0.49×	0.62×	0.66×	0.86×	0.56×
Interest coverage	6.37×	4.56×	6.95×	2.98×	2.74×	3.5×	3.15×	4.69×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	2.6%	1.7%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	35.1%	16.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	10.2%	10.1%	9.7%	7.7%	7.0%	7.8%	10.3%	14.8%
Return on invested capital	8.5%	8.0%	15.6%	6.7%	5.8%	6.3%	7.2%	11.2%
Return on assets	6.4%	6.5%	6.4%	4.7%	3.7%	4.1%	4.7%	7.6%
Free cash flow yield	2.0%	5.1%	4.0%	8.0%	2.2%	-5.3%	-22.1%	1.7%
Earnings yield	3.4%	3.7%	3.5%	5.0%	4.7%	5.6%	7.4%	10.5%
Enterprise value	₹2.4B	₹1.9B	₹1.8B	₹1.1B	₹1B	₹902.8M	₹625.3M	₹490.8M
Net debt / EBITDA	1.42×	1.34×	1.76×	2.9×	3.43×	3.81×	3.56×	1.8×
Cash conversion cycle (days)	73	126	131	136	124	125	164	167