Sportking India Limited (SPORTKING.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

-0.2%

₹187.61

vs ₹188.03 price

Levered DCF

₹112.99

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

4.17

Safe zone

Rating

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	11.96×	9.53×	14.94×	6.51×	3.35×	16.31×	118.51×	61.15×
P/B	1.28×	1.04×	1.16×	0.96×	1.78×	3.94×	5.83×	6.12×
P/S	0.57×	0.41×	0.44×	0.4×	0.65×	1.09×	1.09×	1.28×
EV / EBITDA	6.33×	5.61×	8.33×	5.14×	3.1×	9.51×	16.2×	16.35×
Gross margin	15.7%	24.1%	12.3%	25.1%	35.7%	26.0%	31.6%	33.1%
Operating margin	7.7%	18.5%	5.0%	9.0%	24.0%	11.6%	5.8%	6.7%
Net margin	4.8%	4.3%	3.0%	6.1%	19.5%	6.5%	0.9%	2.1%
Current ratio	3.25×	2.63×	1.85×	2.63×	1.7×	1.31×	1.12×	0.85×
Debt / equity	0.42×	0.58×	0.97×	0.53×	0.7×	1.41×	2.27×	2.1×
Interest coverage	4.24×	9.27×	2.26×	9.8×	21.47×	4.81×	1.45×	1.95×
Dividend yield	0.9%	0.6%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	10.8%	6.0%	0.0%	0.0%	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	10.7%	10.9%	7.8%	14.7%	53.3%	23.7%	4.9%	10.0%
Return on invested capital	8.8%	20.8%	4.8%	9.6%	28.4%	12.1%	6.2%	6.4%
Return on assets	6.9%	6.2%	3.6%	8.4%	26.3%	8.2%	1.3%	2.2%
Free cash flow yield	11.8%	33.1%	-32.6%	18.2%	1.2%	7.0%	0.3%	-0.7%
Earnings yield	8.4%	10.5%	6.7%	15.4%	29.9%	6.0%	0.8%	1.6%
Enterprise value	₹19B	₹16.3B	₹19.2B	₹13.2B	₹19.1B	₹19.1B	₹20.4B	₹19.7B
Net debt / EBITDA	1.57×	2.02×	3.79×	1.8×	0.87×	2.5×	4.54×	4.18×
Cash conversion cycle (days)	131	135	173	113	179	133	117	143