SRG Housing Finance Limited (SRGHFL.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

+788.1%

₹888.13

vs ₹100.00 price

Levered DCF

-₹12,118.30

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B-

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	11.71×	19.39×	16.68×	19.01×	15.95×	17.21×	18.04×	22.14×
P/B	1.28×	1.79×	2.24×	2.43×	2.85×	3.46×	4.33×	5.72×
P/S	1.91×	3.34×	2.84×	3.88×	4.43×	4.82×	5×	5.94×
EV / EBITDA	26.48×	27.75×	26.08×	28.87×	23.79×	23.12×	22.59×	28.09×
Gross margin	55.2%	33.3%	59.9%	36.2%	41.5%	40.3%	39.0%	46.1%
Operating margin	20.1%	20.3%	35.5%	25.0%	33.4%	33.3%	34.1%	35.2%
Net margin	16.3%	17.2%	16.7%	20.4%	27.8%	28.0%	27.7%	26.9%
Current ratio	0×	1.17×	1.14×	0.8×	1.1×	0×	0.94×	0.6×
Debt / equity	2.89×	2.26×	3.16×	3.07×	3.01×	3.07×	3.31×	4.5×
Interest coverage	0×	0.46×	40.87×	27.79×	196.17×	113.25×	69.04×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	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	10.9%	9.2%	13.2%	12.8%	17.9%	20.1%	24.0%	25.8%
Return on invested capital	2.8%	2.7%	4.5%	3.3%	4.7%	3.7%	5.4%	4.5%
Return on assets	2.8%	2.8%	3.1%	3.3%	4.9%	4.8%	5.4%	4.6%
Free cash flow yield	9.3%	-28.6%	-40.2%	-27.7%	-0.4%	-9.0%	7.0%	-20.8%
Earnings yield	8.5%	5.2%	5.9%	5.3%	6.3%	5.8%	5.5%	4.5%
Enterprise value	₹12.2B	₹10.5B	₹8.6B	₹7.3B	₹6.6B	₹6B	₹5.6B	₹5.6B
Net debt / EBITDA	18.21×	15.29×	15.21×	16.03×	12.14×	10.64×	9.59×	11.9×
Cash conversion cycle (days)	0	-8	287	344	310	302	15	12