Silicon Rental Solutions Ltd. (SRSOLTD.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

-1102.1%

-₹720.53

vs ₹71.90 price

Levered DCF

-₹912.00

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

6.5

Safe zone

Rating

A-

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
P/E	6.92×	17.5×	12.66×	11.53×	7.34×	31.94×	40×
P/B	0.64×	2.28×	2.6×	2.41×	4.41×	10.12×	14.81×
P/S	0.62×	2.27×	2.58×	3.39×	3.04×	6.27×	7.03×
EV / EBITDA	1.76×	4.48×	4.19×	4.05×	4.25×	9.18×	11.27×
Gross margin	15.7%	51.1%	72.9%	48.7%	66.5%	39.7%	38.2%
Operating margin	10.9%	17.7%	27.9%	41.0%	57.2%	27.6%	23.4%
Net margin	9.0%	12.9%	20.4%	29.4%	41.5%	19.7%	17.6%
Current ratio	7.87×	6.51×	4.04×	5.74×	1.5×	0.99×	0.87×
Debt / equity	0.05×	0.05×	0.09×	0.04×	0.98×	0.64×	0.62×
Interest coverage	76.56×	25.19×	36.86×	18.95×	36.1×	32.87×	1,248.17×
Dividend yield	1.6%	0.4%	0.6%	0.0%	0.0%	0.0%	0.0%
Payout ratio	11.2%	7.8%	8.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.3%	13.1%	20.5%	21.0%	60.1%	31.7%	37.0%
Return on invested capital	7.9%	12.1%	18.8%	20.7%	30.2%	19.4%	22.4%
Return on assets	8.2%	11.4%	16.7%	18.7%	24.4%	12.1%	12.2%
Free cash flow yield	-5.8%	-1.4%	-3.1%	-8.6%	-8.3%	1.0%	0.2%
Earnings yield	14.5%	5.7%	7.9%	8.7%	13.6%	3.1%	2.5%
Enterprise value	₹706.1M	₹2.1B	₹1.6B	₹1.2B	₹819.2M	₹883.4M	₹891.9M
Net debt / EBITDA	-0.01×	-0.52×	0.03×	-0.06×	0.36×	0.21×	0.37×
Cash conversion cycle (days)	148	106	153	79	83	121	140