SSPDL Limited (SSPDL.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

-343.0%

-₹35.65

vs ₹14.67 price

Levered DCF

₹251.36

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

0.03

Distress zone

Rating

C-

Overall 1 / 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	2.08×	-10.02×	-6.87×	-2.54×	-4.24×	-1.27×	-1.9×	-1×
P/B	1.64×	9.61×	4.91×	3.23×	-4.83×	34.79×	1.23×	0.74×
P/S	0.55×	6.51×	1×	0.51×	0.97×	3.63×	4.53×	0.68×
EV / EBITDA	3.38×	152.04×	-76.21×	-17.01×	40.84×	-23.09×	-9.11×	-2.84×
Gross margin	69.0%	-33.1%	-11.1%	-16.4%	17.6%	55.5%	-54.7%	-59.1%
Operating margin	54.7%	-107.0%	-41.6%	-28.1%	5.2%	-11.1%	-160.8%	-73.1%
Net margin	26.5%	-64.8%	-14.6%	-19.9%	-23.0%	-285.6%	-238.2%	-68.0%
Current ratio	0.76×	0.74×	0.83×	0.9×	0.88×	0.94×	0.97×	1.02×
Debt / equity	4.33×	23.49×	11.53×	7.16×	-16.38×	87.3×	2.68×	1.6×
Interest coverage	5.51×	-1.5×	-4.49×	-2.9×	0.17×	-0.12×	-1.38×	-4.68×
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	78.7%	-95.7%	-71.5%	-126.8%	113.9%	-2735.8%	-64.6%	-74.4%
Return on invested capital	17.5%	-6.4%	-16.3%	-22.0%	1.7%	-1.2%	-10.8%	-23.9%
Return on assets	9.8%	-2.6%	-3.6%	-8.5%	-3.1%	-10.1%	-6.1%	-11.6%
Free cash flow yield	89.7%	54.3%	26.0%	110.4%	-32.9%	-24.5%	6.3%	-16.5%
Earnings yield	48.1%	-10.0%	-14.6%	-39.3%	-23.6%	-78.6%	-52.6%	-99.9%
Enterprise value	₹544.7M	₹625.3M	₹639M	₹699.4M	₹898.6M	₹763.5M	₹669.9M	₹646.6M
Net debt / EBITDA	2.41×	104.63×	-52.97×	-11.67×	30.85×	-16.44×	-6.12×	-1.87×
Cash conversion cycle (days)	1,392	2,760	756	405	2,024	13,941	5,766	837