Star Delta Transformers Limited (STARDELTA.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

-3616.9%

-₹16,487.35

vs ₹468.80 price

Levered DCF

-₹5,999.67

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

C+

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	11.21×	16.91×	16.48×	7.29×	8.21×	13.71×	5.57×	7.17×
P/B	1.39×	2.13×	2.48×	0.67×	0.53×	0.46×	0.48×	0.85×
P/S	0.77×	1.27×	1.31×	0.59×	1×	1.12×	0.37×	0.37×
EV / EBITDA	7.9×	10.97×	10.68×	4.84×	3.4×	5.72×	3.18×	4.29×
Gross margin	21.0%	18.6%	-11.7%	-2.2%	15.7%	22.0%	25.0%	12.2%
Operating margin	9.4%	9.8%	9.0%	6.7%	9.8%	-4.7%	6.2%	7.5%
Net margin	6.9%	7.5%	7.9%	8.1%	12.2%	8.2%	6.7%	5.2%
Current ratio	5.91×	14.87×	7×	3.56×	22.18×	16.23×	13.42×	4.47×
Debt / equity	0.11×	0.03×	0.03×	0.04×	0.02×	0.02×	0.03×	0.06×
Interest coverage	10.78×	14.61×	9.15×	7.34×	12.38×	-4.21×	9.94×	8.05×
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	12.4%	12.6%	15.1%	9.2%	6.4%	3.3%	8.5%	11.9%
Return on invested capital	11.2%	11.5%	12.2%	5.4%	3.5%	-1.4%	5.9%	11.8%
Return on assets	10.1%	11.3%	13.0%	6.7%	6.1%	3.1%	7.8%	9.1%
Free cash flow yield	-10.6%	1.0%	-3.8%	-40.0%	8.7%	-12.5%	-1.4%	21.4%
Earnings yield	8.9%	5.9%	6.1%	13.7%	12.2%	7.3%	18.0%	14.0%
Enterprise value	₹1.4B	₹1.8B	₹1.8B	₹441.5M	₹207.3M	₹199.6M	₹211.5M	₹386.8M
Net debt / EBITDA	0.59×	-0.24×	-0.04×	0.24×	-1.52×	-1.22×	-0.49×	-0.17×
Cash conversion cycle (days)	204	190	162	279	507	722	224	151