Starsource Multitrade Limited (STARSOURCE.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

-88.4%

₹13.21

vs ₹114.00 price

Levered DCF

-₹28.41

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

D+

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	-1.47×	55.75×	8.53×	124.69×	11.07×	10.69×	2.35×	7.68×
P/B	13.48×	1.45×	0.8×	0.51×	0.54×	0.24×	0.24×	0.15×
P/S	31.64×	30.76×	5.57×	19.98×	7.85×	4.88×	0.98×	1.93×
EV / EBITDA	-1.47×	16.77×	5.83×	55×	20.7×	1.28×	0×	-5.28×
Gross margin	31.5%	99.6%	100.0%	99.8%	99.9%	99.6%	99.8%	99.5%
Operating margin	15.3%	95.3%	89.4%	71.0%	77.1%	75.3%	50.9%	71.9%
Net margin	-2157.2%	55.2%	65.3%	16.0%	71.0%	45.6%	41.7%	25.1%
Current ratio	3.5×	52.7×	35.1×	306.67×	58.17×	187.53×	40.32×	93.39×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	19.35×	0×	5,504.63×	0×	8,956.6×
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	-919.2%	2.6%	9.4%	0.4%	4.8%	2.3%	10.1%	2.0%
Return on invested capital	6.5%	3.1%	9.4%	1.2%	5.3%	3.0%	4.0%	4.6%
Return on assets	-654.3%	2.6%	9.2%	0.4%	4.8%	2.3%	3.8%	2.0%
Free cash flow yield	-61.1%	-1.5%	7.1%	-11.6%	-5.3%	-15.3%	495.6%	-344.9%
Earnings yield	-68.2%	1.8%	11.7%	0.8%	9.0%	9.3%	42.6%	13.0%
Enterprise value	₹173.7M	₹84.4M	₹96.4M	₹53.4M	₹55.1M	₹5.1M	-₹78.3M	-₹13.8M
Net debt / EBITDA	0×	-21.1×	-0.37×	-5.72×	-2.58×	-5.51×	0×	-11.37×
Cash conversion cycle (days)	-139	0	0	0	0	8	0	0