The State Trading Corporation of India Limited (STCINDIA.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

-297.8%

-₹201.87

vs ₹102.03 price

Levered DCF

-₹197.73

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

-2.12

Distress zone

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	0.9×	25.27×	15.78×	12.91×	-6.71×	-8.85×	-1.63×	-0.94×
P/B	-0.15×	-0.14×	-0.17×	-0.09×	-0.12×	-0.1×	-0.04×	-0.18×
P/S	0×	0×	0×	0×	0×	1.81×	0.06×	0.09×
EV / EBITDA	-38.94×	51.42×	48.56×	62.75×	63.37×	-72.29×	-21.82×	-3.98×
Gross margin	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	0.3%	0.2%
Operating margin	0.0%	0.0%	0.0%	0.0%	0.0%	-42.0%	-4.0%	-1.6%
Net margin	0.0%	0.0%	0.0%	0.0%	0.0%	-20.5%	-3.9%	-9.9%
Current ratio	0.36×	0.34×	0.34×	0.33×	0.33×	0.07×	0.08×	0.16×
Debt / equity	-0.3×	-0.43×	-0.43×	-0.42×	-0.42×	-0.43×	-0.43×	-0.49×
Interest coverage	-22.16×	-23.87×	-21.92×	-23.77×	-67.49×	-53.62×	-16.15×	-0.93×
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	-16.4%	-0.5%	-1.1%	-0.7%	1.8%	1.1%	2.5%	19.6%
Return on invested capital	1.6%	0.9%	1.6%	1.5%	4.7%	6.6%	7.9%	10.2%
Return on assets	29.3%	1.0%	2.1%	1.4%	-3.8%	-2.1%	-4.6%	-31.4%
Free cash flow yield	10.1%	0.0%	-2.7%	-15.0%	0.8%	-43.9%	-242.0%	165.8%
Earnings yield	111.6%	4.0%	6.3%	7.7%	-14.9%	-11.3%	-61.4%	-106.8%
Enterprise value	₹17.6B	₹25.7B	₹25.9B	₹23.8B	₹25.3B	₹23.4B	₹21.5B	₹29.1B
Net debt / EBITDA	-26.05×	38.89×	33.42×	51.94×	48.79×	-58.53×	-19.93×	-2.85×
Cash conversion cycle (days)	0	0	-1,241,246	-1,342,061	-109,962	-23	-3	-3