S&T Corporation Limited (STCORP.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

-384.7%

-₹12.67

vs ₹4.45 price

Levered DCF

-₹13.95

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

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	5,742.86×	419.84×	-554.38×	884.2×	170.52×	370.32×	13,773.08×	-331.3×
P/B	0.98×	1.3×	6.53×	8.69×	8.78×	9.26×	9.5×	9.51×
P/S	5.5×	97.33×	9,965.04×	184.6×	115.37×	121.87×	101.76×	200.54×
EV / EBITDA	946.76×	392.89×	-260.17×	784.77×	162.49×	171.12×	830.1×	637.16×
Gross margin	7.4%	83.8%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Operating margin	-7.4%	-85.7%	-4181.2%	62.6%	68.8%	91.8%	86.9%	79.1%
Net margin	0.1%	23.2%	-1796.5%	20.9%	68.8%	32.9%	0.7%	-60.5%
Current ratio	-130.62×	127.89×	1×	1.05×	5.05×	3.46×	24.94×	24.51×
Debt / equity	0.5×	0.52×	0.25×	0.1×	0.01×	0.01×	0.09×	0.05×
Interest coverage	-287.83×	-494×	-507.71×	1,288×	3,401×	2,159.77×	0×	0×
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	0.0%	0.3%	-1.2%	1.0%	5.2%	2.5%	0.1%	-2.9%
Return on invested capital	-0.7%	-0.6%	-2.2%	2.7%	5.2%	6.9%	5.8%	3.6%
Return on assets	0.0%	0.2%	-0.9%	0.9%	5.2%	2.5%	0.1%	-2.7%
Free cash flow yield	-3.6%	8.1%	-2.7%	-2.7%	10.4%	0.3%	-0.9%	-0.1%
Earnings yield	0.0%	0.2%	-0.2%	0.1%	0.6%	0.3%	0.0%	-0.3%
Enterprise value	₹191.2M	₹229.1M	₹879.1M	₹1.1B	₹1.1B	₹1.1B	₹1.2B	₹1.1B
Net debt / EBITDA	313.29×	104.06×	-9.5×	6.7×	0.04×	-0.11×	7.8×	2.89×
Cash conversion cycle (days)	437	22,092	138,133	660	290	149	0	0