Subhash Silk Mills Limited (SUBSM.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

-100.6%

-₹0.25

vs ₹42.00 price

Levered DCF

-₹0.75

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	-21.5×	-168.1×	21.68×	42×	35.91×	18.14×	-20×	673.08×
P/B	1.73×	3.61×	0.95×	0.59×	0.68×	0.58×	0.63×	0.61×
P/S	538.01×	1,306.9×	3.5×	1,083.6×	523.67×	490.99×	1,930.63×	113.15×
EV / EBITDA	-101.34×	68.98×	7.65×	6.29×	5.88×	4.88×	7.05×	7.61×
Gross margin	-2938.2%	-3218.3%	79.6%	24.4%	2.0%	30.4%	25.7%	24.5%
Operating margin	-6408.5%	-8445.8%	67.7%	31232.4%	14744.6%	-14170.6%	-58003.4%	-3317.2%
Net margin	-2502.3%	-776.8%	16.2%	2607.0%	1473.0%	2718.2%	-9701.7%	16.8%
Current ratio	0.36×	2.97×	5.7×	4.76×	4.65×	4.44×	4.99×	4.27×
Debt / equity	0.05×	0.05×	0.08×	0.06×	0.06×	0.12×	0.17×	0.17×
Interest coverage	-64.08×	-53.9×	29.63×	21.51×	19.98×	-9.84×	-10.6×	-7.07×
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	-8.0%	-2.1%	4.4%	1.4%	1.9%	3.2%	-3.2%	0.1%
Return on invested capital	-16.2%	-18.8%	8.7%	4.8%	4.7%	-6.4%	12.4%	-0.7%
Return on assets	-5.9%	-1.6%	3.2%	1.0%	1.3%	2.1%	-1.9%	0.1%
Free cash flow yield	-2.3%	-0.2%	8.6%	4.6%	6.4%	12.8%	4.2%	-5.5%
Earnings yield	-4.7%	-0.6%	4.6%	2.4%	2.8%	5.5%	-5.0%	0.1%
Enterprise value	₹169.4M	₹372.2M	₹100.5M	₹59.8M	₹67.5M	₹60.1M	₹69M	₹70.7M
Net debt / EBITDA	-2.88×	0.19×	0.02×	0.11×	0.04×	0.32×	0.99×	1.22×
Cash conversion cycle (days)	1,807	30,810	445	208,801	74,672	70,979	260,146	7,252