Sugal & Damani Share Brokers Limited (SUGALDAM.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

+1398.8%

₹974.21

vs ₹65.00 price

Levered DCF

-₹62.81

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

10.37

Safe zone

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	8.68×	6.19×	7×	9.5×	6.62×	-12.98×	1.82×	3.78×
P/B	1.2×	1.14×	0.76×	0.49×	0.5×	0.28×	0.2×	0.47×
P/S	1.82×	1.16×	3.31×	7.36×	4.86×	1.52×	0.54×	2.09×
EV / EBITDA	6.32×	4.33×	5.55×	6.64×	4.88×	-17.06×	-0.71×	1.46×
Gross margin	30.0%	24.9%	54.8%	37.8%	65.9%	40.7%	29.5%	24.9%
Operating margin	25.6%	22.4%	42.9%	15.0%	53.2%	24.6%	85.3%	10.5%
Net margin	21.0%	18.7%	47.3%	77.6%	73.2%	-11.8%	29.7%	55.2%
Current ratio	5.44×	3.21×	4.03×	6.88×	10.53×	8.83×	1.38×	1.78×
Debt / equity	0.02×	0.06×	0.18×	0.06×	0×	0×	0×	0×
Interest coverage	90.51×	42.51×	3.57×	20.78×	5,146.04×	2.28×	8.23×	0.66×
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	13.8%	18.3%	10.9%	5.1%	7.5%	-2.2%	11.2%	12.3%
Return on invested capital	12.3%	15.4%	6.4%	0.6%	4.1%	4.5%	23.5%	1.8%
Return on assets	12.5%	14.5%	8.4%	4.5%	6.9%	-1.9%	5.8%	6.3%
Free cash flow yield	21.5%	45.6%	-38.7%	-126.4%	77.9%	-106.9%	116.0%	-38.1%
Earnings yield	11.5%	16.2%	14.3%	10.5%	15.1%	-7.7%	55.0%	26.4%
Enterprise value	₹359.3M	₹282.4M	₹200.4M	₹102.2M	₹89.3M	-₹20.4M	-₹23.5M	₹43.2M
Net debt / EBITDA	0.02×	-0.18×	1.07×	0.62×	-0.07×	-55.82×	-1.78×	-0.91×
Cash conversion cycle (days)	155	127	2,442	-622	-727	-260	-336	328