Sumedha Fiscal Services Limited (SUMEDHA.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

-157.8%

-₹23.39

vs ₹40.45 price

Levered DCF

₹79.92

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

Overall 3 / 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	10.48×	7.51×	5.02×	27.6×	15.91×	2.24×	-4.32×	3.46×
P/B	0.39×	0.85×	0.67×	0.83×	0.97×	0.41×	0.32×	0.37×
P/S	0.23×	0.53×	0.41×	0.71×	0.88×	0.97×	0.69×	0.84×
EV / EBITDA	7.91×	16.51×	3.73×	16.02×	8.34×	1.81×	-3.95×	0.89×
Gross margin	5.6%	100.0%	10.2%	102.3%	101.9%	60.8%	29.1%	60.0%
Operating margin	2.0%	94.8%	99.4%	1.0%	7.8%	84.2%	77.9%	77.2%
Net margin	2.2%	7.1%	8.3%	2.6%	5.5%	43.4%	-15.9%	24.3%
Current ratio	11.14×	9.22×	9.99×	9.41×	11.48×	103.7×	0.16×	34.73×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	207,384.54×	909.15×	468.01×	291.93×	136.15×	210.05×
Dividend yield	3.1%	1.5%	2.1%	1.9%	1.6%	2.4%	7.8%	6.2%
Payout ratio	33.0%	11.0%	10.4%	52.3%	26.1%	5.4%	-33.7%	21.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.7%	11.3%	13.3%	3.0%	6.1%	18.4%	-7.4%	10.6%
Return on invested capital	2.5%	118.4%	133.1%	0.9%	5.2%	30.4%	33.2%	24.7%
Return on assets	3.5%	10.7%	12.8%	2.9%	5.8%	17.9%	-6.9%	10.1%
Free cash flow yield	-15.5%	2.3%	5.2%	-1.7%	7.0%	-1.7%	-48.7%	19.0%
Earnings yield	9.5%	13.3%	19.9%	3.6%	6.3%	44.6%	-23.2%	28.9%
Enterprise value	₹240M	₹539.7M	₹370.9M	₹416.2M	₹472M	₹190.5M	₹99.6M	₹58.2M
Net debt / EBITDA	-0.46×	-0.22×	-0.13×	-0.21×	-0.26×	-0.03×	0.95×	-1.49×
Cash conversion cycle (days)	71	70	69	115	112	636	188	462