Sundaram Multi Pap Limited (SUNDARAM.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

+286.7%

₹3.79

vs ₹0.98 price

Levered DCF

₹2.17

After debt service

Piotroski score

3 / 9

Weak

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	16×	-18.45×	-25.91×	37.55×	44.85×	-6.32×	-19.33×	14.58×
P/B	0.56×	1.08×	1.42×	0.99×	1.85×	0.63×	0.52×	0.81×
P/S	0.37×	0.74×	1.04×	0.85×	2.49×	1.12×	0.54×	0.84×
EV / EBITDA	8.6×	62.48×	60.53×	12.51×	16.17×	101.42×	10.27×	7.89×
Gross margin	15.5%	26.6%	16.5%	24.9%	33.5%	20.0%	22.2%	26.9%
Operating margin	1.6%	-2.1%	0.1%	8.5%	11.4%	-7.7%	4.6%	12.1%
Net margin	2.3%	-4.0%	-4.0%	2.3%	5.6%	-17.5%	-2.8%	6.0%
Current ratio	2.93×	2.45×	3.61×	4.39×	2.49×	2.44×	2.65×	1.6×
Debt / equity	0.23×	0.31×	0.36×	0.35×	0.41×	0.49×	0.47×	0.42×
Interest coverage	1.44×	-1.02×	0.05×	2.21×	1.48×	-0.64×	0.45×	1.6×
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	3.5%	-5.8%	-5.5%	2.7%	4.1%	-9.7%	-2.7%	5.7%
Return on invested capital	2.0%	-2.4%	0.1%	7.2%	5.8%	-2.8%	3.0%	8.1%
Return on assets	2.7%	-4.2%	-3.8%	1.9%	2.7%	-6.0%	-1.7%	3.6%
Free cash flow yield	-16.0%	7.3%	2.6%	11.2%	2.8%	9.2%	4.6%	2.0%
Earnings yield	6.3%	-5.4%	-3.9%	2.7%	2.2%	-15.5%	-5.2%	7.1%
Enterprise value	₹719.3M	₹1.2B	₹1.6B	₹1.3B	₹2.1B	₹1B	₹977.4M	₹1.3B
Net debt / EBITDA	2.52×	12.51×	12.18×	3.1×	2.94×	44.42×	4.8×	2.7×
Cash conversion cycle (days)	163	159	153	175	317	358	240	236