Sundaram Brake Linings Limited (SUNDRMBRAK.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

-27.9%

₹454.34

vs ₹630.40 price

Levered DCF

₹1,297.02

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

Overall 2 / 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	71.33×	55.91×	26.83×	-23.31×	1,705.5×	23.02×	24.87×	17.65×
P/B	1.79×	2.91×	2.85×	1.3×	1.48×	1.53×	0.75×	1.52×
P/S	0.53×	0.82×	0.77×	0.32×	0.46×	0.59×	0.25×	0.44×
EV / EBITDA	17.74×	21.36×	14.31×	30.11×	17.55×	19.08×	8.33×	11.77×
Gross margin	31.6%	34.3%	13.3%	36.3%	38.4%	43.4%	47.9%	44.8%
Operating margin	0.6%	2.1%	2.0%	-1.3%	-2.1%	1.1%	0.8%	2.3%
Net margin	0.7%	1.5%	2.9%	-1.4%	0.0%	2.6%	1.0%	2.5%
Current ratio	1.39×	1.31×	1.35×	1.24×	1.28×	1.35×	1.42×	1.33×
Debt / equity	0.45×	0.56×	0.47×	0.59×	0.46×	0.33×	0.29×	0.41×
Interest coverage	0.69×	1.83×	1.72×	-0.97×	-2.35×	1.48×	0.85×	2.54×
Dividend yield	0.3%	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	23.0%	15.2%	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	2.5%	5.2%	10.6%	-5.6%	0.1%	6.7%	3.0%	8.6%
Return on invested capital	1.1%	3.8%	4.1%	-2.7%	-2.5%	1.9%	1.4%	4.7%
Return on assets	1.2%	2.3%	4.9%	-2.3%	0.0%	3.3%	1.4%	3.7%
Free cash flow yield	5.9%	-4.0%	3.3%	-4.2%	-7.3%	-5.9%	17.6%	-0.9%
Earnings yield	1.4%	1.8%	3.7%	-4.3%	0.1%	4.3%	4.0%	5.7%
Enterprise value	₹2.3B	₹3.4B	₹3.1B	₹1.6B	₹1.8B	₹1.7B	₹832.8M	₹1.5B
Net debt / EBITDA	3.53×	3.43×	2×	9.29×	4.13×	3.36×	2.07×	2.26×
Cash conversion cycle (days)	90	102	84	85	98	108	99	99