Sunflag Iron and Steel Company Limited (SUNFLAG.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

-30.6%

₹271.04

vs ₹390.55 price

Levered DCF

₹199.36

After debt service

Piotroski score

5 / 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	17.28×	26.23×	24.9×	2.38×	5.23×	8.03×	4.74×	7.96×
P/B	0.39×	0.49×	0.69×	0.8×	0.65×	0.74×	0.31×	0.93×
P/S	0.89×	1.2×	1.05×	0.76×	0.42×	0.6×	0.25×	0.39×
EV / EBITDA	7.8×	11.63×	10.78×	1.98×	4.21×	5.37×	4.49×	4.93×
Gross margin	30.3%	30.7%	18.9%	20.6%	23.1%	23.7%	20.7%	22.4%
Operating margin	9.2%	8.1%	15.5%	10.8%	12.2%	9.9%	7.2%	9.1%
Net margin	5.1%	4.6%	4.2%	32.0%	8.1%	7.4%	5.2%	4.9%
Current ratio	1.47×	1.49×	1.45×	1.56×	1.53×	2.07×	1.56×	1.52×
Debt / equity	0.06×	0.07×	0.14×	0.18×	0.34×	0.18×	0.28×	0.37×
Interest coverage	5.04×	3.17×	5.46×	4.64×	7.81×	6.36×	3.07×	5.23×
Dividend yield	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%	2.5%	1.0%
Payout ratio	6.6%	0.0%	0.0%	0.0%	0.0%	0.0%	11.8%	8.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	2.3%	1.8%	2.8%	33.4%	12.4%	9.2%	6.6%	11.7%
Return on invested capital	2.3%	2.1%	6.5%	6.7%	9.8%	7.8%	6.2%	9.6%
Return on assets	1.8%	1.4%	2.0%	22.6%	7.0%	5.9%	3.8%	6.2%
Free cash flow yield	6.0%	0.9%	3.3%	4.1%	-26.0%	15.0%	17.1%	5.2%
Earnings yield	5.8%	3.8%	4.0%	42.0%	19.1%	12.5%	21.1%	12.6%
Enterprise value	₹37.9B	₹47.2B	₹41.1B	₹32.6B	₹17.1B	₹13.8B	₹8.2B	₹12.3B
Net debt / EBITDA	0.61×	1.15×	1.4×	0.36×	1.41×	0.97×	2.09×	1.41×
Cash conversion cycle (days)	89	105	78	83	105	109	112	107