Supertex Industries Limited (SUPERTEX.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

+359.5%

₹27.21

vs ₹5.92 price

Levered DCF

₹14.31

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

B+

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	52.9×	-135.33×	131.24×	217.86×	72.36×	8.6×	2.41×	-27.27×
P/B	0.28×	0.36×	0.48×	0.38×	0.3×	0.16×	0.08×	0.12×
P/S	0.18×	0.15×	0.16×	0.17×	0.14×	0.08×	0.02×	0.04×
EV / EBITDA	7.39×	8.41×	8.57×	7.71×	7.88×	7.38×	5.56×	6.15×
Gross margin	12.7%	8.8%	11.5%	11.9%	12.1%	13.5%	8.6%	7.9%
Operating margin	6.2%	3.8%	3.5%	3.8%	3.3%	4.8%	1.9%	1.1%
Net margin	0.3%	-0.1%	0.1%	0.1%	0.2%	0.9%	0.8%	-0.1%
Current ratio	1.74×	1.55×	1.4×	1.55×	1.65×	1.5×	1.42×	1.62×
Debt / equity	0.71×	0.71×	0.78×	0.82×	0.79×	0.82×	0.77×	0.71×
Interest coverage	1.05×	1.07×	0.99×	0.74×	0.7×	1.21×	0.86×	0.47×
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	0.5%	-0.3%	0.4%	0.2%	0.4%	1.9%	3.4%	-0.4%
Return on invested capital	2.9%	-1.1%	2.0%	1.2%	2.7%	5.6%	4.7%	-0.2%
Return on assets	0.2%	-0.1%	0.1%	0.1%	0.2%	0.7%	1.2%	-0.2%
Free cash flow yield	4.2%	13.8%	32.9%	20.9%	49.8%	12.4%	-32.8%	-32.1%
Earnings yield	1.9%	-0.7%	0.8%	0.4%	1.3%	11.5%	41.6%	-3.5%
Enterprise value	₹290.1M	₹317.1M	₹366.8M	₹353M	₹320M	₹288.8M	₹245.6M	₹229.1M
Net debt / EBITDA	5.24×	5.54×	5.2×	5.23×	5.66×	6.13×	5.02×	5.24×
Cash conversion cycle (days)	232	155	130	175	155	191	87	113