Swasti Vinayaka Art and Heritage Corporation Limited (SVARTCORP.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

-710.8%

-₹19.36

vs ₹3.17 price

Levered DCF

₹47.52

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	4.94×	15.35×	18.61×	7.18×	15.12×	7×	8×	9×
P/B	0.91×	1.34×	1.57×	1.06×	1.37×	0.85×	0.78×	1.11×
P/S	0.87×	1.88×	3.07×	1.66×	2.31×	1.48×	0.99×	1.5×
EV / EBITDA	3.15×	10.32×	10.35×	5.89×	10.04×	5.81×	6.21×	6.86×
Gross margin	68.3%	67.3%	93.6%	96.0%	96.5%	98.2%	95.0%	94.3%
Operating margin	27.7%	19.8%	28.8%	34.7%	25.6%	36.6%	27.6%	23.0%
Net margin	17.6%	12.3%	16.5%	23.1%	15.3%	21.0%	12.7%	16.5%
Current ratio	23,282.75×	6.21×	27.96×	9.09×	4.37×	5.94×	3×	3.96×
Debt / equity	0.26×	0.52×	0.61×	0.37×	0.42×	0.55×	0.72×	0.64×
Interest coverage	6.13×	2.06×	2.56×	5.65×	3.24×	3.32×	2.81×	2.79×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	8.5%	5.9%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	66.5%	53.3%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	18.4%	8.7%	8.4%	14.7%	9.1%	11.9%	10.0%	12.2%
Return on invested capital	13.3%	6.3%	5.7%	9.4%	6.0%	7.6%	6.8%	5.8%
Return on assets	11.1%	4.5%	4.3%	8.0%	4.5%	5.5%	4.1%	5.7%
Free cash flow yield	58.3%	-5.6%	7.0%	2.6%	8.4%	14.7%	22.0%	-2.9%
Earnings yield	20.2%	6.5%	5.4%	13.9%	6.6%	14.1%	12.8%	11.0%
Enterprise value	₹291.7M	₹494.2M	₹437.3M	₹283.2M	₹302.8M	₹207.8M	₹179.7M	₹213.8M
Net debt / EBITDA	0.05×	2.9×	1.34×	1.52×	2.35×	2.29×	2.97×	2.5×
Cash conversion cycle (days)	524	1,197	7,819	12,067	16,335	34,359	11,101	9,594