Swastika Investmart Limited (SWASTIKA.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

-102.8%

-₹3.27

vs ₹118.70 price

Levered DCF

₹36.05

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

1.56

Distress zone

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	7.42×	8.93×	81.39×	40.96×	28.51×	17.46×	130.32×	23.96×
P/B	0.71×	2.43×	12.56×	4.42×	5.64×	5.04×	3.38×	3.85×
P/S	0.88×	2.34×	10.16×	3.05×	3.79×	2.72×	1.74×	2.47×
EV / EBITDA	5.24×	7.77×	43.4×	22.34×	15.91×	11.09×	15.55×	12.49×
Gross margin	57.7%	76.5%	70.9%	26.2%	29.3%	32.9%	38.3%	30.5%
Operating margin	16.9%	29.2%	22.6%	13.2%	21.5%	24.0%	4.0%	14.4%
Net margin	11.8%	17.1%	12.5%	7.5%	13.3%	15.6%	1.3%	10.3%
Current ratio	27.7×	1.41×	1.26×	1.1×	1.23×	1.15×	0.86×	0.74×
Debt / equity	0.11×	0.05×	0.35×	0.54×	0.28×	0.65×	1.53×	1.69×
Interest coverage	2.33×	4.65×	3.84×	4.24×	6.44×	5.58×	7.72×	30.24×
Dividend yield	1.2%	0.2%	0.1%	0.2%	0.0%	0.3%	0.8%	0.3%
Payout ratio	9.2%	3.1%	4.7%	9.4%	0.2%	5.3%	100.9%	7.7%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.6%	17.7%	15.4%	10.8%	19.8%	28.8%	2.6%	16.1%
Return on invested capital	2.6%	21.1%	16.4%	10.7%	18.0%	20.7%	1.3%	6.1%
Return on assets	2.6%	5.7%	3.5%	2.9%	4.2%	5.4%	0.4%	2.7%
Free cash flow yield	109.6%	-7.7%	-2.3%	-8.6%	0.1%	0.9%	26.1%	-2.0%
Earnings yield	13.5%	7.3%	1.2%	2.4%	3.5%	5.7%	0.8%	4.2%
Enterprise value	₹1B	₹2.7B	₹10.2B	₹2.7B	₹2.8B	₹2B	₹472.8M	₹917M
Net debt / EBITDA	0.21×	-0.03×	0.68×	1.37×	-0.67×	0.37×	-14.27×	-2.58×
Cash conversion cycle (days)	-2,331	-1,300	-1,860	-407	-886	-533	-747	-799