Swiss Military Consumer Goods (SWISSMLTRY.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

-199.9%

-₹12.37

vs ₹12.38 price

Levered DCF

₹46.91

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

6.31

Safe zone

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	40.69×	67.76×	71.58×	46.07×	104.4×	1,317.65×	-27.38×	-24.91×
P/B	2.25×	4.66×	8.14×	4.21×	17.62×	8.28×	1.32×	1.79×
P/S	1.18×	2.74×	3.16×	2.2×	5.27×	6.43×	1.33×	2.07×
EV / EBITDA	27.73×	46.13×	51.57×	32.19×	105.96×	1,057.7×	-25.99×	-25.19×
Gross margin	12.8%	16.9%	16.5%	17.7%	8.9%	9.4%	6.6%	-1.3%
Operating margin	3.8%	4.8%	6.0%	6.1%	4.6%	0.5%	-4.8%	-8.3%
Net margin	2.9%	4.0%	4.4%	4.8%	4.9%	0.5%	-4.8%	-8.3%
Current ratio	4.54×	5.87×	4.96×	10.78×	2.19×	46.62×	4.24×	49.04×
Debt / equity	0.12×	0.13×	0×	0.03×	0.41×	0×	0.28×	0×
Interest coverage	7.36×	25.5×	495.32×	0×	0×	0×	0×	0×
Dividend yield	0.0%	0.4%	0.5%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	26.9%	37.7%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	5.5%	6.8%	11.4%	9.1%	16.5%	0.6%	-4.8%	-7.2%
Return on invested capital	4.8%	5.4%	11.5%	8.9%	10.9%	0.6%	-4.8%	0.1%
Return on assets	4.2%	5.3%	9.1%	8.3%	10.3%	0.6%	-4.4%	-7.2%
Free cash flow yield	-0.1%	-8.5%	-0.4%	-5.8%	-3.3%	-2.7%	3.7%	-7.1%
Earnings yield	2.5%	1.5%	1.4%	2.2%	0.9%	0.1%	-3.6%	-4.0%
Enterprise value	₹2.9B	₹5.8B	₹5.9B	₹2.6B	₹2.9B	₹330M	₹48.6M	₹103.3M
Net debt / EBITDA	-1.82×	-1.51×	-0.26×	-3.16×	0.54×	-22.86×	2.64×	0.12×
Cash conversion cycle (days)	84	94	81	42	16	104	18	95