TVS Srichakra Limited (TVSSRICHAK.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

-214.1%

-₹4,786.53

vs ₹4,194.60 price

Levered DCF

-₹4,714.38

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

2.44

Grey zone

Rating

D+

Overall 1 / 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	34.52×	96.39×	27.44×	24.99×	28.15×	18.39×	8.3×	16.37×
P/B	2.07×	1.68×	2.66×	1.88×	1.26×	1.65×	0.92×	2.31×
P/S	0.67×	0.61×	1.01×	0.65×	0.48×	0.7×	0.33×	0.7×
EV / EBITDA	10.82×	13.04×	12.87×	10.95×	10.53×	6.65×	4.54×	7.63×
Gross margin	26.3%	25.5%	18.9%	40.8%	37.9%	43.8%	40.1%	36.8%
Operating margin	3.8%	2.9%	6.8%	4.9%	3.7%	6.6%	5.5%	7.5%
Net margin	2.0%	0.6%	3.7%	2.6%	1.7%	3.8%	3.9%	4.3%
Current ratio	0.88×	0.93×	1.06×	1.06×	1.3×	1.27×	1.19×	1.05×
Debt / equity	0.64×	0.75×	0.76×	0.64×	0.63×	0.25×	0.47×	0.59×
Interest coverage	2.71×	1.77×	4.13×	3.3×	2.71×	3.8×	2.94×	5.12×
Dividend yield	0.5%	1.8%	0.8%	0.6%	1.9%	0.0%	8.1%	2.2%
Payout ratio	18.2%	175.9%	22.7%	16.0%	52.8%	0.0%	67.4%	35.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	6.0%	1.7%	9.7%	7.5%	4.5%	9.0%	11.1%	14.1%
Return on invested capital	4.4%	2.4%	7.2%	6.3%	3.9%	8.3%	8.9%	9.3%
Return on assets	2.3%	0.7%	4.0%	3.2%	1.8%	4.6%	5.1%	5.7%
Free cash flow yield	5.7%	-0.5%	-0.8%	-0.1%	-28.4%	15.4%	23.3%	-4.2%
Earnings yield	2.9%	1.0%	3.6%	4.0%	3.6%	5.4%	12.1%	6.1%
Enterprise value	₹32B	₹28.6B	₹37.9B	₹26B	₹18.2B	₹15.6B	₹10.3B	₹21B
Net debt / EBITDA	2.51×	3.98×	2.81×	2.74×	3.47×	0.86×	1.53×	1.52×
Cash conversion cycle (days)	71	83	98	105	128	95	101	98