3P Land Holdings Limited (3PLAND.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

+156.1%

₹80.40

vs ₹31.40 price

Levered DCF

₹9.59

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

2.53

Grey 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	24.38×	32.57×	28.3×	23.65×	22.66×	-113.76×	1.73×	-100.91×
P/B	0.51×	0.49×	0.52×	0.55×	0.39×	0.33×	0.22×	0.64×
P/S	11.38×	15.17×	14.38×	14.33×	12.66×	11.18×	4.85×	10.84×
EV / EBITDA	17.77×	24.27×	20.32×	16.87×	14.59×	16.6×	1.5×	22×
Gross margin	89.5%	100.0%	88.7%	73.1%	84.4%	45.6%	100.0%	100.0%
Operating margin	62.3%	61.1%	79.2%	95.1%	82.0%	62.4%	61.2%	66.9%
Net margin	46.7%	46.6%	50.8%	60.8%	56.0%	-9.8%	280.1%	-10.9%
Current ratio	133.84×	957.48×	965.56×	18,085.78×	11,122.75×	6,647.17×	5,822.9×	0.99×
Debt / equity	0×	0×	0×	0×	0×	0.02×	0.01×	0.08×
Interest coverage	0×	0×	0×	0×	0×	6.47×	6.04×	0.91×
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	2.1%	1.5%	1.8%	2.3%	1.7%	-0.3%	12.6%	-0.6%
Return on invested capital	1.9%	1.4%	2.0%	2.7%	1.8%	-2.8%	2.5%	1.6%
Return on assets	1.9%	1.4%	1.7%	2.3%	1.7%	-0.3%	12.6%	-0.6%
Free cash flow yield	0.1%	1.7%	0.2%	0.0%	-0.3%	0.0%	-13.4%	-2.3%
Earnings yield	4.1%	3.1%	3.5%	4.2%	4.4%	-0.9%	57.8%	-1.0%
Enterprise value	₹529.5M	₹679M	₹509.8M	₹361M	₹260.4M	₹163.4M	₹64.1M	₹221.9M
Net debt / EBITDA	-0.07×	-0.06×	-0.07×	-0.04×	-0.03×	0.87×	0.01×	2.19×
Cash conversion cycle (days)	1,719	1,605	1,913	2,410	-55,055	3,328	3,173	288