AA Plus Tradelink Limited (AAPLUSTRAD.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

-251.7%

-₹1.14

vs ₹0.75 price

Levered DCF

-₹20.59

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

3.8

Safe zone

Rating

—

Ratios by fiscal year

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

Metric	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
P/E	39.05×	1.35×	2.14×	4.16×	8.11×	7.32×	9.46×	17.46×
P/B	0.85×	0.05×	0.03×	0.06×	0.17×	0.17×	0.17×	0.18×
P/S	1.85×	0.03×	0.03×	0.07×	0.12×	0.06×	0.21×	0.04×
EV / EBITDA	27.23×	2.59×	7.31×	12.62×	-3.74×	-3.66×	-6.04×	-11.83×
Gross margin	2.9%	3.3%	7.0%	9.6%	1.8%	1.4%	0.7%	0.7%
Operating margin	-1.8%	-1.0%	4.4%	5.9%	-6.7%	-3.3%	-12.4%	-1.8%
Net margin	4.7%	2.6%	1.2%	1.6%	1.5%	0.9%	2.2%	0.3%
Current ratio	30.52×	2×	6.15×	2.86×	1.64×	2.38×	2.49×	1.82×
Debt / equity	0×	0.1×	0.15×	0.27×	0.19×	0.16×	0.41×	0.67×
Interest coverage	0×	0×	32,031.88×	0×	0×	0×	0×	0×
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	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Return on equity	2.2%	3.8%	1.6%	1.5%	2.1%	2.4%	1.8%	1.1%
Return on invested capital	-0.6%	-1.0%	3.3%	3.2%	-5.8%	-5.8%	-5.2%	-3.5%
Return on assets	2.1%	1.9%	1.3%	1.0%	0.8%	1.4%	1.1%	0.5%
Free cash flow yield	-74.1%	-33.4%	258.4%	-1076.2%	-96.8%	-157.7%	21.2%	-121.2%
Earnings yield	2.6%	74.1%	47.1%	23.8%	12.5%	13.7%	10.6%	5.8%
Enterprise value	₹359.7M	₹18.9M	₹23.6M	₹38.3M	₹21.5M	₹19.4M	₹32.9M	₹44.5M
Net debt / EBITDA	-0.82×	1.64×	5.96×	10.05×	-1.94×	-1.7×	-4.29×	-9.29×
Cash conversion cycle (days)	726	218	70	79	-166	-30	-42	16