Automobile Corporation of Goa Limited (ACGL.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

-350.3%

-₹4,365.38

vs ₹1,743.90 price

Levered DCF

₹2,730.78

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

Safe zone

Rating

A+

Overall 4 / 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	12.67×	16.92×	35.95×	15.72×	166.19×	-19.81×	18.58×	17.47×
P/B	2.87×	3.11×	6.3×	2.26×	3.38×	1.49×	1.02×	1.73×
P/S	0.95×	1.19×	2.42×	0.89×	2.03×	2.14×	0.56×	0.88×
EV / EBITDA	7.74×	16.02×	25.18×	12.16×	72.35×	-12.65×	9.38×	9.76×
Gross margin	23.3%	29.8%	9.0%	23.3%	3.5%	-15.9%	4.9%	28.6%
Operating margin	8.6%	22.3%	6.7%	5.3%	0.8%	-22.5%	2.4%	24.1%
Net margin	7.5%	7.1%	6.7%	5.6%	1.2%	-10.8%	3.0%	5.0%
Current ratio	2.66×	2.01×	2.21×	2.06×	2.07×	2.8×	2.84×	2.99×
Debt / equity	0.03×	0.34×	0.29×	0.37×	0.25×	0.1×	0×	0×
Interest coverage	623.95×	1,637.77×	448.29×	318.48×	24.37×	-233.1×	42.18×	692.65×
Dividend yield	1.7%	1.5%	0.9%	0.4%	0.0%	1.2%	7.2%	3.7%
Payout ratio	21.8%	26.1%	31.7%	5.5%	0.0%	-24.3%	134.0%	64.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	22.6%	18.4%	17.5%	14.4%	2.0%	-7.5%	5.5%	9.9%
Return on invested capital	17.9%	31.2%	9.7%	7.2%	1.0%	-10.5%	3.1%	29.5%
Return on assets	15.2%	10.0%	10.3%	8.3%	1.2%	-5.3%	3.8%	7.0%
Free cash flow yield	12.7%	-0.8%	4.0%	-1.8%	-5.1%	-8.2%	10.9%	-1.7%
Earnings yield	7.9%	5.9%	2.8%	6.4%	0.6%	-5.0%	5.4%	5.7%
Enterprise value	₹7.7B	₹8.4B	₹14.1B	₹5.1B	₹6.1B	₹2.6B	₹1.8B	₹3.6B
Net debt / EBITDA	-1.12×	0.95×	0.6×	1.7×	4.39×	-0.82×	-0.49×	-0.05×
Cash conversion cycle (days)	4	43	128	139	194	392	127	133