AGI Greenpac Limited (AGI.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

+181.7%

₹1,777.78

vs ₹631.05 price

Levered DCF

₹1,636.19

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

2.75

Grey 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	9.25×	15.85×	19.9×	8.01×	9.9×	12.08×	6.02×	9.62×
P/B	1.35×	2.44×	2.76×	1.3×	1.38×	0.86×	0.23×	0.45×
P/S	1.22×	2.02×	2.08×	0.92×	1.36×	0.86×	0.16×	0.25×
EV / EBITDA	4.98×	8.21×	9.16×	5.32×	9.93×	7.01×	4.33×	8.87×
Gross margin	70.9%	59.2%	67.6%	66.6%	58.8%	18.6%	52.9%	52.0%
Operating margin	15.9%	18.2%	16.6%	57.2%	11.7%	13.1%	10.2%	7.2%
Net margin	13.2%	12.7%	10.5%	11.5%	13.7%	7.1%	2.6%	2.6%
Current ratio	1.51×	1.71×	1.55×	1.54×	1.84×	1.34×	1.45×	1.33×
Debt / equity	0.1×	0.26×	0.34×	0.46×	0.84×	0.74×	0.79×	0.78×
Interest coverage	8.83×	5.42×	4.58×	22.86×	5.87×	2.21×	2.71×	3.49×
Dividend yield	1.4%	0.8%	0.6%	1.5%	1.4%	2.0%	9.0%	4.3%
Payout ratio	12.8%	12.0%	12.9%	12.4%	13.5%	24.7%	54.1%	41.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	14.6%	15.4%	13.9%	16.3%	13.9%	7.1%	3.9%	4.6%
Return on invested capital	10.9%	11.9%	10.9%	41.0%	3.8%	5.1%	4.8%	4.1%
Return on assets	9.9%	9.2%	7.5%	8.4%	5.9%	3.1%	1.7%	2.0%
Free cash flow yield	5.4%	3.4%	6.3%	11.5%	-15.0%	16.8%	-9.1%	-1.5%
Earnings yield	10.8%	6.3%	5.0%	12.5%	10.1%	8.3%	16.6%	10.4%
Enterprise value	₹34.1B	₹56.3B	₹53.9B	₹26B	₹30.5B	₹19.7B	₹12.6B	₹17.9B
Net debt / EBITDA	0.23×	0.76×	0.66×	1.03×	3.69×	3.22×	3.33×	5.54×
Cash conversion cycle (days)	188	74	47	91	295	184	148	153