Agi Infra Ltd. (AGIIL.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

+17.5%

₹305.49

vs ₹259.96 price

Levered DCF

₹46.60

After debt service

Piotroski score

—

Altman Z-score

—

Rating

D+

Overall 1 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	36.08×	6×	10.38×	22.47×	5.94×
P/B	7.36×	1.36×	2.41×	1.25×	1.72×
P/S	9.71×	1.23×	1.85×	0.9×	1.1×
EV / EBITDA	26.52×	4.96×	7.22×	3.51×	4.54×
Gross margin	33.6%	46.8%	43.0%	41.4%	44.0%
Operating margin	28.7%	23.1%	22.0%	21.9%	22.8%
Net margin	26.9%	20.5%	17.8%	20.0%	18.4%
Current ratio	1.31×	1.13×	1.03×	1.04×	1.06×
Debt / equity	0.4×	0.47×	0.61×	0.28×	0.33×
Interest coverage	6.78×	5.92×	8.83×	12.06×	9.65×
Dividend yield	0.0%	0.3%	0.1%	0.6%	0.6%
Payout ratio	0.0%	1.8%	1.2%	2.5%	3.4%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	20.4%	22.6%	23.2%	27.9%	28.9%
Return on invested capital	14.9%	15.6%	14.0%	21.2%	22.2%
Return on assets	6.0%	5.6%	4.8%	6.3%	6.0%
Free cash flow yield	-1.9%	-17.0%	5.1%	31.3%	31.3%
Earnings yield	2.8%	16.7%	9.6%	22.2%	16.8%
Enterprise value	₹35.2B	₹5.2B	₹6.1B	₹2.3B	₹2.4B
Net debt / EBITDA	0.72×	1.15×	0.83×	0.14×	0.42×
Cash conversion cycle (days)	1,654	1,702	1,432	1,320	1,447