AGS Transact Technologies Limited (AGSTRA.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

+4817.6%

₹104.74

vs ₹2.13 price

Levered DCF

₹81.80

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

0.52

Distress 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	-10.66×	15.11×	-14.46×	34.86×	23.01×	28.86×	503.28×	-88.49×
P/B	1.85×	1.04×	2.47×	3.42×	3.83×	4.49×	4.75×	4.83×
P/S	0.58×	0.33×	0.67×	1.09×	1.06×	1.06×	1.3×	1.46×
EV / EBITDA	9.05×	4.11×	5.19×	6.17×	6.24×	6.82×	11.32×	17.23×
Gross margin	33.2%	33.2%	29.4%	70.9%	25.2%	72.2%	53.1%	72.0%
Operating margin	69.4%	10.2%	9.5%	10.3%	13.5%	11.3%	6.1%	4.1%
Net margin	-5.4%	2.2%	-4.7%	3.1%	4.6%	3.7%	0.3%	-1.6%
Current ratio	1.1×	1.27×	1.05×	1.4×	0.84×	0.85×	0.96×	0.84×
Debt / equity	2.43×	2.3×	2.29×	2.9×	2.32×	2.6×	1.43×	1.67×
Interest coverage	6.91×	1.19×	0.67×	1.37×	1.95×	1.49×	1.27×	0.87×
Dividend yield	0.0%	0.0%	1.0%	0.0%	0.8%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	-14.6%	0.0%	17.3%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Return on equity	-17.3%	6.9%	-17.1%	9.8%	16.6%	15.6%	0.9%	-5.5%
Return on invested capital	40.6%	6.1%	10.4%	5.5%	9.9%	11.0%	1.6%	5.0%
Return on assets	-3.8%	1.6%	-3.5%	1.9%	3.7%	3.2%	0.2%	-1.5%
Free cash flow yield	34.8%	25.1%	20.0%	14.8%	11.3%	16.9%	-2.2%	-0.3%
Earnings yield	-9.4%	6.6%	-6.9%	2.9%	4.3%	3.5%	0.2%	-1.1%
Enterprise value	₹19.4B	₹17.7B	₹22.7B	₹29.4B	₹30.5B	₹29.8B	₹24.6B	₹25.4B
Net debt / EBITDA	5.07×	2.81×	2.46×	2.16×	2.33×	2.45×	2.53×	4.33×
Cash conversion cycle (days)	91	110	103	-75	-13	8	61	75