AG Ventures Ltd. (AGVENTURES.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

-132.6%

-₹40.78

vs ₹125.20 price

Levered DCF

-₹54.88

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 2 / 5

Ratios by fiscal year

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

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	14.69×	38.38×	16.49×	13.68×	18.57×	11.6×	7.64×	15.33×
P/B	0.28×	0.43×	1.19×	1.1×	1.43×	1.72×	1.2×	2.82×
P/S	0.7×	1.07×	1.64×	1.25×	1.81×	2.41×	1.46×	2.69×
EV / EBITDA	12.2×	7.84×	44.85×	7.18×	10.86×	8.56×	6.23×	9.76×
Gross margin	20.3%	44.6%	59.9%	31.1%	31.9%	42.4%	37.1%	38.9%
Operating margin	3.4%	25.2%	44.2%	15.7%	14.5%	27.3%	22.6%	25.0%
Net margin	4.7%	2.8%	10.0%	9.1%	9.8%	20.8%	19.1%	17.6%
Current ratio	4.19×	6.95×	2.21×	2.13×	1.86×	2.52×	2.89×	2.26×
Debt / equity	0.11×	0.01×	0.22×	0.28×	0.34×	0.35×	0.33×	0.32×
Interest coverage	2.5×	37.69×	22.82×	7.77×	6.43×	10.38×	8.55×	11.65×
Dividend yield	0.9%	6.6%	1.9%	2.1%	2.1%	1.1%	2.6%	1.2%
Payout ratio	12.9%	253.3%	30.7%	28.8%	39.4%	12.6%	19.8%	18.2%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	1.9%	1.1%	7.2%	8.1%	7.7%	14.8%	15.7%	18.4%
Return on invested capital	1.1%	4.5%	18.0%	7.4%	5.7%	11.0%	11.6%	12.9%
Return on assets	1.4%	0.9%	5.2%	5.3%	4.9%	9.4%	10.2%	11.5%
Free cash flow yield	-99.9%	2.1%	10.0%	11.1%	0.1%	1.1%	10.4%	5.4%
Earnings yield	6.8%	2.6%	6.1%	7.3%	5.4%	8.6%	13.1%	6.5%
Enterprise value	₹944.8M	₹1.2B	₹9B	₹8.3B	₹9.9B	₹11B	₹6.9B	₹12.8B
Net debt / EBITDA	2.57×	0.01×	6.8×	1.42×	2.05×	1.41×	1.17×	0.96×
Cash conversion cycle (days)	66	65	146	100	116	115	103	120