Alphageo (India) Limited (ALPHAGEO.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

-11.9%

₹211.48

vs ₹240.00 price

Levered DCF

₹358.16

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 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	-7.66×	-24.15×	559.33×	9.8×	16.16×	17.53×	-9.07×	6.94×
P/B	0.42×	0.55×	0.76×	0.45×	0.73×	0.43×	0.31×	1.15×
P/S	0.95×	1.17×	2.15×	1.93×	1.27×	0.79×	0.3×	0.78×
EV / EBITDA	1.05×	7.31×	8.58×	2.52×	2.32×	1.46×	1.46×	2.25×
Gross margin	-15.6%	-4.6%	7.3%	23.6%	22.4%	14.9%	17.3%	24.5%
Operating margin	-22.0%	-14.0%	-0.2%	-8.6%	8.7%	1.0%	8.9%	17.4%
Net margin	-12.4%	-4.9%	0.4%	19.7%	7.9%	4.5%	-3.3%	11.2%
Current ratio	4.81×	4.86×	15.61×	32.99×	6.13×	4.65×	3.27×	2.4×
Debt / equity	0×	0×	0×	0×	0×	0×	0.1×	0.1×
Interest coverage	-75.52×	-51.33×	-0.83×	-10.45×	12.17×	0.74×	9.12×	23.23×
Dividend yield	4.8%	3.4%	2.4%	4.0%	2.6%	0.0%	15.4%	1.9%
Payout ratio	-36.6%	-83.3%	1344.2%	39.2%	41.8%	0.0%	-140.0%	13.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	-5.5%	-2.3%	0.1%	4.6%	4.5%	2.5%	-3.4%	16.5%
Return on invested capital	-7.2%	-4.7%	-0.0%	-1.5%	3.4%	0.4%	8.6%	14.5%
Return on assets	-4.7%	-2.0%	0.1%	4.5%	3.9%	2.1%	-2.7%	11.4%
Free cash flow yield	19.5%	-21.9%	-7.6%	-3.1%	37.1%	5.3%	-28.1%	31.9%
Earnings yield	-13.1%	-4.1%	0.2%	10.2%	6.2%	5.7%	-11.0%	14.4%
Enterprise value	-₹87.3M	₹470.2M	₹1.6B	₹779.7M	₹894M	₹560.1M	₹338.9M	₹2.4B
Net debt / EBITDA	13.84×	-15.64×	-3.07×	-1.6×	-2.79×	-1.49×	-1.96×	-0.73×
Cash conversion cycle (days)	93	139	184	175	113	191	74	56