AVG Logistics Limited (AVG.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

-6.7%

₹156.72

vs ₹168.00 price

Levered DCF

-₹290.32

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

B-

Overall 3 / 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	8.62×	17.23×	22.24×	24.56×	98.78×	-31.85×	5.95×	8.55×
P/B	0.83×	1.47×	3.45×	2.21×	1.17×	0.7×	0.42×	1.18×
P/S	0.4×	0.66×	1.44×	0.47×	0.22×	0.17×	0.1×	0.26×
EV / EBITDA	5.38×	5.9×	8.43×	9.33×	9.47×	11.7×	4.5×	5.31×
Gross margin	87.3%	88.0%	85.4%	17.5%	12.6%	88.7%	10.9%	11.5%
Operating margin	7.3%	9.5%	9.8%	9.2%	5.2%	2.1%	4.4%	6.3%
Net margin	4.7%	3.9%	6.7%	2.0%	0.2%	-0.5%	1.7%	3.0%
Current ratio	1.97×	1.73×	1.72×	1.16×	1.35×	1.25×	1.26×	1.47×
Debt / equity	0.81×	0.89×	1.1×	2.96×	3.53×	1.51×	1.08×	1.06×
Interest coverage	1.3×	2.02×	1.67×	1.27×	1.06×	0.7×	1.5×	2.63×
Dividend yield	0.8%	0.2%	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	6.9%	3.7%	1.4%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.7%	8.6%	16.0%	9.3%	1.2%	-2.2%	7.0%	13.8%
Return on invested capital	6.1%	8.1%	8.4%	7.8%	6.1%	2.7%	6.4%	10.1%
Return on assets	4.8%	4.3%	7.1%	2.0%	0.2%	-0.7%	2.5%	5.4%
Free cash flow yield	-11.2%	-0.2%	-7.3%	10.2%	6.3%	-38.2%	2.6%	-43.2%
Earnings yield	11.6%	5.9%	4.6%	4.2%	1.0%	-3.1%	16.8%	11.7%
Enterprise value	₹4.4B	₹5.8B	₹9.1B	₹4.6B	₹3.8B	₹1.7B	₹1.1B	₹1.5B
Net debt / EBITDA	2.6×	2.21×	2.03×	5.33×	7.11×	7.88×	3.2×	2.47×
Cash conversion cycle (days)	71	40	57	82	65	-61	71	80