AWL Agri Business Limited (AWL.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

-169.3%

-₹113.89

vs ₹164.37 price

Levered DCF

₹215.24

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

3.74

Safe zone

Rating

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	22.08×	28.13×	298.42×	90.59×	75.02×	42.11×	66.56×	92.82×
P/B	2.2×	3.66×	5.31×	6.46×	7.93×	9.3×	11.93×	16.52×
P/S	0.31×	0.54×	0.86×	0.91×	1.11×	0.83×	1.03×	1.21×
EV / EBITDA	11.41×	14.35×	44.3×	47.73×	33.53×	25.38×	22.11×	29.62×
Gross margin	9.0%	11.7%	11.5%	9.0%	9.9%	12.3%	14.3%	12.8%
Operating margin	2.5%	10.3%	10.0%	7.9%	8.8%	10.7%	12.6%	11.4%
Net margin	1.4%	1.9%	0.3%	1.0%	1.5%	2.0%	1.6%	1.3%
Current ratio	1.26×	1.25×	1.22×	1.24×	1.21×	1.04×	1×	0.96×
Debt / equity	0.78×	0.21×	0.82×	0.29×	0.36×	0.93×	0.94×	0.9×
Interest coverage	2.68×	9.03×	8.06×	8.7×	14.52×	12.32×	8.92×	9.35×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	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	10.0%	13.0%	1.8%	7.1%	10.6%	22.1%	17.9%	17.8%
Return on invested capital	7.0%	39.2%	19.7%	28.3%	33.1%	50.0%	45.6%	45.9%
Return on assets	4.2%	5.5%	0.7%	2.8%	3.8%	5.5%	3.9%	3.2%
Free cash flow yield	7.2%	3.3%	-1.5%	-0.0%	1.0%	1.5%	0.5%	2.3%
Earnings yield	4.5%	3.6%	0.3%	1.1%	1.3%	2.4%	1.5%	1.1%
Enterprise value	₹294.2B	₹358.5B	₹507.1B	₹547.5B	₹629B	₹336.5B	₹327.2B	₹367B
Net debt / EBITDA	2.48×	0.56×	5.72×	1.75×	1.37×	2.26×	1.39×	1.48×
Cash conversion cycle (days)	40	53	51	52	63	18	-51	-15