FGP Limited (FGP.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

-1072.0%

-₹99.34

vs ₹10.22 price

Levered DCF

-₹134.01

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

D+

Overall 1 / 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	173.67×	-300×	31.18×	-7.97×	10.14×	772.73×	-1.57×	8.49×
P/B	3.63×	2.94×	2.4×	2.05×	2.46×	0.68×	-0.07×	0.84×
P/S	6.3×	42.63×	41.41×	38.48×	68.42×	11.83×	7.43×	28.04×
EV / EBITDA	-25.93×	-36.75×	-15.82×	-9.04×	-16.6×	-2.75×	-2.69×	13.63×
Gross margin	-0.3%	-2.5%	-73.6%	-133.9%	-92.8%	-191.1%	-38.7%	0.0%
Operating margin	-0.8%	-5.2%	-263.6%	-139.1%	-106.5%	-191.1%	-269.2%	-65.2%
Net margin	3.7%	-14.2%	132.8%	-482.8%	670.8%	1.5%	-476.0%	329.8%
Current ratio	19.77×	21.37×	21.42×	20.97×	29.85×	11.86×	21.36×	24.69×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	0×	0×	0×	0×	-11.16×
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	2.1%	-1.0%	7.7%	-25.7%	24.2%	0.1%	4.7%	9.9%
Return on invested capital	-0.4%	8.0%	-14.7%	-8.1%	-3.3%	-11.0%	-23.3%	-1.9%
Return on assets	1.9%	-0.9%	7.1%	-23.3%	23.3%	0.1%	-39.3%	9.5%
Free cash flow yield	3.1%	-2.7%	-12.7%	-1.4%	-6.9%	-30.5%	-36.1%	2.4%
Earnings yield	0.6%	-0.3%	3.2%	-12.5%	9.8%	0.1%	-64.1%	11.8%
Enterprise value	₹123.7M	₹98.2M	₹80.7M	₹63.6M	₹96.3M	₹19.8M	₹18.4M	₹35.2M
Net debt / EBITDA	0.05×	0.09×	0.08×	0.03×	0.03×	0.06×	0.15×	-0.05×
Cash conversion cycle (days)	-32	-217	-150	-101	-111	-151	-105	0