Gokul Agro Resources Limited (GOKULAGRO.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

-14.1%

₹187.35

vs ₹218.19 price

Levered DCF

₹21.77

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

4.43

Safe zone

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	14.4×	7.29×	6.14×	5.6×	4.12×	2.98×	2.9×	7.07×
P/B	3.74×	1.73×	1.06×	1.14×	1.08×	0.39×	0.19×	0.33×
P/S	0.22×	0.09×	0.06×	0.07×	0.05×	0.02×	0.01×	0.02×
EV / EBITDA	7.89×	3.67×	4.39×	4.07×	3.28×	1.97×	2.63×	2.6×
Gross margin	4.4%	4.8%	4.1%	5.3%	4.5%	4.0%	5.1%	6.4%
Operating margin	2.6%	4.5%	3.7%	2.5%	1.9%	1.3%	2.1%	2.5%
Net margin	1.5%	1.3%	1.0%	1.2%	1.2%	0.5%	0.3%	0.2%
Current ratio	1.23×	1.17×	1.16×	1.31×	1.22×	1.12×	1.09×	1.05×
Debt / equity	0.41×	0.53×	0.77×	0.74×	0.65×	0.58×	0.91×	1.33×
Interest coverage	3.56×	4.79×	4.35×	3.53×	4.43×	2.17×	1.51×	1.42×
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	26.0%	23.7%	17.3%	20.4%	26.1%	12.9%	6.4%	4.6%
Return on invested capital	23.0%	41.1%	27.8%	18.0%	19.5%	13.8%	14.6%	16.1%
Return on assets	7.5%	6.0%	4.2%	6.2%	7.2%	2.9%	1.3%	0.8%
Free cash flow yield	4.6%	12.8%	4.5%	-29.3%	-3.5%	92.3%	134.3%	100.2%
Earnings yield	6.9%	13.7%	16.3%	17.9%	24.3%	33.6%	34.4%	14.1%
Enterprise value	₹53.4B	₹19.4B	₹13B	₹11.5B	₹6.9B	₹2.9B	₹2.9B	₹3.7B
Net debt / EBITDA	0.03×	0.28×	1.56×	1.43×	0.89×	1.07×	2.12×	2.06×
Cash conversion cycle (days)	4	2	0	5	3	-1	1	9