Nagreeka Exports Ltd (NAGREEKEXP.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

+30.7%

₹28.25

vs ₹21.61 price

Levered DCF

-₹14.70

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.25

Grey zone

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	18.57×	25.05×	10.23×	13.02×	7.47×	-2.3×	15.5×	9.12×
P/B	0.36×	0.51×	0.42×	0.36×	0.42×	0.19×	0.1×	0.25×
P/S	0.11×	0.15×	0.11×	0.1×	0.09×	0.05×	0.02×	0.05×
EV / EBITDA	10.68×	9.41×	8.69×	11.88×	8.87×	52.68×	10.36×	10.81×
Gross margin	12.7%	15.8%	15.2%	7.5%	15.5%	13.9%	13.8%	6.3%
Operating margin	3.1%	3.3%	3.2%	0.6%	4.0%	15.8%	2.2%	2.1%
Net margin	0.6%	0.6%	1.1%	0.8%	1.2%	-2.2%	0.1%	0.5%
Current ratio	1.38×	1.42×	1.46×	1.41×	1.25×	1.13×	1.01×	1.02×
Debt / equity	1.09×	1.08×	1.13×	1.63×	1.72×	2.03×	1.64×	1.52×
Interest coverage	1.21×	1.22×	1.35×	0.2×	1.56×	4.32×	0.75×	1.05×
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	1.9%	2.1%	4.1%	2.7%	5.7%	-8.3%	0.6%	2.8%
Return on invested capital	3.5%	4.2%	5.5%	0.7%	5.2%	11.5%	2.2%	4.2%
Return on assets	0.8%	0.9%	1.7%	0.9%	1.8%	-2.4%	0.2%	0.9%
Free cash flow yield	-14.9%	-0.5%	-6.8%	45.9%	50.6%	-68.9%	57.3%	34.3%
Earnings yield	5.4%	4.0%	9.8%	7.7%	13.4%	-43.5%	6.4%	11.0%
Enterprise value	₹2.3B	₹2.4B	₹2.3B	₹2.2B	₹2.3B	₹2.2B	₹1.8B	₹1.9B
Net debt / EBITDA	8.01×	6.32×	6.32×	9.74×	7.11×	48.12×	9.76×	9.22×
Cash conversion cycle (days)	145	113	112	146	97	113	79	60