Pace E-Commerce Ventures Ltd. (PACE.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

-3529.9%

-₹447.60

vs ₹13.05 price

Levered DCF

-₹2,480.68

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

2.2

Grey 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
P/E	7.72×	16.25×	16.75×	71.29×	66.53×	68.83×	1,446.38×
P/B	0.36×	0.71×	0.55×	0.63×	1.38×	0.19×	67.7×
P/S	0.29×	0.75×	0.93×	1.56×	3.48×	2.88×	3.29×
EV / EBITDA	8.19×	10.36×	10.04×	34.15×	43.42×	18.3×	99.35×
Gross margin	6.7%	10.0%	12.3%	8.6%	17.4%	31.7%	22.5%
Operating margin	4.8%	4.6%	6.6%	6.9%	8.6%	17.9%	3.3%
Net margin	3.8%	4.6%	5.6%	2.2%	5.2%	4.2%	0.2%
Current ratio	2.08×	2.03×	2.47×	6.23×	2.4×	1.7×	5.26×
Debt / equity	0.22×	0.15×	0.06×	0.05×	0.14×	0.04×	16.77×
Interest coverage	2.43×	3.37×	3.97×	0×	0×	0×	0×
Dividend yield	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%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Return on equity	4.7%	4.3%	3.3%	0.9%	2.0%	0.3%	4.7%
Return on invested capital	3.8%	2.9%	2.7%	2.2%	2.2%	0.8%	3.0%
Return on assets	3.7%	3.5%	2.9%	0.8%	1.7%	0.3%	0.2%
Free cash flow yield	-19.7%	-2.9%	-4.2%	-94.0%	-6.3%	-517.0%	-0.3%
Earnings yield	12.9%	6.1%	6.0%	1.4%	1.5%	1.5%	0.1%
Enterprise value	₹461.6M	₹650.8M	₹441.9M	₹471.7M	₹400.5M	₹57.3M	₹60M
Net debt / EBITDA	3.02×	1.8×	0.95×	2.02×	3.78×	2.66×	18.2×
Cash conversion cycle (days)	63	57	58	132	97	231	177