Pakka Limited (PAKKA.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

-1754.0%

-₹1,135.50

vs ₹68.65 price

Levered DCF

-₹1,205.15

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

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	19.94×	19.5×	28.57×	10.34×	13.33×	26.38×	15.95×	21.27×
P/B	0.78×	1.58×	4.64×	2.32×	2.88×	3.39×	3.78×	4.7×
P/S	1.02×	1.76×	2.88×	1.17×	1.64×	2.4×	1.75×	1.76×
EV / EBITDA	19.03×	11.49×	14.52×	6.54×	8.29×	12.56×	8.69×	11.52×
Gross margin	25.0%	58.8%	61.0%	27.4%	60.1%	61.0%	59.9%	55.5%
Operating margin	7.2%	10.8%	17.7%	17.1%	46.6%	12.4%	21.3%	15.9%
Net margin	5.1%	9.2%	10.7%	11.3%	12.3%	9.1%	10.9%	8.3%
Current ratio	1.28×	1.94×	2.12×	1.28×	1.19×	1.14×	1.1×	1.05×
Debt / equity	0.99×	0.46×	0.73×	0.51×	0.63×	0.72×	0.84×	1.27×
Interest coverage	2.25×	4.17×	7.91×	6.88×	14.43×	2.08×	4.27×	2.48×
Dividend yield	0.0%	0.0%	0.8%	1.6%	0.7%	0.8%	1.0%	0.0%
Payout ratio	0.0%	0.0%	21.7%	16.5%	9.9%	21.1%	15.4%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	3.9%	8.3%	17.3%	22.4%	21.6%	12.9%	23.7%	22.1%
Return on invested capital	1.7%	4.9%	9.7%	14.2%	32.1%	6.8%	16.0%	15.0%
Return on assets	1.6%	5.1%	8.6%	12.3%	11.0%	6.4%	10.7%	7.7%
Free cash flow yield	-80.0%	-25.1%	-1.1%	2.6%	0.7%	3.1%	8.6%	8.0%
Earnings yield	5.0%	5.2%	3.7%	9.7%	7.5%	3.8%	6.3%	4.7%
Enterprise value	₹8B	₹8.5B	₹12.9B	₹5.8B	₹5.8B	₹5.3B	₹5.4B	₹5.6B
Net debt / EBITDA	10.45×	1.87×	1.44×	1.17×	1.43×	2.2×	1.57×	2.44×
Cash conversion cycle (days)	196	298	264	131	151	297	197	212