Pecos Hotels and Pubs Limited (PECOS.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

+126.0%

₹438.40

vs ₹193.95 price

Levered DCF

₹623.90

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

14.87

Safe zone

Rating

A-

Overall 4 / 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	20.86×	23.92×	12.74×	10.71×	-27.36×	-3.95×	25.82×	22.99×
P/B	4.41×	5.2×	2.67×	2.61×	1.05×	0.7×	1.77×	2.19×
P/S	2.86×	3.24×	1.52×	1.41×	1.39×	0.96×	0.97×	1.25×
EV / EBITDA	13.06×	16.2×	7.17×	6.67×	-9.55×	-5.04×	9.83×	8.2×
Gross margin	42.7%	44.5%	37.2%	46.3%	30.0%	24.8%	42.3%	40.5%
Operating margin	16.4%	44.5%	23.7%	14.3%	-4.2%	-24.6%	5.0%	9.4%
Net margin	13.7%	13.6%	11.9%	13.2%	-5.1%	-24.4%	3.7%	5.5%
Current ratio	4.77×	4.52×	3.88×	4.49×	2.99×	2.41×	2.87×	1.67×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	0×	18.22×	-3.5×	-20.75×	10.08×	12.49×
Dividend yield	1.3%	1.1%	2.7%	0.0%	0.0%	0.0%	2.0%	0.6%
Payout ratio	28.0%	27.5%	33.8%	0.0%	0.0%	0.0%	52.0%	12.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	21.1%	21.7%	21.0%	24.3%	-3.9%	-17.8%	6.9%	9.5%
Return on invested capital	18.2%	53.2%	30.4%	23.8%	-3.2%	-17.9%	6.8%	12.4%
Return on assets	18.2%	18.6%	17.9%	21.9%	-3.5%	-15.9%	6.1%	7.8%
Free cash flow yield	4.3%	3.2%	9.1%	10.0%	7.5%	-7.6%	1.2%	1.6%
Earnings yield	4.8%	4.2%	7.8%	9.3%	-3.7%	-25.3%	3.9%	4.4%
Enterprise value	₹289.6M	₹299.9M	₹116M	₹103M	₹29.5M	₹21M	₹71.4M	₹86.1M
Net debt / EBITDA	-2.37×	-2.29×	-1.99×	-1.39×	2.77×	1.3×	-0.98×	-0.72×
Cash conversion cycle (days)	1	-12	-0	-8	-24	-39	-11	-8