Pearl Green Clubs and Resorts (PGCRL.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

-301.4%

-₹198.05

vs ₹98.35 price

Levered DCF

-₹321.42

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

11.21

Safe zone

Rating

C+

Overall 2 / 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	44.14×	-108.46×	1,405.88×	368.75×	162.98×	756.41×	37.72×	-7,375×
P/B	1.41×	0.79×	2.3×	3.4×	7.1×	7.42×	16.69×	29.92×
P/S	6.02×	2.31×	7.31×	6.78×	10.77×	13.64×	2.59×	0×
EV / EBITDA	33.45×	-121.3×	-229.59×	-453.47×	123.13×	550.77×	27.31×	0×
Gross margin	6.4%	2.3%	1.7%	5.6%	12.3%	4.8%	12.1%	0.0%
Operating margin	4.8%	-2.4%	-0.3%	2.3%	9.9%	4.1%	9.3%	0.0%
Net margin	13.6%	-2.1%	0.5%	1.8%	6.6%	1.8%	6.9%	0.0%
Current ratio	5.47×	8.11×	1.47×	12.85×	1.17×	1.12×	1.17×	30×
Debt / equity	0×	0×	0×	0×	0.03×	0.04×	0.13×	0.02×
Interest coverage	714.25×	-402.8×	-10.58×	14.36×	0×	0×	0×	0×
Dividend yield	0.0%	0.0%	0.4%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	583.3%	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	3.2%	-0.7%	0.2%	0.9%	4.4%	1.0%	44.2%	-0.4%
Return on invested capital	0.9%	-0.8%	-0.1%	0.9%	4.9%	1.6%	39.3%	-0.4%
Return on assets	3.0%	-0.7%	0.1%	0.9%	3.2%	0.9%	6.4%	-0.4%
Free cash flow yield	0.1%	-17.1%	-10.4%	-5.8%	-0.0%	-13.4%	-1.1%	-0.0%
Earnings yield	2.3%	-0.9%	0.1%	0.3%	0.6%	0.1%	2.7%	-0.0%
Enterprise value	₹350.6M	₹189.5M	₹528.5M	₹567.3M	₹513.6M	₹513.3M	₹14.4M	₹14.3M
Net debt / EBITDA	-0.52×	3.19×	16.21×	65.33×	0.24×	0.81×	-0.62×	0×
Cash conversion cycle (days)	501	372	102	85	37	19	0	0