PG Electroplast Limited (PGEL.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

-1288.7%

-₹6,401.93

vs ₹538.55 price

Levered DCF

-₹6,787.55

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

5.41

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	68×	83.95×	32.77×	37.22×	40.39×	68.98×	19.29×	13.45×
P/B	4.38×	8.7×	4.31×	7.72×	5.14×	4.13×	0.29×	0.79×
P/S	2.53×	5.05×	1.63×	1.42×	1.44×	1.13×	0.08×	0.26×
EV / EBITDA	31.33×	53.25×	18.89×	20.26×	21.81×	19.49×	5.76×	8.37×
Gross margin	10.4%	19.7%	19.3%	18.3%	20.5%	20.8%	21.2%	21.5%
Operating margin	5.7%	14.0%	13.1%	12.3%	13.0%	12.6%	12.7%	13.4%
Net margin	3.7%	5.9%	4.9%	3.6%	3.4%	1.7%	0.4%	2.0%
Current ratio	1.46×	1.9×	1.46×	1.12×	1.11×	0.99×	0.94×	0.94×
Debt / equity	0.2×	0.14×	0.42×	1.46×	1.28×	0.97×	1.08×	0.77×
Interest coverage	2.94×	7.66×	6.97×	5.54×	6.44×	4.79×	5.51×	6.61×
Dividend yield	0.1%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	3.6%	1.8%	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	6.4%	10.2%	13.0%	19.6%	12.0%	6.0%	1.5%	5.9%
Return on invested capital	6.2%	16.5%	18.3%	20.8%	15.1%	17.4%	6.1%	22.1%
Return on assets	3.3%	5.6%	5.8%	5.1%	3.5%	2.0%	0.5%	2.4%
Free cash flow yield	-5.7%	-2.3%	-0.9%	-3.6%	-14.7%	1.6%	-61.5%	-12.9%
Earnings yield	1.5%	1.2%	3.0%	2.5%	2.3%	1.5%	5.2%	7.5%
Enterprise value	₹139.3B	₹249B	₹48.7B	₹36.2B	₹19.8B	₹9.8B	₹2.3B	₹2.6B
Net debt / EBITDA	1.27×	0.65×	1.57×	3.18×	4.13×	3.6×	4.49×	4.08×
Cash conversion cycle (days)	70	69	57	66	78	37	42	41