Pilani Investment and Industries Corporation Limited (PILANIINVS.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

-38.2%

₹2,390.43

vs ₹3,870.00 price

Levered DCF

₹1,168.61

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

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	157.24×	45.65×	22.88×	7.29×	9.32×	18.09×	5.08×	0.87×
P/B	0.31×	0.28×	0.26×	0.16×	0.17×	0.18×	0.17×	0.34×
P/S	17.94×	14.97×	13.39×	6.44×	7.29×	8.81×	7.08×	70.09×
EV / EBITDA	127.81×	21.88×	17.22×	9.26×	11.72×	13.3×	11.34×	91.04×
Gross margin	38.9%	98.3%	99.0%	99.4%	99.5%	99.4%	99.1%	95.8%
Operating margin	33.4%	95.9%	96.4%	97.6%	97.1%	96.1%	91.1%	85.6%
Net margin	11.4%	32.8%	58.5%	88.4%	78.2%	48.7%	139.3%	8089.9%
Current ratio	0×	63,790.8×	1.01×	3.69×	2.65×	4.91×	4.36×	0.09×
Debt / equity	0.15×	0.12×	0.06×	0.07×	0.1×	0.08×	0.08×	0.05×
Interest coverage	0.55×	3.26×	3.69×	4.18×	4.24×	3.66×	2.66×	1.13×
Dividend yield	0.3%	0.4%	0.4%	0.9%	0.9%	1.1%	2.2%	1.1%
Payout ratio	53.5%	16.9%	10.0%	6.8%	8.2%	20.5%	11.3%	1.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.2%	0.6%	1.1%	2.2%	1.8%	1.0%	3.4%	39.5%
Return on invested capital	0.3%	1.0%	1.4%	1.6%	1.5%	1.3%	1.5%	0.4%
Return on assets	0.2%	0.5%	1.0%	2.0%	1.6%	0.9%	3.1%	37.5%
Free cash flow yield	27.6%	14.4%	-0.8%	23.3%	-5.3%	-25.3%	-156.1%	1.0%
Earnings yield	0.6%	2.2%	4.4%	13.7%	10.7%	5.5%	19.7%	115.4%
Enterprise value	₹72.7B	₹64.1B	₹47.6B	₹25.3B	₹29.4B	₹25.6B	₹13.1B	₹19.9B
Net debt / EBITDA	41.96×	6.54×	3.43×	2.69×	4.23×	4.21×	3.61×	11.17×
Cash conversion cycle (days)	840	2,313	1,359	-121	-102	-186	-674	-48