Pioneer Agro Extracts Ltd. (PIONAGR.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

-305.4%

-₹46.22

vs ₹22.50 price

Levered DCF

-₹23.14

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

63.32

Safe zone

Rating

D+

Overall 1 / 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	-8.65×	98.68×	-58.19×	52.18×	1,739.22×	10.08×	11.99×	28.61×
P/B	2.73×	1.57×	0.77×	0.73×	0.74×	0.71×	0.96×	1.06×
P/S	10.61×	7.98×	3.93×	2.29×	7.08×	0×	0×	0×
EV / EBITDA	-20.2×	82.36×	-72.49×	34.77×	45.78×	8.18×	7.98×	20.56×
Gross margin	-71.8%	1.8%	-17.0%	-10.1%	-34.4%	0.0%	0.0%	0.0%
Operating margin	-108.4%	-32.7%	-46.8%	-17.4%	-55.7%	0.0%	0.0%	0.0%
Net margin	-122.5%	8.0%	-7.0%	4.3%	0.4%	0.0%	0.0%	0.0%
Current ratio	16.58×	60.06×	72.05×	61.55×	40.81×	43×	35.18×	33.48×
Debt / equity	0×	0×	0×	0×	0×	0×	0×	0×
Interest coverage	0×	0×	-4,006.67×	-365.38×	-104.14×	-146.43×	0×	0×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	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	-31.5%	1.6%	-1.4%	1.4%	0.0%	7.0%	8.0%	3.7%
Return on invested capital	-27.1%	-6.1%	-9.1%	-5.3%	-3.8%	-5.6%	-5.2%	-2.6%
Return on assets	-30.5%	1.5%	-1.4%	1.3%	0.0%	6.8%	6.1%	2.8%
Free cash flow yield	-31.8%	0.0%	2.0%	-4.3%	5.3%	11.0%	13.1%	-0.2%
Earnings yield	-11.6%	1.0%	-1.8%	1.9%	0.1%	9.9%	8.3%	3.5%
Enterprise value	₹108.6M	₹82.4M	₹36.3M	₹35.4M	₹20.9M	₹35.9M	₹36.3M	₹25.1M
Net debt / EBITDA	0.01×	-0.05×	8.01×	-2.93×	-38.49×	-0.59×	-0.46×	-10.88×
Cash conversion cycle (days)	478	1,691	1,667	1,020	2,295	0	0	0