Pioneer Embroideries Limited (PIONEEREMB.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

-582.8%

-₹89.80

vs ₹18.60 price

Levered DCF

-₹126.09

After debt service

Piotroski score

2 / 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	99.6×	25.24×	28.43×	8.71×	11.46×	5.23×	5.23×	14.69×
P/B	0.39×	0.75×	0.73×	0.57×	1.05×	0.92×	0.5×	0.75×
P/S	0.18×	0.31×	0.31×	0.25×	0.43×	0.45×	0.18×	0.21×
EV / EBITDA	11.11×	6.66×	8.51×	6.89×	5.94×	4.49×	3.48×	5.94×
Gross margin	21.4%	23.9%	9.3%	38.3%	42.0%	47.5%	42.1%	39.3%
Operating margin	-0.4%	2.6%	3.5%	1.2%	5.8%	8.2%	4.4%	3.9%
Net margin	0.2%	1.2%	1.1%	2.9%	3.8%	8.5%	3.4%	1.4%
Current ratio	1.37×	1.3×	1.29×	1.47×	1.75×	1.57×	1.24×	1.09×
Debt / equity	0.59×	0.62×	0.76×	0.75×	0.26×	0.3×	0.43×	0.74×
Interest coverage	-0.13×	1.03×	1.27×	1.04×	5.51×	4.14×	1.71×	1.4×
Dividend yield	0.0%	0.0%	0.0%	1.1%	0.5%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	9.2%	5.9%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.4%	2.9%	2.6%	6.6%	9.1%	17.6%	9.5%	5.1%
Return on invested capital	-0.4%	2.5%	3.5%	1.0%	7.6%	12.5%	8.2%	8.3%
Return on assets	0.2%	1.4%	1.1%	2.9%	5.5%	10.2%	4.8%	2.0%
Free cash flow yield	-6.5%	12.6%	-21.2%	-80.1%	5.3%	9.7%	54.4%	25.3%
Earnings yield	1.0%	3.9%	3.5%	11.5%	8.7%	19.1%	19.1%	6.8%
Enterprise value	₹1.5B	₹2.1B	₹2.2B	₹1.6B	₹1.6B	₹1.3B	₹780.7M	₹1.1B
Net debt / EBITDA	6.63×	2.99×	4.33×	3.78×	1.14×	0.93×	1.57×	2.94×
Cash conversion cycle (days)	74	76	76	100	108	118	71	51