Pricol Limited (PRICOLLTD.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

+15.7%

₹765.52

vs ₹661.60 price

Levered DCF

₹2,300.09

After debt service

Piotroski score

5 / 9

Average

Altman Z-score

—

Rating

B-

Overall 3 / 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	24.98×	33.2×	34.29×	20.26×	31.06×	18.37×	-3.85×	-2.07×
P/B	4.99×	5.46×	5.7×	3.59×	2.75×	1.45×	0.96×	0.72×
P/S	1.55×	2.06×	2.12×	1.33×	1.03×	0.54×	0.31×	0.21×
EV / EBITDA	13.91×	16.93×	16.67×	10.64×	9.14×	5.41×	8.26×	14.45×
Gross margin	16.2%	28.0%	28.6%	27.7%	10.9%	10.8%	7.3%	27.0%
Operating margin	8.6%	8.6%	9.0%	8.0%	6.7%	6.9%	1.4%	-0.3%
Net margin	6.2%	6.2%	6.2%	6.6%	3.3%	2.9%	-8.0%	-10.0%
Current ratio	1.21×	1.3×	1.41×	1.32×	1.26×	1.3×	0.84×	0.87×
Debt / equity	0.3×	0.13×	0.07×	0.16×	0.27×	0.53×	1.15×	0.56×
Interest coverage	11.63×	17.61×	11.23×	8.33×	4.04×	2.25×	0.5×	-0.12×
Dividend yield	0.4%	0.0%	0.0%	0.0%	0.4%	0.0%	0.0%	3.1%
Payout ratio	9.7%	0.0%	0.0%	0.0%	11.0%	0.9%	-0.0%	-6.5%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	20.0%	16.4%	16.6%	17.7%	8.9%	7.9%	-24.9%	-34.8%
Return on invested capital	15.8%	13.6%	16.1%	14.8%	8.2%	3.6%	1.6%	-0.6%
Return on assets	10.1%	8.6%	9.8%	9.5%	4.3%	3.4%	-7.4%	-10.9%
Free cash flow yield	-0.7%	1.7%	2.3%	3.1%	8.7%	12.6%	19.8%	-19.1%
Earnings yield	4.0%	3.0%	2.9%	4.9%	3.2%	5.4%	-25.9%	-48.4%
Enterprise value	₹65.3B	₹55.8B	₹47.7B	₹25.8B	₹17.2B	₹10B	₹8.3B	₹6B
Net debt / EBITDA	0.56×	0.1×	-0.18×	0.22×	0.7×	1.3×	4.46×	5.79×
Cash conversion cycle (days)	51	50	45	37	47	37	31	30