Prithvi Exchange (India) Limited (PRITHVIEXCH.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

+109.0%

₹215.15

vs ₹102.95 price

Levered DCF

₹183.49

After debt service

Piotroski score

5 / 9

Average

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	30.16×	15.53×	17.73×	13.42×	289.5×	-8.1×	6.93×	6.32×
P/B	1.49×	2.49×	5.4×	1.96×	0.85×	0.58×	0.52×	0.59×
P/S	0.02×	0.04×	0.06×	0.02×	0.02×	0.02×	1.42×	1.52×
EV / EBITDA	17×	9.53×	11.29×	7.36×	21.92×	-6.72×	4.16×	2.21×
Gross margin	0.7%	0.2%	0.4%	0.1%	-0.0%	-0.2%	57.3%	64.1%
Operating margin	0.1%	0.3%	0.4%	0.2%	-0.0%	-0.4%	20.6%	31.9%
Net margin	0.1%	0.2%	0.3%	0.2%	0.0%	-0.3%	20.5%	24.1%
Current ratio	6.44×	2.84×	2.83×	2.08×	2.79×	3.83×	4.12×	3.51×
Debt / equity	0.09×	0.07×	0.03×	0.17×	0.13×	0.09×	0.08×	0×
Interest coverage	14.36×	40.64×	106.12×	9.85×	-1.67×	-16.87×	17.84×	99.59×
Dividend yield	2.6%	1.0%	0.9%	0.0%	0.0%	1.3%	3.5%	2.1%
Payout ratio	78.5%	15.4%	15.8%	0.0%	0.0%	-10.9%	24.2%	13.6%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	4.9%	16.1%	30.7%	14.6%	0.3%	-7.2%	7.5%	9.3%
Return on invested capital	4.3%	13.6%	28.3%	11.2%	-0.9%	-8.3%	5.0%	7.7%
Return on assets	3.5%	11.5%	22.2%	9.2%	0.2%	-5.9%	6.3%	7.1%
Free cash flow yield	-2.0%	-1.7%	3.2%	8.4%	7.5%	3.8%	-36.9%	4.9%
Earnings yield	3.3%	6.5%	5.7%	7.5%	0.3%	-12.4%	14.4%	15.8%
Enterprise value	₹726.7M	₹1.1B	₹2.1B	₹515.2M	₹186.3M	₹142.3M	₹131M	₹90.5M
Net debt / EBITDA	-1.54×	-0.89×	-0.79×	-1.52×	-5.33×	0.51×	-0.36×	-1.56×
Cash conversion cycle (days)	1	1	1	1	2	2	553	212