Pagaria Energy Limited (WOMENNET.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

+69.6%

₹14.24

vs ₹8.40 price

Levered DCF

₹10.51

After debt service

Piotroski score

1 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	-7.03×	42.23×	83×	63.81×	-64.22×	153.54×	103.96×	99.4×
P/B	0.52×	0.41×	0.58×	0.35×	0.35×	0.35×	0.35×	0.35×
P/S	13.6×	0×	0×	0×	0×	8.51×	1.82×	3.16×
EV / EBITDA	-16×	35.2×	54.32×	38.79×	-142.22×	59.55×	44.19×	45.42×
Gross margin	-15.3%	0.0%	0.0%	0.0%	0.0%	-3.7%	4.9%	23.4%
Operating margin	-95.4%	0.0%	0.0%	0.0%	0.0%	-52.1%	-10.0%	-20.6%
Net margin	-193.4%	0.0%	0.0%	0.0%	0.0%	5.5%	1.8%	3.2%
Current ratio	2.55×	13.34×	14.54×	14.71×	8.26×	5.93×	4.79×	10.45×
Debt / equity	0×	0.03×	0.03×	0.03×	0.03×	0.03×	0.03×	0.03×
Interest coverage	-0.89×	0×	-35.91×	-494×	-159.2×	-40.26×	-77.51×	-109.68×
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	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	-7.4%	1.0%	0.7%	0.5%	-0.5%	0.2%	0.3%	0.4%
Return on invested capital	-1.3%	-1.4%	-1.3%	-1.0%	-3.6%	-1.5%	-1.2%	-1.7%
Return on assets	-2.6%	0.9%	0.7%	0.5%	-0.5%	0.2%	0.3%	0.3%
Free cash flow yield	65.6%	-7.0%	-5.1%	-14.7%	-8.8%	0.8%	-1.9%	-8.9%
Earnings yield	-14.2%	2.4%	1.2%	1.6%	-1.6%	0.7%	1.0%	1.0%
Enterprise value	₹30.6M	₹27.3M	₹37.5M	₹23.2M	₹23M	₹23.1M	₹23.2M	₹22.9M
Net debt / EBITDA	0.01×	1.8×	2.07×	2.43×	-8.23×	3.56×	2.85×	2.43×
Cash conversion cycle (days)	632	-22,351	-17,417	-6,873	-5,436	3,660	789	1,291