P.E. Analytics Limited

Sector n/a · NSE

₹292.95+₹9.95 (+3.52%)

DalalBaazaar Score

69 / 100

🟢 Good

Verdict

REASONABLE

Risk

Moderate

Driven by micro-cap size, which brings thin liquidity.

In simple words: Reasonable but unspectacular business quality, with modest growth. Nothing on this snapshot stands out as an immediate concern — the usual checks on business quality and management still apply.

Decision support, not a buy or sell call.

As of 18 Oct 2026, 8:28 pm

Understanding the Business

The 60-second version of P.E. Analytics Limited — what it does, how it earns, and who it competes with, before any of the numbers below.

How does it make money?

Turns over ₹47 Cr a year. Of every ₹100 of sales, about ₹34 reaches shareholders as profit, with ₹33 left at the operating level before interest, tax and depreciation.

What is its competitive advantage?Little sign of one

Returns on capital of 13.4% are at or below what the capital likely costs. That is the financial pattern of a business competing largely on price, where advantage has to come from execution rather than position.

What has been driving growth?

Growth has come mainly from selling more, rather than from keeping more of each sale. Over 3 years revenue moved +61% while net margin moved -5% relative to itself. What this cannot tell you is which products, customers or geographies did the work — that lives in the segment disclosures of the annual report.

Revenue effect+61%

Margin effect-5%

DalalBaazaar Score

69/ 100

Good

Weighted across six categories. Every point is explained below.

• Not enough data to assess valuation.

Quality vs. Valuation

Company Quality

75/ 100

Good

How good the business is, ignoring the share price entirely.

Valuation

60/ 100

Fair

What you are being asked to pay, ignoring how good the business is.

A reasonable business at a reasonable price — neither the quality nor the valuation stands out in either direction.

vs. its own history

Not enough price and earnings history

vs. sector peers

Not enough peers with a usable P/E

vs. generic bands

No P/E available

EV/EBITDA

14.5x

PEG

—

What's Good / What's Bad

🟢 What's Going Well2

Cash generation is improving
Free cash flow is up 69% over 3 years.
Consistently profitable
Profitable in every one of the last 4 reported years.

🔴 What Needs Attention1

Return on capital is falling
ROCE has declined from 21.3% to 13.4% — often a sign of competition or overexpansion.

Red Flags

1 item require attention · 1 high

🔴Significant margin compressionFinancial
EBITDA margin has fallen 18.3 points, from 51.1% to 32.8%.

Investment Thesis

🟢 Bull CaseWhat could make this work?

Earnings have proved durable
Profitable in every one of the last 4 reported years. Consistency lowers the risk that any single bad year is structural rather than cyclical.

🔴 Bear CaseWhat could go wrong?

Margins are being competed away
EBITDA margin has fallen from 51.1% to 32.8%. If the trend continues, profit falls even on flat sales — and margin decline rarely reverses quickly.
Size brings its own risk
Micro Cap businesses are thinly traded, so exits are harder in a falling market and single events move the price more than they would for a larger company.

🟡 Key Things to WatchMeasurable tripwires, set against where this company stands today

1Revenue growth stays above 13% a year✓ 17.2% CAGR
Latest reported year was 5.5%. The bar is set below the established compounding rate, so ordinary variation does not trip it.
2EBITDA margin holds above 31%✓ 32.8%
Two points below today's level — enough room for noise, tight enough to catch real compression.
3Free cash flow remains positive✓ ₹10 Cr
Profit that never becomes cash eventually stops being profit.
4ROCE stays above 10%✓ 13.4%
Falling returns on capital are usually competition arriving, and show up here before they reach the margin.

Investment Checklist

5 / 8 checks passed

✗ Strong return on equity (ROE ≥ 15%)
✗ Strong return on capital employed (ROCE ≥ 15%)
✓ Healthy net margin (≥ 10%)
✓ Generates positive free cash flow
✓ Adequate short-term liquidity (Current Ratio ≥ 1.0)
✓ Revenue growing year-over-year
✓ Profit growing year-over-year
✗ Short-term technical trend isn't bearish

Price history

Quick Metrics

2 good · 9 neutral · 0 weak

Market Cap

₹319 Cr

Micro Cap

Smaller company — thin liquidity and deep drawdowns are normal here

P/E (Trailing)

Not available

No data

Source didn't return this field

P/B Ratio

Not available

No data

Source didn't return this field

EPS (TTM)

Not available

No data

Source didn't return this field

ROE

14.9%

Moderate

Moderate capital efficiency

ROCE

13.4%

Moderate

Moderate return on the capital in the business

Debt/Equity

Not available

No data

Source didn't return this field

Revenue Growth (YoY)

5.5%

Modest

Modest growth

Profit Growth (YoY)

21.7%

Healthy

Profits growing at a healthy clip

Dividend Yield

None

No dividend yield reported — usually means no payout, but verify if one was recently initiated

Free Cash Flow

₹10 Cr

Cash generative

Generates cash even after funding its capex

More Metrics

Gross Margin

51.9%

Proxy

Operating margin unavailable — showing gross margin instead

Net Margin

33.5%

Good

Strong bottom-line conversion

Current Ratio

7.95

Comfortable

Healthy short-term liquidity

Technical Snapshot

SMA 20 / SMA 50

191.1 / 205.8

Bearish alignment (short < long)

Price vs SMA 200

Below

Long-term downtrend

RSI (14)

44.5

Neutral momentum

Financial Trend (4-Year)

Metric	FY23	FY24	FY25	FY26	3Y CAGR
Revenue	₹29 Cr	₹40 Cr	₹44 Cr	₹47 Cr	+17.2%
EBITDA	₹15 Cr	₹17 Cr	₹13 Cr	₹15 Cr	+1.2%
EBITDA Margin	51.1%	41.5%	29.9%	32.8%	—
PAT (Net Profit)	₹10 Cr	₹11 Cr	₹13 Cr	₹16 Cr	+15.1%
EPS	₹9.81	₹10.64	₹12.3	—	—
ROE	15.7%	14.5%	14.4%	14.9%	—
ROCE	21.3%	20.0%	13.5%	13.4%	—
Free Cash Flow	₹6 Cr	₹5 Cr	₹9 Cr	₹10 Cr	+19.2%

🟢 Revenue has grown at 17.2% a year over 3 years.

🟡 EBITDA has been broadly flat over 3 years (1.2% a year).

🔴 EBITDA Margin has fallen from 51.1% to 32.8% over 3 years (-18.3 pts).

🟢 PAT (Net Profit) has grown at 15.1% a year over 3 years.

🟡 ROE has held roughly flat at 14.9% over 3 years.

🔴 ROCE has fallen from 21.3% to 13.4% over 3 years (-7.9 pts).

🟢 Free Cash Flow has grown at 19.2% a year over 3 years.

Balance Sheet & Cash Flow — FY2026

Total Assets

₹122 Cr

Total Liabilities

₹16 Cr

Total Debt

—

Cash & Equivalents

₹96 Cr

Operating Cash Flow

₹11 Cr

Capex

-₹1 Cr

Recent News

2 mixed4 general

Compare with

Equitymaster, 15 Oct

We Think That There Are Issues Underlying P.E. Analytics' (NSE:PROPEQUITY) Earnings

Simply Wall Street, 28 MayResults

🟡Mixed / dependsA results event. The figures on this page update once the new statements reach the data feed, which usually lags the announcement.

PE Analytics Share Price Up 17.6% Today: Stock Analysis

Univest, 07 AugPrice move

🟡Mixed / dependsA price move, which is not by itself a change in the business. Worth finding the cause before reading it as either good or bad.

PE Analytics Ltd. Financials – Balance Sheet, Profit & Loss, Cash Flow

Value Research, 31 Aug

P.E. Analytics to launch AI-powered real estate intelligence platform

Moneycontrol.com, 03 Mar

PropEquity parent firm ties up with Cambridge for real estate school

Business Standard, 26 Jan

Watch Items

Cross-check against the company's latest quarterly filing / investor presentation before acting.
Sector/industry classification unavailable — verify manually for peer comparison.
4 metrics couldn't be retrieved for this stock — this is more common for smaller or thinly-covered listings.

DalalBaazaar Thesis

StrongBusiness Quality · Financial Health · Growth · Profitability

MiddlingValuation · Risk

Points for each in the Score ↑

Good business at a fair price

A sound business at a reasonable valuation. Suitable for a long-term holding, with the valuation and the direction of margins worth watching rather than the business itself. 1 high-severity red flag sits above this conclusion and should be read first.

All 4 tripwires holding · see Key things to watch ↑