EN DE

532921 Fair Value & Analysis

Industrials · IN · Market cap ₹3.2T (≈ $34.3B) · ISIN INE742F01042

What is 532921 really worth?

5 532921 532921 · BSE
Price₹1,709
Fair Value₹1,305
Upside−23.6%
Quality42/100

Below-average quality, and trading another 31% above our fair value of ₹1,305.

Strengths

Moderate debt · generates free cash flow

Risks

!Expensive Growth (revenue 5y +25.3 %/yr)
!Thin margins · 0.0% net margin
Evidence: High Range ₹456.78 – ₹1,679

Fair value as of: Aug 23, 2026

From 24 valuation models · updated 13 days ago

Fair value updated Aug 23, 2026, revised from ₹1,080 to ₹1,305 (+20.9%) since Aug 13, 2026.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (₹456.78 to ₹1,679). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

₹1,882 ₹452.82 Fair Value ₹1,305 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 23, 2026.

How to read this chart

60‑month range ₹452.82 – ₹1,882 · fair‑value band ₹456.78 – ₹1,679 · the ₹1,709 price screens above the ₹1,305 fair value. Dashed = 300-day average. As of Aug 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

532921 (532921) currently trades at ₹1,709, while our model-based Fair Value estimate is ₹1,305, implying the stock looks roughly 30.9% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,905 per share, and 5 of the 24 models we run sit above the ₹1,709 price. Bear case: the Asset-Based group reads lowest at ₹340.21, and 19 of the 24 models stay below the price. Evidence for this calculation is high.

Net debt stands at ₹498B. The stock trades on a trailing P/E of 30.0 (as of Jul 4, 2026). Fundamentals as of Aug 23, 2026

Our scenario range runs from ₹456.78 (bear case) to ₹1,679 (bull case); at ₹1,709, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 10% below its 52-week high and 33% above its 52-week low. For context, the median of 10 Industrials peers we cover trades at 42% fair-value upside, at −24%, 532921 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹37.61 per share, which is 2.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV ₹490.01 ₹618.52 ₹732.76 71
Growth DCF ₹192.17 ₹628.05 ₹1,510 70
ROIC Compounder ₹490.01 ₹787.96 ₹1,112 70
All 24 models by family
DCF Models
FCF DCF ₹213.70 ₹527.76 ₹1,479 69
Owner Earnings ₹25.74 ₹380.30 ₹1,158 65
5Y Revenue Exit ₹83.08 ₹339.89 ₹842.76 64
5Y EBITDA Exit ₹743.85 ₹1,757 ₹3,640 69
5Y P/E Exit ₹658.22 ₹1,785 ₹3,268 66
10Y Revenue Exit ₹108.90 ₹457.64 ₹834.12 62
10Y EBITDA Exit ₹598.66 ₹1,763 ₹3,994 62
10Y P/E Exit ₹536.65 ₹1,594 ₹3,487 58
Earnings-Based
Graham-Dodd ₹460.01 ₹3,208 ₹4,502 63
Lynch FV ₹986.85 ₹1,410 ₹1,833 61
PEG = 1.0 ₹986.85 ₹1,410 ₹1,833 57
EPV ₹490.01 ₹618.52 ₹732.76 71
Multiples
P/E Multiple ₹1,065 ₹1,421 ₹1,776 63
P/S Multiple ₹306.93 ₹409.24 ₹511.55 58
P/B Multiple ₹862.51 ₹1,150 ₹1,438 55
EV/EBIT ₹937.10 ₹1,329 ₹1,721 65
EV/EBITDA ₹944.71 ₹1,339 ₹1,733 67
EV/Revenue ₹19.58 ₹130.08 ₹240.57 47
Asset-Based
NCAV (Graham) ₹253.89 ₹340.21 ₹507.78 54
Growth DCF
Growth DCF ₹192.17 ₹628.05 ₹1,510 70
Rev-Margin DCF ₹83.08 ₹386.27 ₹843.60 65
Economic Profit
Residual Income ₹494.38 ₹630.38 ₹1,651 68
ROIC Compounder ₹490.01 ₹787.96 ₹1,112 70
Growth Earnings
Growth-Adj P/E ₹1,333 ₹1,905 ₹2,476 67

Widest divergence: Growth Earnings (₹1,905) versus Asset-Based (₹340.21). Highest evidence: EPV (71).

Notify me when 532921 reaches fair value

Put 532921 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 30.0 as of Jul 4, 2026
P/S ratio 9.91 P/E × margin
EPS (TTM) ₹55.35 price ÷ EPS = P/E 30.0
Net margin 33.1% FY2025
Return on equity 1,925% TTM
Return on assets (EBIT) 8.8% avg 5y
More key figures
Balance sheet & cash flow
Free cash flow ₹50.4B FY2025
Net debt ₹498B FY2025 · ≈ 9.9 yrs of FCF

Figures from reported company fundamentals · as of Aug 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 44 · Market factors (momentum, volatility) 64

Profitability 46
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 5
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 67
Distance to the 52-week high (market factor)
Net Issuance 37
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

532921 reported revenue of ₹387B in FY2025 versus ₹171B in FY2021, a compound +22.6%/yr. Reported net income was ₹128B in FY2025, compounding +27.2%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹387B
Latest YoY
+27.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.9%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.3%
Avg. revenue growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.5%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+19.2% (19.2 + 0.0)
Revenue +22.6%/yr
FY21 ₹171B
FY22 ₹209B
FY23 ₹267B
FY24 ₹305B
FY25 ₹387B
Net income +27.2%/yr
FY21 ₹48.9B
FY22 ₹53.1B
FY23 ₹81.1B
FY24 ₹111B
FY25 ₹128B

532921 screens 31% overvalued. Compare with Adani Ports and Special Economic Zone Limited →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "532921 Fair Value". https://www.fairvalue-calculator.com/stock/532921

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Marine Shipping stocks, each showing price versus our Fair Value estimate (as of Aug 23, 2026).

Stock Price Fair Value vs Fair Value
Adani Ports and Special Economic Zone Limited ADANIPORTS ₹1,714 ₹1,041 −39%
A.P. Møller - Mærsk A/S MAERSKA kr 20,820 kr 20,145 −3%
COSCO SHIPPING Holdings 601919 ¥16.06 ¥49.90 +211%
Hapag-Lloyd Aktiengesellschaft, HLAG €132.80 €88.00 −34%
Shanghai International Port (Group) Co 600018 ¥5.17 ¥6.15 +19%
HMM Co 011200 21,450 KRW 33,795 KRW +58%
Orient Overseas (International) Limited 0316 HK$166.90 HK$237.61 +42%
Ningbo Zhoushan Port Company 601018 ¥3.39 ¥5.58 +65%
Qingdao Port International Co 601298 ¥8.69 ¥15.97 +84%
JSW Infrastructure Limited JSWINFRA ₹329.85 ₹122.71 −63%

Compare 532921 with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is 532921 overvalued or undervalued?
As of Aug 23, 2026, our model estimates a fair value of ₹1,305 versus a price of ₹1,709, about −24% upside (overvalued).
What is the fair value of 532921?
Our model-based fair value for 532921 is ₹1,305 (as of Aug 23, 2026), built from audited fundamentals. The current price: ₹1,709.
What is the quality score of 532921?
532921 has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of 532921?
The net profit margin of 532921 is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Free · no account needed

Continue in the live analysis

Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.

Open the live analysis →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.