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DOMS Industries Limited (DOMS) Fair Value & Analysis

Industrials · IN · Market cap ₹136B (≈ $1.4B) · ISIN INE321T01012

What is DOMS Industries Limited really worth?

DI DOMS Industries Limited DOMS · NSE
Price₹2,209
Fair Value₹782.96
Upside−64.6%
Quality56/100

A solid business, but trading 182% above our fair value of ₹782.96.

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Risks

!Expensive Growth (revenue 5y +42.2 %/yr)
!Thin margins · 9.9% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (7/13)
!Moderate moat 61/100
!Evidence only medium, so the estimate is less certain
!Weak on dividend: 3 out of 100

For context

·0.17% dividend yield
Evidence: Medium Range ₹583.95 – ₹981.98

Fair value as of: Aug 28, 2026

From 17 valuation models · updated 8 days ago

Share price −1.9% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (₹981.98). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (3 years)

₹3,065 ₹1,248 Fair Value ₹782.96 Dec 2023 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

32‑month range ₹1,248 – ₹3,065 · fair‑value band ₹583.95 – ₹981.98 · the ₹2,209 price screens above the ₹782.96 fair value. Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

DOMS Industries Limited (DOMS) currently trades at ₹2,209, while our model-based Fair Value estimate is ₹782.96, implying the stock looks roughly 182.1% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of ₹1,393 per share, and 0 of the 17 models we run sit above the ₹2,209 price. Bear case: the Asset-Based group reads lowest at ₹134.66, and 17 of the 17 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, DOMS Industries Limited generated revenue of ₹23.3B at a net margin of 9.9%. Revenue grew 18.7% year over year. It earns a return on equity of 20.1%. Net debt stands at ₹795M. Fundamentals as of Aug 28, 2026

Our scenario range runs from ₹583.95 (bear case) to ₹981.98 (bull case); at ₹2,209, 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 20% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −33% fair-value upside, at −65%, DOMS screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹14.80 per share, which is 1.9 % 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 best evidence ₹367.65 ₹428.28 ₹481.32 74
ROIC Compounder ₹496.65 ₹763.02 ₹929.87 72
Owner Earnings ₹69.76 ₹153.76 ₹330.10 70
All 17 models by family
DCF Models
Owner Earnings ₹69.76 ₹153.76 ₹330.10 70
Earnings-Based
Graham-Dodd ₹257.91 ₹1,799 ₹2,524 63
Lynch FV ₹775.53 ₹1,108 ₹1,440 61
PEG = 1.0 ₹775.53 ₹1,108 ₹1,440 57
EPV best evidence ₹367.65 ₹428.28 ₹481.32 74
Dividend Discount
Gordon GGM ₹28.92 ₹60.13 ₹95.40 66
DDM Multi-Stage ₹28.92 ₹50.71 ₹63.11 66
Multiples
P/E Multiple ₹625.82 ₹834.43 ₹1,043 63
P/S Multiple ₹345.00 ₹460.00 ₹574.99 58
P/B Multiple ₹483.59 ₹644.79 ₹805.98 55
EV/EBIT ₹703.48 ₹936.67 ₹1,170 66
EV/EBITDA ₹600.96 ₹799.97 ₹998.99 67
EV/Revenue ₹325.91 ₹463.91 ₹601.91 53
Asset-Based
NCAV (Graham) ₹100.49 ₹134.66 ₹200.98 54
Economic Profit
Residual Income ₹256.19 ₹357.76 ₹1,763 64
ROIC Compounder ₹496.65 ₹763.02 ₹929.87 72
Growth Earnings
Growth-Adj P/E ₹975.04 ₹1,393 ₹1,811 67

Widest divergence: Growth Earnings (₹1,393) versus Dividend Discount (₹50.71). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 58.4
P/S ratio 5.78 P/E × margin
EPS (TTM) ₹37.84 price ÷ EPS = P/E 58.4
Dividend yield 0.2% payout 9.6%
Net margin 9.9% FY2026
Return on equity 20.1% TTM
More key figures
Profitability
Return on assets (EBIT) 17.0% avg 5y
Operating margin 12.9% TTM
Growth
Revenue (TTM) ₹23.3B TTM
Revenue growth (YoY) +18.7% 3y avg +24.4%
EPS growth (YoY) +16.8%
Balance sheet & cash flow
Free cash flow −₹367M FY2026
Net debt ₹795M FY2026

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 49

Profitability 72
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 14
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 80
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.

About the company

DOMS Industries Limited engages in the design, development, manufacturing, and sale of stationery and art material products under the DOMS brand name in India and internationally.

Full company description

DOMS Industries Limited engages in the design, development, manufacturing, and sale of stationery and art material products under the DOMS brand name in India and internationally. It offers pencils, erasers, sharpeners, mathematical instruments, chalk and chalk holders, writing boards, crayons, oil pasters, color pencils, poster colours, water colours, sketch pens, brush pens, tempera colors, and brushes, as well as modeling clays, playing doughs, glitter glues, glue stick, scholastic adhesives, acrylic paints, artists brush, kneadable erasers, pigment liners, canvas boards, and artists water colours. It also provides pens, board markers, permanent markers, and correction pens; notebooks, exercise and drawing books, sketch pads, coloring books, wiro books, executive diaries, and conference pads; stationery kits, art material kits, painting kits, and combo packs; as well as baby diapers and wet wipes. In addition, it provides packaging services. The company was founded in 1973 and is based in Valsad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

DOMS Industries Limited reported revenue of ₹23.3B in FY2026 versus ₹6.8B in FY2022, a compound +36.0%/yr. Reported net income was ₹2.3B in FY2026, compounding +100.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹23.3B
Latest YoY
+22.2%
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.
+24.4%
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.
+42.2%
Avg. revenue growth/yr (6Y) 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.
+23.6%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years, EBIT basis) 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.
+48.1% (47.9 + 0.2)
Revenue +36.0%/yr
FY22 ₹6.8B
FY23 ₹12.1B
FY24 ₹15.3B
FY25 ₹19.0B
FY26 ₹23.3B
Net income +100.1%/yr
FY22 ₹144M
FY23 ₹958M
FY24 ₹1.5B
FY25 ₹2.0B
FY26 ₹2.3B

DOMS screens 182% overvalued. Compare with GRG Banking Equipment Co →

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

Peer Group

Business Equipment & Supplies · 74 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 56 · Above median
Fair Value upside −65% · Bottom 25%
Return on equity (TTM) 20% · Top 25%
Return on assets 12% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 19% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 58.4× · Pricier than 75% of peers
P/B 11.17× · Pricier than 75% of peers
P/S (TTM) 5.86× · Pricier than 75% of peers
EV/EBITDA 33.8× · Pricier than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 30
FUTURE94 · sector 19
PAST80 · sector 19
HEALTH98 · sector 98
DIVIDEND3 · sector 52

VALUE 0: the price sits above our fair-value range.

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
GRG Banking Equipment Co 002152 ¥9.85 ¥9.65 −2%
Shanghai M&G Stationery Inc 603899 ¥22.25 ¥30.05 +35%
XGD Inc 300130 ¥17.93 ¥19.69 +10%
Hengbao Co 002104 ¥11.82 ¥2.09 −82%
Shaanxi Fenghuo Electronics Co 000561 ¥7.72 ¥1.75 −77%
Shenzhen Comix Group 002301 ¥7.99 ¥3.01 −62%
Shandong New Beiyang Information Technology Co 002376 ¥6.75 ¥2.10 −69%
Cashway Fintech Co 603106 ¥7.21 ¥1.68 −77%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥11.00 ¥21.12 +92%
F.I.L.A. - Fabbrica Italiana Lapis ed Affini S.p.A FILA €10.70 €7.14 −33%

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Frequently asked questions

Is DOMS Industries Limited (DOMS) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of ₹782.96 versus a price of ₹2,209, about −65% upside (overvalued).
What is the fair value of DOMS?
Our model-based fair value for DOMS Industries Limited is ₹782.96 (as of Aug 28, 2026), built from audited fundamentals. The current price: ₹2,209.
What is the quality score of DOMS?
DOMS Industries Limited has a Quality Score of 56/100. 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 revenue of DOMS Industries Limited (DOMS)?
DOMS Industries Limited reported trailing-twelve-month revenue of about ₹23.3B (latest available figure, as of Aug 28, 2026).
What is the net profit margin of DOMS?
The net profit margin of DOMS Industries Limited is about 9.9%, meaning it keeps roughly 9.9% of revenue as net income. Based on the latest reported figures.
Does DOMS Industries Limited pay a dividend?
DOMS Industries Limited currently shows a dividend yield of about 0.17% relative to its recent price (as of Aug 28, 2026).
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