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Data-driven stock valuation

D. P. Abhushan Limited (DPABHUSHAN) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of D. P. Abhushan Limited stock ₹959, price ₹1,952, that is 50.9% below the price, quality 56 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical IN · ISIN INE266Y01019

DP D. P. Abhushan Limited logo Some data Nov 10, 2026

D. P. Abhushan Limited

DPABHUSHAN · NSE
Solid, but very expensive

Our calculation puts a fair price 51% below what the stock costs today.

Low debt
Ranks above peers (8/12)
Last quarter vs. a year ago: revenue +58%, profit +76%.
Quality 56/100
Expensive Growth (revenue 5y +27.3 %/yr in INR)
Thin margins · 5.5% net margin (TTM)
Moderate moat 64/100
Some data
Changed on Oct 23: ₹826.09 → ₹958.55
Fair value ₹958.55 · Strongly overvalued
Negative free cash flow
⚠ Small free float
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What runs behind every stock

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

Price vs Fair Value

₹2,438 ₹169.16 Fair Value ₹958.55 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ₹169.16 – ₹2,438 · fair‑value band ₹512.70 – ₹1,704 · the ₹1,952 price screens above the ₹958.55 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

D. P. Abhushan Limited engages in the manufacturing, sale, and trading of gold, diamond, platinum, silver jewellery, and other precious metals in India.

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It also offers solitaire jewellery products; and corporate gifting products, such as gold coins, silver coins and notes, electroform idols, and gift vouchers. The company sells ornaments through its retail showrooms. The company was founded in 1940 and is based in Ratlam, India.

Stock analysis

D. P. Abhushan Limited (DPABHUSHAN) currently trades at ₹1,952, while our model-based Fair Value estimate is ₹958.55, 51% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹2,961 per share, and 6 of the 17 models we run sit above the ₹1,952 price.

Bear case: the Asset-Based group reads lowest at ₹237.09, and 11 of the 17 models stay below the price. Data coverage for this calculation is medium.

Scenario range: ₹512.70 (bear) to ₹1,704 (bull), the price of ₹1,952 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 56/100 (solid quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

D. P. Abhushan Limited reported revenue of ₹40.7B in FY2026 versus ₹17.3B in FY2022, a compound +23.8%/yr. Reported net income was ₹2.1B in FY2026, compounding +51.3%/yr from FY2022.

Key figures

Market cap ₹44.7B (≈ $477M) Small · P/E ratio 18.6 · P/S ratio 1.02 · EPS (TTM) ₹105.01 · Net margin 5.5% · Return on equity 40.9% · Return on assets (EBIT) 22.8% (5-year average) · Operating margin 10.7%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 64 out of 100 (medium confidence).

What moves the price

The share trades about 20% below its 52-week high and 120% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −2% fair-value upside, at −51%, DPABHUSHAN screens richer than that median.

Fair Value models

Bear ₹512.70 Fair Value ₹958.55 Bull ₹1,704
Price ₹1,952 · Downside -50.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹65.02 per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV ₹645.81 ₹714.69 ₹769.55 74
Owner Earnings ₹512.70 ₹958.55 ₹1,704 73
ROIC Compounder ₹756.43 ₹966.58 ₹1,217 72
All 17 models by family
DCF Models
Owner Earnings ₹512.70 ₹958.55 ₹1,704 73
Earnings-Based
Graham-Dodd ₹631.03 ₹4,401 ₹6,176 63
Lynch FV ₹1,570 ₹2,243 ₹2,916 61
PEG = 1.0 ₹1,570 ₹2,243 ₹2,916 57
EPV ₹645.81 ₹714.69 ₹769.55 74
Dividend Discount
Gordon GGM ₹0.1700 ₹0.2700 ₹0.3400 69
DDM Multi-Stage ₹0.1700 ₹0.2600 ₹0.2900 67
Multiples
P/E Multiple ₹1,531 ₹2,042 ₹2,552 63
P/S Multiple ₹1,183 ₹1,578 ₹1,972 58
P/B Multiple ₹709.16 ₹945.54 ₹1,182 55
EV/EBIT ₹1,615 ₹2,194 ₹2,773 66
EV/EBITDA ₹1,079 ₹1,479 ₹1,879 67
EV/Revenue ₹1,049 ₹1,551 ₹2,053 53
Asset-Based
NCAV (Graham) ₹156.48 ₹237.09 ₹296.37 54
Economic Profit
Residual Income ₹424.07 ₹667.07 ₹1,477 69
ROIC Compounder ₹756.43 ₹966.58 ₹1,217 72
Growth Earnings
Growth-Adj P/E ₹2,073 ₹2,961 ₹3,849 67

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Quality Score breakdown

Overall quality 56/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 78
How much profit the company makes from its sales and capital
Quality Growth 65
Are margins and returns getting better?
Cashflow 7
Do the profits arrive as real cash?
Financial strength 74
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 57
How calm the share price moves, does not count
Price momentum 93
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 68
Distance to the 52-week high, does not count
New shares 70
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+22.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+27.3%
Start year 2021 (pandemic). Over 10 years: +23.6% a year
Revenue growth 13 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+20.3%
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+47.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+47.6%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.49.7% vs 51.4%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4% → 7%
2026 sits 233% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Pace: the 5-year rate starts in 2021 (pandemic)

DPABHUSHAN screens overvalued: fair value 51% below the price. Compare with Compagnie Financière Richemont SA →

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Peer Groupⓘ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.Luxury Goods · 124 stocks

Beats the industry median on 8/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 56 · Above median
Fair Value upside −50.9% · Below median
Profitability
Return on equity (12 months) 40.9% · Top 25%
Return on assets 18.5% · Top 25%
Net margin (12 months) 5.5% · Above median
Operating margin (12 months) 10.7% · Above median
Growth and dividend
Revenue growth (quarter YoY) 58.0% · Top 25%
Balance sheet
Debt / equity 0.01× · Below median

Valuation Multiplesvs Luxury Goods median · lower = cheaper

P/E (12 months) 18.6× · Pricier than median
P/B 7.06× · Priciest 25%
P/S (12 months) 1.02× · Cheaper than median
EV/EBITDA 12.9× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 20
FUTURE (revenue growth)100 · sector 53
PAST (return on equity)100 · sector 57
HEALTH (low debt)100 · sector 99
DIVIDEND (yield)0 · sector 55

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

Context: sector, industry, market

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 Luxury Goods stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Prada S.p.A 1913 HK$40.38 HK$61.06 +51% vs DPABHUSHAN
Pandora A/S PNDORA kr 960.00 kr 1,424 +48% vs DPABHUSHAN
Signet Jewelers Limited SIG $120.70 $169.03 +40% vs DPABHUSHAN
Christian Dior SE CDI €432.80 €552.53 +28% vs DPABHUSHAN
Chow Tai Fook Jewellery Group 1929 HK$12.12 HK$11.89 −2% vs DPABHUSHAN
Tapestry, Inc TPR $133.34 $120.19 −10% vs DPABHUSHAN
Compagnie Financière Richemont SA CFR CHF 175.95 CHF 128.42 −27% vs DPABHUSHAN
Brunello Cucinelli S.p.A BC €86.62 €36.54 −58% vs DPABHUSHAN
Kalyan Jewellers India Limited KALYANKJIL ₹663.75 ₹184.73 −72% vs DPABHUSHAN
Kering SA KER €189.28 €42.26 −78% vs DPABHUSHAN

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D. P. Abhushan Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "D. P. Abhushan Limited Fair Value". https://www.fairvalue-calculator.com/stock/DPABHUSHAN

Frequently asked questions

Is D. P. Abhushan Limited (DPABHUSHAN) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹958.55 versus a price of ₹1,952, about 51% lower (overvalued).
What is the fair value of DPABHUSHAN?
Our model-based fair value for D. P. Abhushan Limited is ₹958.55 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹1,952.
What is the quality score of DPABHUSHAN?
D. P. Abhushan 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 price target for D. P. Abhushan Limited (DPABHUSHAN)?
Our model-based price target is the fair value of ₹958.55 (as of Nov 10, 2026) from 17 valuation models. Cautious scenario ₹512.70, optimistic scenario ₹1,704. It is a calculation from audited fundamentals, not an analyst target.
What is the D. P. Abhushan Limited stock forecast for 2026?
Our models put fair value at ₹958.55, about 51% lower versus a price of ₹1,952 (overvalued). Cautious scenario ₹512.70, optimistic scenario ₹1,704. The calculation is refreshed regularly with new filings.
What is the revenue of D. P. Abhushan Limited (DPABHUSHAN)?
D. P. Abhushan Limited reported trailing-twelve-month revenue of about ₹43.8B (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of D. P. Abhushan Limited (DPABHUSHAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For D. P. Abhushan Limited it is ₹958.55 per share (as of Nov 10, 2026), against a price of ₹1,952. It is the blended result of 17 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is D. P. Abhushan Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, DPABHUSHAN trades above its calculated fair value: price ₹1,952, fair value ₹958.55, a gap of about −51% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of DPABHUSHAN?
No. The price is what the market pays today (₹1,952); the fair value is what the company's own numbers justify (₹958.55). For D. P. Abhushan Limited the two are ₹993.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is D. P. Abhushan Limited worth?
The market values D. P. Abhushan Limited at about ₹44.7B (market capitalisation, as of Nov 10, 2026). Per share that is ₹1,952; our models calculate a fair value of ₹958.55 per share.
What do the bullish and bearish scenarios say about DPABHUSHAN?
Our models span a range for D. P. Abhushan Limited: cautious scenario ₹512.70, base ₹958.55, optimistic ₹1,704 per share (as of Nov 10, 2026, price ₹1,952). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DPABHUSHAN?
D. P. Abhushan Limited trades at a price-to-earnings ratio of 18.6 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹958.55 is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2018 to 2026), reported earnings: 15.2. Other multiples: P/B 7.1, P/S 1.0, EV/EBITDA 12.9.
How solid is the balance sheet of D. P. Abhushan Limited (DPABHUSHAN)?
Balance-sheet figures for D. P. Abhushan Limited (as of Nov 10, 2026): return on equity 40.9%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is DPABHUSHAN from its 52-week high?
D. P. Abhushan Limited trades at ₹1,952, about 20% below its 52-week high of ₹2,438 and 120% above the low of ₹887.50 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹958.55 is for.
Which stocks are comparable to D. P. Abhushan Limited?
From the same area (Consumer Cyclical) we also value Compagnie Financière Richemont SA, Christian Dior SE, Kering SA, Tapestry, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is D. P. Abhushan Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹1,952, calculated fair value ₹958.55 (−51%), Quality Score 56/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of DPABHUSHAN calculated?
We run D. P. Abhushan Limited through 17 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹958.55 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. D. P. Abhushan Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of D. P. Abhushan Limited (DPABHUSHAN)?
The closing price on Nov 11, 2026 was ₹1,952. Our model-based fair value is ₹958.55, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with D. P. Abhushan Limited right now?
The price sits above even our optimistic bull case (₹1,704). The favourable scenario is already priced in. The model range is unusually wide (₹512.70 to ₹1,704). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of D. P. Abhushan Limited (DPABHUSHAN) come from?
Earnings per share at D. P. Abhushan Limited grew +50.8 % a year from 2015 to 2026. Broken into its drivers: revenue per share +23.9 %, EBIT margin +23.3 %, tax rate +1.8 %, residual (interest, one-offs) −3.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of D. P. Abhushan Limited

How large is the market capitalisation of D. P. Abhushan Limited (DPABHUSHAN)?
The market capitalisation of D. P. Abhushan Limited is ₹44.7B (≈ $477M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of D. P. Abhushan Limited (DPABHUSHAN)?
The price-to-sales ratio of D. P. Abhushan Limited is 1.02 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of D. P. Abhushan Limited (DPABHUSHAN)?
Earnings per share at D. P. Abhushan Limited are ₹105.01 (price ÷ EPS = P/E 18.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of D. P. Abhushan Limited (DPABHUSHAN)?
The net margin of D. P. Abhushan Limited is 5.5% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of D. P. Abhushan Limited (DPABHUSHAN)?
The return on equity (ROE) of D. P. Abhushan Limited is 40.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of D. P. Abhushan Limited (DPABHUSHAN)?
On an EBIT basis the return on assets of D. P. Abhushan Limited is 22.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of D. P. Abhushan Limited (DPABHUSHAN)?
The operating margin of D. P. Abhushan Limited is 10.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at D. P. Abhushan Limited (DPABHUSHAN)?
Revenue at D. P. Abhushan Limited is growing +58.0% versus a year earlier (3y avg +27.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at D. P. Abhushan Limited (DPABHUSHAN)?
Earnings per share at D. P. Abhushan Limited are growing +75.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does D. P. Abhushan Limited (DPABHUSHAN) generate?
The free cash flow of D. P. Abhushan Limited is −₹1.2B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does D. P. Abhushan Limited (DPABHUSHAN) carry?
The net debt of D. P. Abhushan Limited is ₹2.8B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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