Epigral Ltd. (EPIGRAL) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Epigral Ltd. stock ₹552, price ₹890, that is 38.0% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 17 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range ₹400.13 – ₹2,326 · fair‑value band ₹462.91 – ₹802.69 · the ₹890.25 price screens above the ₹551.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Epigral Limited manufactures and sells chlor-alkali and derivative products in India and internationally.
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The company offers chlorinated polyvinyl chloride (CPVC) resin, epichlorohydrin, chloromethanes value chain, hydrogen peroxide, caustic soda and potash, chlorine, hydrogen, chloromethanes, captive power plant (CPP), and chlorotoluene value chain, as well as operates wind-solar hybrid power plant.
Its products are used in CPVC pipes and fittings, windmills, construction, paints and coatings, electronics, water treatment, agrochemicals, pharmaceuticals, refineries, soap and detergents, fluoropolymers, paper and pulp, textiles, alumina, polyurethane foam, lithium, and polytetrafluoroethylene (PTFE) pipes.
The company was formerly known as Meghmani Finechem Limited and changed its name to Epigral Limited in August 2023. Epigral Limited was incorporated in 2007 and is based in Ahmedabad, India.
Stock analysis
Epigral Ltd. (EPIGRAL) currently trades at ₹890.25, while our model-based Fair Value estimate is ₹551.92, 38% 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 ₹2,338 per share, and 8 of the 17 models we run sit above the ₹890.25 price.
Bear case: the Dividend Discount group reads lowest at ₹135.19, and 9 of the 17 models stay below the price. Data coverage for this calculation is high.
Scenario range: ₹462.91 (bear) to ₹802.69 (bull), the price of ₹890.25 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 41/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Epigral Ltd. reported revenue of ₹25.0B in FY2026 versus ₹15.5B in FY2022, a compound +12.6%/yr. Reported net income was ₹3.3B in FY2026, compounding +7.0%/yr from FY2022.
Key figures
Market cap ₹38.4B (≈ $409M) Small · P/E ratio 14.2 · P/S ratio 1.46 · EPS (TTM) ₹62.69 · Dividend yield 0.6% · Net margin 10.3% · Return on equity 16.1% · Return on assets (EBIT) 19.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (medium confidence).
What moves the price
The share trades about 42% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −29% fair-value upside, at −38%, EPIGRAL screens richer than that median.
Fair Value models
Bear₹462.91Fair Value ₹551.92Bull₹802.69
Price ₹890.25 · Downside -38.0%
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 (₹35.56 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.
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
−2.1%
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.
+4.8%
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.
+24.8%
Start year 2021 (pandemic). Over 10 years: +20.1% a year
Revenue growth 11 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.
+19.5%
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What shareholders gained per year (last 5 years), in INR ⓘ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. 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.
+32.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+31.9%
Dividend (yield on the price)0.6%
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.31.9% vs 23.4%, picking up
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.23% → 15%
Price, fair value, quality and upside side by side.
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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.Chemicals · 354 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−38.0% · Below median
Profitability
Return on equity (12 months)16.1% · Top 25%
Return on assets9.5% · Top 25%
Net margin (12 months)10.3% · Above median
Operating margin (12 months)19.3% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)16.3% · Above median
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.15× · Above median
Valuation Multiplesvs Chemicals median · lower = cheaper
P/E (12 months)14.2× · Cheaper than median
P/B1.73× · Pricier than median
P/S (12 months)1.46× · Pricier than median
EV/EBITDA7.2× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)82· sector 70
PAST (return on equity)64· sector 23
HEALTH (low debt)93· sector 94
DIVIDEND (yield)11· sector 31
VALUE 0: the price sits above our fair-value range.
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). "Epigral Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/EPIGRAL
Frequently asked questions
Is Epigral Ltd. (EPIGRAL) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of ₹551.92 versus a price of ₹890.25, about 38% lower (overvalued).
What is the fair value of EPIGRAL?
Our model-based fair value for Epigral Ltd. is ₹551.92 (as of Nov 9, 2026), built from audited fundamentals. The current price: ₹890.25.
What is the quality score of EPIGRAL?
Epigral Ltd. has a Quality Score of 41/100. 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 Epigral Ltd. (EPIGRAL)?
Our model-based price target is the fair value of ₹551.92 (as of Nov 9, 2026) from 17 valuation models. Cautious scenario ₹462.91, optimistic scenario ₹802.69. It is a calculation from audited fundamentals, not an analyst target.
What is the Epigral Ltd. stock forecast for 2026?
Our models put fair value at ₹551.92, about 38% lower versus a price of ₹890.25 (overvalued). Cautious scenario ₹462.91, optimistic scenario ₹802.69. The calculation is refreshed regularly with new filings.
What is the revenue of Epigral Ltd. (EPIGRAL)?
Epigral Ltd. reported trailing-twelve-month revenue of about ₹26.3B (latest available figure, as of Nov 9, 2026).
Does Epigral Ltd. pay a dividend?
Epigral Ltd. currently shows a dividend yield of 0.56% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Epigral Ltd. (EPIGRAL) and when is the ex-dividend date?
Epigral Ltd. pays a dividend of ₹5.00 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Jun 1, 2026. The payout ratio is 8.0% of earnings. Our assessment: Token dividend. At a yield of 0.6% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.6% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Epigral Ltd. (EPIGRAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Epigral Ltd. it is ₹551.92 per share (as of Nov 9, 2026), against a price of ₹890.25. 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 Epigral Ltd. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, EPIGRAL trades above its calculated fair value: price ₹890.25, fair value ₹551.92, a gap of about −38% (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 EPIGRAL?
No. The price is what the market pays today (₹890.25); the fair value is what the company's own numbers justify (₹551.92). For Epigral Ltd. the two are ₹338.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Epigral Ltd. worth?
The market values Epigral Ltd. at about ₹38.4B (market capitalisation, as of Nov 9, 2026). Per share that is ₹890.25; our models calculate a fair value of ₹551.92 per share.
What do the bullish and bearish scenarios say about EPIGRAL?
Our models span a range for Epigral Ltd.: cautious scenario ₹462.91, base ₹551.92, optimistic ₹802.69 per share (as of Nov 9, 2026, price ₹890.25). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of EPIGRAL?
Epigral Ltd. trades at a price-to-earnings ratio of 14.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹551.92 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2022 to 2026), reported earnings, FY2026 ex one-offs: 16.0. Other multiples: P/B 1.7, P/S 1.5, EV/EBITDA 7.2.
How solid is the balance sheet of Epigral Ltd. (EPIGRAL)?
Balance-sheet figures for Epigral Ltd. (as of Nov 9, 2026): return on equity 16.1%, debt of 0.15 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is EPIGRAL from its 52-week high?
Epigral Ltd. trades at ₹890.25, about 42% below its 52-week high of ₹1,524 and 10% above the low of ₹806.96 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹551.92 is for.
Which stocks are comparable to Epigral Ltd.?
From the same area (Basic Materials) we also value BASF SE, Dow Inc, Ningxia Baofeng Energy Group, Rongsheng Petrochemical Co, 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 Epigral Ltd. stock attractive at the current price?
The data as of Nov 9, 2026: price ₹890.25, calculated fair value ₹551.92 (−38%), Quality Score 41/100, 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 EPIGRAL calculated?
We run Epigral Ltd. 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 ₹551.92 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 15.1% above its aggregate fair value. Epigral Ltd. 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 Epigral Ltd. (EPIGRAL)?
The closing price on Nov 9, 2026 was ₹890.25. Our model-based fair value is ₹551.92, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Epigral Ltd. right now?
The price sits above even our optimistic bull case (₹802.69). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Epigral Ltd. (EPIGRAL) come from?
Earnings per share at Epigral Ltd. grew +27.3 % a year from 2015 to 2026. Broken into its drivers: revenue per share +29.4 %, EBIT margin −7.6 %, tax rate −0.9 %, residual (interest, one-offs) +7.5 %. 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 Epigral Ltd.
How large is the market capitalisation of Epigral Ltd. (EPIGRAL)?
The market capitalisation of Epigral Ltd. is ₹38.4B (≈ $409M). 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 Epigral Ltd. (EPIGRAL)?
The price-to-sales ratio of Epigral Ltd. is 1.46 (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 Epigral Ltd. (EPIGRAL)?
Earnings per share at Epigral Ltd. are ₹62.69 (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Epigral Ltd. (EPIGRAL)?
The dividend yield of Epigral Ltd. is 0.6% (payout 8.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Epigral Ltd. (EPIGRAL)?
The net margin of Epigral Ltd. is 10.3% (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 Epigral Ltd. (EPIGRAL)?
The return on equity (ROE) of Epigral Ltd. is 16.1% (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 Epigral Ltd. (EPIGRAL)?
On an EBIT basis the return on assets of Epigral Ltd. is 19.3% (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 Epigral Ltd. (EPIGRAL)?
The operating margin of Epigral Ltd. is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Epigral Ltd. (EPIGRAL)?
Revenue at Epigral Ltd. is growing +16.3% versus a year earlier (3y avg +4.8%). 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 Epigral Ltd. (EPIGRAL)?
Earnings per share at Epigral Ltd. are growing −37.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Epigral Ltd. (EPIGRAL) generate?
The free cash flow of Epigral Ltd. is −₹65.3M (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 Epigral Ltd. (EPIGRAL) carry?
The net debt of Epigral Ltd. is ₹5.7B (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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Broad data
Nov 9, 2026