NIDHI GRANITES LTD. (NIDHGRN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of NIDHI GRANITES LTD. stock ₹163, price ₹284, that is 42.5% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 23 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 8, 2026.
How to read this chart
60‑month range ₹7.79 – ₹466.35 · fair‑value band ₹117.53 – ₹205.44 · the ₹283.50 price screens above the ₹163.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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NIDHI GRANITES LTD. (NIDHGRN) currently trades at ₹283.50, while our model-based Fair Value estimate is ₹163.15, 42% 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 ₹413.25 per share, and 4 of the 23 models we run sit above the ₹283.50 price.
Bear case: the Growth DCF group reads lowest at ₹92.19, and 19 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹117.53 (bear) to ₹205.44 (bull), the price of ₹283.50 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 61/100 (solid quality), in the Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
NIDHI GRANITES LTD. reported revenue of ₹652M in FY2026 versus ₹158M in FY2022, a compound +42.5%/yr. Reported net income was ₹76.8M in FY2026, compounding +124.1%/yr from FY2022.
Key figures
Market cap ₹2.3B (≈ $24.2M) Micro · P/E ratio 27.3 · P/S ratio 3.68 · EPS (TTM) ₹10.40 · Net margin 13.5% · Return on equity 41.0% · Return on assets (EBIT) 11.5% (5-year average) · Operating margin 24.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Materials peers we cover trades at −6% fair-value upside, at −42%, NIDHGRN screens richer than that median.
Fair Value models
Bear₹117.53Fair Value ₹163.15Bull₹205.44
Price ₹283.50 · Downside -42.5%
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 (₹6.33 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
+44.0%
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.
+37.1%
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.
+247.2%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
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.
+49.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+49.8%
Dividend (yield on the price)0.0%
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.−6% → 19%
2026 sits 1,022% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+70.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +63.9% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Construction Materials” was too small, so the broader sector is used.)Materials · 3364 stocks
Beats the sector median on 6/13 measures
A mixed picture versus its sector peers.
Valuation
Quality Score61 · Top 25%
Fair Value upside−42.5% · Below median
Profitability
Return on equity (12 months)41.0% · Top 25%
Return on assets23.5% · Top 25%
Net margin (12 months)13.5% · Top 25%
Operating margin (12 months)24.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−19.4% · Bottom 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Materials median · lower = cheaper
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Is NIDHI GRANITES LTD. (NIDHGRN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of ₹163.15 versus a price of ₹283.50, about 42% lower (overvalued).
What is the fair value of NIDHGRN?
Our model-based fair value for NIDHI GRANITES LTD. is ₹163.15 (as of Nov 8, 2026), built from audited fundamentals. The current price: ₹283.50.
What is the quality score of NIDHGRN?
NIDHI GRANITES LTD. has a Quality Score of 61/100. 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 NIDHI GRANITES LTD. (NIDHGRN)?
Our model-based price target is the fair value of ₹163.15 (as of Nov 8, 2026) from 23 valuation models. Cautious scenario ₹117.53, optimistic scenario ₹205.44. It is a calculation from audited fundamentals, not an analyst target.
What is the NIDHI GRANITES LTD. stock forecast for 2026?
Our models put fair value at ₹163.15, about 42% lower versus a price of ₹283.50 (overvalued). Cautious scenario ₹117.53, optimistic scenario ₹205.44. The calculation is refreshed regularly with new filings.
What is the revenue of NIDHI GRANITES LTD. (NIDHGRN)?
NIDHI GRANITES LTD. reported trailing-twelve-month revenue of about ₹616M (latest available figure, as of Nov 8, 2026).
What growth is priced into NIDHI GRANITES LTD. (NIDHGRN)?
For today's price to be fair in a discounted-cash-flow model, NIDHI GRANITES LTD. would have to grow free cash flow by +70.7 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +247.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of NIDHGRN use?
Our models discount NIDHI GRANITES LTD. at 11.6 %: a base by market capitalisation (nano), damped by beta 0.75, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NIDHI GRANITES LTD. that is +70.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has NIDHI GRANITES LTD. (NIDHGRN) delivered so far?
Over the past 5 years revenue at NIDHI GRANITES LTD. grew +247.2 % a year. The price currently implies free-cash-flow growth of +70.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of NIDHI GRANITES LTD. (NIDHGRN)?
The free-cash-flow yield on the price is 0.36 %: that much free cash flow NIDHI GRANITES LTD. produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NIDHI GRANITES LTD. (NIDHGRN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NIDHI GRANITES LTD. it is ₹163.15 per share (as of Nov 8, 2026), against a price of ₹283.50. It is the blended result of 23 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is NIDHI GRANITES LTD. stock overvalued or undervalued in 2026?
As of Nov 8, 2026, NIDHGRN trades above its calculated fair value: price ₹283.50, fair value ₹163.15, a gap of about −42% (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 NIDHGRN?
No. The price is what the market pays today (₹283.50); the fair value is what the company's own numbers justify (₹163.15). For NIDHI GRANITES LTD. the two are ₹120.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is NIDHI GRANITES LTD. worth?
The market values NIDHI GRANITES LTD. at about ₹2.3B (market capitalisation, as of Nov 8, 2026). Per share that is ₹283.50; our models calculate a fair value of ₹163.15 per share.
What do the bullish and bearish scenarios say about NIDHGRN?
Our models span a range for NIDHI GRANITES LTD.: cautious scenario ₹117.53, base ₹163.15, optimistic ₹205.44 per share (as of Nov 8, 2026, price ₹283.50). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NIDHGRN?
NIDHI GRANITES LTD. trades at a price-to-earnings ratio of 27.3 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹163.15 is built from several models across several years. Other multiples: P/B 10.1, P/S 3.7, EV/EBITDA 18.4.
How solid is the balance sheet of NIDHI GRANITES LTD. (NIDHGRN)?
Balance-sheet figures for NIDHI GRANITES LTD. (as of Nov 8, 2026): return on equity 41.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is NIDHGRN from its 52-week high?
NIDHI GRANITES LTD. trades at ₹283.50, about 37% below its 52-week high of ₹449.50 and 50% above the low of ₹189.35 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹163.15 is for.
Which stocks are comparable to NIDHI GRANITES LTD.?
From the same area (Materials) we also value CHP, Seosan Corporation, DHABRIYA, MARBLE, 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 NIDHI GRANITES LTD. stock attractive at the current price?
The data as of Nov 8, 2026: price ₹283.50, calculated fair value ₹163.15 (−42%), Quality Score 61/100, from 23 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 NIDHGRN calculated?
We run NIDHI GRANITES LTD. through 23 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹163.15 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 13.0% above its aggregate fair value. NIDHI GRANITES 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 NIDHI GRANITES LTD. (NIDHGRN)?
The closing price on Nov 6, 2026 was ₹283.50. Our model-based fair value is ₹163.15, about 42% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NIDHI GRANITES LTD. right now?
The price sits above even our optimistic bull case (₹205.44). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of NIDHI GRANITES LTD.
How large is the market capitalisation of NIDHI GRANITES LTD. (NIDHGRN)?
The market capitalisation of NIDHI GRANITES LTD. is ₹2.3B (≈ $24.2M). 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 NIDHI GRANITES LTD. (NIDHGRN)?
The price-to-sales ratio of NIDHI GRANITES LTD. is 3.68 (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 NIDHI GRANITES LTD. (NIDHGRN)?
Earnings per share at NIDHI GRANITES LTD. are ₹10.40 (price ÷ EPS = P/E 27.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NIDHI GRANITES LTD. (NIDHGRN)?
The net margin of NIDHI GRANITES LTD. is 13.5% (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 NIDHI GRANITES LTD. (NIDHGRN)?
The return on equity (ROE) of NIDHI GRANITES LTD. is 41.0% (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 NIDHI GRANITES LTD. (NIDHGRN)?
On an EBIT basis the return on assets of NIDHI GRANITES LTD. is 11.5% (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 NIDHI GRANITES LTD. (NIDHGRN)?
The operating margin of NIDHI GRANITES LTD. is 24.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NIDHI GRANITES LTD. (NIDHGRN)?
Revenue at NIDHI GRANITES LTD. is growing −19.4% versus a year earlier (3y avg +37.1%). 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 NIDHI GRANITES LTD. (NIDHGRN)?
Earnings per share at NIDHI GRANITES LTD. are growing +29.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NIDHI GRANITES LTD. (NIDHGRN) carry?
The net debt of NIDHI GRANITES LTD. is ₹4.2M (fiscal year 2024, ≈ 0.5 yrs of FCF). 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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Some data
Nov 8, 2026