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Deccan Cements Limited (502137) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹4.0B

DC Deccan Cements Limited 502137 · BSE
Price₹543.30
Fair Value₹91.42
Upside-83.2%
Quality30/100
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Weak Growth
Solidly profitable · 10.6% net margin
Moderate debt
2.27% dividend yield
Moderate moat 48/100
Evidence: Medium Range ₹68.57 – ₹114.28 Share as image

Fair value as of: Aug 15, 2026

From 10 valuation models · updated 4 days ago

Share price −6.6% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹114.28). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹1,138 ₹387.95 Fair Value ₹91.42 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 15, 2026.

How to read this chart

60‑month range ₹387.95 – ₹1,138 · fair‑value band ₹68.57 – ₹114.28 · the ₹543.30 price screens above the ₹91.42 fair value. Dashed = 300-day average. As of Aug 15, 2026.

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Analysis

Deccan Cements Limited (502137) currently trades at ₹543.30, while our model-based Fair Value estimate is ₹91.42, implying the stock looks roughly 83.2% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Industrial Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Deccan Cements Limited generated revenue of ₹5.8B at a net margin of 10.6%. Revenue grew 47.5% year over year. It earns a return on equity of 12.6%. The stock trades on a trailing P/E of 7.8 (as of Aug 15, 2026). Fundamentals as of Aug 15, 2026

Our scenario range runs from ₹68.57 (bear case) to ₹114.28 (bull case); at ₹543.30, 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 54% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -12% fair-value upside, at -83%, 502137 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹28.71 to ₹345.55). Read the values as a conservative anchor, not as a price target.
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
Residual Income ₹348.44 ₹324.63 ₹232.71 76
Gordon GGM ₹26.35 ₹28.71 ₹32.29 70
Growth-Adj P/E ₹48.85 ₹69.78 ₹90.72 68
All 10 models by family
Earnings-Based
Graham-Dodd ₹36.57 ₹44.70 ₹50.28 54
Dividend Discount
Gordon GGM ₹26.35 ₹28.71 ₹32.29 70
DDM Multi-Stage ₹26.35 ₹32.56 ₹41.03 61
Multiples
P/E Multiple ₹68.57 ₹91.42 ₹114.28 63
P/S Multiple ₹68.57 ₹91.42 ₹114.28 58
P/B Multiple ₹68.57 ₹91.42 ₹114.28 55
EV/EBITDA ₹27.63 54
Asset-Based
NCAV (Graham) ₹257.88 ₹345.55 ₹515.75 50
Economic Profit
Residual Income ₹348.44 ₹324.63 ₹232.71 76
Growth Earnings
Growth-Adj P/E ₹48.85 ₹69.78 ₹90.72 68

Widest divergence: Asset-Based (₹345.55) versus Dividend Discount (₹28.71). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹5.8B
Revenue growth (YoY) +47.5%
Net margin 10.6%
Return on equity 12.6%
P/E ratio 7.8 as of Aug 15, 2026
Operating margin 15.7%
More key figures
EPS (TTM) ₹43.51
Dividend yield 2.3%
EPS growth (YoY) +4.7%

Figures from reported company fundamentals · as of Aug 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 29 · Market factors (momentum, volatility) 25

Profitability 19
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Deccan Cements Limited manufactures and sells cement in India. The company offers ordinary Portland, Portland pozzolana, and Portland slag cement products; and other specialty cement products, such as rapid hardening, sulphate resistant, high alumina, and oil well cement, as well as 53-S grade ordinary Portland cement, a specialty cement for railway …

Full company description

Deccan Cements Limited manufactures and sells cement in India. The company offers ordinary Portland, Portland pozzolana, and Portland slag cement products; and other specialty cement products, such as rapid hardening, sulphate resistant, high alumina, and oil well cement, as well as 53-S grade ordinary Portland cement, a specialty cement for railway applications. It also generates and sells electricity through thermal, wind, and hydro-electric power units. Deccan Cements Limited was incorporated in 1979 and is headquartered in Hyderabad, India.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Deccan Cements Limited reported revenue of ₹5.3B in FY2025 versus ₹7.6B in FY2021, a compound −8.7%/yr. Reported net income was ₹75.3M in FY2025, compounding −49.4%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
₹5.3B
Latest YoY
−34.1%
Avg. 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.
−12.7%
Avg. 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.
−1.1%
Avg. growth/yr (11Y) 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.
+2.7%
Revenue −8.7%/yr
FY21 ₹7.6B
FY22 ₹7.9B
FY23 ₹7.8B
FY24 ₹8.0B
FY25 ₹5.3B
Net income −49.4%/yr
FY21 ₹1.2B
FY22 ₹876M
FY23 ₹493M
FY24 ₹373M
FY25 ₹75.3M

502137 screens 83% overvalued. Compare with Shree Cement Limited →

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Cite: Fair Value Calculator (2026). "Deccan Cements Limited Fair Value". https://www.fairvalue-calculator.com/stock/502137

Peer Group

Materials · 3561 stocks

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 “General Building Materials” was too small, so the broader sector is used.)

Quality Score 31 · Bottom 25%
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 48% · Top 25%
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.76× · Higher than 75% of peers

Valuation Multiples vs Materials median · lower = cheaper

P/E (TTM) 7.8× · Cheaper than 75% of peers
P/B 0.55× · Cheaper than 75% of peers
P/S (TTM) 0.69× · Cheaper than median
EV/EBITDA 7.1× · Cheaper than median

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more General Building Materials stocks, each showing price versus our Fair Value estimate (as of Aug 15, 2026).

Stock Price Fair Value vs Fair Value
Shree Cement Limited 500387 ₹25,410 ₹4,548 -82%
Carborundum Universal Limited 513375 ₹1,152 ₹194.24 -83%
JK Lakshmi Cement Limited 500380 ₹549.95 ₹305.50 -44%
Ramco Industries Limited 532369 ₹358.50 ₹302.39 -16%
Patels Airtemp (India) Limited 517417 ₹281.05 ₹425.54 +51%
Pacific Industries Limited 523483 ₹137.35 ₹121.22 -12%
Sicagen India Limited 533014 ₹59.23 ₹92.58 +56%
Keerthi Industries Limited 518011 ₹43.52 ₹21.42 -51%
Solid Stone Company 513699 ₹24.93 ₹22.00 -12%
Barak Valley Cements Limited 532916 ₹40.75 ₹39.64 -3%

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Frequently asked questions

Is Deccan Cements Limited (502137) overvalued or undervalued?
As of Aug 15, 2026, our model estimates a fair value of ₹91.42 versus a price of ₹543.30, about −83% (overvalued).
What is the fair value of 502137?
Our model-based fair value for Deccan Cements Limited is ₹91.42 (as of Aug 15, 2026), built from audited fundamentals. The current price is ₹543.30.
What is the quality score of 502137?
Deccan Cements Limited has a Quality Score of 30/100. 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 Deccan Cements Limited (502137)?
Deccan Cements Limited reported trailing-twelve-month revenue of about ₹5.8B (latest available figure, as of Aug 15, 2026).
What is the net profit margin of 502137?
The net profit margin of Deccan Cements Limited is about 10.6%, meaning it keeps roughly 10.6% of revenue as net income. Based on the latest reported figures.
Does Deccan Cements Limited pay a dividend?
Deccan Cements Limited currently shows a dividend yield of about 2.27% relative to its recent price (as of Aug 15, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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