International Combustion (India) Limited (505737) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of International Combustion (India) Limited ₹748, price ₹437, upside +70.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹169.69 – ₹2,178 · fair‑value band ₹557.73 – ₹955.51 · the ₹437.30 price screens below the ₹747.54 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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International Combustion (India) Limited manufactures and supplies heavy engineering equipment, geared motors and gear boxes, and dry mix products in India and internationally. It operates through three segments: Mineral & Material Processing and Handling Equipment; Gear Box and Geared Motor Drive System; and Building Material Division.
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International Combustion (India) Limited manufactures and supplies heavy engineering equipment, geared motors and gear boxes, and dry mix products in India and internationally. It operates through three segments: Mineral & Material Processing and Handling Equipment; Gear Box and Geared Motor Drive System; and Building Material Division. The company offers vibratory equipment, including grizzly screens/feeders, linear and circular motion screens, mogensen sizers, omni screens, flip flop screening machines, vibrating feeders and exciters, and polyurithine and rubber screen decks and liners, as well as monitoring systems for electronic vibrating machines. It also provides various grinding mills classifiers for drying systems; bulk material handling equipment, such as spiraling belt and girdle pocket elevators, scooping belt conveyers, and apron feeders; jaw, cone, and roll crushers, as well as vertical shaft impactors; and rotary drum dryers/coolers. In addition, the company offers rotary dryers; and polymer modified dry mortars. International Combustion (India) Limited was founded in 1936 and is based in Kolkata, India.
Stock analysis
International Combustion (India) Limited (505737) currently trades at ₹437.30, while our model-based Fair Value estimate is ₹747.54, implying the stock looks roughly 41.5% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹1,144 per share, and 8 of the 12 models we run sit above the ₹437.30 price.
Bear case: the Multiples group reads lowest at ₹358.58, and 4 of the 12 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹557.73 (bear) to ₹955.51 (bull), the price of ₹437.30 sits below 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 51/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
International Combustion (India) Limited reported revenue of ₹2.9B in FY2026 versus ₹1.7B in FY2022, a compound +14.8%/yr. Reported net income was −₹23.9M in FY2026.
Key figures
Market cap ₹317M (≈ $3.3M) · P/S ratio 0.32 · EPS (TTM) ₹−7.74 · Dividend yield 0.7% · Net margin −0.8% · Return on equity −7.8% · Return on assets (EBIT) 7.0% · Operating margin −8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 71%, 505737 screens cheaper than that median.
Fair Value models
Bear ₹557.73Fair Value ₹747.54Bull ₹955.51
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+0.1%
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.
+9.7%
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.
+21.8%
Start year 2021 (pandemic). Over 10 years: +12.2% a year
Revenue growth 12 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.
+9.5%
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Profit margin (trend) ⓘ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.
−5.2% (2021) → −0.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
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).
−1.8%
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 −5.7% a year for the price.
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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.Specialty Industrial Machinery · 790 stocks
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.
Is International Combustion (India) Limited (505737) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹747.54 versus a price of ₹437.30, about +71% upside (undervalued).
What is the fair value of 505737?
Our model-based fair value for International Combustion (India) Limited is ₹747.54 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹437.30.
What is the quality score of 505737?
International Combustion (India) Limited has a Quality Score of 51/100. 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 International Combustion (India) Limited (505737)?
Our model-based price target is the fair value of ₹747.54 (as of Sep 24, 2026) from 12 valuation models. Cautious scenario ₹557.73, optimistic scenario ₹955.51. It is a calculation from audited fundamentals, not an analyst target.
What is the International Combustion (India) Limited stock forecast for 2026?
Our models put fair value at ₹747.54, about +71% upside versus a price of ₹437.30 (undervalued). Cautious scenario ₹557.73, optimistic scenario ₹955.51. The calculation is refreshed regularly with new filings.
What is the revenue of International Combustion (India) Limited (505737)?
International Combustion (India) Limited reported trailing-twelve-month revenue of about ₹982M (latest available figure, as of Sep 24, 2026).
Does International Combustion (India) Limited pay a dividend?
International Combustion (India) Limited currently shows a dividend yield of about 0.70% relative to its recent price (as of Sep 24, 2026).
What growth is priced into International Combustion (India) Limited (505737)?
For today's price to be fair in a discounted-cash-flow model, International Combustion (India) Limited would have to grow free cash flow by -1.8 % per year for five years (discount rate 14.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +21.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 505737 use?
Our models discount International Combustion (India) Limited at 14.0 %: a base by market capitalisation (nano), damped by beta 1.54, 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 International Combustion (India) Limited that is -1.8 % per year a year over ten years, using the same discount rate (14.0 %) and the same formula as our fair value.
How much growth has International Combustion (India) Limited (505737) delivered so far?
Over the past 5 years revenue at International Combustion (India) Limited grew +21.8 % a year. The price currently implies -1.8 % per year free-cash-flow growth a 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.
How fast is the sector of International Combustion (India) Limited (505737) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into International Combustion (India) Limited (-1.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of International Combustion (India) Limited (505737)?
The free-cash-flow yield on the price is 15.71 %: that much free cash flow International Combustion (India) Limited produces per unit of market value. When it exceeds the discount rate of our models (14.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of International Combustion (India) Limited (505737)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For International Combustion (India) Limited it is ₹747.54 per share (as of Sep 24, 2026), against a price of ₹437.30. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is International Combustion (India) Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 505737 trades below its calculated fair value: price ₹437.30, fair value ₹747.54, a gap of about +71% (undervalued). 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 505737?
No. The price is what the market pays today (₹437.30); the fair value is what the company's own numbers justify (₹747.54). For International Combustion (India) Limited the two are ₹310.24 per share apart. That gap is exactly why we show both numbers side by side.
How much is International Combustion (India) Limited worth?
The market values International Combustion (India) Limited at about ₹317M (market capitalisation, as of Sep 24, 2026). Per share that is ₹437.30; our models calculate a fair value of ₹747.54 per share.
What do the bullish and bearish scenarios say about 505737?
Our models span a range for International Combustion (India) Limited: cautious scenario ₹557.73, base ₹747.54, optimistic ₹955.51 per share (as of Sep 24, 2026, price ₹437.30). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of International Combustion (India) Limited (505737)?
Balance-sheet figures for International Combustion (India) Limited (as of Sep 24, 2026): return on equity −7.8%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 505737 from its 52-week high?
International Combustion (India) Limited trades at ₹437.30, about 46% below its 52-week high of ₹813.05 and 20% above the low of ₹365.70 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹747.54 is for.
Which stocks are comparable to International Combustion (India) Limited?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 International Combustion (India) Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹437.30, calculated fair value ₹747.54 (+71%), Quality Score 51/100, from 12 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 505737 calculated?
We run International Combustion (India) Limited through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹747.54, 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 14.5 % above its aggregate fair value. International Combustion (India) Limited currently trades 41 % below its own fair value, and the market average says nothing about that. 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 International Combustion (India) Limited (505737)?
The closing price on Oct 1, 2026 was ₹437.30. Our model-based fair value is ₹747.54, about +71% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with International Combustion (India) Limited right now?
The price is below even our cautious bear case (₹557.73). The market is more pessimistic than our downside scenario. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of International Combustion (India) Limited
How large is the market capitalisation of International Combustion (India) Limited (505737)?
The market capitalisation of International Combustion (India) Limited is ₹317M (≈ $3.3M). 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 International Combustion (India) Limited (505737)?
The price-to-sales ratio of International Combustion (India) Limited is 0.32 (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 International Combustion (India) Limited (505737)?
Earnings per share at International Combustion (India) Limited are ₹−7.74. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of International Combustion (India) Limited (505737)?
The dividend yield of International Combustion (India) Limited is 0.7%. 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 International Combustion (India) Limited (505737)?
The net margin of International Combustion (India) Limited is −0.8% (fiscal year 2026). 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 International Combustion (India) Limited (505737)?
The return on equity (ROE) of International Combustion (India) Limited is −7.8% (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 International Combustion (India) Limited (505737)?
On an EBIT basis the return on assets of International Combustion (India) Limited is 7.0% (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 International Combustion (India) Limited (505737)?
The operating margin of International Combustion (India) Limited is −8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at International Combustion (India) Limited (505737)?
Revenue at International Combustion (India) Limited is growing −16.2% versus a year earlier (3y avg +9.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does International Combustion (India) Limited (505737) carry?
The net debt of International Combustion (India) Limited is ₹231M (fiscal year 2026, ≈ 1.4 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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