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Voith Paper Fabrics India Limited (522122) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹4.5B

VP Voith Paper Fabrics India Limited 522122 · BSE
Price₹1,490
Fair Value₹1,220
Upside-18.1%
Quality64/100
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Mixed Growth
Highly profitable · 21.4% net margin
Low debt · generates free cash flow
0.50% dividend yield
Ranks above peers (9/14)
Moderate moat 64/100
Evidence: High Range ₹779.78 – ₹1,982 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 5 days ago

A solid business, but screening 18% overvalued on our models.

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What matters now

  • Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹779.78 to ₹1,982) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,928 ₹918.89 Fair Value ₹1,220 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹918.89 – ₹2,928 · fair‑value band ₹779.78 – ₹1,982 · the ₹1,490 price screens above the ₹1,220 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Voith Paper Fabrics India Limited (522122) currently trades at ₹1,490, while our model-based Fair Value estimate is ₹1,220, implying the stock looks roughly 18.1% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Consumer 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: high).

Over the trailing twelve months, Voith Paper Fabrics India Limited generated revenue of ₹1.2B at a net margin of 21.4%. Revenue grew 10.2% year over year. It earns a return on equity of 10.9%. The stock trades on a trailing P/E of 17.3 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹779.78 (bear case) to ₹1,982 (bull case); at ₹1,490, the current price sits within 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 28% below its 52-week high and 10% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at 0% fair-value upside, at -18%, 522122 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.

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
Growth DCF ₹562.42 ₹899.40 ₹1,420 80
Residual Income ₹829.88 ₹913.92 ₹1,310 76
Rev-Margin DCF ₹738.78 ₹1,275 ₹1,935 74
All 24 models by family
DCF Models
FCF DCF ₹562.54 ₹921.06 ₹1,490 38
Owner Earnings ₹944.90 ₹1,558 ₹2,529 31
5Y Revenue Exit ₹738.78 ₹1,289 ₹2,025 39
5Y EBITDA Exit ₹949.72 ₹1,707 ₹2,638 41
5Y P/E Exit ₹1,050 ₹1,905 ₹2,859 38
10Y Revenue Exit ₹643.46 ₹1,132 ₹1,854 36
10Y EBITDA Exit ₹804.05 ₹1,425 ₹2,338 37
10Y P/E Exit ₹867.84 ₹1,564 ₹2,512 35
Earnings-Based
Graham-Dodd ₹641.66 ₹2,580 ₹3,508 54
Lynch FV ₹642.70 ₹918.14 ₹1,194 50
PEG = 1.0 ₹642.70 ₹918.14 ₹1,194 46
EPV ₹693.38 ₹799.22 ₹890.53 59
Multiples
P/E Multiple ₹1,415 ₹1,887 ₹2,359 63
P/S Multiple ₹891.92 ₹1,189 ₹1,487 58
P/B Multiple ₹1,203 ₹1,604 ₹2,005 55
EV/EBIT ₹1,290 ₹1,712 ₹2,134 53
EV/EBITDA ₹1,270 ₹1,686 ₹2,102 54
EV/Revenue ₹855.51 ₹1,212 ₹1,569 43
Asset-Based
NCAV (Graham) ₹482.30 ₹646.28 ₹964.60 50
Growth DCF
Growth DCF ₹562.42 ₹899.40 ₹1,420 80
Rev-Margin DCF ₹738.78 ₹1,275 ₹1,935 74
Economic Profit
Residual Income ₹829.88 ₹913.92 ₹1,310 76
ROIC Compounder ₹693.38 ₹799.22 ₹890.53 72
Growth Earnings
Growth-Adj P/E ₹1,094 ₹1,563 ₹2,032 68

Widest divergence: Multiples (₹1,604) versus Asset-Based (₹646.28). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.2B
Revenue growth (YoY) +10.2%
Net margin 21.4%
Return on equity 10.9%
Free cash flow ₹204M FY2026
P/E ratio 17.3 as of Jul 4, 2026
More key figures
Operating margin 22.2%
EPS (TTM) ₹57.77
Dividend yield 0.5%
EPS growth (YoY) +37.0%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 62 · Market factors (momentum, volatility) 39

Profitability 53
Margins and returns on capital today
Quality Growth 61
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 81
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

Voith Paper Fabrics India Limited manufactures and sells paper machine clothing for pulp, paper and paperboard, and fiber cement industries. It offers forming, press, and dryer fabrics, as well as fabrics used for making fiber cement sheets and pipes. The company also provides range of roll covers and doctor blades for various types of paper machines.

Full company description

Voith Paper Fabrics India Limited manufactures and sells paper machine clothing for pulp, paper and paperboard, and fiber cement industries. It offers forming, press, and dryer fabrics, as well as fabrics used for making fiber cement sheets and pipes. The company also provides range of roll covers and doctor blades for various types of paper machines. It operates in India, Europe, East Asia, South East Asia, the Middle East, North America, and South Asia. The company was formerly known as Porritts & Spencer (Asia) Limited and changed its name to Voith Paper Fabrics India Limited in 2007. Voith Paper Fabrics India Limited was incorporated in 1968 and is based in Faridabad, India. Voith Paper Fabrics India Limited is a subsidiary of VP Auslandsbeteiligungen GmbH.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Voith Paper Fabrics India Limited reported revenue of ₹2.1B in FY2026 versus ₹1.5B in FY2022, a compound +9.5%/yr. Reported net income was ₹414M in FY2026, compounding +9.0%/yr from FY2022.

Growth Quality 74/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹2.1B
Latest YoY
+9.8%
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.
+8.3%
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.
+12.0%
Avg. growth/yr (13Y) 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.
+10.2%
Revenue +9.5%/yr
FY22 ₹1.5B
FY23 ₹1.6B
FY24 ₹1.8B
FY25 ₹1.9B
FY26 ₹2.1B
Net income +9.0%/yr
FY22 ₹293M
FY23 ₹318M
FY24 ₹363M
FY25 ₹399M
FY26 ₹414M

522122 screens 18% overvalued. Compare with Klabin S.A →

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Cite: Fair Value Calculator (2026). "Voith Paper Fabrics India Limited Fair Value". https://www.fairvalue-calculator.com/stock/522122

Peer Group

Paper & Paper Products · 116 stocks

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.

Quality Score 64 · Top 25%
Fair Value upside −18% · Below median
Return on equity (TTM) 11% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 22% · Top 25%
Revenue growth 10% · Top 25%
Dividend yield (TTM) 0.5% · Bottom 25%

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

P/E (TTM) 17.3× · Cheaper than median
P/B 1.07× · Pricier than median
P/S (TTM) 3.84× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than median
EV/EBITDA 13.2× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 9 · sector 24
FUTURE 51 · sector 5
PAST 44 · sector 12
HEALTH 100 · sector 91
DIVIDEND 10 · sector 54

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.55 R$3.80 -78%
UPM-Kymmene Oyj UPM €23.18 €14.21 -39%
Suzano S.A SUZ $8.02 $23.77 +196%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 109.40 kr 49.40 -55%
Shandong Sunpaper Co 002078 ¥13.94 ¥17.29 +24%
Holmen AB HOLMB kr 314.00 kr 217.72 -31%
Nine Dragons Paper (Holdings) Limited 2689 HK$8.21 HK$8.74 +6%
Empresas CMPC S.A CMPC 1,000 CLP 1,253 CLP +25%
Xianhe Co 603733 ¥21.11 ¥21.06 -0%
Billerud AB BILL kr 77.60 kr 48.60 -37%

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Frequently asked questions

Is Voith Paper Fabrics India Limited (522122) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,220 versus a price of ₹1,490, about −18% (overvalued).
What is the fair value of 522122?
Our model-based fair value for Voith Paper Fabrics India Limited is ₹1,220 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,490.
What is the quality score of 522122?
Voith Paper Fabrics India Limited has a Quality Score of 64/100. 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 Voith Paper Fabrics India Limited (522122)?
Voith Paper Fabrics India Limited reported trailing-twelve-month revenue of about ₹1.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 522122?
The net profit margin of Voith Paper Fabrics India Limited is about 21.4%, meaning it keeps roughly 21.4% of revenue as net income. Based on the latest reported figures.
Does Voith Paper Fabrics India Limited pay a dividend?
Voith Paper Fabrics India Limited currently shows a dividend yield of about 0.50% relative to its recent price (as of Aug 13, 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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