Ecoboard Industries Limited (523732) Fair Value & Analysis
Industrial Goods · IN · Market cap ₹56.2M
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 5 days ago
Below-average quality, and screening another 88% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹10.75). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (₹5.38 to ₹10.75) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 ₹3.50 – ₹73.28 · fair‑value band ₹5.38 – ₹10.75 · the ₹58.99 price screens above the ₹7.21 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Ecoboard Industries Limited (523732) currently trades at ₹58.99, while our model-based Fair Value estimate is ₹7.21, implying the stock looks roughly 87.8% overvalued today. The Quality Score stands at 37/100 (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: low).
Over the trailing twelve months, Ecoboard Industries Limited generated revenue of ₹110M at a net margin of 58.3%. Revenue grew 49.5% year over year. Net debt stands at ₹72.6M. The stock trades on a trailing P/E of 0.5 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹5.38 (bear case) to ₹10.75 (bull case); at ₹58.99, 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 24% below its 52-week high and 123% above its 52-week low. For context, the median of 10 Industrial Goods peers we cover trades at -16% fair-value upside, at -88%, 523732 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 68
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
Ecoboard Industries Limited manufactures and sells laminated particle boards under the Ecoboard brand name in India. The company operates in two segments, Particle Boards and Bio Systems. Its laminated particle boards are made from agri-residues, primarily bagasse.
Full company description
Ecoboard Industries Limited manufactures and sells laminated particle boards under the Ecoboard brand name in India. The company operates in two segments, Particle Boards and Bio Systems. Its laminated particle boards are made from agri-residues, primarily bagasse. The company also provides anaerobic waste water treatment plants, which handle toxic residues spent wash and effluent of obnoxious nature from distilleries, as well as transform bio gas into fuel. It offers bio-energy, bio-CNG, and bio-manure plants for various industries, including pharmaceutical, distillery, diary, etc. The company was incorporated in 1991 and is headquartered in Pune, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Ecoboard Industries Limited reported revenue of ₹239M in FY2026 versus ₹347M in FY2022, a compound −8.9%/yr. Reported net income was −₹101M in FY2026.
523732 screens 88% overvalued. Compare with Shree Cement Limited →
Peer Group
Industrial Goods · 22 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.)
Valuation Multiples vs Industrial Goods median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 13, 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% |
| Deccan Cements Limited 502137 | ₹548.45 | ₹91.42 | -83% |
| 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% |
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Frequently asked questions
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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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