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Inani Marbles and Industries Limited (531129) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹211M

IM Inani Marbles and Industries Limited 531129 · BSE
Price₹9.45
Fair Value₹4.72
Upside-50.1%
Quality52/100
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Weak Growth
Thin margins · 0.1% net margin
Low debt · generates free cash flow
0.83% dividend yield
Mixed vs. peers (5/11)
Narrow moat 18/100
Evidence: High Range ₹3.54 – ₹4.78 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹2.25 to ₹4.72 (+109.8%) since Aug 11, 2026.

A solid business, but screening 50% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹4.78). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹38.02 ₹8.73 Fair Value ₹4.72 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 ₹8.73 – ₹38.02 · fair‑value band ₹3.54 – ₹4.78 · the ₹9.45 price screens above the ₹4.72 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Inani Marbles and Industries Limited (531129) currently trades at ₹9.45, while our model-based Fair Value estimate is ₹4.72, implying the stock looks roughly 50.1% overvalued today. The Quality Score stands at 52/100 (solid 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: high).

Over the trailing twelve months, Inani Marbles and Industries Limited generated revenue of ₹326M at a net margin of 0.1%. Revenue grew 14.9% year over year. Net debt stands at ₹208M. The stock trades on a trailing P/E of 14.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹3.54 (bear case) to ₹4.78 (bull case); at ₹9.45, 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 60% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrial Goods peers we cover trades at -16% fair-value upside, at -50%, 531129 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 ₹7.43 ₹9.33 ₹12.17 80
Residual Income ₹19.86 ₹17.51 ₹10.26 76
Rev-Margin DCF ₹5.98 ₹8.51 ₹11.69 74
All 24 models by family
DCF Models
FCF DCF ₹7.23 ₹9.26 ₹12.52 38
Owner Earnings ₹5.46 ₹7.03 ₹9.55 31
5Y Revenue Exit ₹5.98 ₹8.29 ₹11.65 39
5Y EBITDA Exit ₹13.17 ₹20.73 ₹30.72 41
5Y P/E Exit ₹3.92 ₹4.75 ₹5.77 38
10Y Revenue Exit ₹6.42 ₹8.00 ₹9.63 36
10Y EBITDA Exit ₹10.27 ₹14.57 ₹19.18 37
10Y P/E Exit ₹5.47 ₹6.13 ₹6.69 35
Earnings-Based
Graham-Dodd ₹0.7600 ₹0.9300 ₹1.05 54
EPV ₹3.58 ₹4.08 ₹4.49 59
Dividend Discount
Gordon GGM ₹0.3200 ₹0.3400 ₹0.3700 70
DDM Multi-Stage ₹0.3200 ₹0.3700 ₹0.4300 61
Multiples
P/E Multiple ₹1.77 ₹2.36 ₹2.95 63
P/S Multiple ₹1.43 ₹1.91 ₹2.39 58
P/B Multiple ₹1.43 ₹1.91 ₹2.39 55
EV/EBIT ₹7.68 ₹10.44 ₹13.20 53
EV/EBITDA ₹21.73 ₹29.17 ₹36.60 54
EV/Revenue ₹5.32 ₹7.85 ₹10.38 43
Asset-Based
NCAV (Graham) ₹16.50 ₹22.11 ₹33.00 50
Growth DCF
Growth DCF ₹7.43 ₹9.33 ₹12.17 80
Rev-Margin DCF ₹5.98 ₹8.51 ₹11.69 74
Economic Profit
Residual Income ₹19.86 ₹17.51 ₹10.26 76
ROIC Compounder ₹3.58 ₹4.08 ₹4.49 72
Growth Earnings
Growth-Adj P/E ₹1.25 ₹1.78 ₹2.32 68

Widest divergence: Asset-Based (₹22.11) versus Dividend Discount (₹0.3400). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹326M
Revenue growth (YoY) +14.9%
Net margin 0.1%
Free cash flow ₹17.6M FY2026
P/E ratio 14.9 as of Jul 4, 2026
Operating margin 1.0%
More key figures
EPS (TTM) ₹0.0090
Dividend yield 0.8%
EPS growth (YoY) +1,000%
Net debt ₹208M FY2026

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 17

Profitability 23
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 46
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 37
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 4
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

Inani Marbles and Industries Limited manufactures, processes, and trades in marbles, granites, stone blocks, slabs, tiles, and allied products in India. Its products also comprise quartzite and sandstone. In addition, the company exports its products. Inani Marbles and Industries Limited was founded in 1987 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Inani Marbles and Industries Limited reported revenue of ₹468M in FY2026 versus ₹816M in FY2022, a compound −13.0%/yr. Reported net income was ₹1.8M in FY2026, compounding −51.3%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹468M
Latest YoY
+9.3%
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.
−13.3%
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.
−5.0%
Avg. growth/yr (12Y) 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.
−3.8%
Revenue −13.0%/yr
FY22 ₹816M
FY23 ₹718M
FY24 ₹562M
FY25 ₹428M
FY26 ₹468M
Net income −51.3%/yr
FY22 ₹32.5M
FY23 ₹5.6M
FY24 ₹15.7M
FY25 ₹7.1M
FY26 ₹1.8M

531129 screens 50% overvalued. Compare with Shree Cement Limited →

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Cite: Fair Value Calculator (2026). "Inani Marbles and Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/531129

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.)

Quality Score 52 · Below median
Fair Value upside −50% · Below median
Return on assets 0% · Above median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 15% · Top 25%
Dividend yield (TTM) 0.8% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Industrial Goods median · lower = cheaper

P/E (TTM) 14.9× · Pricier than 75% of peers
P/FCF 0.1× · 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 0 · sector 0
FUTURE 75 · sector 0
PAST 0 · sector 0
HEALTH 99 · sector 98
DIVIDEND 17 · sector 2

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.

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 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 ₹25.50 ₹22.00 -14%

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Frequently asked questions

Is Inani Marbles and Industries Limited (531129) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹4.72 versus a price of ₹9.45, about −50% (overvalued).
What is the fair value of 531129?
Our model-based fair value for Inani Marbles and Industries Limited is ₹4.72 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹9.45.
What is the quality score of 531129?
Inani Marbles and Industries Limited has a Quality Score of 52/100. 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 Inani Marbles and Industries Limited (531129)?
Inani Marbles and Industries Limited reported trailing-twelve-month revenue of about ₹326M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531129?
The net profit margin of Inani Marbles and Industries Limited is about 0.1%, meaning it keeps roughly 0.1% of revenue as net income. Based on the latest reported figures.
Does Inani Marbles and Industries Limited pay a dividend?
Inani Marbles and Industries Limited currently shows a dividend yield of about 0.83% 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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