DHP India Limited (531306) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of DHP India Limited ₹388, price ₹505, upside -23.1%, quality 62 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 ₹439.44 – ₹1,598 · fair‑value band ₹270.66 – ₹531.19 · the ₹504.80 price screens above the ₹388.23 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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DHP India Limited manufactures and sells regulators for liquefied petroleum gas (LPG) cylinders, and related accessories and parts in India. The company's products include propane, butane, and LPG regulators, as well as hose assemblies and brass fittings. It also exports its products. The company was incorporated in 1991 and is based in Kolkata, India.
Stock analysis
DHP India Limited (531306) currently trades at ₹504.80, while our model-based Fair Value estimate is ₹388.23, 23.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹626.58 per share, and 13 of the 25 models we run sit above the ₹504.80 price.
Bear case: the Dividend Discount group reads lowest at ₹50.94, and 12 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹270.66 (bear) to ₹531.19 (bull), the price of ₹504.80 sits inside 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 62/100 (solid quality), in the Industrial Goods sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
DHP India Limited reported revenue of ₹609M in FY2026 versus ₹1.2B in FY2022, a compound −15.5%/yr. Reported net income was ₹111M in FY2026, compounding −25.4%/yr from FY2022.
Key figures
Market cap ₹1.5B (≈ $15.7M) · P/E ratio 10.7 · P/S ratio 1.94 · EPS (TTM) ₹27.08 · Dividend yield 0.5% · Net margin 18.2% · Return on assets (EBIT) 9.6% · Operating margin 19.2%.
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 22% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrial Goods peers we cover trades at −11% fair-value upside, at −23%, 531306 screens richer than that median.
Fair Value models
Bear ₹270.66Fair Value ₹388.23Bull ₹531.19
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹12.53 per share) are deliberately not added.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.4%
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.
−17.6%
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.
−2.8%
Start year 2021 (pandemic). Over 10 years: +5.2% 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.
+1.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−13.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−13.7%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13.7% vs 3.4%, slowing
Profit margin 2021 to 2026 ⓘ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.39% → 20%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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 “Machine Tools & Accessories” was too small, so the broader sector is used.)Industrials · 5314 stocks
Beats the sector median on 6/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−11.5% · Above median
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)18.9% · Top 25%
Operating margin (TTM)19.2% · Top 25%
Growth and dividend
Revenue growth−42.9% · Bottom 25%
Dividend yield (TTM)0.5% · Bottom 25%
Valuation Multiplesvs Industrials median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "DHP India Limited Fair Value". https://www.fairvalue-calculator.com/stock/531306
Frequently asked questions
Is DHP India Limited (531306) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹388.23 versus a price of ₹504.80, about −23% upside (overvalued).
What is the fair value of 531306?
Our model-based fair value for DHP India Limited is ₹388.23 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹504.80.
What is the quality score of 531306?
DHP India Limited has a Quality Score of 62/100. 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 DHP India Limited (531306)?
Our model-based price target is the fair value of ₹388.23 (as of Sep 24, 2026) from 25 valuation models. Cautious scenario ₹270.66, optimistic scenario ₹531.19. It is a calculation from audited fundamentals, not an analyst target.
What is the DHP India Limited stock forecast for 2026?
Our models put fair value at ₹388.23, about −23% upside versus a price of ₹504.80 (overvalued). Cautious scenario ₹270.66, optimistic scenario ₹531.19. The calculation is refreshed regularly with new filings.
What is the revenue of DHP India Limited (531306)?
DHP India Limited reported trailing-twelve-month revenue of about ₹429M (latest available figure, as of Sep 24, 2026).
Does DHP India Limited pay a dividend?
DHP India Limited currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 24, 2026).
What growth is priced into DHP India Limited (531306)?
For today's price to be fair in a discounted-cash-flow model, DHP India Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -2.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 531306 use?
Our models discount DHP India Limited at 12.9 %: a base by market capitalisation (nano), damped by beta 1.19, 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 DHP India Limited that is less than minus 40 % per year a year over ten years, using the same discount rate (12.9 %) and the same formula as our fair value.
How much growth has DHP India Limited (531306) delivered so far?
Over the past 5 years revenue at DHP India Limited grew -2.8 % a year. The price currently implies less than minus 40 % 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.
What is the free cash flow yield of DHP India Limited (531306)?
The free-cash-flow yield on the price is 5.92 %: that much free cash flow DHP India Limited produces per unit of market value. When it exceeds the discount rate of our models (12.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DHP India Limited (531306)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DHP India Limited it is ₹388.23 per share (as of Sep 24, 2026), against a price of ₹504.80. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is DHP India Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 531306 trades above its calculated fair value: price ₹504.80, fair value ₹388.23, a gap of about −23% (overvalued). 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 531306?
No. The price is what the market pays today (₹504.80); the fair value is what the company's own numbers justify (₹388.23). For DHP India Limited the two are ₹116.57 per share apart. That gap is exactly why we show both numbers side by side.
How much is DHP India Limited worth?
The market values DHP India Limited at about ₹1.5B (market capitalisation, as of Sep 24, 2026). Per share that is ₹504.80; our models calculate a fair value of ₹388.23 per share.
What do the bullish and bearish scenarios say about 531306?
Our models span a range for DHP India Limited: cautious scenario ₹270.66, base ₹388.23, optimistic ₹531.19 per share (as of Sep 24, 2026, price ₹504.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 531306?
DHP India Limited trades at a price-to-earnings ratio of 10.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹388.23 is built from several models across several years. Other multiples: P/B 0.6, P/S 3.5, EV/EBITDA 15.0.
How far is 531306 from its 52-week high?
DHP India Limited trades at ₹504.80, about 22% below its 52-week high of ₹644.02 and 15% above the low of ₹439.44 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹388.23 is for.
Which stocks are comparable to DHP India Limited?
From the same area (Industrial Goods) we also value FRONTSP, FLUIDOM, DHPIND, Hittco Tools Limited, 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 DHP India Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹504.80, calculated fair value ₹388.23 (−23%), Quality Score 62/100, from 25 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 531306 calculated?
We run DHP India Limited through 25 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 ₹388.23, 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. DHP India Limited itself currently trades above fair value. 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 DHP India Limited (531306)?
The closing price on Oct 1, 2026 was ₹504.80. Our model-based fair value is ₹388.23, about −23% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DHP India Limited right now?
Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹270.66 to ₹531.19) leaves room in how you read the outcome.
Key figures of DHP India Limited
How large is the market capitalisation of DHP India Limited (531306)?
The market capitalisation of DHP India Limited is ₹1.5B (≈ $15.7M). 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 DHP India Limited (531306)?
The price-to-sales ratio of DHP India Limited is 1.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DHP India Limited (531306)?
Earnings per share at DHP India Limited are ₹27.08 (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DHP India Limited (531306)?
The dividend yield of DHP India Limited is 0.5% (payout 9.2%). 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 DHP India Limited (531306)?
The net margin of DHP India Limited is 18.2% (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 EBIT return on assets of DHP India Limited (531306)?
On an EBIT basis the return on assets of DHP India Limited is 9.6% (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 DHP India Limited (531306)?
The operating margin of DHP India Limited is 19.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DHP India Limited (531306)?
Revenue at DHP India Limited is growing −42.9% versus a year earlier (3y avg −17.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DHP India Limited (531306)?
Earnings per share at DHP India Limited are growing +291% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DHP India Limited (531306) carry?
The net debt of DHP India Limited is ₹61.2M (fiscal year 2026, ≈ 0.7 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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