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Oriental Veneer Products Limited (531859) Fair Value & Analysis

Services · IN · Market cap ₹2.0B

OV Oriental Veneer Products Limited 531859 · BSE
Price₹107.30
Fair Value₹156.73
Upside+46.1%
Quality28/100
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Expensive Growth
Thin margins · 9.1% net margin
Low debt · negative free cash flow
0.51% dividend yield
Ranks above peers (9/13)
Moderate moat 49/100
Evidence: High Range ₹113.57 – ₹195.91 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 5 days ago

Below-average quality, screening 46% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹113.57). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

₹436.36 ₹34.07 Fair Value ₹156.73 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 ₹34.07 – ₹436.36 · fair‑value band ₹113.57 – ₹195.91 · the ₹107.30 price screens below the ₹156.73 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Oriental Veneer Products Limited (531859) currently trades at ₹107.30, while our model-based Fair Value estimate is ₹156.73, implying the stock looks roughly 46.1% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Oriental Veneer Products Limited generated revenue of ₹2.7B at a net margin of 9.1%. Revenue declined 4.7% year over year. Net debt stands at ₹2.2B. The stock trades on a trailing P/E of 8.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹113.57 (bear case) to ₹195.91 (bull case); at ₹107.30, the current price sits below 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 42% below its 52-week high and 6% above its 52-week low. For context, the median of 10 Services peers we cover trades at -47% fair-value upside, at 46%, 531859 screens cheaper 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
Residual Income ₹64.48 ₹70.05 ₹85.60 76
ROIC Compounder ₹131.14 ₹175.94 ₹222.46 72
Growth-Adj P/E ₹147.22 ₹210.31 ₹273.40 68
All 15 models by family
DCF Models
Owner Earnings ₹75.17 ₹143.04 ₹268.95 31
Earnings-Based
Graham-Dodd ₹53.29 ₹371.61 ₹521.51 54
Lynch FV ₹109.93 ₹157.04 ₹204.15 50
PEG = 1.0 ₹109.93 ₹157.04 ₹204.15 46
EPV ₹113.22 ₹127.04 ₹138.55 59
Multiples
P/E Multiple ₹117.54 ₹156.73 ₹195.91 63
P/S Multiple ₹99.91 ₹133.22 ₹166.52 58
P/B Multiple ₹99.91 ₹133.22 ₹166.52 55
EV/EBIT ₹201.94 ₹265.28 ₹328.62 53
EV/EBITDA ₹166.29 ₹217.76 ₹269.22 54
EV/Revenue ₹140.00 ₹194.90 ₹249.80 43
Asset-Based
NCAV (Graham) ₹38.97 ₹52.22 ₹77.94 50
Economic Profit
Residual Income ₹64.48 ₹70.05 ₹85.60 76
ROIC Compounder ₹131.14 ₹175.94 ₹222.46 72
Growth Earnings
Growth-Adj P/E ₹147.22 ₹210.31 ₹273.40 68

Widest divergence: Growth Earnings (₹210.31) versus Asset-Based (₹52.22). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹2.7B
Revenue growth (YoY) -4.7%
Net margin 9.1%
Free cash flow −₹547M FY2026
P/E ratio 8.9 as of Jul 4, 2026
Operating margin 14.9%
More key figures
EPS (TTM) ₹4.49
Dividend yield 0.5%
EPS growth (YoY) -3.7%
Net debt ₹2.2B FY2026

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

Quality Score breakdown

Overall quality 28/100

Of which business quality 28 · Market factors (momentum, volatility) 17

Profitability 39
Margins and returns on capital today
Quality Growth 36
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 36
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 22
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

Oriental Veneer Products Limited manufactures wood based resin impregnated densified laminated boards (Compreg) in India.

Full company description

Oriental Veneer Products Limited manufactures wood based resin impregnated densified laminated boards (Compreg) in India. The company offers Compreg boards and laminated wood for various applications in the power and distribution transformers industry; phenol formaldehyde resins and synthetic thermosetting resins for plywood and molded goods industry; shuttering plates for the construction industry; and bonded blocks for the railway, automotive, and consumer industries. It also provides seat and berth products for railway passenger coaches; sound insulation floor boards; mobile toilet systems; head stocks; and end walls for use in railways, automotive coaches, buses, trams, and mezzanine floors of offices and factories pallets, and the industrial engineering industry. In addition, the company engages in the trade of timber woods, ferrous and nonferrous metals, casting tools, slabs, rods, section flats, and other ferrous and nonferrous products. It also exports its products. Oriental Veneer Products Limited was founded in 1991 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Oriental Veneer Products Limited reported revenue of ₹5.7B in FY2026 versus ₹1.7B in FY2022, a compound +35.0%/yr. Reported net income was ₹422M in FY2026, compounding +28.3%/yr from FY2022.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹5.7B
Latest YoY
−4.8%
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.
+20.8%
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.
+21.1%
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.
+18.9%
Revenue +35.0%/yr
FY22 ₹1.7B
FY23 ₹3.3B
FY24 ₹5.3B
FY25 ₹6.0B
FY26 ₹5.7B
Net income +28.3%/yr
FY22 ₹156M
FY23 ₹31.9M
FY24 ₹300M
FY25 ₹292M
FY26 ₹422M

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Cite: Fair Value Calculator (2026). "Oriental Veneer Products Limited Fair Value". https://www.fairvalue-calculator.com/stock/531859

Peer Group

Railroads · 114 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 28 · Bottom 25%
Fair Value upside +46% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 15% · Above median
Revenue growth -5% · Bottom 25%
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Railroads median · lower = cheaper

P/E (TTM) 8.9× · Cheaper than 75% of peers
P/B 0.47× · Cheaper than 75% of peers
P/S (TTM) 0.74× · Cheaper than median
EV/EBITDA 3.0× · Cheaper than 75% of peers

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 95 · sector 24
FUTURE 0 · sector 19
PAST 0 · sector 30
HEALTH 98 · sector 88
DIVIDEND 10 · sector 44

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

Stock Price Fair Value vs Fair Value
Union Pacific Corporation UNP $293.73 $141.29 -52%
CSX Corporation CSX $50.08 $12.62 -75%
Canadian Pacific Kansas City Limited CP $92.69 $34.23 -63%
Canadian National Railway Company CNR C$176.01 C$92.68 -47%
Norfolk Southern Corporation NSC $335.41 $114.55 -66%
Westinghouse Air Brake Technologies Corporation WAB $295.54 $144.80 -51%
Beijing-Shanghai High-Speed Railway Co 601816 ¥5.04 ¥5.65 +12%
MTR Corporation 0066 HK$32.30 HK$17.85 -45%
CRRC Corporation 601766 ¥5.98 ¥9.53 +59%
Daqin Railway Co 601006 ¥4.72 ¥6.22 +32%

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Frequently asked questions

Is Oriental Veneer Products Limited (531859) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹156.73 versus a price of ₹107.30, about +46% (undervalued).
What is the fair value of 531859?
Our model-based fair value for Oriental Veneer Products Limited is ₹156.73 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹107.30.
What is the quality score of 531859?
Oriental Veneer Products Limited has a Quality Score of 28/100. 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 Oriental Veneer Products Limited (531859)?
Oriental Veneer Products Limited reported trailing-twelve-month revenue of about ₹2.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531859?
The net profit margin of Oriental Veneer Products Limited is about 9.1%, meaning it keeps roughly 9.1% of revenue as net income. Based on the latest reported figures.
Does Oriental Veneer Products Limited pay a dividend?
Oriental Veneer Products Limited currently shows a dividend yield of about 0.51% 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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