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Shriram EPC Limited (532945) Fair Value & Analysis

Industrial Goods · IN · Market cap ₹3.6B

SE Shriram EPC Limited 532945 · BSE
Price₹5.91
Fair Value₹0.8000
Upside-86.5%
Quality19/100
Weak Growth
Loss-making · -11.9% net margin
Low debt
Trails peers (1/11)
Narrow moat 8/100
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Evidence: Low Range ₹0.5300 – ₹1.00 Share as image

Fair value as of: Aug 2, 2026

From 1 valuation models · updated today

Share price −9.6% over the past month.

Below-average quality, and the price sits another 86% above our fair value.

What matters now

  • The price sits above even our optimistic bull case (₹1.00). The favourable scenario is already priced in.
  • Weak quality (19/100) 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 (₹0.5300 to ₹1.00) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹30.72 ₹3.46 Fair Value ₹0.8000 Mar 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹3.46 – ₹30.72 · fair‑value band ₹0.5300 – ₹1.00 · the ₹5.91 price screens above the ₹0.8000 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Shriram EPC Limited (532945) currently trades at ₹5.91, while our model-based Fair Value estimate is ₹0.8000, implying the stock looks roughly 86.5% overvalued today. We read business quality at 19/100 (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, Shriram EPC Limited generated revenue of ₹9.6B at a net margin of -11.9%. Revenue declined 66.7% year over year. The stock trades on a trailing P/E of 21.3. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹0.5300 (bear case) to ₹1.00 (bull case); at ₹5.91, the current price sits above that range. The share trades about 57% below its 52-week high and 28% above its 52-week low. For context, the median of 10 Industrial Goods peers we cover trades at 3% fair-value upside, at -86%, 532945 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 BearBaseBull Evidence
Highest evidence
NCAV (Graham) ₹0.5977 ₹0.8000 ₹1.19 50
All 1 models by family
Asset-Based
NCAV (Graham) ₹0.5977 ₹0.8000 ₹1.19 50

Key figures & financial health

Revenue (TTM) ₹9.6B
Revenue growth (YoY) -66.7%
Net margin -11.9%
P/E ratio 21.3
Operating margin 1.0%
EPS (TTM) ₹-0.7900

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 19/100

Of which business quality 22 · Market factors (momentum, volatility) 16

Profitability 2
Margins and returns on capital today
Quality Growth 10
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)

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

Shriram EPC Limited provides integrated design, engineering, procurement, construction, and project management services in India and internationally.

Full company description

Shriram EPC Limited provides integrated design, engineering, procurement, construction, and project management services in India and internationally. The company offers turnkey contracting solutions, including design, engineering, and construction for ferrous and non-ferrous industries, cement plants, coke oven and by-product plants, process plants, and material handling plants; water and sewage treatment plants, intake wells and pump houses, underground drainage systems, water distribution, and pipe rehabilitation systems; biomass, thermal, and solar power plants, as well as wind farms; and mining and mineral processing. Shriram EPC Limited was incorporated in 2000 and is headquartered in Chennai, India.

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

Revenue & earnings trend

FY2017 – FY2021 · reported fiscal years

Shriram EPC Limited reported revenue of ₹5.8B in FY2021 versus ₹7.4B in FY2017, a compound −5.9%/yr. Reported net income was −₹1.8B in FY2021.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2021)
₹5.8B
Latest YoY
−14.4%
Avg. growth/yr (3Y)
−11.1%
Avg. growth/yr (5Y)
+1.3%
Avg. growth/yr (7Y)
−1.8%
Revenue −5.9%/yr
FY17 ₹7.4B
FY18 ₹8.3B
FY19 ₹7.4B
FY20 ₹6.8B
FY21 ₹5.8B
Net income
FY17 −₹1.4B
FY18 −₹21.0M
FY19 ₹286M
FY20 −₹810M
FY21 −₹1.8B

532945 sits 86% above fair value. Compare with KNR Constructions Limited →

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Cite: Fair Value Calculator (2026). "Shriram EPC Limited Fair Value". https://www.fairvalue-calculator.com/stock/532945

Peer Group

Industrials · 5663 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 Contractors” was too small, so the broader sector is used.)

Quality Score 20 · Bottom 25%
Fair Value upside −87% · Bottom 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) -12% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth -67% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Industrials median · lower = cheaper

P/E (TTM) 21.3× · Cheaper than median
EV/EBITDA 11.4× · 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 / 1
FUTURE 0 / 23
PAST 0 / 25
HEALTH 90 / 94
DIVIDEND 0 / 29

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 Contractors stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
KNR Constructions Limited 532942 ₹121.85 ₹476.65 +291%
Artefact Projects Limited 531297 ₹54.21 ₹96.99 +79%
Shree Cement Limited 500387 ₹26,025 ₹4,548 -83%
Siemens Limited 500550 ₹3,759 ₹933.40 -75%
Bharat Electronics Limited 500049 ₹418.00 ₹315.55 -25%
Thermax Limited 500411 ₹4,325 ₹679.90 -84%
IRB Infrastructure Developers Limited 532947 ₹21.30 ₹26.14 +23%
Raymond Limited 500330 ₹607.15 ₹731.08 +20%
Ramco Industries Limited 532369 ₹336.50 ₹348.03 +3%
Arvind Limited 500101 ₹513.55 ₹203.30 -60%

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Frequently asked questions

Is Shriram EPC Limited (532945) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹0.8000 versus a price of ₹5.91, about −86% (overvalued).
What is the fair value of 532945?
Our model-based fair value for Shriram EPC Limited is ₹0.8000 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹5.91.
What is the quality score of 532945?
Shriram EPC Limited has a Quality Score of 19/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Shriram EPC Limited (532945)?
Shriram EPC Limited reported trailing-twelve-month revenue of about ₹9.6B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of 532945?
The net profit margin of Shriram EPC Limited is about -11.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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