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Agarwal Industrial Corporation (AGARIND) Fair Value & Analysis

Basic Materials · IN · Market cap ₹7.5B

AI Agarwal Industrial Corporation AGARIND · BSE
Price₹500.70
Fair Value₹495.14
Upside-1.1%
Quality43/100
Mixed Growth
Thin margins · 2.6% net margin
Low debt · generates free cash flow
0.66% dividend yield
Narrow moat 28/100
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Evidence: High Range ₹371.35 – ₹618.92 Share as image

Fair value as of: Aug 3, 2026

From 23 valuation models · updated today

Share price −5.6% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹371.35 (bear) to ₹618.92 (bull), base ₹495.14. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 43/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹1,360 ₹146.53 Fair Value ₹495.14 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 3, 2026.

How to read this chart

60‑month range ₹146.53 – ₹1,360 · fair‑value band ₹371.35 – ₹618.92 · the ₹500.70 price screens above the ₹495.14 fair value. Dashed = 300-day average. As of Aug 3, 2026.

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Analysis

Agarwal Industrial Corporation (AGARIND) currently trades at ₹500.70, while our model-based Fair Value estimate is ₹495.14, implying the stock looks roughly 1.1% fairly valued today. We read business quality at 43/100 (below-average quality), in the Basic Materials 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, Agarwal Industrial Corporation generated revenue of ₹16.5B at a net margin of 2.6%. Revenue declined 50.8% year over year. It earns a return on equity of 6.6%. Net debt stands at ₹2.9B. Fundamentals as of Aug 3, 2026

Our scenario range runs from ₹371.35 (bear case) to ₹618.92 (bull case); at ₹500.70, the current price sits within that range. The share trades about 50% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -67% fair-value upside, at -1%, AGARIND 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 BearBaseBull Evidence
Highest evidence
Growth DCF ₹832.20 ₹1,391 ₹2,258 80
Residual Income ₹360.75 ₹372.17 ₹376.94 76
Rev-Margin DCF ₹505.35 ₹809.28 ₹1,189 74
All 23 models by family
DCF Models
FCF DCF ₹833.19 ₹1,430 ₹2,382 38
5Y Revenue Exit ₹505.35 ₹805.16 ₹1,190 39
5Y EBITDA Exit ₹707.24 ₹1,207 ₹1,811 41
5Y P/E Exit ₹512.21 ₹818.80 ₹1,150 38
10Y Revenue Exit ₹602.20 ₹913.97 ₹1,347 36
10Y EBITDA Exit ₹743.66 ₹1,196 ₹1,839 37
10Y P/E Exit ₹619.03 ₹923.54 ₹1,316 35
Earnings-Based
Graham-Dodd ₹198.05 ₹807.65 ₹1,099 54
Lynch FV ₹202.45 ₹289.22 ₹375.98 50
PEG = 1.0 ₹202.45 ₹289.22 ₹375.98 46
EPV ₹237.78 ₹283.61 ₹323.15 59
Multiples
P/E Multiple ₹436.88 ₹582.51 ₹728.14 63
P/S Multiple ₹371.35 ₹495.14 ₹618.92 58
P/B Multiple ₹371.35 ₹495.14 ₹618.92 55
EV/EBIT ₹536.52 ₹732.85 ₹929.18 53
EV/EBITDA ₹711.86 ₹966.64 ₹1,221 54
EV/Revenue ₹344.55 ₹514.71 ₹684.86 43
Asset-Based
NCAV (Graham) ₹230.32 ₹308.63 ₹460.64 50
Growth DCF
Growth DCF ₹832.20 ₹1,391 ₹2,258 80
Rev-Margin DCF ₹505.35 ₹809.28 ₹1,189 74
Economic Profit
Residual Income ₹360.75 ₹372.17 ₹376.94 76
ROIC Compounder ₹237.78 ₹283.61 ₹323.15 72
Growth Earnings
Growth-Adj P/E ₹341.26 ₹487.52 ₹633.77 68

Widest divergence: DCF Models (₹923.54) versus Economic Profit (₹283.61). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹16.5B
Revenue growth (YoY) -50.8%
Net margin 2.6%
Return on equity 6.6%
Free cash flow ₹1.1B FY2026
P/E ratio 17.2
More key figures
Operating margin 4.7%
EPS (TTM) ₹29.14
Dividend yield 0.7%
EPS growth (YoY) -48.4%
Net debt ₹2.9B FY2026

Figures from reported company fundamentals · as of Aug 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 53 · Market factors (momentum, volatility) 32

Profitability 51
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 59
Calm price path (market factor)
Momentum 27
Price trend over the last 3–12 months (market factor)
52W Momentum 11
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

Agarwal Industrial Corporation Limited engages in manufactures and trades petrochemicals in India and internationally. It operates through Ancillary Infra - Bitumen & Allied Products, Petroleum Vessels Operating and Chartering, Petroleum Products, Logistics, and Windmill segments.

Full company description

Agarwal Industrial Corporation Limited engages in manufactures and trades petrochemicals in India and internationally. It operates through Ancillary Infra - Bitumen & Allied Products, Petroleum Vessels Operating and Chartering, Petroleum Products, Logistics, and Windmill segments. The company provides various bituminous products, including viscosity grade bitumen, industrial grade bitumen; paving grade bitumen, crumb rubber modified bitumen; polymer modified bitumen, such as ethylene vinyl acetate, ethylene butyl acrylate, ethylene ter polymer, styrene-butadiene styrene, styrene isoprene styrene; bitubond, bituplast, bituminous black, bitukote, bituprimer, cable compound, and bitufelt; bitumen insulation materials; and bitumen emulsions. It is involved in the transportation of bulk bitumen and liquefied petroleum gas; rubber processing oil; and generates power through windmills, as well as imports and stores bitumen. The company was formerly known as Bombay Baroda Roadways (India) Limited and changed its name to Agarwal Industrial Corporation Limited in March 2008. The company was incorporated in 1995 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Agarwal Industrial Corporation reported revenue of ₹16.5B in FY2026 versus ₹16.0B in FY2022, a compound +0.8%/yr. Reported net income was ₹436M in FY2026, compounding −9.1%/yr from FY2022.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹16.5B
Latest YoY
−31.1%
Avg. growth/yr (3Y)
−6.4%
Avg. growth/yr (5Y)
+12.8%
Avg. growth/yr (7Y)
+17.6%
Revenue +0.8%/yr
FY22 ₹16.0B
FY23 ₹20.2B
FY24 ₹21.3B
FY25 ₹24.0B
FY26 ₹16.5B
Net income −9.1%/yr
FY22 ₹637M
FY23 ₹923M
FY24 ₹1.1B
FY25 ₹1.2B
FY26 ₹436M

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Cite: Fair Value Calculator (2026). "Agarwal Industrial Corporation Fair Value". https://www.fairvalue-calculator.com/stock/AGARIND.BSE

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.

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Frequently asked questions

Is Agarwal Industrial Corporation (AGARIND) overvalued or undervalued?
As of Aug 3, 2026, our model estimates a fair value of ₹495.14 versus a price of ₹500.70, about −1% (fairly valued).
What is the fair value of AGARIND?
Our model-based fair value for Agarwal Industrial Corporation is ₹495.14 (as of Aug 3, 2026), built from audited fundamentals. The current price is ₹500.70.
What is the quality score of AGARIND?
Agarwal Industrial Corporation has a Quality Score of 43/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Agarwal Industrial Corporation (AGARIND)?
Agarwal Industrial Corporation reported trailing-twelve-month revenue of about ₹16.5B (latest available figure, as of Aug 3, 2026).
What is the net profit margin of AGARIND?
The net profit margin of Agarwal Industrial Corporation is about 2.6%, meaning it keeps roughly 2.6% of revenue as net income. Based on the latest reported figures.
Does Agarwal Industrial Corporation pay a dividend?
Agarwal Industrial Corporation currently shows a dividend yield of about 0.66% relative to its recent price (as of Aug 3, 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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