John Cockerill India Ltd-$ (COCKERILL) fair value: what the stock is really worth
As of Oct 26, 2026: fair value (intrinsic value) of John Cockerill India Ltd-$ stock ₹771, price ₹6,718, upside -88.5%, quality 64 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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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 Oct 26, 2026.
How to read this chart
60‑month range ₹806.52 – ₹10,295 · fair‑value band ₹613.48 – ₹928.36 · the ₹6,718 price screens above the ₹770.92 fair value. Dashed = 300-day average. As of Oct 26, 2026.
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John Cockerill India Limited engages in design, engineering, manufacturing, and installation of cold rolling mill complexes, processing lines, and chemical and thermal treatment in India, Belgium, Spain, the United States, and internationally.
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It also provides galvanizing lines, continuous annealing and galvanizing lines, color coating lines, tension levelling lines, rewinding lines, skin pass mills, acid regeneration plants, wet flux lines, and pickling lines for ferrous and non-ferrous industries.
The company was formerly known as CMI FPE Limited and changed its name to John Cockerill India Limited in June 2020. John Cockerill India Limited was incorporated in 1986 and is headquartered in Mumbai, India. John Cockerill India Limited is a subsidiary of John Cockerill SA.
Stock analysis
John Cockerill India Ltd-$ (COCKERILL) currently trades at ₹6,718, while our model-based Fair Value estimate is ₹770.92, 88.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹1,768 per share, and 0 of the 24 models we run sit above the ₹6,718 price.
Bear case: the Asset-Based group reads lowest at ₹253.23, and 24 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹613.48 (bear) to ₹928.36 (bull), the price of ₹6,718 sits above 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 64/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
John Cockerill India Ltd-$ reported revenue of ₹3.6B in FY2026 versus ₹1.9B in FY2021, a compound +12.9%/yr. Reported net income was ₹103M in FY2026.
Key figures
Market cap ₹39.4B (≈ $413M) Small · P/E ratio 766.0 · P/S ratio 7.47 · EPS (TTM) ₹8.77 · Net margin 0.8% · Return on equity 8.0% · Return on assets (EBIT) −0.4% · Operating margin −10.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 24 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 65% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −89%, COCKERILL screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹0.1600 to ₹2,933). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹613.48Fair Value ₹770.92Bull₹928.36
Price ₹6,718 · Upside -88.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹5.05 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.Coverage ⓘCoverage = 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
−7.5%
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.
−9.5%
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.
+12.9%
Start year 2021 (pandemic)
Revenue growth 6 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.
+0.3%
’20
’21
’22
’23
’25
’26
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.
−6.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.5% → −3%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+19.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +14.4% a year for the price.
Compare John Cockerill India Ltd-$ with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Metal Fabrication · 255 stocks
Beats the industry median on 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside−88.5% · Bottom 25%
Profitability
Return on equity (12 months)8.0% · Above median
Return on assets1.5% · Below median
Net margin (12 months)0.8% · Below median
Operating margin (12 months)−10.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)263.6% · Top 25%
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
P/E (12 months)766.0× · Priciest 25%
P/B18.73× · Priciest 25%
P/S (12 months)7.47× · Priciest 25%
Price / free cash flow25.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 65
PAST (return on equity)32· sector 23
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 24
VALUE 0: the price sits above our fair-value range.
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). "John Cockerill India Ltd-$ Fair Value". https://www.fairvalue-calculator.com/stock/COCKERILL
Frequently asked questions
Is John Cockerill India Ltd-$ (COCKERILL) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of ₹770.92 versus a price of ₹6,718, about −89% upside (overvalued).
What is the fair value of COCKERILL?
Our model-based fair value for John Cockerill India Ltd-$ is ₹770.92 (as of Oct 26, 2026), built from audited fundamentals. The current price: ₹6,718.
What is the quality score of COCKERILL?
John Cockerill India Ltd-$ has a Quality Score of 64/100. 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 John Cockerill India Ltd-$ (COCKERILL)?
Our model-based price target is the fair value of ₹770.92 (as of Oct 26, 2026) from 24 valuation models. Cautious scenario ₹613.48, optimistic scenario ₹928.36. It is a calculation from audited fundamentals, not an analyst target.
What is the John Cockerill India Ltd-$ stock forecast for 2026?
Our models put fair value at ₹770.92, about −89% upside versus a price of ₹6,718 (overvalued). Cautious scenario ₹613.48, optimistic scenario ₹928.36. The calculation is refreshed regularly with new filings.
What is the revenue of John Cockerill India Ltd-$ (COCKERILL)?
John Cockerill India Ltd-$ reported trailing-twelve-month revenue of about ₹5.3B (latest available figure, as of Oct 26, 2026).
What growth is priced into John Cockerill India Ltd-$ (COCKERILL)?
For today's price to be fair in a discounted-cash-flow model, John Cockerill India Ltd-$ would have to grow free cash flow by +19.1 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.9 % per year. As of Oct 26, 2026.
What discount rate (WACC) does the fair value of COCKERILL use?
Our models discount John Cockerill India Ltd-$ at 13.5 %: a base by market capitalisation (small), damped by beta 0.89, 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 John Cockerill India Ltd-$ that is +19.1 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has John Cockerill India Ltd-$ (COCKERILL) delivered so far?
Over the past 5 years revenue at John Cockerill India Ltd-$ grew +12.9 % a year. The price currently implies +19.1 % 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.
How fast is the sector of John Cockerill India Ltd-$ (COCKERILL) growing?
The median revenue growth in the sector is +7.6 % a year. That is the yardstick for the growth priced into John Cockerill India Ltd-$ (+19.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of John Cockerill India Ltd-$ (COCKERILL)?
The free-cash-flow yield on the price is 4.61 %: that much free cash flow John Cockerill India Ltd-$ produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of John Cockerill India Ltd-$ (COCKERILL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For John Cockerill India Ltd-$ it is ₹770.92 per share (as of Oct 26, 2026), against a price of ₹6,718. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is John Cockerill India Ltd-$ stock overvalued or undervalued in 2026?
As of Oct 26, 2026, COCKERILL trades above its calculated fair value: price ₹6,718, fair value ₹770.92, a gap of about −89% (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 COCKERILL?
No. The price is what the market pays today (₹6,718); the fair value is what the company's own numbers justify (₹770.92). For John Cockerill India Ltd-$ the two are ₹5,947 per share apart. That gap is exactly why we show both numbers side by side.
How much is John Cockerill India Ltd-$ worth?
The market values John Cockerill India Ltd-$ at about ₹39.4B (market capitalisation, as of Oct 26, 2026). Per share that is ₹6,718; our models calculate a fair value of ₹770.92 per share.
What do the bullish and bearish scenarios say about COCKERILL?
Our models span a range for John Cockerill India Ltd-$: cautious scenario ₹613.48, base ₹770.92, optimistic ₹928.36 per share (as of Oct 26, 2026, price ₹6,718). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of John Cockerill India Ltd-$ (COCKERILL)?
Balance-sheet figures for John Cockerill India Ltd-$ (as of Oct 26, 2026): return on equity 8.0%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is COCKERILL from its 52-week high?
John Cockerill India Ltd-$ trades at ₹6,718, about 35% below its 52-week high of ₹10,295 and 65% above the low of ₹4,082 (as of Oct 26, 2026). Distance from the high says nothing about value: that is what the fair value of ₹770.92 is for.
Which stocks are comparable to John Cockerill India Ltd-$?
From the same area (Industrials) we also value ATI Inc, Carpenter Technology Corporation, Mueller Industries, Inc, Bharat Forge Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is John Cockerill India Ltd-$ stock attractive at the current price?
The data as of Oct 26, 2026: price ₹6,718, calculated fair value ₹770.92 (−89%), Quality Score 64/100, from 24 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 COCKERILL calculated?
We run John Cockerill India Ltd-$ through 24 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 ₹770.92, 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 12.7 % above its aggregate fair value. John Cockerill India Ltd-$ 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 John Cockerill India Ltd-$ (COCKERILL)?
The closing price on Oct 26, 2026 was ₹6,718. Our model-based fair value is ₹770.92, about −89% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with John Cockerill India Ltd-$ right now?
The price sits above even our optimistic bull case (₹928.36). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of John Cockerill India Ltd-$
How large is the market capitalisation of John Cockerill India Ltd-$ (COCKERILL)?
The market capitalisation of John Cockerill India Ltd-$ is ₹39.4B (≈ $413M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of John Cockerill India Ltd-$ (COCKERILL)?
The price-to-earnings ratio of John Cockerill India Ltd-$ is 766.0. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of John Cockerill India Ltd-$ (COCKERILL)?
The price-to-sales ratio of John Cockerill India Ltd-$ is 7.47 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of John Cockerill India Ltd-$ (COCKERILL)?
Earnings per share at John Cockerill India Ltd-$ are ₹8.77 (price ÷ EPS = P/E 766.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of John Cockerill India Ltd-$ (COCKERILL)?
The net margin of John Cockerill India Ltd-$ is 0.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of John Cockerill India Ltd-$ (COCKERILL)?
The return on equity (ROE) of John Cockerill India Ltd-$ is 8.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of John Cockerill India Ltd-$ (COCKERILL)?
On an EBIT basis the return on assets of John Cockerill India Ltd-$ is −0.4% (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 John Cockerill India Ltd-$ (COCKERILL)?
The operating margin of John Cockerill India Ltd-$ is −10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at John Cockerill India Ltd-$ (COCKERILL)?
Revenue at John Cockerill India Ltd-$ is growing +264% versus a year earlier (3y avg −1.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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Oct 26, 2026