Deccan Cements Limited (DECCANCE) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Deccan Cements Limited stock ₹407, price ₹489, that is 16.6% below the price, quality 42 out of 100. Rating: overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range ₹388.31 – ₹1,140 · fair‑value band ₹328.46 – ₹471.84 · the ₹488.70 price screens above the ₹407.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Deccan Cements Limited engages in the manufacture and sale of cement in India.
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The company offers ordinary portland, portland pozzolana, and sulphate resistance portland cement products, as well as other specialty cement products, such as rapid hardening, sulphate-resistant, high alumina, oil well cement, and 53-S grade ordinary Portland cement for railway applications.
It also engages in the production and sale of power from thermal, hydel, and wind sources; and trades in tile adhesives. The company was incorporated in 1979 and is headquartered in Hyderabad, India.
Stock analysis
Deccan Cements Limited (DECCANCE) currently trades at ₹488.70, while our model-based Fair Value estimate is ₹407.36, 17% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹349.36 per share, and 1 of the 11 models we run sit above the ₹488.70 price.
Bear case: the Earnings-Based group reads lowest at ₹213.88, and 10 of the 11 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹328.46 (bear) to ₹471.84 (bull), the price of ₹488.70 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 42/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Deccan Cements Limited reported revenue of ₹6.4B in FY2026 versus ₹7.9B in FY2022, a compound −5.3%/yr. Reported net income was ₹286M in FY2026, compounding −24.4%/yr from FY2022.
Key figures
Market cap ₹6.9B (≈ $73.6M) Micro · P/E ratio 116.4 · P/S ratio 0.98 · EPS (TTM) ₹4.20 · Dividend yield 0.1% · Net margin 0.8% · Return on equity 3.9% · Return on assets (EBIT) 5.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −17%, DECCANCE screens cheaper than that median.
Fair Value models
Bear₹328.46Fair Value ₹407.36Bull₹471.84
Price ₹488.70 · Downside -16.6%
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 (₹2.29 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.
Best data coverage
Residual Income₹310.64₹322.62₹345.6276
Gordon GGM₹3.82₹5.54₹6.9769
DDM Multi-Stage₹3.82₹5.09₹6.1567
All 13 models by family
Earnings-Based
Graham-Dodd₹138.73₹331.95₹428.2465
PEG = 1.0₹67.07₹95.81₹124.5657
Dividend Discount
Gordon GGM₹3.82₹5.54₹6.9769
DDM Multi-Stage₹3.82₹5.09₹6.1567
Multiples
P/E Multiple₹260.13₹346.83₹433.5463
P/S Multiple₹260.13₹346.83₹433.5458
P/B Multiple₹463.02₹617.36₹771.7055
EV/EBITn/an/a₹39.5961
EV/EBITDAn/a₹74.32₹211.0862
EV/Revenuen/an/a₹22.0350
Asset-Based
NCAV (Graham)₹260.72₹349.36₹521.4454
Economic Profit
Residual Income₹310.64₹322.62₹345.6276
Growth Earnings
Growth-Adj P/E₹201.22₹287.46₹373.6967
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.14/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+20.6%
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.
−6.7%
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.
−3.5%
Start year 2021 (pandemic). Over 10 years: +0.9% a year
Revenue growth 20 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.
+8.6%
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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.
−20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.2%
Dividend (yield on the price)0.1%
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.−20.2% vs −4.6%, 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.20% → 7%
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.Building Materials · 265 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside−16.6% · Below median
Profitability
Return on equity (12 months)3.9% · Below median
Return on assets1.7% · Below median
Net margin (12 months)0.8% · Below median
Operating margin (12 months)0.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)45.7% · Top 25%
Dividend yield (12 months)0.1% · Bottom 25%
Balance sheet
Debt / equity0.74× · Highest 25%
Valuation Multiplesvs Building Materials median · lower = cheaper
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Is Deccan Cements Limited (DECCANCE) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of ₹407.36 versus a price of ₹488.70, about 17% lower (overvalued).
What is the fair value of DECCANCE?
Our model-based fair value for Deccan Cements Limited is ₹407.36 (as of Nov 9, 2026), built from audited fundamentals. The current price: ₹488.70.
What is the quality score of DECCANCE?
Deccan Cements Limited has a Quality Score of 42/100. 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 Deccan Cements Limited (DECCANCE)?
Our model-based price target is the fair value of ₹407.36 (as of Nov 9, 2026) from 13 valuation models. Cautious scenario ₹328.46, optimistic scenario ₹471.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Deccan Cements Limited stock forecast for 2026?
Our models put fair value at ₹407.36, about 17% lower versus a price of ₹488.70 (overvalued). Cautious scenario ₹328.46, optimistic scenario ₹471.84. The calculation is refreshed regularly with new filings.
What is the revenue of Deccan Cements Limited (DECCANCE)?
Deccan Cements Limited reported trailing-twelve-month revenue of about ₹7.0B (latest available figure, as of Nov 9, 2026).
Does Deccan Cements Limited pay a dividend?
Deccan Cements Limited currently shows a dividend yield of 0.10% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Deccan Cements Limited (DECCANCE) and when is the ex-dividend date?
Deccan Cements Limited pays a dividend of ₹0.5 per share a year, a dividend yield of 0.1%. The last ex-dividend date was Sep 22, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 18.9% of earnings (on adjusted earnings, reported 11.9%). Our assessment: Token dividend. At a yield of 0.1% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.1% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Deccan Cements Limited (DECCANCE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Deccan Cements Limited it is ₹407.36 per share (as of Nov 9, 2026), against a price of ₹488.70. It is the blended result of 13 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Deccan Cements Limited stock overvalued or undervalued in 2026?
As of Nov 9, 2026, DECCANCE trades above its calculated fair value: price ₹488.70, fair value ₹407.36, a gap of about −17% (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 DECCANCE?
No. The price is what the market pays today (₹488.70); the fair value is what the company's own numbers justify (₹407.36). For Deccan Cements Limited the two are ₹81.34 per share apart. That gap is exactly why we show both numbers side by side.
How much is Deccan Cements Limited worth?
The market values Deccan Cements Limited at about ₹6.9B (market capitalisation, as of Nov 9, 2026). Per share that is ₹488.70; our models calculate a fair value of ₹407.36 per share.
What do the bullish and bearish scenarios say about DECCANCE?
Our models span a range for Deccan Cements Limited: cautious scenario ₹328.46, base ₹407.36, optimistic ₹471.84 per share (as of Nov 9, 2026, price ₹488.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DECCANCE?
Deccan Cements Limited trades at a price-to-earnings ratio of 116.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹407.36 is built from several models across several years. Excluding one-off items of fiscal year 2026 it is 38.3 (reported for FY2026: 24.1). Median P/E at fiscal year-end, 9 fiscal years (2018 to 2026), reported earnings, FY2026 ex one-offs: 12.6. Other multiples: P/B 0.9, P/S 1.0, EV/EBITDA 19.6.
How solid is the balance sheet of Deccan Cements Limited (DECCANCE)?
Balance-sheet figures for Deccan Cements Limited (as of Nov 9, 2026): return on equity 3.9%, debt of 0.74 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is DECCANCE from its 52-week high?
Deccan Cements Limited trades at ₹488.70, about 52% below its 52-week high of ₹1,016 and 5% above the low of ₹467.05 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹407.36 is for.
Which stocks are comparable to Deccan Cements Limited?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 Deccan Cements Limited stock attractive at the current price?
The data as of Nov 9, 2026: price ₹488.70, calculated fair value ₹407.36 (−17%), Quality Score 42/100, from 13 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 DECCANCE calculated?
We run Deccan Cements Limited through 13 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹407.36 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. Deccan Cements 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 Deccan Cements Limited (DECCANCE)?
The closing price on Nov 11, 2026 was ₹488.70. Our model-based fair value is ₹407.36, about 17% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Deccan Cements Limited right now?
The price sits above even our optimistic bull case (₹471.84). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
Where does the earnings growth of Deccan Cements Limited (DECCANCE) come from?
Earnings per share at Deccan Cements Limited grew −4.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +2.4 %, EBIT margin −7.1 %, tax rate +1.7 %, residual (interest, one-offs) −1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Deccan Cements Limited
How large is the market capitalisation of Deccan Cements Limited (DECCANCE)?
The market capitalisation of Deccan Cements Limited is ₹6.9B (≈ $73.6M). 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 Deccan Cements Limited (DECCANCE)?
The price-to-sales ratio of Deccan Cements Limited is 0.98 (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 Deccan Cements Limited (DECCANCE)?
Earnings per share at Deccan Cements Limited are ₹4.20 (price ÷ EPS = P/E 116.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Deccan Cements Limited (DECCANCE)?
The dividend yield of Deccan Cements Limited is 0.1% (payout 18.9%, on adjusted earnings, reported 11.9%). 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 Deccan Cements Limited (DECCANCE)?
The net margin of Deccan Cements Limited 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 Deccan Cements Limited (DECCANCE)?
The return on equity (ROE) of Deccan Cements Limited is 3.9% (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 Deccan Cements Limited (DECCANCE)?
On an EBIT basis the return on assets of Deccan Cements Limited is 5.5% (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 Deccan Cements Limited (DECCANCE)?
The operating margin of Deccan Cements Limited is 0.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Deccan Cements Limited (DECCANCE)?
Revenue at Deccan Cements Limited is growing +45.7% versus a year earlier (3y avg −6.7%). 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 Deccan Cements Limited (DECCANCE)?
Earnings per share at Deccan Cements Limited are growing −40.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Deccan Cements Limited (DECCANCE) generate?
The free cash flow of Deccan Cements Limited is −₹1.5B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Deccan Cements Limited (DECCANCE) carry?
The net debt of Deccan Cements Limited is ₹6.6B (fiscal year 2026). 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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Some data
Nov 9, 2026