EN DE

Dolfin Rubbers Ltd (DOLFIN) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.7B

DR Dolfin Rubbers Ltd DOLFIN · BSE
Price₹166.20
Fair Value₹93.88
Upside-43.5%
Quality52/100
Watch Dolfin Rubbers Ltd for free, get notified when fair value or trend changes. Watch for free

Risks

!Trades 44% ABOVE our fair value of ₹93.88
!Expensive Growth
!Thin margins · 3.3% net margin
!Low debt · negative free cash flow
Expensive Growth
Thin margins · 3.3% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 42/100
Evidence: Medium Range ₹70.41 – ₹117.34 Share as image

Fair value as of: Aug 18, 2026

From 15 valuation models · updated 4 days ago

A solid business, but screening 44% overvalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Fair value for all 35,000+ stocks, review alerts and the diversification check: 14 days of Pro free, no card.

What matters now

  • The price sits above even our optimistic bull case (₹117.34). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹271.50 ₹25.60 Fair Value ₹93.88 Feb 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 18, 2026.

How to read this chart

60‑month range ₹25.60 – ₹271.50 · fair‑value band ₹70.41 – ₹117.34 · the ₹166.20 price screens above the ₹93.88 fair value. Dashed = 300-day average. As of Aug 18, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Dolfin Rubbers Ltd (DOLFIN) currently trades at ₹166.20, while our model-based Fair Value estimate is ₹93.88, implying the stock looks roughly 43.5% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical 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: medium).

Over the trailing twelve months, Dolfin Rubbers Ltd generated revenue of ₹1.7B at a net margin of 3.3%. Revenue grew 23.3% year over year. It earns a return on equity of 15.3%. Net debt stands at ₹186M. Fundamentals as of Aug 18, 2026

Our scenario range runs from ₹70.41 (bear case) to ₹117.34 (bull case); at ₹166.20, the current price sits above 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 24% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at -44%, DOLFIN 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 ₹35.77 ₹42.86 ₹86.75 76
ROIC Compounder ₹39.99 ₹53.00 ₹64.88 72
Growth-Adj P/E ₹95.95 ₹137.07 ₹178.19 68
All 15 models by family
DCF Models
Owner Earnings ₹22.52 ₹43.96 ₹80.87 31
Earnings-Based
Graham-Dodd ₹37.55 ₹226.88 ₹316.33 54
Lynch FV ₹64.79 ₹92.55 ₹120.32 50
PEG = 1.0 ₹64.79 ₹92.55 ₹120.32 46
EPV ₹39.53 ₹45.09 ₹49.73 59
Multiples
P/E Multiple ₹91.11 ₹121.49 ₹151.86 63
P/S Multiple ₹70.41 ₹93.88 ₹117.34 58
P/B Multiple ₹70.41 ₹93.88 ₹117.34 55
EV/EBIT ₹95.17 ₹127.33 ₹159.49 53
EV/EBITDA ₹79.56 ₹106.52 ₹133.47 54
EV/Revenue ₹63.73 ₹91.60 ₹119.47 43
Asset-Based
NCAV (Graham) ₹19.40 ₹26.00 ₹38.80 50
Economic Profit
Residual Income ₹35.77 ₹42.86 ₹86.75 76
ROIC Compounder ₹39.99 ₹53.00 ₹64.88 72
Growth Earnings
Growth-Adj P/E ₹95.95 ₹137.07 ₹178.19 68

Widest divergence: Growth Earnings (₹137.07) versus Asset-Based (₹26.00). Highest evidence: Residual Income (76).

Notify me when DOLFIN reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹1.7B
Revenue growth (YoY) +23.3%
Net margin 3.3%
Return on equity 15.3%
Free cash flow −₹5.3M FY2026
P/E ratio 30.1
More key figures
Operating margin 4.2%
EPS (TTM) ₹5.52
EPS growth (YoY) +5.8%
Net debt ₹186M FY2026

Figures from reported company fundamentals · as of Aug 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 52 · Market factors (momentum, volatility) 42

Profitability 66
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 71
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

Dolfin Rubbers Limited manufactures and sells auto tubes and tyres in India. The company offers E-bike, motorcycle, motorcycle rear, scooter, scooter rear, E-rickshaw, three wheeler, and tractor front tyres.

Full company description

Dolfin Rubbers Limited manufactures and sells auto tubes and tyres in India. The company offers E-bike, motorcycle, motorcycle rear, scooter, scooter rear, E-rickshaw, three wheeler, and tractor front tyres. It also provides moped, scooter, three wheeler, motorcycle, car bias, car radial, bias, ADV, tractor front, tractor trailer, bus, tractor, OTR, and industrial tubes, as well as flaps. It also exports its products. Dolfin Rubbers Limited was incorporated in 1995 and is based in Ludhiana, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dolfin Rubbers Ltd reported revenue of ₹1.7B in FY2026 versus ₹824M in FY2022, a compound +19.8%/yr. Reported net income was ₹55.4M in FY2026, compounding +18.5%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.7B
Latest YoY
+18.2%
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.
+18.6%
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.
+15.5%
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.
+16.0%
Revenue +19.8%/yr
FY22 ₹824M
FY23 ₹1.0B
FY24 ₹1.3B
FY25 ₹1.4B
FY26 ₹1.7B
Net income +18.5%/yr
FY22 ₹28.0M
FY23 ₹33.1M
FY24 ₹47.5M
FY25 ₹51.2M
FY26 ₹55.4M
Character of growth · EPS growth decomposed (2014-2025) +20.7 % p.a.
Revenue per share +11.8 pp

of which total revenue +15.3 pp · buybacks/dilution −3.5 pp

EBIT margin +5.4 pp
Tax rate +1.1 pp
Residual (interest, one-offs) +2.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

DOLFIN screens 44% overvalued. Compare with Hyundai Mobis Co →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Dolfin Rubbers Ltd Fair Value". https://www.fairvalue-calculator.com/stock/DOLFIN

Peer Group

Auto Parts · 642 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 52 · Below median
Fair Value upside −44% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 4% · Below median
Revenue growth 23% · Top 25%
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Auto Parts median · lower = cheaper

P/E (TTM) 30.1× · Pricier than median
P/B 4.37× · Pricier than 75% of peers
P/S (TTM) 1.00× · Cheaper than median
EV/EBITDA 19.0× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 17
FUTURE100 · sector 24
PAST61 · sector 28
HEALTH98 · sector 95
DIVIDEND0 · sector 31

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Auto Parts stocks, each showing price versus our Fair Value estimate (as of Aug 18, 2026).

Stock Price Fair Value vs Fair Value
Hyundai Mobis Co 012330 511,000 KRW 643,909 KRW +26%
Magna International Inc MGAN 1,122 MXN 1,142 MXN +2%
Samvardhana Motherson International Limited MOTHERSON ₹169.58 ₹80.63 -52%
Bosch Limited BOSCHLTD ₹48,700 ₹11,534 -76%
Bharat Forge Limited BHARATFORG ₹2,082 ₹393.20 -81%
Uno Minda Limited UNOMINDA ₹1,232 ₹426.57 -65%
Schaeffler India Limited SCHAEFFLER ₹4,018 ₹1,412 -65%
Hankook Tire & Technology Co 161390 71,500 KRW 196,479 KRW +175%
Balkrishna Industries Limited BALKRISIND ₹2,376 ₹1,237 -48%
Endurance Technologies Limited ENDURANCE ₹2,987 ₹1,384 -54%

Compare Dolfin Rubbers Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Evidence & backtest 34 years, survivorship-adjusted Financial calculators DCF, Graham, PEG and more

Frequently asked questions

Is Dolfin Rubbers Ltd (DOLFIN) overvalued or undervalued?
As of Aug 18, 2026, our model estimates a fair value of ₹93.88 versus a price of ₹166.20, about −44% (overvalued).
What is the fair value of DOLFIN?
Our model-based fair value for Dolfin Rubbers Ltd is ₹93.88 (as of Aug 18, 2026), built from audited fundamentals. The current price: ₹166.20.
What is the quality score of DOLFIN?
Dolfin Rubbers Ltd has a Quality Score of 52/100. 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 Dolfin Rubbers Ltd (DOLFIN)?
Dolfin Rubbers Ltd reported trailing-twelve-month revenue of about ₹1.7B (latest available figure, as of Aug 18, 2026).
What is the net profit margin of DOLFIN?
The net profit margin of Dolfin Rubbers Ltd is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. 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.

14 days Pro free · no card

Track Dolfin Rubbers Ltd and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.