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Dollar Industries Limited (DOLLAR) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹14.8B

DI Dollar Industries Limited DOLLAR · NSE
Price₹277.30
Fair Value₹340.32
Upside+22.7%
Quality57/100
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Healthy Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
1.12% dividend yield
Ranks above peers (11/14)
Moderate moat 46/100
Evidence: High Range ₹189.69 – ₹476.78 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹371.16 to ₹340.32 (−8.3%) since Jun 29, 2026. Share price +3.1% over the past month.

A solid business, screening 23% undervalued on our models.

What matters now

  • Solid quality (57/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹189.69 to ₹476.78) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹639.08 ₹223.30 Fair Value ₹340.32 Apr 2021 Aug 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 ₹223.30 – ₹639.08 · fair‑value band ₹189.69 – ₹476.78 · the ₹277.30 price screens below the ₹340.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Dollar Industries Limited (DOLLAR) currently trades at ₹277.30, while our model-based Fair Value estimate is ₹340.32, implying the stock looks roughly 22.7% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Dollar Industries Limited generated revenue of ₹18.8B at a net margin of 5.7%. Revenue grew 13.2% year over year. It earns a return on equity of 11.8%. Net debt stands at ₹2.9B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹189.69 (bear case) to ₹476.78 (bull case); at ₹277.30, the current price sits within 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 35% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 1% fair-value upside, at 23%, DOLLAR 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
Growth DCF ₹155.10 ₹264.69 ₹444.33 80
Residual Income ₹151.94 ₹176.95 ₹360.34 76
Rev-Margin DCF ₹215.01 ₹385.57 ₹597.13 74
All 26 models by family
DCF Models
FCF DCF ₹154.90 ₹270.41 ₹462.61 38
Owner Earnings ₹219.76 ₹381.86 ₹651.57 31
5Y Revenue Exit ₹215.01 ₹390.60 ₹626.93 39
5Y EBITDA Exit ₹240.50 ₹441.44 ₹689.36 41
5Y P/E Exit ₹237.86 ₹436.16 ₹657.91 38
10Y Revenue Exit ₹184.33 ₹342.95 ₹580.41 36
10Y EBITDA Exit ₹209.45 ₹379.52 ₹631.04 37
10Y P/E Exit ₹207.72 ₹375.72 ₹605.53 35
Earnings-Based
Graham-Dodd ₹128.80 ₹529.32 ₹721.01 54
Lynch FV ₹133.12 ₹190.17 ₹247.23 50
PEG = 1.0 ₹133.12 ₹190.17 ₹247.23 46
EPV ₹203.83 ₹238.79 ₹269.38 59
Dividend Discount
Gordon GGM ₹27.55 ₹57.27 ₹90.86 70
DDM Multi-Stage ₹27.55 ₹48.29 ₹60.11 61
Multiples
P/E Multiple ₹312.54 ₹416.72 ₹520.90 63
P/S Multiple ₹241.51 ₹322.01 ₹402.51 58
P/B Multiple ₹241.51 ₹322.01 ₹402.51 55
EV/EBIT ₹374.98 ₹501.95 ₹628.92 53
EV/EBITDA ₹310.95 ₹416.57 ₹522.20 54
EV/Revenue ₹250.83 ₹360.87 ₹470.91 43
Asset-Based
NCAV (Graham) ₹83.63 ₹112.07 ₹167.26 50
Growth DCF
Growth DCF ₹155.10 ₹264.69 ₹444.33 80
Rev-Margin DCF ₹215.01 ₹385.57 ₹597.13 74
Economic Profit
Residual Income ₹151.94 ₹176.95 ₹360.34 76
ROIC Compounder ₹217.98 ₹293.85 ₹398.38 72
Growth Earnings
Growth-Adj P/E ₹235.96 ₹337.08 ₹438.21 68

Widest divergence: DCF Models (₹379.52) versus Dividend Discount (₹48.29). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹18.8B
Revenue growth (YoY) +13.2%
Net margin 5.7%
Return on equity 11.8%
Free cash flow ₹739M FY2026
P/E ratio 13.8
More key figures
Operating margin 7.5%
EPS (TTM) ₹18.94
Dividend yield 1.1%
EPS growth (YoY) +11.3%
Net debt ₹2.9B FY2026

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

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 36

Profitability 55
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 37
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Dollar Industries Limited manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears in India.

Full company description

Dollar Industries Limited manufactures and sells hosiery products in knitted inner wears, casual wears, and thermal wears in India. The company offers vests, briefs, trunks, gym vests, socks, tank tops, crew necks, polos, henley, bermudas, capri, track pants, and joggers for men; camisoles, panties, leggings, socks, leg wears, kurti, and casual wears for women; and T-shirts, socks, and trousers for children, as well as safety mask and personal protective equipment PPE kit. It also operates power generation unit sourced from windmill and solar energies. The company offers its products under the BigBoss, J-Class, Athleisure, Missy, Champion, Force NXT, Force Gowear, Pepe jeans, Lehar, Ultra, Wintercare, and Dollar Protect brands. It also exports its products to the United Arab Emirates, Oman, Qatar, Kuwait, Bahrain, Iraq, Saudi Arabia, Afghanistan, Nepal, Myanmar, Georgia, Sri Lanka, Somalia, Tanzania, Mozambique, Nigeria, and Kenya. The company was founded in 1972 and is headquartered in Kolkata, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dollar Industries Limited reported revenue of ₹18.8B in FY2026 versus ₹13.4B in FY2022, a compound +8.8%/yr. Reported net income was ₹1.1B in FY2026, compounding −7.6%/yr from FY2022.

Growth Quality 82/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹18.8B
Latest YoY
+10.0%
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.
+10.5%
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.
+12.6%
Avg. growth/yr (15Y) 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.
+11.0%
Revenue +8.8%/yr
FY22 ₹13.4B
FY23 ₹13.9B
FY24 ₹15.7B
FY25 ₹17.1B
FY26 ₹18.8B
Net income −7.6%/yr
FY22 ₹1.5B
FY23 ₹525M
FY24 ₹902M
FY25 ₹910M
FY26 ₹1.1B
Character of growth · EPS growth decomposed (2015-2026) +13.5 % p.a.
Revenue per share +8.8 pp

of which total revenue +9.2 pp · buybacks/dilution −0.4 pp

EBIT margin +1.6 pp
Tax rate +1.7 pp
Residual (interest, one-offs) +1.5 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).

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Cite: Fair Value Calculator (2026). "Dollar Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/DOLLAR

Peer Group

Apparel Manufacturing · 214 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 57 · Above median
Fair Value upside +23% · Above median
Return on equity (TTM) 12% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 13% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.04× · Lower than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 13.8× · Cheaper than median
P/B 1.56× · Pricier than median
P/S (TTM) 0.79× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 7.6× · Cheaper 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 64 · sector 33
FUTURE 66 · sector 4
PAST 47 · sector 19
HEALTH 98 · sector 98
DIVIDEND 22 · sector 50

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

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 163.45 kr 165.47 +1%
Ralph Lauren Corporation RL $374.08 $224.21 -40%
Gildan Activewear Inc GIL C$73.17 C$32.85 -55%
LPP SA LPP 19,380 PLN 17,754 PLN -8%
Bosideng International Holdings 3998 HK$4.88 HK$5.92 +21%
Youngor Fashion Co 600177 ¥7.57 ¥5.59 -26%
Page Industries Limited PAGEIND ₹39,900 ₹12,395 -69%
Hla Group 600398 ¥6.05 ¥9.92 +64%
Eclat Textile Co 1476 333.50 TWD 357.81 TWD +7%
Youngone Corporation 111770 87,600 KRW 196,629 KRW +124%

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Frequently asked questions

Is Dollar Industries Limited (DOLLAR) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹340.32 versus a price of ₹277.30, about +23% (undervalued).
What is the fair value of DOLLAR?
Our model-based fair value for Dollar Industries Limited is ₹340.32 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹277.30.
What is the quality score of DOLLAR?
Dollar Industries Limited has a Quality Score of 57/100. 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 Dollar Industries Limited (DOLLAR)?
Dollar Industries Limited reported trailing-twelve-month revenue of about ₹18.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of DOLLAR?
The net profit margin of Dollar Industries Limited is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Dollar Industries Limited pay a dividend?
Dollar Industries Limited currently shows a dividend yield of about 1.12% relative to its recent price (as of Aug 2, 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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