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Duncan Engineering Ltd-$ (DUNCANENG) Fair Value & Analysis

Industrials · IN · Market cap ₹1.4B

DE Duncan Engineering Ltd-$ DUNCANENG · BSE
Price₹354.00
Fair Value₹126.53
Upside-64.3%
Quality55/100
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Strengths

Ranks above peers (9/13)

Risks

!Trades 64% ABOVE our fair value of ₹126.53
!Expensive Growth
!Thin margins · 6.0% net margin
!Low debt · negative free cash flow
Expensive Growth
Thin margins · 6.0% net margin
Low debt · negative free cash flow
0.84% dividend yield
Ranks above peers (9/13)
Narrow moat 36/100
Evidence: High Range ₹123.19 – ₹126.53 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 8 days ago

A solid business, but screening 64% overvalued on our models.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (₹126.53). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (₹123.19 to ₹126.53), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

₹882.99 ₹103.13 Fair Value ₹126.53 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹103.13 – ₹882.99 · fair‑value band ₹123.19 – ₹126.53 · the ₹354.00 price screens above the ₹126.53 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Duncan Engineering Ltd-$ (DUNCANENG) currently trades at ₹354.00, while our model-based Fair Value estimate is ₹126.53, implying the stock looks roughly 64.3% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Industrials 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, Duncan Engineering Ltd-$ generated revenue of ₹807M at a net margin of 6.0%. Revenue grew 20.8% year over year. It earns a return on equity of 8.3%. Net debt stands at ₹34.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹123.19 (bear case) to ₹126.53 (bull case); at ₹354.00, 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 37% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -64%, DUNCANENG screens richer 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 ₹128.41 ₹134.10 ₹140.56 76
ROIC Compounder ₹90.39 ₹102.69 ₹112.95 72
Gordon GGM ₹23.31 ₹42.00 ₹57.82 70
All 17 models by family
DCF Models
Owner Earnings ₹155.96 ₹218.38 ₹298.87 31
Earnings-Based
Graham-Dodd ₹89.42 ₹247.38 ₹324.90 54
Lynch FV ₹49.43 ₹70.61 ₹91.80 50
PEG = 1.0 ₹49.43 ₹70.61 ₹91.80 46
EPV ₹90.39 ₹102.69 ₹112.95 59
Dividend Discount
Gordon GGM ₹23.31 ₹42.00 ₹57.82 70
DDM Multi-Stage ₹23.31 ₹34.54 ₹44.83 61
Multiples
P/E Multiple ₹207.11 ₹276.14 ₹345.18 63
P/S Multiple ₹167.66 ₹223.54 ₹279.43 58
P/B Multiple ₹167.66 ₹223.54 ₹279.43 55
EV/EBIT ₹159.94 ₹213.20 ₹266.46 53
EV/EBITDA ₹194.71 ₹259.56 ₹324.42 54
EV/Revenue ₹114.20 ₹163.07 ₹211.95 43
Asset-Based
NCAV (Graham) ₹82.19 ₹110.13 ₹164.38 50
Economic Profit
Residual Income ₹128.41 ₹134.10 ₹140.56 76
ROIC Compounder ₹90.39 ₹102.69 ₹112.95 72
Growth Earnings
Growth-Adj P/E ₹164.67 ₹235.24 ₹305.82 68

Widest divergence: Growth Earnings (₹235.24) versus Dividend Discount (₹34.54). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹807M
Revenue growth (YoY) +20.8%
Net margin 6.0%
Return on equity 8.3%
Free cash flow −₹19.3M FY2026
P/E ratio 26.9
More key figures
Operating margin 8.7%
EPS (TTM) ₹13.14
Dividend yield 0.8%
EPS growth (YoY) -5.6%
Net debt ₹34.1M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 23

Profitability 56
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 51
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

Duncan Engineering Limited manufactures, assembles, and trades in fluid power and automation products in India and internationally.

Full company description

Duncan Engineering Limited manufactures, assembles, and trades in fluid power and automation products in India and internationally. The company's products portfolio includes fluid power and automation products, such as air and hydraulic cylinders, pneumatic valves and accessories, positioners, air preparation units, and tubing and fitting products; valve automation systems, including rotary actuators, limit switch boxes, solenoid valves, coils, exhaust valves, speed controllers, and ball and butterfly valves; and control cards, valve stands, enclosed panels, and positioner cylinders. It also offers off-highway tire valves and tire accessories that include valve accessories, high pressure valves and inflating connections, bore valve extensions, tubeless non swivel valves, tubeless single bend swivel valves, and garage and in-plant service equipment, as well as tubeless tire valves and tire repair products. The company's products are used in metals, steel, energy and environment, cement, printing and packaging, pharmaceutical, machine tools, material handling, process, construction machinery, and other general engineering industries. It distributes its products through a network of sales offices, and channel partners and distributors. The company was formerly known as Schrader Duncan Limited and changed its name to Duncan Engineering Limited in December 2016. The company was incorporated in 1961 and is headquartered in Pune, India. Duncan Engineering Limited is a subsidiary of Oriental Carbon & Chemicals Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Duncan Engineering Ltd-$ reported revenue of ₹807M in FY2026 versus ₹557M in FY2022, a compound +9.7%/yr. Reported net income was ₹48.6M in FY2026, compounding −6.1%/yr from FY2022.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹807M
Latest YoY
−4.8%
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.
+4.8%
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.
+14.3%
Avg. growth/yr (7Y) 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.
+8.9%
Revenue +9.7%/yr
FY22 ₹557M
FY23 ₹700M
FY24 ₹651M
FY25 ₹847M
FY26 ₹807M
Net income −6.1%/yr
FY22 ₹62.4M
FY23 ₹99.0M
FY24 ₹68.7M
FY25 ₹52.1M
FY26 ₹48.6M

DUNCANENG screens 64% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Duncan Engineering Ltd-$ Fair Value". https://www.fairvalue-calculator.com/stock/DUNCANENG

Peer Group

Specialty Industrial Machinery · 818 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 55 · Above median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 8% · Above median
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 21% · Top 25%
Dividend yield (TTM) 0.8% · Below median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 26.9× · Cheaper than median
P/B 2.32× · Pricier than median
P/S (TTM) 1.75× · Cheaper than median
EV/EBITDA 21.0× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE100 · sector 22
PAST33 · sector 28
HEALTH100 · sector 95
DIVIDEND17 · sector 27

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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1SIE 1SIE €275.55 €91.93 -67%
SMNS SMNS C$33.09 C$22.75 -31%
Atlas Copco AB ATCOA kr 202.30 kr 112.59 -44%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹425.20 ₹78.13 -82%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%
Airtac International Group 1590 1,470 TWD 853.70 TWD -42%
Suzlon Energy Limited SUZLON ₹47.35 ₹26.64 -44%

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Frequently asked questions

Is Duncan Engineering Ltd-$ (DUNCANENG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹126.53 versus a price of ₹354.00, about −64% (overvalued).
What is the fair value of DUNCANENG?
Our model-based fair value for Duncan Engineering Ltd-$ is ₹126.53 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹354.00.
What is the quality score of DUNCANENG?
Duncan Engineering Ltd-$ has a Quality Score of 55/100. 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 Duncan Engineering Ltd-$ (DUNCANENG)?
Duncan Engineering Ltd-$ reported trailing-twelve-month revenue of about ₹807M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of DUNCANENG?
The net profit margin of Duncan Engineering Ltd-$ is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does Duncan Engineering Ltd-$ pay a dividend?
Duncan Engineering Ltd-$ currently shows a dividend yield of about 0.84% relative to its recent price (as of Aug 13, 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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