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Dhunseri Ventures Limited (DVL) Fair Value & Analysis

Financial Services · IN · Market cap ₹9.2B

DV Dhunseri Ventures Limited DVL · BSE
Price₹263.80
Fair Value₹337.66
Upside+28.0%
Quality38/100
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Strengths

Trades 28% below our fair value of ₹337.66
Highly profitable · 39.1% net margin

Risks

!Expensive Growth
!Low debt · negative free cash flow
!Moderate moat 49/100
!Evidence only medium, so the estimate is less certain
Expensive Growth
Highly profitable · 39.1% net margin
Low debt · negative free cash flow
Moderate moat 49/100
Evidence: Medium Range ₹253.25 – ₹422.08 Share as image

Fair value as of: Aug 20, 2026

From 8 valuation models · updated yesterday

Share price +8.7% over the past month.

Below-average quality, screening 28% undervalued on our models.

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What matters now

  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
  • Our model range runs from ₹253.25 (bear) to ₹422.08 (bull), base ₹337.66. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹514.10 ₹82.86 Fair Value ₹337.66 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range ₹82.86 – ₹514.10 · fair‑value band ₹253.25 – ₹422.08 · the ₹263.80 price screens below the ₹337.66 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Dhunseri Ventures Limited (DVL) currently trades at ₹263.80, while our model-based Fair Value estimate is ₹337.66, implying the stock looks roughly 28.0% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Financial Services 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: medium), always confirm before acting.

Over the trailing twelve months, Dhunseri Ventures Limited generated revenue of ₹5.0B at a net margin of 39.1%. Revenue grew 32.5% year over year. It earns a return on equity of 2.7%. Net debt stands at ₹8.6B. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹253.25 (bear case) to ₹422.08 (bull case); at ₹263.80, 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 30% below its 52-week high and 51% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -19% fair-value upside, at 28%, DVL 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 ₹664.85 ₹637.99 ₹519.55 76
Gordon GGM ₹74.65 ₹148.75 ₹225.25 70
P/E Multiple ₹253.25 ₹337.66 ₹422.08 63
All 8 models by family
Earnings-Based
Graham-Dodd ₹176.62 ₹1,139 ₹1,593 54
Lynch FV ₹330.55 ₹472.21 ₹613.87 50
Dividend Discount
Gordon GGM ₹74.65 ₹148.75 ₹225.25 70
DDM Multi-Stage ₹74.65 ₹128.55 ₹157.02 61
Multiples
P/E Multiple ₹253.25 ₹337.66 ₹422.08 63
P/B Multiple ₹331.17 ₹441.56 ₹551.95 55
Asset-Based
NCAV (Graham) ₹469.32 ₹628.89 ₹938.64 50
Economic Profit
Residual Income ₹664.85 ₹637.99 ₹519.55 76

Widest divergence: Economic Profit (₹637.99) versus Dividend Discount (₹128.55). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹5.0B
Revenue growth (YoY) +32.5%
Net margin 39.1%
Return on equity 2.7%
Free cash flow −₹8.2B FY2026
P/E ratio 10.5
More key figures
Operating margin 42.6%
EPS (TTM) ₹25.16
EPS growth (YoY) +145%
Net debt ₹8.6B FY2026

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 40

Profitability 30
Margins and returns on capital today
Quality Growth 32
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 26
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

Dhunseri Ventures Limited engages in the treasury operations in shares and securities in India. The company operates through Trading, Treasury Operations, Flexible Packaging Films, and Food and Beverages segments. It also manufactures and retails confectioneries in Singapore.

Full company description

Dhunseri Ventures Limited engages in the treasury operations in shares and securities in India. The company operates through Trading, Treasury Operations, Flexible Packaging Films, and Food and Beverages segments. It also manufactures and retails confectioneries in Singapore. In addition, the company offers bakery products; and manufactures and sells BOPET films. Further, it engages in the infrastructure business, as well as trades in commodities and PET Resin. Dhunseri Ventures Limited was formerly known as Dhunseri Petrochem Limited and changed its name to Dhunseri Ventures Limited in December 2018. The company was incorporated in 1916 and is based in Kolkata, India. Dhunseri Ventures Limited is a subsidiary of Dhunseri Investments Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Dhunseri Ventures Limited reported revenue of ₹2.9B in FY2026 versus ₹2.4B in FY2022, a compound +4.8%/yr. Reported net income was ₹910M in FY2026, compounding −29.1%/yr from FY2022.

Growth Quality 51/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.9B
Latest YoY
−35.2%
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.
+9.9%
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.
+18.7%
Avg. growth/yr (6Y) 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.
+35.6%
Revenue +4.8%/yr
FY22 ₹2.4B
FY23 ₹2.2B
FY24 ₹3.8B
FY25 ₹4.5B
FY26 ₹2.9B
Net income −29.1%/yr
FY22 ₹3.6B
FY23 ₹5.4B
FY24 ₹1.5B
FY25 ₹1.4B
FY26 ₹910M

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Cite: Fair Value Calculator (2026). "Dhunseri Ventures Limited Fair Value". https://www.fairvalue-calculator.com/stock/DVL.BSE

Peer Group

Capital Markets · 434 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 42 · Below median
Fair Value upside +28% · Above median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 39% · Top 25%
Operating margin (TTM) 43% · Above median
Revenue growth 33% · Above median
Dividend yield (TTM) 3.2% · Above median
Debt / equity 0.26× · Higher than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than median
P/B 0.28× · Cheaper than 75% of peers
P/S (TTM) 1.86× · Cheaper than median
EV/EBITDA 18.1× · Pricier than 75% of peers

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

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Meritz Financial Group 138040 118,600 KRW 52,717 KRW -56%
Korea Investment Holdings 071050 200,500 KRW 189,335 KRW -6%
NH Investment & Securities Co 005940 28,550 KRW 22,396 KRW -22%
Samsung Securities Co 016360 93,100 KRW 75,573 KRW -19%
Kiwoom Securities Co 039490 299,000 KRW 214,812 KRW -28%
SSI Securities Corporation SSI 19,400 VND 17,375 VND -10%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 294.30 ARS -6%
Daishin Securities Co 003540 26,950 KRW 48,790 KRW +81%
SK Securities Co 001515 4,285 KRW 1,395 KRW -67%

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Frequently asked questions

Is Dhunseri Ventures Limited (DVL) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹337.66 versus a price of ₹263.80, about +28% (undervalued).
What is the fair value of DVL?
Our model-based fair value for Dhunseri Ventures Limited is ₹337.66 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹263.80.
What is the quality score of DVL?
Dhunseri Ventures Limited has a Quality Score of 38/100. 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 Dhunseri Ventures Limited (DVL)?
Dhunseri Ventures Limited reported trailing-twelve-month revenue of about ₹5.0B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of DVL?
The net profit margin of Dhunseri Ventures Limited is about 39.1%, meaning it keeps roughly 39.1% 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.

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