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Epigral Limited (EPIGRAL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹47.7B

EL Epigral Limited EPIGRAL · NSE
Price₹1,101
Fair Value₹1,144
Upside+3.9%
Quality43/100
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Expensive Growth
Solidly profitable · 13.1% net margin
Low debt · negative free cash flow
0.44% dividend yield
Ranks above peers (8/13)
Moderate moat 62/100
Evidence: High Range ₹595.02 – ₹1,463 Share as image

Fair value as of: Aug 2, 2026

From 17 valuation models · updated 11 days ago

Share price +3.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹595.02 to ₹1,463) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,326 ₹400.13 Fair Value ₹1,144 Aug 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 ₹400.13 – ₹2,326 · fair‑value band ₹595.02 – ₹1,463 · the ₹1,101 price screens below the ₹1,144 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Epigral Limited (EPIGRAL) currently trades at ₹1,101, while our model-based Fair Value estimate is ₹1,144, implying the stock looks roughly 3.9% fairly valued today. The Quality Score stands at 43/100 (below-average quality), in the Basic Materials 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, Epigral Limited generated revenue of ₹25.3B at a net margin of 13.1%. Revenue grew 17.3% year over year. It earns a return on equity of 16.1%. Net debt stands at ₹5.7B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹595.02 (bear case) to ₹1,463 (bull case); at ₹1,101, 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 48% below its 52-week high and 37% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -46% fair-value upside, at 4%, EPIGRAL 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 ₹514.16 ₹708.91 ₹2,454 76
ROIC Compounder ₹850.54 ₹1,242 ₹1,567 72
Gordon GGM ₹38.99 ₹81.07 ₹128.61 70
All 17 models by family
DCF Models
Owner Earnings ₹310.01 ₹802.55 ₹1,836 31
Earnings-Based
Graham-Dodd ₹523.26 ₹3,649 ₹5,121 54
Lynch FV ₹1,386 ₹1,981 ₹2,575 50
PEG = 1.0 ₹1,386 ₹1,981 ₹2,575 46
EPV ₹682.51 ₹808.94 ₹919.57 59
Dividend Discount
Gordon GGM ₹38.99 ₹81.07 ₹128.61 70
DDM Multi-Stage ₹38.99 ₹68.36 ₹85.09 61
Multiples
P/E Multiple ₹981.10 ₹1,308 ₹1,635 63
P/S Multiple ₹650.75 ₹867.66 ₹1,085 58
P/B Multiple ₹981.10 ₹1,308 ₹1,635 55
EV/EBIT ₹853.19 ₹1,163 ₹1,473 53
EV/EBITDA ₹880.25 ₹1,199 ₹1,518 54
EV/Revenue ₹531.28 ₹791.58 ₹1,052 43
Asset-Based
NCAV (Graham) ₹257.46 ₹345.00 ₹514.92 50
Economic Profit
Residual Income ₹514.16 ₹708.91 ₹2,454 76
ROIC Compounder ₹850.54 ₹1,242 ₹1,567 72
Growth Earnings
Growth-Adj P/E ₹1,636 ₹2,338 ₹3,039 68

Widest divergence: Growth Earnings (₹2,338) versus Dividend Discount (₹68.36). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹25.3B
Revenue growth (YoY) +17.3%
Net margin 13.1%
Return on equity 16.1%
Free cash flow −₹65.3M FY2026
P/E ratio 14.3
More key figures
Operating margin 17.4%
EPS (TTM) ₹76.99
Dividend yield 0.4%
EPS growth (YoY) -6.8%
Net debt ₹5.7B FY2026

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 36

Profitability 56
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 65
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

Epigral Limited manufactures and sells chlor-alkali and derivative products in India and internationally. The company offers chlorinated polyvinyl chloride (CPVC) resin, epichlorohydrin, chloromethanes value chain, hydrogen peroxide, caustic soda and potash, chlorine, hydrogen, chloromethanes, captive power plant (CPP), and chlorotoluene value chain, as …

Full company description

Epigral Limited manufactures and sells chlor-alkali and derivative products in India and internationally. The company offers chlorinated polyvinyl chloride (CPVC) resin, epichlorohydrin, chloromethanes value chain, hydrogen peroxide, caustic soda and potash, chlorine, hydrogen, chloromethanes, captive power plant (CPP), and chlorotoluene value chain, as well as operates wind-solar hybrid power plant. Its products are used in CPVC pipes and fittings, windmills, construction, paints and coatings, electronics, water treatment, agrochemicals, pharmaceuticals, refineries, soap and detergents, fluoropolymers, paper and pulp, textiles, alumina, polyurethane foam, lithium, and polytetrafluoroethylene (PTFE) pipes. The company was formerly known as Meghmani Finechem Limited and changed its name to Epigral Limited in August 2023. Epigral Limited was incorporated in 2007 and is based in Ahmedabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Epigral Limited reported revenue of ₹25.0B in FY2026 versus ₹15.5B in FY2022, a compound +12.6%/yr. Reported net income was ₹3.3B in FY2026, compounding +7.0%/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)
₹25.0B
Latest YoY
−2.1%
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.
+24.8%
Avg. growth/yr (11Y) 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.
+19.5%
Revenue +12.6%/yr
FY22 ₹15.5B
FY23 ₹21.7B
FY24 ₹18.9B
FY25 ₹25.5B
FY26 ₹25.0B
Net income +7.0%/yr
FY22 ₹2.5B
FY23 ₹3.5B
FY24 ₹2.0B
FY25 ₹3.6B
FY26 ₹3.3B
Character of growth · EPS growth decomposed (2015-2026) +27.3 % p.a.
Revenue per share +29.4 pp

of which total revenue +22.2 pp · buybacks/dilution +7.2 pp

EBIT margin −7.6 pp
Tax rate −0.9 pp
Residual (interest, one-offs) +6.4 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). "Epigral Limited Fair Value". https://www.fairvalue-calculator.com/stock/EPIGRAL

Peer Group

Chemicals · 341 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 43 · Below median
Fair Value upside +4% · Above median
Return on equity (TTM) 16% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 17% · Top 25%
Revenue growth 17% · Above median
Dividend yield (TTM) 0.4% · Below median
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Chemicals median · lower = cheaper

P/E (TTM) 14.3× · Cheaper than 75% of peers
P/B 2.15× · Pricier than median
P/S (TTM) 1.89× · Pricier than median
EV/EBITDA 9.1× · 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 39 · sector 0
FUTURE 87 · sector 21
PAST 64 · sector 19
HEALTH 93 · sector 94
DIVIDEND 9 · sector 27

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

Stock Price Fair Value vs Fair Value
BASF SE BASN 1,034 MXN 532.13 MXN -49%
Ningxia Baofeng Energy Group 600989 ¥20.32 ¥20.17 -1%
Zhejiang Juhua Co 600160 ¥42.85 ¥23.35 -46%
PT Barito Pacific Tbk, BRPT 1,690 IDR 1,628 IDR -4%
LG Chem, Ltd 051910 260,500 KRW 587,755 KRW +126%
Formosa Chemicals & Fibre Corporation 1326 66.10 TWD 6.79 TWD -90%
PTT Global Chemical Public Company PTTGC 35.50 THB 18.21 THB -49%
542812 542812 ₹4,369 ₹791.05 -82%
Indorama Ventures Public Company IVL 24.50 THB 17.95 THB -27%
Navin Fluorine International Limited NAVINFLUOR ₹8,650 ₹2,146 -75%

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Frequently asked questions

Is Epigral Limited (EPIGRAL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹1,144 versus a price of ₹1,101, about +4% (fairly valued).
What is the fair value of EPIGRAL?
Our model-based fair value for Epigral Limited is ₹1,144 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹1,101.
What is the quality score of EPIGRAL?
Epigral Limited has a Quality Score of 43/100. 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 Epigral Limited (EPIGRAL)?
Epigral Limited reported trailing-twelve-month revenue of about ₹25.3B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of EPIGRAL?
The net profit margin of Epigral Limited is about 13.1%, meaning it keeps roughly 13.1% of revenue as net income. Based on the latest reported figures.
Does Epigral Limited pay a dividend?
Epigral Limited currently shows a dividend yield of about 0.44% 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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