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GMM Pfaudler Limited (GMMPFAUDLR) Fair Value & Analysis

Industrials · IN · Market cap ₹35.1B

GP GMM Pfaudler Limited GMMPFAUDLR · NSE
Price₹1,048
Fair Value₹270.08
Upside-74.2%
Quality50/100
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Healthy Growth
Thin margins · 1.6% net margin
Low debt · generates free cash flow
0.26% dividend yield
Trails peers (5/14)
Narrow moat 25/100
Evidence: High Range ₹202.56 – ₹337.60 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 3 days ago

Share price +32.9% over the past month.

A solid business, but screening 74% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹337.60). The favourable scenario is already priced in.
  • Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹1,945 ₹738.20 Fair Value ₹270.08 Apr 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 ₹738.20 – ₹1,945 · fair‑value band ₹202.56 – ₹337.60 · the ₹1,048 price screens above the ₹270.08 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

GMM Pfaudler Limited (GMMPFAUDLR) currently trades at ₹1,048, while our model-based Fair Value estimate is ₹270.08, implying the stock looks roughly 74.2% overvalued today. The Quality Score stands at 50/100 (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, GMM Pfaudler Limited generated revenue of ₹35.2B at a net margin of 1.6%. Revenue grew 17.0% year over year. It earns a return on equity of 4.6%. Net debt stands at ₹3.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹202.56 (bear case) to ₹337.60 (bull case); at ₹1,048, 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 26% below its 52-week high and 43% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at -74%, GMMPFAUDLR 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
Growth DCF ₹826.90 ₹1,558 ₹2,985 80
Residual Income ₹203.56 ₹204.01 ₹191.93 76
Rev-Margin DCF ₹643.92 ₹1,224 ₹2,104 74
All 26 models by family
DCF Models
FCF DCF ₹870.15 ₹1,405 ₹2,998 38
Owner Earnings ₹511.89 ₹1,124 ₹2,410 31
5Y Revenue Exit ₹643.92 ₹1,125 ₹2,071 39
5Y EBITDA Exit ₹888.73 ₹1,647 ₹3,053 41
5Y P/E Exit ₹408.42 ₹686.72 ₹1,029 38
10Y Revenue Exit ₹687.98 ₹1,346 ₹2,023 36
10Y EBITDA Exit ₹882.57 ₹1,823 ₹3,576 37
10Y P/E Exit ₹541.57 ₹886.88 ₹1,439 35
Earnings-Based
Graham-Dodd ₹87.46 ₹609.90 ₹855.91 54
Lynch FV ₹191.04 ₹272.91 ₹354.79 50
PEG = 1.0 ₹191.04 ₹272.91 ₹354.79 46
EPV ₹444.61 ₹513.41 ₹573.61 59
Dividend Discount
Gordon GGM ₹17.75 ₹36.90 ₹58.54 70
DDM Multi-Stage ₹17.75 ₹31.12 ₹38.73 61
Multiples
P/E Multiple ₹202.56 ₹270.08 ₹337.60 63
P/S Multiple ₹163.98 ₹218.64 ₹273.30 58
P/B Multiple ₹163.98 ₹218.64 ₹273.30 55
EV/EBIT ₹726.67 ₹958.29 ₹1,190 53
EV/EBITDA ₹904.99 ₹1,196 ₹1,487 54
EV/Revenue ₹527.75 ₹740.30 ₹952.84 43
Asset-Based
NCAV (Graham) ₹133.96 ₹179.51 ₹267.92 50
Growth DCF
Growth DCF ₹826.90 ₹1,558 ₹2,985 80
Rev-Margin DCF ₹643.92 ₹1,224 ₹2,104 74
Economic Profit
Residual Income ₹203.56 ₹204.01 ₹191.93 76
ROIC Compounder ₹551.84 ₹815.23 ₹1,063 72
Growth Earnings
Growth-Adj P/E ₹256.73 ₹366.75 ₹476.78 68

Widest divergence: Growth DCF (₹1,224) versus Dividend Discount (₹31.12). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹35.2B
Revenue growth (YoY) +17.0%
Net margin 1.6%
Return on equity 4.6%
Free cash flow ₹2.3B FY2026
P/E ratio 81.3
More key figures
Operating margin 3.5%
EPS (TTM) ₹12.89
Dividend yield 0.3%
EPS growth (YoY) +140%
Net debt ₹3.5B FY2026

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 52 · Market factors (momentum, volatility) 50

Profitability 35
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 61
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 30
Distance to the 52-week high (market factor)
Net Issuance 80
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

GMM Pfaudler Limited designs, manufactures, installs, and services corrosion-resistant equipment and complete chemical process systems used in the chemical, pharmaceutical, and other industries in India and internationally.

Full company description

GMM Pfaudler Limited designs, manufactures, installs, and services corrosion-resistant equipment and complete chemical process systems used in the chemical, pharmaceutical, and other industries in India and internationally. The company offers glass-lined technology comprising lining, glass-line reactors and mixing systems, baffling technology, storage tanks and receivers, columns, instrumentation, and heat and mass transfers; labs and process glass, such as components and apparatus, mixing vessels, reaction and filtration systems, distillation and evaporation systems, absorption/extraction, scrubbers, glass components for processors, and OEM solutions for NORMAG; filtration and drying, which include solid-liquid separation and vacuum drying; and mixing technology services. It also provides sealing technology, which includes dry9000 for DIN dimensions for agitators and mixers; ace5000; FleXeal mechanical seals; provides alloy process equipment, such as heavy engineering, alloy mixing systems, alloy heat exchangers, alloy columns, alloy reactors, alloy pressure vessels, wiped film evaporators, and tantalum process equipment; fluoropolymers for chemical and pharmaceutical applications, semiconductor, and pulp and paper; and machined PTFE and engineered plastics products. In addition, the company offers pilot testing and scale-up, instrumentation and controls, temperature control units, modular reaction systems, wiped film evaporators, distillation columns, modular evaporation and distillation systems, acid recovery, absorption, extraction, and membrane separation systems. The company was formerly known as Gujarat Machinery Manufacturers Limited and changed its name to GMM Pfaudler Limited in 1999. GMM Pfaudler Limited was incorporated in 1962 and is headquartered in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

GMM Pfaudler Limited reported revenue of ₹35.2B in FY2026 versus ₹25.4B in FY2022, a compound +8.5%/yr. Reported net income was ₹578M in FY2026, compounding −9.2%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹35.2B
Latest YoY
+10.2%
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.
+3.5%
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.
+28.6%
Avg. growth/yr (20Y) 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.
+19.4%
Revenue +8.5%/yr
FY22 ₹25.4B
FY23 ₹31.8B
FY24 ₹34.5B
FY25 ₹32.0B
FY26 ₹35.2B
Net income −9.2%/yr
FY22 ₹851M
FY23 ₹1.6B
FY24 ₹1.8B
FY25 ₹530M
FY26 ₹578M
Character of growth · EPS growth decomposed (2015-2026) +3.0 % p.a.
Revenue per share +14.8 pp

of which total revenue +30.1 pp · buybacks/dilution −15.3 pp

EBIT margin +4.7 pp
Tax rate −1.2 pp
Residual (interest, one-offs) −15.3 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).

GMMPFAUDLR screens 74% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "GMM Pfaudler Limited Fair Value". https://www.fairvalue-calculator.com/stock/GMMPFAUDLR

Peer Group

Specialty Industrial Machinery · 808 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 50 · Below median
Fair Value upside −74% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 17% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.45× · Higher than 75% of peers

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 81.3× · Pricier than 75% of peers
P/B 2.91× · Pricier than median
P/S (TTM) 1.00× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 8.4× · Cheaper 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.

VALUE 0 · sector 0
FUTURE 85 · sector 22
PAST 18 · sector 28
HEALTH 77 · sector 96
DIVIDEND 5 · 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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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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Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

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Frequently asked questions

Is GMM Pfaudler Limited (GMMPFAUDLR) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹270.08 versus a price of ₹1,048, about −74% (overvalued).
What is the fair value of GMMPFAUDLR?
Our model-based fair value for GMM Pfaudler Limited is ₹270.08 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,048.
What is the quality score of GMMPFAUDLR?
GMM Pfaudler Limited has a Quality Score of 50/100. 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 GMM Pfaudler Limited (GMMPFAUDLR)?
GMM Pfaudler Limited reported trailing-twelve-month revenue of about ₹35.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GMMPFAUDLR?
The net profit margin of GMM Pfaudler Limited is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does GMM Pfaudler Limited pay a dividend?
GMM Pfaudler Limited currently shows a dividend yield of about 0.26% 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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