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Gopal Snacks Limited (GOPAL) Fair Value & Analysis

Consumer Defensive · IN · Market cap ₹35.1B (≈ $372M) · ISIN INE0L9R01028

What is Gopal Snacks Limited really worth?

GS Gopal Snacks Limited GOPAL · BSE
Price₹265.40
Fair Value₹96.92
Upside−63.5%
Quality52/100

A solid business, but trading 174% above our fair value of ₹96.92.

As of Aug 20, 2026, the fair value of Gopal Snacks Limited is ₹96.92 per share against a price of ₹265.40, so the fair value sits 63% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

Risks

!Expensive Growth (revenue 3y +2.5 %/yr)
!Thin margins · 5.2% net margin
!Low debt · negative free cash flow
!Moderate moat 46/100
!Evidence only medium, so the estimate is less certain
Evidence: Medium Range ₹67.84 – ₹125.54

Fair value as of: Aug 20, 2026

From 12 valuation models · updated 17 days ago

Share price −3.6% over the past month.

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 (₹125.54). The favourable scenario is already priced in.
  • Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹67.84 to ₹125.54) leaves room in how you read the outcome.

Price vs Fair Value (3 years)

₹512.38 ₹251.16 Fair Value ₹96.92 Mar 2024 Sep 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

30‑month range ₹251.16 – ₹512.38 · fair‑value band ₹67.84 – ₹125.54 · the ₹265.40 price screens above the ₹96.92 fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Gopal Snacks Limited (GOPAL) currently trades at ₹265.40, while our model-based Fair Value estimate is ₹96.92, implying the stock looks roughly 173.8% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Defensive sector. Bull case: the Multiples group reads highest at a median of ₹100.44 per share, and 0 of the 12 models we run sit above the ₹265.40 price. Bear case: the Asset-Based group reads lowest at ₹25.73, and 12 of the 12 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Gopal Snacks Limited generated revenue of ₹16.1B at a net margin of 5.2%. Revenue grew 31.1% year over year. It earns a return on equity of 16.7%. Net debt stands at ₹1.5B. Fundamentals as of Aug 20, 2026

Our scenario range runs from ₹67.84 (bear case) to ₹125.54 (bull case); at ₹265.40, 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 33% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −26% fair-value upside, at −63%, GOPAL screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 11 months have passed since. In that time the company retained roughly ₹6.30 per share, which is 6.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence ₹36.01 ₹42.31 ₹47.82 71
ROIC Compounder ₹36.01 ₹43.33 ₹51.79 69
EV/EBITDA ₹77.42 ₹103.82 ₹130.22 67
All 12 models by family
Earnings-Based
Graham-Dodd ₹40.17 ₹82.26 ₹103.73 63
EPV best evidence ₹36.01 ₹42.31 ₹47.82 71
Multiples
P/E Multiple ₹93.05 ₹124.07 ₹155.08 63
P/S Multiple ₹75.33 ₹100.44 ₹125.54 58
P/B Multiple ₹75.33 ₹100.44 ₹125.54 55
EV/EBIT ₹62.25 ₹83.59 ₹104.93 66
EV/EBITDA ₹77.42 ₹103.82 ₹130.22 67
EV/Revenue ₹43.93 ₹63.51 ₹83.09 53
Asset-Based
NCAV (Graham) ₹19.20 ₹25.73 ₹38.41 54
Economic Profit
Residual Income ₹39.25 ₹51.42 ₹141.51 64
ROIC Compounder ₹36.01 ₹43.33 ₹51.79 69
Growth Earnings
Growth-Adj P/E ₹67.84 ₹96.92 ₹126.00 65

Widest divergence: Multiples (₹100.44) versus Asset-Based (₹25.73). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 39.4
P/S ratio 1.93 P/E × margin
EPS (TTM) ₹6.74 price ÷ EPS = P/E 39.4
Dividend yield 0.0% payout 1.8%
Net margin 4.9% FY2025
Return on equity 16.7% TTM
More key figures
Profitability
Return on assets (EBIT) 19.4% avg 5y
Operating margin 4.9% TTM
Growth
Revenue (TTM) ₹16.1B TTM
Revenue growth (YoY) +31.1% 3y avg +2.5%
EPS growth (YoY) +415%
Balance sheet & cash flow
Free cash flow −₹1.1B FY2025
Net debt ₹1.5B FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 53 · Market factors (momentum, volatility) 33

Profitability 71
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 6
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Gopal Snacks Limited manufactures and markets namkeen, gathiya, papad, and western snacks in India and internationally. It offers a range of products, including wafers, extruded snacks, snack pellets, papad, spices, gram flour and besan, noodles, rusk, soan papdi, chikki, and washing bars.

Full company description

Gopal Snacks Limited manufactures and markets namkeen, gathiya, papad, and western snacks in India and internationally. It offers a range of products, including wafers, extruded snacks, snack pellets, papad, spices, gram flour and besan, noodles, rusk, soan papdi, chikki, and washing bars. The company offers its products under the Gopal, Cristos, Cristos, Shot Go, and Cornigo brand names. It also offers its products online. The company was founded in 1999 and is based in Rajkot, India.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gopal Snacks Limited reported revenue of ₹15.0B in FY2025 versus ₹13.5B in FY2021, a compound +2.6%/yr. Reported net income was ₹737M in FY2025, compounding +15.4%/yr from FY2021.

Growth Quality 36/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹15.0B
Latest YoY
+2.9%
Avg. revenue 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.
+2.5%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.1% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+12.1%
Dividend yield0.0%
Operating margin (EBIT) Operating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.4.7% (2021) → 4.2% (2025) · steady
Worst earnings drop83% (2024) · in INR
Revenue +2.6%/yr
FY21 ₹13.5B
FY22 ₹13.9B
FY23 ₹13.9B
FY24 ₹14.6B
FY25 ₹15.0B
Net income +15.4%/yr
FY21 ₹415M
FY22 ₹1.1B
FY23 ₹996M
FY24 ₹190M
FY25 ₹737M

GOPAL screens 174% overvalued. Compare with Nestlé S.A →

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Cite: Fair Value Calculator (2026). "Gopal Snacks Limited Fair Value". https://www.fairvalue-calculator.com/stock/GOPAL.BSE

Peer Group

Packaged Foods · 648 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 52 · Below median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 17% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 5% · Below median
Revenue growth 31% · Top 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 39.4× · Pricier than 75% of peers
P/B 7.33× · Pricier than 75% of peers
P/S (TTM) 2.18× · Pricier than 75% of peers
EV/EBITDA 30.4× · 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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Nestlé S.A NESN CHF 78.62 CHF 57.26 −27%
Danone S.A BN €64.28 €48.41 −25%
Nestlé India Limited NESTLEIND ₹1,478 ₹251.94 −83%
The Kraft Heinz Company KHC $24.85 $24.59 −1%
Foshan Haitian Flavouring and Food Company 603288 ¥35.05 ¥21.93 −37%
Inner Mongolia Yili Industrial Group 600887 ¥25.51 ¥32.50 +27%
Yihai Kerry Arawana Holdings 300999 ¥25.28 ¥9.89 −61%
General Mills, Inc GIS $38.29 $28.32 −26%
Wilmar International Limited F34 3.64 SGD 3.89 SGD +7%
Britannia Industries Limited BRITANNIA ₹5,511 ₹1,765 −68%

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Frequently asked questions

Is Gopal Snacks Limited (GOPAL) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of ₹96.92 versus a price of ₹265.40, about −63% upside (overvalued).
What is the fair value of GOPAL?
Our model-based fair value for Gopal Snacks Limited is ₹96.92 (as of Aug 20, 2026), built from audited fundamentals. The current price: ₹265.40.
What is the quality score of GOPAL?
Gopal Snacks Limited has a Quality Score of 52/100. 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 price target for Gopal Snacks Limited (GOPAL)?
Our model-based price target is the fair value of ₹96.92 (as of Aug 20, 2026) from 12 valuation models. Cautious scenario ₹67.84, optimistic scenario ₹125.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Gopal Snacks Limited stock forecast for 2026?
Our models put fair value at ₹96.92, about −63% upside versus a price of ₹265.40 (overvalued). Cautious scenario ₹67.84, optimistic scenario ₹125.54. The calculation is refreshed regularly with new filings.
What is the revenue of Gopal Snacks Limited (GOPAL)?
Gopal Snacks Limited reported trailing-twelve-month revenue of about ₹16.1B (latest available figure, as of Aug 20, 2026).
What is the net profit margin of GOPAL?
The net profit margin of Gopal Snacks Limited is about 5.2%, meaning it keeps roughly 5.2% of revenue as net income. Based on the latest reported figures.
Does Gopal Snacks Limited pay a dividend?
Gopal Snacks Limited currently shows a dividend yield of about 0.04% relative to its recent price (as of Aug 20, 2026).
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