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Gujarat Raffia Industries Limited (GUJRAFFIA) Fair Value & Analysis

Energy · IN · Market cap ₹572M

GR Gujarat Raffia Industries Limited GUJRAFFIA · NSE
Price₹43.22
Fair Value₹13.06
Upside-69.8%
Quality67/100
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Healthy Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 23/100
Evidence: High Range ₹9.79 – ₹16.32 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from ₹12.13 to ₹13.06 (+7.7%) since Aug 6, 2026. Share price +8.7% over the past month.

A solid business, but screening 70% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹16.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹105.88 ₹24.25 Fair Value ₹13.06 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 ₹24.25 – ₹105.88 · fair‑value band ₹9.79 – ₹16.32 · the ₹43.22 price screens above the ₹13.06 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Gujarat Raffia Industries Limited (GUJRAFFIA) currently trades at ₹43.22, while our model-based Fair Value estimate is ₹13.06, implying the stock looks roughly 69.8% overvalued today. The Quality Score stands at 67/100 (solid quality), in the Energy 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, Gujarat Raffia Industries Limited generated revenue of ₹886M at a net margin of 1.2%. Revenue grew 234.3% year over year. It earns a return on equity of 4.8%. The balance sheet holds a net cash position of ₹22.3M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹9.79 (bear case) to ₹16.32 (bull case); at ₹43.22, 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 51% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at 13% fair-value upside, at -70%, GUJRAFFIA 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 ₹39.65 ₹62.58 ₹96.11 80
Rev-Margin DCF ₹21.34 ₹29.45 ₹40.18 74
ROIC Compounder ₹8.23 ₹8.94 ₹9.52 72
All 24 models by family
DCF Models
FCF DCF ₹40.39 ₹66.92 ₹108.50 38
Owner Earnings ₹26.85 ₹43.75 ₹70.24 31
5Y Revenue Exit ₹21.34 ₹29.06 ₹38.54 39
5Y EBITDA Exit ₹22.71 ₹31.94 ₹42.78 41
5Y P/E Exit ₹21.56 ₹29.53 ₹38.08 38
10Y Revenue Exit ₹28.01 ₹37.58 ₹50.63 36
10Y EBITDA Exit ₹29.06 ₹39.52 ₹53.93 37
10Y P/E Exit ₹28.36 ₹37.89 ₹50.28 35
Earnings-Based
Graham-Dodd ₹5.38 ₹26.47 ₹36.50 54
Lynch FV ₹7.12 ₹10.18 ₹13.23 50
PEG = 1.0 ₹7.12 ₹10.18 ₹13.23 46
EPV ₹8.23 ₹8.94 ₹9.52 59
Multiples
P/E Multiple ₹8.30 ₹11.07 ₹13.84 63
P/S Multiple ₹10.08 ₹13.44 ₹16.80 58
P/B Multiple ₹10.08 ₹13.44 ₹16.80 55
EV/EBIT ₹9.18 ₹11.21 ₹13.25 53
EV/EBITDA ₹13.38 ₹16.81 ₹20.24 54
EV/Revenue ₹10.48 ₹13.65 ₹16.82 43
Asset-Based
NCAV (Graham) ₹8.39 ₹11.25 ₹16.79 50
Growth DCF
Growth DCF ₹39.65 ₹62.58 ₹96.11 80
Rev-Margin DCF ₹21.34 ₹29.45 ₹40.18 74
Economic Profit
Residual Income ₹11.99 ₹11.76 ₹10.23 61
ROIC Compounder ₹8.23 ₹8.94 ₹9.52 72
Growth Earnings
Growth-Adj P/E ₹9.03 ₹12.89 ₹16.76 68

Widest divergence: DCF Models (₹37.58) versus Economic Profit (₹8.94). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹886M
Revenue growth (YoY) +234%
Net margin 1.2%
Return on equity 4.8%
Free cash flow ₹45.6M FY2026
P/E ratio 19.7 as of Jul 3, 2026
More key figures
Operating margin 1.8%
EPS (TTM) ₹2.07
EPS growth (YoY) +328%
Net cash ₹22.3M FY2026

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

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 48

Profitability 45
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 87
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

Gujarat Raffia Industries Limited manufactures and sells HDPE tarpaulin products in India and internationally. The company offers PE tarpaulins, plastic and ground sheeting, geomembranes, tents, shelters, pond and canal linings, sand bags, hay trap, shade net, lumber wraps, rain coats, HDPE and PP woven bags, azolla beds, wagon and fumigation cover, grow …

Full company description

Gujarat Raffia Industries Limited manufactures and sells HDPE tarpaulin products in India and internationally. The company offers PE tarpaulins, plastic and ground sheeting, geomembranes, tents, shelters, pond and canal linings, sand bags, hay trap, shade net, lumber wraps, rain coats, HDPE and PP woven bags, azolla beds, wagon and fumigation cover, grow bags, weed mats, vermibed and ropes, etc. It also exports its products. The company was incorporated in 1984 and is based in Gandhinagar, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Gujarat Raffia Industries Limited reported revenue of ₹886M in FY2026 versus ₹380M in FY2022, a compound +23.6%/yr. Reported net income was ₹10.5M in FY2026, compounding −1.6%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹886M
Latest YoY
+194.8%
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.
+31.2%
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.
+17.9%
Avg. growth/yr (13Y) 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.
+9.4%
Revenue +23.6%/yr
FY22 ₹380M
FY23 ₹392M
FY24 ₹309M
FY25 ₹300M
FY26 ₹886M
Net income −1.6%/yr
FY22 ₹11.2M
FY23 ₹10.3M
FY24 ₹5.2M
FY25 ₹5.2M
FY26 ₹10.5M
Character of growth · EPS growth decomposed (2015-2026) −2.3 % p.a.
Revenue per share +2.4 pp

of which total revenue +3.3 pp · buybacks/dilution −0.9 pp

EBIT margin −15.3 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +10.2 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).

GUJRAFFIA screens 70% overvalued. Compare with Shell plc →

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Cite: Fair Value Calculator (2026). "Gujarat Raffia Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/GUJRAFFIA

Peer Group

Energy · 1223 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside −70% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 4% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 2% · Below median
Revenue growth 234% · Top 25%

Valuation Multiples vs Energy median · lower = cheaper

P/E (TTM) 19.7× · Pricier than median
P/B 2.57× · Pricier than 75% of peers
P/S (TTM) 0.65× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 15.3× · Pricier 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 100 · sector 4
PAST 19 · sector 19
HEALTH 100 · sector 91
DIVIDEND 0 · sector 58

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.

Oil & gas

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

Similar stocks

10 more Energy stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shell plc SHELL 854.00 CZK 980.26 CZK +15%
Reliance Industries Limited RELIANCE ₹1,329 ₹751.26 -43%
Petróleo Brasileiro S.A PETR3 14,310 ARS 31,450 ARS +120%
Adani Enterprises Limited ADANIENT ₹2,965 ₹891.11 -70%
Oil and Natural Gas Corporation ONGC ₹239.90 ₹472.78 +97%
Coal India Limited COALINDIA ₹409.30 ₹464.01 +13%
YPF Sociedad Anónima, an energy company, YPFD 7,860 ARS 4,477 ARS -43%
SK Innovation Co 096770 122,400 KRW 53,541 KRW -56%
S-Oil Corporation 010950 140,900 KRW 19,441 KRW -86%
HD Hyundai Co 267250 230,500 KRW 286,077 KRW +24%

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Frequently asked questions

Is Gujarat Raffia Industries Limited (GUJRAFFIA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹13.06 versus a price of ₹43.22, about −70% (overvalued).
What is the fair value of GUJRAFFIA?
Our model-based fair value for Gujarat Raffia Industries Limited is ₹13.06 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹43.22.
What is the quality score of GUJRAFFIA?
Gujarat Raffia Industries Limited has a Quality Score of 67/100. 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 Gujarat Raffia Industries Limited (GUJRAFFIA)?
Gujarat Raffia Industries Limited reported trailing-twelve-month revenue of about ₹886M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of GUJRAFFIA?
The net profit margin of Gujarat Raffia Industries Limited is about 1.2%, meaning it keeps roughly 1.2% 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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