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Hawa Engineers Ltd (HAWAENG) Fair Value & Analysis

Industrials · IN · Market cap ₹282M

HE Hawa Engineers Ltd HAWAENG · BSE
Price₹75.64
Fair Value₹86.31
Upside+14.1%
Quality56/100
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Mixed Growth
Thin margins · 2.3% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Narrow moat 36/100
Evidence: High Range ₹64.73 – ₹107.88 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 6 days ago

Fair value updated Aug 13, 2026, revised from ₹157.61 to ₹86.31 (−45.2%) since Aug 12, 2026.

A solid business, screening 14% undervalued on our models.

What matters now

  • Our model range runs from ₹64.73 (bear) to ₹107.88 (bull), base ₹86.31. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹312.50 ₹24.20 Fair Value ₹86.31 Jan 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 ₹24.20 – ₹312.50 · fair‑value band ₹64.73 – ₹107.88 · the ₹75.64 price screens below the ₹86.31 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Hawa Engineers Ltd (HAWAENG) currently trades at ₹75.64, while our model-based Fair Value estimate is ₹86.31, implying the stock looks roughly 14.1% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials 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, Hawa Engineers Ltd generated revenue of ₹1.1B at a net margin of 2.3%. Revenue declined 18.4% year over year. It earns a return on equity of 12.5%. Net debt stands at ₹50.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹64.73 (bear case) to ₹107.88 (bull case); at ₹75.64, 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 49% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at 14%, HAWAENG 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
Growth DCF ₹145.13 ₹192.43 ₹253.08 80
Rev-Margin DCF ₹170.73 ₹259.56 ₹369.52 74
ROIC Compounder ₹155.25 ₹174.59 ₹193.88 72
All 24 models by family
DCF Models
FCF DCF ₹146.31 ₹199.60 ₹272.41 38
Owner Earnings ₹121.91 ₹162.68 ₹218.39 31
5Y Revenue Exit ₹170.73 ₹261.25 ₹381.47 39
5Y EBITDA Exit ₹182.95 ₹285.53 ₹410.68 41
5Y P/E Exit ₹147.40 ₹214.92 ₹288.99 38
10Y Revenue Exit ₹154.66 ₹228.01 ₹334.91 36
10Y EBITDA Exit ₹165.15 ₹242.91 ₹355.06 37
10Y P/E Exit ₹145.26 ₹199.60 ₹271.12 35
Earnings-Based
Graham-Dodd ₹51.03 ₹207.97 ₹283.10 54
Lynch FV ₹52.12 ₹74.45 ₹96.79 50
PEG = 1.0 ₹52.12 ₹74.45 ₹96.79 46
EPV ₹149.90 ₹162.80 ₹173.26 59
Multiples
P/E Multiple ₹118.21 ₹157.61 ₹197.01 63
P/S Multiple ₹95.69 ₹127.59 ₹159.48 58
P/B Multiple ₹95.69 ₹127.59 ₹159.48 55
EV/EBIT ₹255.56 ₹326.60 ₹397.64 53
EV/EBITDA ₹228.88 ₹291.03 ₹353.17 54
EV/Revenue ₹194.56 ₹259.74 ₹324.93 43
Asset-Based
NCAV (Graham) ₹31.76 ₹42.55 ₹63.51 50
Growth DCF
Growth DCF ₹145.13 ₹192.43 ₹253.08 80
Rev-Margin DCF ₹170.73 ₹259.56 ₹369.52 74
Economic Profit
Residual Income ₹52.58 ₹57.89 ₹75.08 61
ROIC Compounder ₹155.25 ₹174.59 ₹193.88 72
Growth Earnings
Growth-Adj P/E ₹90.41 ₹129.16 ₹167.90 68

Widest divergence: DCF Models (₹214.92) versus Asset-Based (₹42.55). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.1B
Revenue growth (YoY) -18.4%
Net margin 2.3%
Return on equity 12.5%
Free cash flow ₹41.0M FY2026
P/E ratio 10.1
More key figures
Operating margin 5.3%
EPS (TTM) ₹7.51
EPS growth (YoY) +279%
Net debt ₹50.1M FY2026

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 57 · Market factors (momentum, volatility) 24

Profitability 53
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 54
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 7
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

Hawa Engineers Limited manufactures and sells industrial valves primarily in India. It offers gate, globe, check, API, forged steel, ball, and butterfly valves; strainers, air, diaphragm, plug, control, steam traps, and safety valves.

Full company description

Hawa Engineers Limited manufactures and sells industrial valves primarily in India. It offers gate, globe, check, API, forged steel, ball, and butterfly valves; strainers, air, diaphragm, plug, control, steam traps, and safety valves. The company offers screwed gate, globe, NRV, gun metal/bronze, polypropylene, needle, pulp, and flush bottom tank/ball valve; SDNR, and FEP/PFA lined valve; and sight glass; and pneumatic valves. Its products are used in various industries comprising steel, power generation, refinery/petro chemicals, water treatment, fertilizer, pharma, pulp, paper, sugar, pharma, drugs, cement, OEM, contractors, and chemical industries. Hawa Engineers Limited sells its products under the MARCK brand through a network of dealers, suppliers, and associates. It exports its products to Dubai. Hawa Engineers Limited was incorporated in 1993 and is based in Ahmedabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Hawa Engineers Ltd reported revenue of ₹1.1B in FY2026 versus ₹727M in FY2022, a compound +11.9%/yr. Reported net income was ₹26.5M in FY2026, compounding +24.7%/yr from FY2022.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹1.1B
Latest YoY
−5.8%
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.
+3.8%
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.
+18.9%
Avg. growth/yr (7Y) 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.
+12.3%
Revenue +11.9%/yr
FY22 ₹727M
FY23 ₹1.0B
FY24 ₹905M
FY25 ₹1.2B
FY26 ₹1.1B
Net income +24.7%/yr
FY22 ₹10.9M
FY23 ₹7.0M
FY24 ₹18.0M
FY25 ₹21.6M
FY26 ₹26.5M

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Cite: Fair Value Calculator (2026). "Hawa Engineers Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HAWAENG

Peer Group

Metal Fabrication · 250 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 56 · Above median
Fair Value upside +14% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth -18% · Bottom 25%
Debt / equity 0.08× · Lower than median

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 1.26× · Cheaper than median
P/S (TTM) 0.25× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 2.0× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE52 · sector 0
FUTURE0 · sector 34
PAST50 · sector 19
HEALTH96 · sector 95
DIVIDEND0 · 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.

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

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Frequently asked questions

Is Hawa Engineers Ltd (HAWAENG) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹86.31 versus a price of ₹75.64, about +14% (undervalued).
What is the fair value of HAWAENG?
Our model-based fair value for Hawa Engineers Ltd is ₹86.31 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹75.64.
What is the quality score of HAWAENG?
Hawa Engineers Ltd has a Quality Score of 56/100. 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 Hawa Engineers Ltd (HAWAENG)?
Hawa Engineers Ltd reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of HAWAENG?
The net profit margin of Hawa Engineers Ltd is about 2.3%, meaning it keeps roughly 2.3% 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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