Heubach Colorants India Limited (HEUBACHIND) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Heubach Colorants India Limited stock ₹379, price ₹343, upside +10.6%, quality 74 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range ₹261.40 – ₹674.40 · fair‑value band ₹284.20 – ₹473.66 · the ₹342.70 price screens below the ₹378.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Heubach Colorants India Limited engages in the manufacture and sale of specialty chemicals in India and internationally. The company operates through Plastics and Coatings, and Specialty Chemicals segments.
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It offers organic and inorganic pigments, and pigment preparations for various applications, including paints, plastics, coatings, printing inks, non-impact printing inks, rubber, and other special applications.
The company also provides specialty and aluminum dyes, corrosion protection pigments, and optical brighteners. It exports its products to approximately 75 countries.
The company was formerly known as Clariant Chemicals (India) Limited and changed its name to Heubach Colorants India Limited in October 2022. Heubach Colorants India Limited was incorporated in 1956 and is headquartered in Navi Mumbai, India.
Stock analysis
Heubach Colorants India Limited (HEUBACHIND) currently trades at ₹342.70, while our model-based Fair Value estimate is ₹378.93, implying the stock looks roughly 9.6% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹441.55 per share, and 16 of the 22 models we run sit above the ₹342.70 price.
Bear case: the Asset-Based group reads lowest at ₹136.82, and 6 of the 22 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹284.20 (bear) to ₹473.66 (bull), the price of ₹342.70 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Heubach Colorants India Limited reported revenue of ₹8.2B in FY2025 versus ₹8.3B in FY2022, a compound −0.5%/yr. Reported net income was ₹514M in FY2025, compounding +5.9%/yr from FY2022.
Key figures
Market cap ₹11.9B (≈ $126M) Micro · P/E ratio 18.2 · P/S ratio 1.44 · EPS (TTM) ₹26.54 · Net margin 7.4% · Return on equity 11.7% · Return on assets (EBIT) 7.0% · Operating margin 7.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 26% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −55% fair-value upside, at 11%, HEUBACHIND screens cheaper than that median.
Fair Value models
Bear₹284.20Fair Value ₹378.93Bull₹473.66
Price ₹342.70 · Upside +10.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹26.54 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+4.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.5%
’22
’23
’24
’25
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+18.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.1%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘ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.5% → 8%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.5%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −8.3% a year for the price.
Compare Heubach Colorants India Limited with another stock
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Specialty Chemicals · 718 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+10.6% · Above median
Profitability
Return on equity (12 months)11.7% · Above median
Return on assets6.8% · Top 25%
Net margin (12 months)7.4% · Above median
Operating margin (12 months)7.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)−16.2% · Bottom 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Heubach Colorants India Limited Fair Value". https://www.fairvalue-calculator.com/stock/HEUBACHIND
Frequently asked questions
Is Heubach Colorants India Limited (HEUBACHIND) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ₹378.93 versus a price of ₹342.70, about +11% upside (undervalued).
What is the fair value of HEUBACHIND?
Our model-based fair value for Heubach Colorants India Limited is ₹378.93 (as of Oct 4, 2026), built from audited fundamentals. The current price: ₹342.70.
What is the quality score of HEUBACHIND?
Heubach Colorants India Limited has a Quality Score of 74/100. 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 Heubach Colorants India Limited (HEUBACHIND)?
Our model-based price target is the fair value of ₹378.93 (as of Oct 4, 2026) from 22 valuation models. Cautious scenario ₹284.20, optimistic scenario ₹473.66. It is a calculation from audited fundamentals, not an analyst target.
What is the Heubach Colorants India Limited stock forecast for 2026?
Our models put fair value at ₹378.93, about +11% upside versus a price of ₹342.70 (undervalued). Cautious scenario ₹284.20, optimistic scenario ₹473.66. The calculation is refreshed regularly with new filings.
What is the revenue of Heubach Colorants India Limited (HEUBACHIND)?
Heubach Colorants India Limited reported trailing-twelve-month revenue of about ₹8.3B (latest available figure, as of Oct 4, 2026).
What growth is priced into Heubach Colorants India Limited (HEUBACHIND)?
For today's price to be fair in a discounted-cash-flow model, Heubach Colorants India Limited would have to grow free cash flow by -4.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -0.5 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of HEUBACHIND use?
Our models discount Heubach Colorants India Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.33, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Heubach Colorants India Limited that is -4.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Heubach Colorants India Limited (HEUBACHIND) delivered so far?
Over the past 3 years revenue at Heubach Colorants India Limited grew -0.5 % a year. The price currently implies -4.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Heubach Colorants India Limited (HEUBACHIND) growing?
The median revenue growth in the sector is +9.5 % a year. That is the yardstick for the growth priced into Heubach Colorants India Limited (-4.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Heubach Colorants India Limited (HEUBACHIND)?
The free-cash-flow yield on the price is 12.48 %: that much free cash flow Heubach Colorants India Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Heubach Colorants India Limited (HEUBACHIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Heubach Colorants India Limited it is ₹378.93 per share (as of Oct 4, 2026), against a price of ₹342.70. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Heubach Colorants India Limited stock overvalued or undervalued in 2026?
As of Oct 4, 2026, HEUBACHIND trades below its calculated fair value: price ₹342.70, fair value ₹378.93, a gap of about +11% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HEUBACHIND?
No. The price is what the market pays today (₹342.70); the fair value is what the company's own numbers justify (₹378.93). For Heubach Colorants India Limited the two are ₹36.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is Heubach Colorants India Limited worth?
The market values Heubach Colorants India Limited at about ₹11.9B (market capitalisation, as of Oct 4, 2026). Per share that is ₹342.70; our models calculate a fair value of ₹378.93 per share.
What do the bullish and bearish scenarios say about HEUBACHIND?
Our models span a range for Heubach Colorants India Limited: cautious scenario ₹284.20, base ₹378.93, optimistic ₹473.66 per share (as of Oct 4, 2026, price ₹342.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HEUBACHIND?
Heubach Colorants India Limited trades at a price-to-earnings ratio of 18.2 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹378.93 is built from several models across several years. Other multiples: P/B 2.3, P/S 1.4, EV/EBITDA 11.8.
How solid is the balance sheet of Heubach Colorants India Limited (HEUBACHIND)?
Balance-sheet figures for Heubach Colorants India Limited (as of Oct 4, 2026): return on equity 11.7%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is HEUBACHIND from its 52-week high?
Heubach Colorants India Limited trades at ₹342.70, about 34% below its 52-week high of ₹520.65 and 26% above the low of ₹272.95 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of ₹378.93 is for.
Which stocks are comparable to Heubach Colorants India Limited?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Nan Ya Plastics Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Heubach Colorants India Limited stock attractive at the current price?
The data as of Oct 4, 2026: price ₹342.70, calculated fair value ₹378.93 (+11%), Quality Score 74/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HEUBACHIND calculated?
We run Heubach Colorants India Limited through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹378.93, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Heubach Colorants India Limited currently trades 10 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Heubach Colorants India Limited (HEUBACHIND)?
The closing price on Oct 22, 2026 was ₹342.70. Our model-based fair value is ₹378.93, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Heubach Colorants India Limited right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Heubach Colorants India Limited
How large is the market capitalisation of Heubach Colorants India Limited (HEUBACHIND)?
The market capitalisation of Heubach Colorants India Limited is ₹11.9B (≈ $126M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Heubach Colorants India Limited (HEUBACHIND)?
The price-to-sales ratio of Heubach Colorants India Limited is 1.44 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Heubach Colorants India Limited (HEUBACHIND)?
Earnings per share at Heubach Colorants India Limited are ₹26.54 (price ÷ EPS = P/E 18.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Heubach Colorants India Limited (HEUBACHIND)?
The net margin of Heubach Colorants India Limited is 7.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Heubach Colorants India Limited (HEUBACHIND)?
The return on equity (ROE) of Heubach Colorants India Limited is 11.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Heubach Colorants India Limited (HEUBACHIND)?
On an EBIT basis the return on assets of Heubach Colorants India Limited is 7.0% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Heubach Colorants India Limited (HEUBACHIND)?
The operating margin of Heubach Colorants India Limited is 7.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Heubach Colorants India Limited (HEUBACHIND)?
Revenue at Heubach Colorants India Limited is growing −16.2% versus a year earlier (3y avg −0.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Heubach Colorants India Limited (HEUBACHIND)?
Earnings per share at Heubach Colorants India Limited are growing −11.7% versus a year earlier. How much earnings per share grew versus a year earlier.
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Some data
Oct 4, 2026