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Hemant Surgical Industries Ltd (HSIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹5.3B

HS Hemant Surgical Industries Ltd HSIL · BSE
Price₹378.35
Fair Value₹203.11
Upside-46.3%
Quality52/100
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Risks

!Trades 86% ABOVE our fair value of ₹203.11
!Expensive Growth (revenue 5y +86.5 %/yr)
!Thin margins · 7.9% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +86.5 %/yr)
Thin margins · 7.9% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/13)
Moderate moat 50/100
Evidence: High Range ₹123.11 – ₹253.89 Share as image

Fair value as of: Aug 22, 2026

From 17 valuation models · updated 3 days ago

A solid business, but trading 86% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price sits above even our optimistic bull case (₹253.89). 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 (₹123.11 to ₹253.89) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹1,283 ₹91.95 Fair Value ₹203.11 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹91.95 – ₹1,283 · fair‑value band ₹123.11 – ₹253.89 · the ₹378.35 price screens above the ₹203.11 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Hemant Surgical Industries Ltd (HSIL) currently trades at ₹378.35, while our model-based Fair Value estimate is ₹203.11, implying the stock looks roughly 46.3% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical 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, Hemant Surgical Industries Ltd generated revenue of ₹2.3B at a net margin of 7.9%. It earns a return on equity of 18.1%. Net debt stands at ₹58.1M. The stock trades on a trailing P/E of 25.3. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹123.11 (bear case) to ₹253.89 (bull case); at ₹378.35, 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 58% below its 52-week high and 306% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 23% fair-value upside, at -46%, HSIL 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
Residual Income ₹89.52 ₹105.34 ₹181.83 76
ROIC Compounder ₹97.84 ₹125.39 ₹152.08 72
Gordon GGM ₹157.19 ₹313.22 ₹474.31 70
All 17 models by family
DCF Models
Owner Earnings ₹207.91 ₹426.49 ₹868.51 31
Earnings-Based
Graham-Dodd ₹85.09 ₹593.40 ₹832.74 54
Lynch FV ₹306.57 ₹437.96 ₹569.34 50
PEG = 1.0 ₹306.57 ₹437.96 ₹569.34 46
EPV ₹96.00 ₹106.70 ₹115.94 59
Dividend Discount
Gordon GGM ₹157.19 ₹313.22 ₹474.31 70
DDM Multi-Stage ₹157.19 ₹270.69 ₹330.63 61
Multiples
P/E Multiple ₹206.47 ₹275.29 ₹344.11 63
P/S Multiple ₹143.51 ₹191.34 ₹239.18 58
P/B Multiple ₹159.54 ₹212.72 ₹265.90 55
EV/EBIT ₹229.59 ₹296.72 ₹363.86 53
EV/EBITDA ₹171.96 ₹219.88 ₹267.81 54
EV/Revenue ₹162.12 ₹219.53 ₹276.93 43
Asset-Based
NCAV (Graham) ₹47.34 ₹63.44 ₹94.68 50
Economic Profit
Residual Income ₹89.52 ₹105.34 ₹181.83 76
ROIC Compounder ₹97.84 ₹125.39 ₹152.08 72
Growth Earnings
Growth-Adj P/E ₹406.95 ₹581.36 ₹755.76 68

Widest divergence: Growth Earnings (₹581.36) versus Asset-Based (₹63.44). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 25.3
P/S ratio 2.29 TTM
Net margin 7.9% TTM
Return on equity 18.1% TTM
Return on assets 8.2% TTM
Operating margin 8.8% TTM
More key figures
Profitability
EPS (TTM) ₹14.95
Growth
Revenue (TTM) ₹2.3B TTM
Revenue growth (YoY) +479% 3y avg +113%
EPS growth (YoY) +517%
Balance sheet & cash flow
Free cash flow −₹342M FY2025
Net debt ₹58.1M FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 52/100

Of which business quality 50 · Market factors (momentum, volatility) 64

Profitability 47
Margins and returns on capital today
Quality Growth 58
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 100
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.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hemant Surgical Industries Ltd reported revenue of ₹2.3B in FY2025 versus ₹180M in FY2021, a compound +89.4%/yr. Reported net income was ₹182M in FY2025, compounding +102.4%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹2.3B
Latest YoY
+761.0%
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.
+113.1%
Avg. revenue 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.
+86.5%
Avg. revenue growth/yr (9Y) 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.
+29.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+80.8% (80.8 + 0.0)
Revenue +89.4%/yr
FY21 ₹180M
FY22 ₹240M
FY23 ₹256M
FY24 ₹269M
FY25 ₹2.3B
Net income +102.4%/yr
FY21 ₹10.8M
FY22 ₹10.4M
FY23 ₹13.3M
FY24 ₹14.1M
FY25 ₹182M

HSIL screens 46% overvalued. Compare with JFC →

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Cite: Fair Value Calculator (2026). "Hemant Surgical Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HSIL

Peer Group

Consumer Discretionary · 3767 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. (Industry “Hotels & Entertainment Services” was too small, so the broader sector is used.)

Quality Score 52 · Below median
Fair Value upside −46% · Below median
Return on equity (TTM) 18% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 8% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 479% · Top 25%
Dividend yield (TTM) 4.9% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Consumer Discretionary median · lower = cheaper

P/E (TTM) 25.3× · Pricier than median
P/B 3.85× · Pricier than 75% of peers
P/S (TTM) 2.29× · Pricier than 75% of peers
EV/EBITDA 16.8× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 23
FUTURE100 · sector 14
PAST72 · sector 21
HEALTH99 · sector 96
DIVIDEND98 · sector 43

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

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10 more Hotels & Entertainment Services stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

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Frequently asked questions

Is Hemant Surgical Industries Ltd (HSIL) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹203.11 versus a price of ₹378.35, about −46% (overvalued).
What is the fair value of HSIL?
Our model-based fair value for Hemant Surgical Industries Ltd is ₹203.11 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹378.35.
What is the quality score of HSIL?
Hemant Surgical Industries Ltd 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 revenue of Hemant Surgical Industries Ltd (HSIL)?
Hemant Surgical Industries Ltd reported trailing-twelve-month revenue of about ₹2.3B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of HSIL?
The net profit margin of Hemant Surgical Industries Ltd is about 7.9%, meaning it keeps roughly 7.9% 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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