INDAG RUBBER LTD.-$ (INDAG) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of INDAG RUBBER LTD.-$ ₹33.03, price ₹105, upside -68.7%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹56.77 – ₹291.13 · fair‑value band ₹24.75 – ₹42.15 · the ₹105.45 price screens above the ₹33.03 fair value. Dashed = 300-day average. As of Oct 3, 2026.
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INDAG RUBBER LTD.-$ (INDAG) currently trades at ₹105.45, while our model-based Fair Value estimate is ₹33.03, 68.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹58.94 per share, and 0 of the 24 models we run sit above the ₹105.45 price.
Bear case: the Earnings-Based group reads lowest at ₹5.42, and 24 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹24.75 (bear) to ₹42.15 (bull), the price of ₹105.45 sits above 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 55/100 (solid quality).
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
INDAG RUBBER LTD.-$ reported revenue of ₹2.1B in FY2025 versus ₹1.7B in FY2021, a compound +6.5%/yr. Reported net income was ₹102M in FY2025, compounding +48.9%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹2.8B (≈ $28.7M) · P/E ratio 19.9 · P/S ratio 0.94 · EPS (TTM) ₹5.30 · Dividend yield 2.3% · Net margin 4.7% · Return on equity 3.5% · Return on assets (EBIT) 1.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 29% above its 52-week low, currently below its 200-day average.
Fair Value models
Bear ₹24.75Fair Value ₹33.03Bull ₹42.15
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (₹2.19 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.Evidence ⓘEvidence = 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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−6.1%
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.
−4.2%
Revenue growth 5 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.
+4.8%
Start year 2020 (pandemic)
Revenue growth 9 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%
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What shareholders gained per year (last 5 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 5 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.
+34.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+32.0%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.32.0% vs −7.4%, picking up
Profit margin 2020 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.0% → 1%
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+26.7%
Yearly growth needed for the next five years to justify today's price.
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 +21.6% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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 “Tires & Rubber” was too small, so the broader sector is used.)Consumer Discretionary · 3619 stocks
Beats the sector median on 4/13 measures
Overall it trails its sector peers.
Valuation
Quality Score56 · Above median
Fair Value upside−69.9% · Bottom 25%
Profitability
Return on equity (TTM)3.5% · Below median
Return on assets0.4% · Below median
Net margin (TTM)4.8% · Above median
Operating margin (TTM)1.7% · Below median
Growth and dividend
Revenue growth10.4% · Above median
Dividend yield (TTM)2.3% · Below median
Valuation Multiplesvs Consumer Discretionary median · lower = cheaper
P/E (TTM)19.9× · Pricier than median
P/B1.20× · Cheaper than median
P/S (TTM)1.29× · Pricier than median
P/FCF45.6× · Priciest 25%
EV/EBITDA31.2× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 0
PAST (return on equity)14· sector 0
HEALTH (low debt)100· sector 0
DIVIDEND (yield)46· sector 0
VALUE 0: the price sits above our fair-value range.
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.
Is INDAG RUBBER LTD.-$ (INDAG) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹33.03 versus a price of ₹105.45, about −69% upside (overvalued).
What is the fair value of INDAG?
Our model-based fair value for INDAG RUBBER LTD.-$ is ₹33.03 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹105.45.
What is the quality score of INDAG?
INDAG RUBBER LTD.-$ has a Quality Score of 55/100. 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 INDAG RUBBER LTD.-$ (INDAG)?
Our model-based price target is the fair value of ₹33.03 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario ₹24.75, optimistic scenario ₹42.15. It is a calculation from audited fundamentals, not an analyst target.
What is the INDAG RUBBER LTD.-$ stock forecast for 2026?
Our models put fair value at ₹33.03, about −69% upside versus a price of ₹105.45 (overvalued). Cautious scenario ₹24.75, optimistic scenario ₹42.15. The calculation is refreshed regularly with new filings.
What is the revenue of INDAG RUBBER LTD.-$ (INDAG)?
INDAG RUBBER LTD.-$ reported trailing-twelve-month revenue of about ₹2.4B (latest available figure, as of Oct 3, 2026).
Does INDAG RUBBER LTD.-$ pay a dividend?
INDAG RUBBER LTD.-$ currently shows a dividend yield of about 2.28% relative to its recent price (as of Oct 3, 2026).
What growth is priced into INDAG RUBBER LTD.-$ (INDAG)?
For today's price to be fair in a discounted-cash-flow model, INDAG RUBBER LTD.-$ would have to grow free cash flow by +26.7 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.8 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of INDAG use?
Our models discount INDAG RUBBER LTD.-$ at 10.9 %: a base by market capitalisation (nano), damped by beta 0.20, 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 INDAG RUBBER LTD.-$ that is +26.7 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has INDAG RUBBER LTD.-$ (INDAG) delivered so far?
Over the past 5 years revenue at INDAG RUBBER LTD.-$ grew +4.8 % a year. The price currently implies +26.7 % 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.
What is the free cash flow yield of INDAG RUBBER LTD.-$ (INDAG)?
The free-cash-flow yield on the price is 2.19 %: that much free cash flow INDAG RUBBER LTD.-$ produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of INDAG RUBBER LTD.-$ (INDAG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For INDAG RUBBER LTD.-$ it is ₹33.03 per share (as of Oct 3, 2026), against a price of ₹105.45. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is INDAG RUBBER LTD.-$ stock overvalued or undervalued in 2026?
As of Oct 3, 2026, INDAG trades above its calculated fair value: price ₹105.45, fair value ₹33.03, a gap of about −69% (overvalued). 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 INDAG?
No. The price is what the market pays today (₹105.45); the fair value is what the company's own numbers justify (₹33.03). For INDAG RUBBER LTD.-$ the two are ₹72.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is INDAG RUBBER LTD.-$ worth?
The market values INDAG RUBBER LTD.-$ at about ₹2.8B (market capitalisation, as of Oct 3, 2026). Per share that is ₹105.45; our models calculate a fair value of ₹33.03 per share.
What do the bullish and bearish scenarios say about INDAG?
Our models span a range for INDAG RUBBER LTD.-$: cautious scenario ₹24.75, base ₹33.03, optimistic ₹42.15 per share (as of Oct 3, 2026, price ₹105.45). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of INDAG?
INDAG RUBBER LTD.-$ trades at a price-to-earnings ratio of 19.9 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹33.03 is built from several models across several years. Other multiples: P/B 1.2, P/S 1.3, EV/EBITDA 31.2.
How solid is the balance sheet of INDAG RUBBER LTD.-$ (INDAG)?
Balance-sheet figures for INDAG RUBBER LTD.-$ (as of Oct 3, 2026): return on equity 3.5%. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is INDAG from its 52-week high?
INDAG RUBBER LTD.-$ trades at ₹105.45, about 25% below its 52-week high of ₹139.90 and 29% above the low of ₹81.76 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹33.03 is for.
Is INDAG RUBBER LTD.-$ stock attractive at the current price?
The data as of Oct 3, 2026: price ₹105.45, calculated fair value ₹33.03 (−69%), Quality Score 55/100, from 24 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 INDAG calculated?
We run INDAG RUBBER LTD.-$ through 24 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 ₹33.03, 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 14.5 % above its aggregate fair value. INDAG RUBBER LTD.-$ itself currently trades above fair value. 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 INDAG RUBBER LTD.-$ (INDAG)?
The closing price on Oct 1, 2026 was ₹105.45. Our model-based fair value is ₹33.03, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with INDAG RUBBER LTD.-$ right now?
The price sits above even our optimistic bull case (₹42.15). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of INDAG RUBBER LTD.-$
How large is the market capitalisation of INDAG RUBBER LTD.-$ (INDAG)?
The market capitalisation of INDAG RUBBER LTD.-$ is ₹2.8B (≈ $28.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of INDAG RUBBER LTD.-$ (INDAG)?
The price-to-sales ratio of INDAG RUBBER LTD.-$ is 0.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of INDAG RUBBER LTD.-$ (INDAG)?
Earnings per share at INDAG RUBBER LTD.-$ are ₹5.30 (price ÷ EPS = P/E 19.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of INDAG RUBBER LTD.-$ (INDAG)?
The dividend yield of INDAG RUBBER LTD.-$ is 2.3% (payout 45.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of INDAG RUBBER LTD.-$ (INDAG)?
The net margin of INDAG RUBBER LTD.-$ is 4.7% (fiscal year 2025). 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 INDAG RUBBER LTD.-$ (INDAG)?
The return on equity (ROE) of INDAG RUBBER LTD.-$ is 3.5% (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 INDAG RUBBER LTD.-$ (INDAG)?
On an EBIT basis the return on assets of INDAG RUBBER LTD.-$ is 1.7% (avg 5y). 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 INDAG RUBBER LTD.-$ (INDAG)?
The operating margin of INDAG RUBBER LTD.-$ is 5.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at INDAG RUBBER LTD.-$ (INDAG)?
Revenue at INDAG RUBBER LTD.-$ is growing +55.7% versus a year earlier (3y avg −4.2%). 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 INDAG RUBBER LTD.-$ (INDAG)?
Earnings per share at INDAG RUBBER LTD.-$ are growing +278% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does INDAG RUBBER LTD.-$ (INDAG) carry?
The net debt of INDAG RUBBER LTD.-$ is ₹62.6M (fiscal year 2025, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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