INDIAN TONERS & DEVELOPERS LTD.-$ (INDTONER) Fair Value & Analysis
Basic Materials · IN · Market cap ₹3.0B
Fair value as of: Aug 13, 2026
From 26 valuation models · updated 6 days ago
Fair value updated Aug 13, 2026, revised from ₹70.46 to ₹62.85 (−10.8%) since Aug 12, 2026.
A solid business, screening 34% undervalued on our models.
What matters now
- The rarer combination: high quality (74/100) AND below fair value. That earns a closer look rather than a quick verdict.
- A fairly wide model range (₹44.56 to ₹82.77) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 ₹46.81 – ₹371.79 · fair‑value band ₹44.56 – ₹82.77 · the ₹46.81 price screens below the ₹62.85 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
INDIAN TONERS & DEVELOPERS LTD.-$ (INDTONER) currently trades at ₹46.81, while our model-based Fair Value estimate is ₹62.85, implying the stock looks roughly 34.3% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Basic Materials 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, INDIAN TONERS & DEVELOPERS LTD.-$ generated revenue of ₹1.7B at a net margin of 16.4%. Revenue grew 12.4% year over year. It earns a return on equity of 12.6%. The stock trades on a trailing P/E of 11.2 (as of Jul 5, 2026). Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹44.56 (bear case) to ₹82.77 (bull case); at ₹46.81, 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. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 34%, INDTONER 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.
All 26 models by family
Widest divergence: DCF Models (₹66.16) versus Dividend Discount (₹13.40). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 72 · Market factors (momentum, volatility) 20
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
Indian Toners & Developers Limited manufactures and sells compatible toners in India. The company offers chemical color toners, laser toners, copier/digital toners, and wide format copier and printer toners. Its products are primarily used in laser, multi-function, and wide format printers, as well as digital machines and analogue copiers.
Full company description
Indian Toners & Developers Limited manufactures and sells compatible toners in India. The company offers chemical color toners, laser toners, copier/digital toners, and wide format copier and printer toners. Its products are primarily used in laser, multi-function, and wide format printers, as well as digital machines and analogue copiers. The company provides its products under the ITDL Color Premium and Supremo brand names through a network of jobbers, re-fillers, distributors, and dealers/wholesalers. It also exports its products. The company was incorporated in 1990 and is headquartered in New Delhi, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
INDIAN TONERS & DEVELOPERS LTD.-$ reported revenue of ₹1.7B in FY2026 versus ₹1.2B in FY2022, a compound +8.7%/yr. Reported net income was ₹272M in FY2026, compounding +9.5%/yr from FY2022.
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Peer Group
Specialty Chemicals · 675 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.
Valuation Multiples vs Specialty Chemicals median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Linde plc LIN | $479.43 | $222.03 | -54% |
| Wanhua Chemical Group 600309 | ¥75.06 | ¥68.03 | -9% |
| Asian Paints Limited ASIANPAINT | ₹2,630 | ₹696.23 | -74% |
| Solar Industries India Limited SOLARINDS | ₹18,730 | ₹2,793 | -85% |
| Pidilite Industries Limited PIDILITIND | ₹1,702 | ₹351.84 | -79% |
| PT Chandra Asri Pacific Tbk TPIA | 2,160 IDR | 2,322 IDR | +8% |
| Berger Paints India Limited BERGEPAINT | ₹541.00 | ₹156.35 | -71% |
| Gujarat Fluorochemicals Limited FLUOROCHEM | ₹4,680 | ₹724.88 | -85% |
| Himadri Speciality Chemical Limited HSCL | ₹778.15 | ₹248.63 | -68% |
| Enaex S.A ENAEX | 25,050 CLP | 23,574 CLP | -6% |
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Frequently asked questions
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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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