JAGAN LAMPS LTD. (JAGANLAM) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of JAGAN LAMPS LTD. ₹62.59, price ₹56.90, upside +10.0%, quality 59 out of 100. 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 3, 2026.
How to read this chart
60‑month range ₹32.31 – ₹147.12 · fair‑value band ₹46.95 – ₹78.24 · the ₹56.90 price screens below the ₹62.59 fair value. Dashed = 300-day average. As of Oct 3, 2026.
Follow JAGAN LAMPS in your weekly email
Every Wednesday you see whether JAGAN LAMPS is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Jagan Lamps Limited manufactures and sells auto bulbs and lamps worldwide. The company offers automotive halogen and signaling lamps; stop and tail bulbs; LED bulbs; and spare bulb kits. It also provides electric bikes under the NEUTRON brand.
Show more
Jagan Lamps Limited manufactures and sells auto bulbs and lamps worldwide. The company offers automotive halogen and signaling lamps; stop and tail bulbs; LED bulbs; and spare bulb kits. It also provides electric bikes under the NEUTRON brand. The company offers its products for passenger cars, commercial vehicles, and 2 and 3 wheeled vehicles, as well as for off road applications. It serves original equipment manufacturers, as well as aftermarkets. Jagan Lamps Limited was incorporated in 1993 and is based in Sonepat, India.
Stock analysis
JAGAN LAMPS LTD. (JAGANLAM) currently trades at ₹56.90, while our model-based Fair Value estimate is ₹62.59, implying the stock looks roughly 9.1% undervalued today.
Show more
Valuation
Bull case: the DCF Models group reads highest at a median of ₹99.53 per share, and 14 of the 24 models we run sit above the ₹56.90 price.
Bear case: the Earnings-Based group reads lowest at ₹24.17, and 10 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹46.95 (bear) to ₹78.24 (bull), the price of ₹56.90 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 59/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
JAGAN LAMPS LTD. reported revenue of ₹420M in FY2026 versus ₹447M in FY2022, a compound −1.5%/yr. Reported net income was ₹19.2M in FY2026, compounding −5.4%/yr from FY2022.
Key figures
Market cap ₹415M (≈ $4.3M) · P/E ratio 16.0 · P/S ratio 0.73 · EPS (TTM) ₹3.56 · Net margin 4.6% · Return on equity 5.6% · Return on assets (EBIT) 7.6% · Operating margin 11.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 45% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −27% fair-value upside, at 10%, JAGANLAM screens cheaper than that median.
Fair Value models
Bear ₹46.95Fair Value ₹62.59Bull ₹78.24
Price ₹56.90 · Upside +10.0%
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 2026 figures (about 6 months old). Earnings retained since then (₹1.82 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
−15.6%
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.
−3.5%
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.
+6.4%
Start year 2021 (pandemic). Over 10 years: +12.7% a year
Revenue growth 13 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.
+6.8%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
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.
−2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.8%
Dividend (yield on the price)0.0%
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.−2.8% vs 12.8%, slowing
Profit margin 2021 to 2026 ⓘ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.9% → 7%
Start year 2021 (pandemic)
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%
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 −8.3% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Auto Parts · 659 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+10.0% · Above median
Profitability
Return on equity (TTM)5.6% · Below median
Return on assets3.5% · Above median
Net margin (TTM)5.7% · Above median
Operating margin (TTM)11.2% · Top 25%
Growth and dividend
Revenue growth43.5% · Top 25%
Valuation Multiplesvs Auto Parts 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.
Is JAGAN LAMPS LTD. (JAGANLAM) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹62.59 versus a price of ₹56.90, about +10% upside (undervalued).
What is the fair value of JAGANLAM?
Our model-based fair value for JAGAN LAMPS LTD. is ₹62.59 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹56.90.
What is the quality score of JAGANLAM?
JAGAN LAMPS LTD. has a Quality Score of 59/100. 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 JAGAN LAMPS LTD. (JAGANLAM)?
Our model-based price target is the fair value of ₹62.59 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario ₹46.95, optimistic scenario ₹78.24. It is a calculation from audited fundamentals, not an analyst target.
What is the JAGAN LAMPS LTD. stock forecast for 2026?
Our models put fair value at ₹62.59, about +10% upside versus a price of ₹56.90 (undervalued). Cautious scenario ₹46.95, optimistic scenario ₹78.24. The calculation is refreshed regularly with new filings.
What is the revenue of JAGAN LAMPS LTD. (JAGANLAM)?
JAGAN LAMPS LTD. reported trailing-twelve-month revenue of about ₹459M (latest available figure, as of Oct 3, 2026).
What growth is priced into JAGAN LAMPS LTD. (JAGANLAM)?
For today's price to be fair in a discounted-cash-flow model, JAGAN LAMPS LTD. would have to grow free cash flow by -4.5 % per year for five years (discount rate 11.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of JAGANLAM use?
Our models discount JAGAN LAMPS LTD. at 11.1 %: a base by market capitalisation (nano), damped by beta 0.60, 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 JAGAN LAMPS LTD. that is -4.5 % per year a year over ten years, using the same discount rate (11.1 %) and the same formula as our fair value.
How much growth has JAGAN LAMPS LTD. (JAGANLAM) delivered so far?
Over the past 5 years revenue at JAGAN LAMPS LTD. grew +6.4 % 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 JAGAN LAMPS LTD. (JAGANLAM) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into JAGAN LAMPS LTD. (-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 JAGAN LAMPS LTD. (JAGANLAM)?
The free-cash-flow yield on the price is 13.83 %: that much free cash flow JAGAN LAMPS LTD. produces per unit of market value. When it exceeds the discount rate of our models (11.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of JAGAN LAMPS LTD. (JAGANLAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For JAGAN LAMPS LTD. it is ₹62.59 per share (as of Oct 3, 2026), against a price of ₹56.90. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is JAGAN LAMPS LTD. stock overvalued or undervalued in 2026?
As of Oct 3, 2026, JAGANLAM trades below its calculated fair value: price ₹56.90, fair value ₹62.59, a gap of about +10% (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 JAGANLAM?
No. The price is what the market pays today (₹56.90); the fair value is what the company's own numbers justify (₹62.59). For JAGAN LAMPS LTD. the two are ₹5.69 per share apart. That gap is exactly why we show both numbers side by side.
How much is JAGAN LAMPS LTD. worth?
The market values JAGAN LAMPS LTD. at about ₹415M (market capitalisation, as of Oct 3, 2026). Per share that is ₹56.90; our models calculate a fair value of ₹62.59 per share.
What do the bullish and bearish scenarios say about JAGANLAM?
Our models span a range for JAGAN LAMPS LTD.: cautious scenario ₹46.95, base ₹62.59, optimistic ₹78.24 per share (as of Oct 3, 2026, price ₹56.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of JAGANLAM?
JAGAN LAMPS LTD. trades at a price-to-earnings ratio of 16.0 (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 ₹62.59 is built from several models across several years. Other multiples: P/B 1.2, P/S 0.9, EV/EBITDA 8.1.
How solid is the balance sheet of JAGAN LAMPS LTD. (JAGANLAM)?
Balance-sheet figures for JAGAN LAMPS LTD. (as of Oct 3, 2026): return on equity 5.6%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is JAGANLAM from its 52-week high?
JAGAN LAMPS LTD. trades at ₹56.90, about 27% below its 52-week high of ₹78.24 and 45% above the low of ₹39.32 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹62.59 is for.
Which stocks are comparable to JAGAN LAMPS LTD.?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 JAGAN LAMPS LTD. stock attractive at the current price?
The data as of Oct 3, 2026: price ₹56.90, calculated fair value ₹62.59 (+10%), Quality Score 59/100, 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 JAGANLAM calculated?
We run JAGAN LAMPS 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 ₹62.59, 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 14.9 % above its aggregate fair value. JAGAN LAMPS LTD. currently trades 9 % 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 JAGAN LAMPS LTD. (JAGANLAM)?
The closing price on Oct 1, 2026 was ₹56.90. Our model-based fair value is ₹62.59, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with JAGAN LAMPS LTD. right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 JAGAN LAMPS LTD.
How large is the market capitalisation of JAGAN LAMPS LTD. (JAGANLAM)?
The market capitalisation of JAGAN LAMPS LTD. is ₹415M (≈ $4.3M). 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 JAGAN LAMPS LTD. (JAGANLAM)?
The price-to-sales ratio of JAGAN LAMPS LTD. is 0.73 (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 JAGAN LAMPS LTD. (JAGANLAM)?
Earnings per share at JAGAN LAMPS LTD. are ₹3.56 (price ÷ EPS = P/E 16.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of JAGAN LAMPS LTD. (JAGANLAM)?
The net margin of JAGAN LAMPS LTD. is 4.6% (fiscal year 2026). 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 JAGAN LAMPS LTD. (JAGANLAM)?
The return on equity (ROE) of JAGAN LAMPS LTD. is 5.6% (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 JAGAN LAMPS LTD. (JAGANLAM)?
On an EBIT basis the return on assets of JAGAN LAMPS LTD. is 7.6% (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 JAGAN LAMPS LTD. (JAGANLAM)?
The operating margin of JAGAN LAMPS LTD. is 11.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at JAGAN LAMPS LTD. (JAGANLAM)?
Revenue at JAGAN LAMPS LTD. is growing +43.5% versus a year earlier (3y avg −3.5%). 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 JAGAN LAMPS LTD. (JAGANLAM)?
Earnings per share at JAGAN LAMPS LTD. are growing +184% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does JAGAN LAMPS LTD. (JAGANLAM) carry?
The net debt of JAGAN LAMPS LTD. is ₹40.4M (fiscal year 2026, ≈ 0.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch JAGAN LAMPS LTD. in the live analysis
One click puts JAGAN LAMPS LTD. on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
