KCP Limited (KCP) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of KCP Limited stock ₹133, price ₹156, that is 14.6% below the price, quality 57 out of 100. Rating: overvalued. 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. As of Nov 7, 2026.
How to read this chart
60‑month range ₹92.30 – ₹270.05 · fair‑value band ₹98.99 – ₹166.78 · the ₹156.10 price screens above the ₹133.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 7, 2026.
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The KCP Limited engages in cement, heavy engineering, power generation, and hospitality businesses in India. It operates through Cement Unit, Heavy Engineering Unit, Hotel, and Sugar segments.
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The company manufactures and sells cement; generates power from various sources, including thermal, hydel, solar, wind, and waste heat recovery; and produces refined sugar products under VARELLA brand.
It also manufactures heavy equipment for various industries and operates Mercure Hyderabad KCP hotel. KCP Limited was incorporated in 1941 and is based in Chennai, India.
Stock analysis
KCP Limited (KCP) currently trades at ₹156.10, while our model-based Fair Value estimate is ₹133.29, 15% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹224.56 per share, and 17 of the 26 models we run sit above the ₹156.10 price.
Bear case: the Asset-Based group reads lowest at ₹63.07, and 9 of the 26 models stay below the price. Data coverage for this calculation is medium.
Scenario range: ₹98.99 (bear) to ₹166.78 (bull), the price of ₹156.10 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 57/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
KCP Limited reported revenue of ₹25.8B in FY2026 versus ₹21.0B in FY2022, a compound +5.2%/yr. Reported net income was ₹2.0B in FY2026, compounding +1.2%/yr from FY2022.
Key figures
Market cap ₹20.1B (≈ $214M) Micro · P/E ratio 11.8 · P/S ratio 1.11 · EPS (TTM) ₹13.22 · Dividend yield 0.6% · Net margin 7.7% · Return on equity 13.1% · Return on assets (EBIT) 10.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 23% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −15%, KCP screens cheaper than that median.
Fair Value models
Bear₹98.99Fair Value ₹133.29Bull₹166.78
Price ₹156.10 · Downside -14.6%
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 2026 figures (about 7 months old). Earnings retained since then (₹7.47 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.
Best data coverage
FCF DCF₹159.88₹204.95₹261.2281
Growth DCF₹158.95₹199.34₹246.8179
Owner Earnings₹82.12₹95.67₹112.5977
All 26 models by family
DCF Models
FCF DCF₹159.88₹204.95₹261.2281
Owner Earnings₹82.12₹95.67₹112.5977
5Y Revenue Exit₹166.17₹234.69₹322.8972
5Y EBITDA Exit₹167.73₹237.70₹320.1575
5Y P/E Exit₹192.69₹285.87₹386.0970
10Y Revenue Exit₹158.69₹212.72₹286.7266
10Y EBITDA Exit₹162.12₹214.42₹285.0069
10Y P/E Exit₹175.00₹241.53₹326.2864
Earnings-Based
Graham-Dodd₹103.97₹378.52₹510.7064
Lynch FV₹90.01₹128.58₹167.1661
PEG = 1.0₹90.01₹128.58₹167.1657
EPV₹131.07₹139.84₹146.8073
Dividend Discount
Gordon GGM₹52.85₹83.47₹103.8769
DDM Multi-Stage₹52.85₹81.43₹90.2067
Multiples
P/E Multiple₹194.94₹259.92₹324.9063
P/S Multiple₹160.69₹214.26₹267.8257
P/B Multiple₹138.08₹184.10₹230.1355
EV/EBIT₹177.76₹227.72₹277.6965
EV/EBITDA₹170.33₹217.81₹265.3067
EV/Revenue₹157.78₹213.45₹269.1253
Asset-Based
NCAV (Graham)₹41.62₹63.07₹78.8354
Growth DCF
Growth DCF₹158.95₹199.34₹246.8179
Rev-Margin DCF₹166.17₹234.79₹317.2072
Economic Profit
Residual Income₹108.20₹115.97₹130.2176
ROIC Compounder₹131.07₹140.62₹153.3271
Growth Earnings
Growth-Adj P/E₹149.82₹214.03₹278.2467
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.83/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+1.9%
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.
+4.6%
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.
+8.8%
Start year 2021 (pandemic). Over 10 years: +7.1% a year
Revenue growth 17 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.
+27.0%
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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.
+4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.9%
Dividend (yield on the price)0.6%
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.3.9% vs 10.5%, 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.17% → 10%
Pace: the 5-year rate starts in 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).
−3.2%
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 −7.1% 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 industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Building Materials · 257 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−15.8% · Below median
Profitability
Return on equity (12 months)13.1% · Top 25%
Return on assets7.7% · Top 25%
Net margin (12 months)10.7% · Top 25%
Operating margin (12 months)14.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)7.7% · Above median
Dividend yield (12 months)0.6% · Bottom 25%
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Building Materials median · lower = cheaper
P/E (12 months)11.8× · Cheaper than median
P/B1.14× · Pricier than median
P/S (12 months)1.11× · Cheaper than median
Price / free cash flow (fiscal year)12.3× · Cheaper than median
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). "KCP Limited Fair Value". https://www.fairvalue-calculator.com/stock/KCP
Frequently asked questions
Is KCP Limited (KCP) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹133.29 versus a price of ₹156.10, about 15% lower (overvalued).
What is the fair value of KCP?
Our model-based fair value for KCP Limited is ₹133.29 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹156.10.
What is the quality score of KCP?
KCP Limited has a Quality Score of 57/100. 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 KCP Limited (KCP)?
Our model-based price target is the fair value of ₹133.29 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario ₹98.99, optimistic scenario ₹166.78. It is a calculation from audited fundamentals, not an analyst target.
What is the KCP Limited stock forecast for 2026?
Our models put fair value at ₹133.29, about 15% lower versus a price of ₹156.10 (overvalued). Cautious scenario ₹98.99, optimistic scenario ₹166.78. The calculation is refreshed regularly with new filings.
What is the revenue of KCP Limited (KCP)?
KCP Limited reported trailing-twelve-month revenue of about ₹25.8B (latest available figure, as of Nov 7, 2026).
Does KCP Limited pay a dividend?
KCP Limited currently shows a dividend yield of 0.64% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of KCP Limited (KCP) and when is the ex-dividend date?
KCP Limited pays a dividend of ₹1.00 per share a year, a dividend yield of 0.6%. The last ex-dividend date was Aug 12, 2026. A dividend has been paid every year since at least 2008. The payout ratio is 7.6% of earnings. Free cash flow covers the dividend 17.95 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into KCP Limited (KCP)?
For today's price to be fair in a discounted-cash-flow model, KCP Limited would have to grow free cash flow by -3.2 % per year for five years (discount rate 14.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.8 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of KCP use?
Our models discount KCP Limited at 14.1 %: a base by market capitalisation (micro), damped by beta 0.67, 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 KCP Limited that is -3.2 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (14.1 %) and the same formula as our fair value.
How much growth has KCP Limited (KCP) delivered so far?
Over the past 5 years revenue at KCP Limited grew +8.8 % a year. The price currently implies free-cash-flow growth of -3.2 % per 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 KCP Limited (KCP) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into KCP Limited (-3.2 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of KCP Limited (KCP)?
The free-cash-flow yield on the price is 11.50 %: that much free cash flow KCP Limited produces per unit of market value. When it exceeds the discount rate of our models (14.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of KCP Limited (KCP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KCP Limited it is ₹133.29 per share (as of Nov 7, 2026), against a price of ₹156.10. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is KCP Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, KCP trades above its calculated fair value: price ₹156.10, fair value ₹133.29, a gap of about −15% (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 KCP?
No. The price is what the market pays today (₹156.10); the fair value is what the company's own numbers justify (₹133.29). For KCP Limited the two are ₹22.81 per share apart. That gap is exactly why we show both numbers side by side.
How much is KCP Limited worth?
The market values KCP Limited at about ₹20.1B (market capitalisation, as of Nov 7, 2026). Per share that is ₹156.10; our models calculate a fair value of ₹133.29 per share.
What do the bullish and bearish scenarios say about KCP?
Our models span a range for KCP Limited: cautious scenario ₹98.99, base ₹133.29, optimistic ₹166.78 per share (as of Nov 7, 2026, price ₹156.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KCP?
KCP Limited trades at a price-to-earnings ratio of 11.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹133.29 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 15.7. Other multiples: P/B 1.1, P/S 1.1, EV/EBITDA 4.7.
How solid is the balance sheet of KCP Limited (KCP)?
Balance-sheet figures for KCP Limited (as of Nov 7, 2026): return on equity 13.1%, debt of 0.16 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is KCP from its 52-week high?
KCP Limited trades at ₹156.10, about 23% below its 52-week high of ₹203.66 and 24% above the low of ₹125.60 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹133.29 is for.
Which stocks are comparable to KCP Limited?
From the same area (Basic Materials) we also value CRH plc, Holcim AG, Martin Marietta Materials, Inc, Vulcan Materials Company, 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 KCP Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹156.10, calculated fair value ₹133.29 (−15%), Quality Score 57/100, from 26 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 KCP calculated?
We run KCP Limited through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹133.29 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. KCP Limited 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 KCP Limited (KCP)?
The closing price on Nov 9, 2026 was ₹156.10. Our model-based fair value is ₹133.29, about 15% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KCP Limited right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of KCP Limited (KCP) come from?
Earnings per share at KCP Limited grew +10.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +8.6 %, EBIT margin +1.6 %, tax rate +2.0 %, residual (interest, one-offs) −1.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of KCP Limited
How large is the market capitalisation of KCP Limited (KCP)?
The market capitalisation of KCP Limited is ₹20.1B (≈ $214M). 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 KCP Limited (KCP)?
The price-to-sales ratio of KCP Limited is 1.11 (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 KCP Limited (KCP)?
Earnings per share at KCP Limited are ₹13.22 (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of KCP Limited (KCP)?
The dividend yield of KCP Limited is 0.6% (payout 7.6%). 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 KCP Limited (KCP)?
The net margin of KCP Limited is 7.7% (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 KCP Limited (KCP)?
The return on equity (ROE) of KCP Limited is 13.1% (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 KCP Limited (KCP)?
On an EBIT basis the return on assets of KCP Limited is 10.1% (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 KCP Limited (KCP)?
The operating margin of KCP Limited is 14.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KCP Limited (KCP)?
Revenue at KCP Limited is growing +7.7% versus a year earlier (3y avg +4.6%). 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 KCP Limited (KCP)?
Earnings per share at KCP Limited are growing +126% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does KCP Limited (KCP) hold?
KCP Limited holds more cash than debt, ₹5.0B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Some data
Nov 7, 2026