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Khaitan (India) Limited (KHAITANLTD) Fair Value & Analysis

Industrials · IN · Market cap ₹668M

KI Khaitan (India) Limited KHAITANLTD · NSE
Price₹148.19
Fair Value₹216.53
Upside+46.1%
Quality60/100
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Healthy Growth
Thin margins · 5.4% net margin
Low debt · generates free cash flow
Ranks above peers (12/13)
Moderate moat 47/100
Evidence: High Range ₹160.88 – ₹270.66 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 5 days ago

Share price +17.4% over the past month.

A solid business, screening 46% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (₹160.88). The market is more pessimistic than our downside scenario.
  • Solid quality (60/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹158.54 ₹14.25 Fair Value ₹216.53 Dec 2019 Aug 2026

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 ₹14.25 – ₹158.54 · fair‑value band ₹160.88 – ₹270.66 · the ₹148.19 price screens below the ₹216.53 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Khaitan (India) Limited (KHAITANLTD) currently trades at ₹148.19, while our model-based Fair Value estimate is ₹216.53, implying the stock looks roughly 46.1% undervalued today. The Quality Score stands at 60/100 (solid quality), in the Industrials 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, Khaitan (India) Limited generated revenue of ₹1.1B at a net margin of 5.4%. Revenue grew 41.5% year over year. It earns a return on equity of 19.9%. Net debt stands at ₹14.1M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹160.88 (bear case) to ₹270.66 (bull case); at ₹148.19, the current price sits below 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 2% below its 52-week high and 74% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -42% fair-value upside, at 46%, KHAITANLTD 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.

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
Growth DCF ₹181.82 ₹333.34 ₹546.57 80
Rev-Margin DCF ₹153.27 ₹275.06 ₹446.94 74
ROIC Compounder ₹121.00 ₹162.66 ₹217.48 72
All 24 models by family
DCF Models
FCF DCF ₹188.77 ₹317.08 ₹616.01 38
Owner Earnings ₹152.62 ₹290.79 ₹528.97 31
5Y Revenue Exit ₹153.27 ₹279.45 ₹457.84 39
5Y EBITDA Exit ₹151.13 ₹274.65 ₹436.45 41
5Y P/E Exit ₹194.13 ₹371.13 ₹587.44 38
10Y Revenue Exit ₹159.45 ₹282.21 ₹482.89 36
10Y EBITDA Exit ₹162.38 ₹278.83 ₹468.69 37
10Y P/E Exit ₹189.40 ₹346.71 ₹594.26 35
Earnings-Based
Graham-Dodd ₹86.61 ₹524.56 ₹731.45 54
Lynch FV ₹149.88 ₹214.11 ₹278.34 50
PEG = 1.0 ₹149.88 ₹214.11 ₹278.34 46
EPV ₹105.65 ₹120.13 ₹132.19 59
Multiples
P/E Multiple ₹210.16 ₹280.22 ₹350.27 63
P/S Multiple ₹162.40 ₹216.53 ₹270.66 58
P/B Multiple ₹162.40 ₹216.53 ₹270.66 55
EV/EBIT ₹198.53 ₹264.86 ₹331.20 53
EV/EBITDA ₹139.77 ₹186.52 ₹233.27 54
EV/Revenue ₹133.66 ₹191.15 ₹248.65 43
Asset-Based
NCAV (Graham) ₹35.29 ₹47.29 ₹70.59 50
Growth DCF
Growth DCF ₹181.82 ₹333.34 ₹546.57 80
Rev-Margin DCF ₹153.27 ₹275.06 ₹446.94 74
Economic Profit
Residual Income ₹72.62 ₹96.11 ₹268.95 61
ROIC Compounder ₹121.00 ₹162.66 ₹217.48 72
Growth Earnings
Growth-Adj P/E ₹221.74 ₹316.78 ₹411.81 68

Widest divergence: Growth Earnings (₹316.78) versus Asset-Based (₹47.29). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.1B
Revenue growth (YoY) +41.5%
Net margin 5.4%
Return on equity 19.9%
Free cash flow ₹75.9M FY2026
P/E ratio 10.4 as of Jul 3, 2026
More key figures
Operating margin 7.8%
EPS (TTM) ₹12.75
EPS growth (YoY) -15.0%
Net debt ₹14.1M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 60/100

Of which business quality 59 · Market factors (momentum, volatility) 70

Profitability 58
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 83
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.

About the company

Khaitan (India) Limited engages in trading of electrical goods primarily in India. It operates through three segments: Electrical Goods, Sugar, and Agriculture.

Full company description

Khaitan (India) Limited engages in trading of electrical goods primarily in India. It operates through three segments: Electrical Goods, Sugar, and Agriculture. The company offers fans, geyser and light products, cables, wires, switchgears, switches, motors, industrial air circulators, air coolers, pumps, electric FHP motors, and electrical accessories for use in infrastructure, industrial, housing, and commercial projects. It also provides agricultural and sugar products. The company was incorporated in 1936 and is based in Kolkata, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Khaitan (India) Limited reported revenue of ₹1.1B in FY2026 versus ₹461M in FY2022, a compound +24.9%/yr. Reported net income was ₹60.5M in FY2026.

Growth Quality 90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹1.1B
Latest YoY
+44.6%
Avg. 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.
+23.6%
Avg. 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.
+19.9%
Avg. growth/yr (20Y) 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.
+2.9%
Revenue +24.9%/yr
FY22 ₹461M
FY23 ₹595M
FY24 ₹592M
FY25 ₹776M
FY26 ₹1.1B
Net income
FY22 −₹32.9M
FY23 ₹6.8M
FY24 ₹13.4M
FY25 ₹69.8M
FY26 ₹60.5M

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Cite: Fair Value Calculator (2026). "Khaitan (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/KHAITANLTD

Peer Group

Industrial Distribution · 106 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.

Quality Score 60 · Above median
Fair Value upside +46% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 8% · Above median
Revenue growth 42% · Top 25%
Debt / equity 0.13× · Lower than median

Valuation Multiples vs Industrial Distribution median · lower = cheaper

P/E (TTM) 10.4× · Cheaper than 75% of peers
P/B 1.99× · Pricier than median
P/S (TTM) 0.60× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 9.1× · Cheaper than median

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.

VALUE 95 · sector 23
FUTURE 100 · sector 19
PAST 79 · sector 35
HEALTH 94 · sector 91
DIVIDEND 0 · sector 40

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Industrial Distribution stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
W.W. Grainger, Inc GWW $1,305 $613.88 -53%
Fastenal Company FAST $52.22 $20.64 -60%
Ferguson Enterprises Inc FERG $245.18 $148.98 -39%
WESCO International, Inc WCC $364.60 $213.01 -42%
Watsco, Inc WSO $309.41 $268.10 -13%
Toromont Industries Ltd TIH C$218.77 C$127.90 -42%
Applied Industrial Technologies, Inc AIT $352.29 $191.65 -46%
Finning International Inc FTT C$93.86 C$76.38 -19%
Addtech AB ADDTB kr 344.00 kr 156.35 -55%
Core & Main, Inc CNM $46.63 $49.47 +6%

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Frequently asked questions

Is Khaitan (India) Limited (KHAITANLTD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹216.53 versus a price of ₹148.19, about +46% (undervalued).
What is the fair value of KHAITANLTD?
Our model-based fair value for Khaitan (India) Limited is ₹216.53 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹148.19.
What is the quality score of KHAITANLTD?
Khaitan (India) Limited has a Quality Score of 60/100. 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 Khaitan (India) Limited (KHAITANLTD)?
Khaitan (India) Limited reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KHAITANLTD?
The net profit margin of Khaitan (India) Limited is about 5.4%, meaning it keeps roughly 5.4% 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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