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Kshitij Polyline Limited (KSHITIJPOL) Fair Value & Analysis

Industrials · IN · Market cap ₹366M

KP Kshitij Polyline Limited KSHITIJPOL · NSE
Price₹3.03
Fair Value₹5.21
Upside+72.0%
Quality25/100
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Expensive Growth
Thin margins · 7.9% net margin
Low debt · negative free cash flow
Ranks above peers (11/12)
Narrow moat 44/100
Evidence: Medium Range ₹3.65 – ₹6.77 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 4 days ago

Share price +21.7% over the past month.

Below-average quality, screening 72% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (25/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹3.65). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (₹3.65 to ₹6.77) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹70.80 ₹1.99 Fair Value ₹5.21 Apr 2021 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 ₹1.99 – ₹70.80 · fair‑value band ₹3.65 – ₹6.77 · the ₹3.03 price screens below the ₹5.21 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Kshitij Polyline Limited (KSHITIJPOL) currently trades at ₹3.03, while our model-based Fair Value estimate is ₹5.21, implying the stock looks roughly 72.0% undervalued today. The Quality Score stands at 25/100 (below-average 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: medium), always confirm before acting.

Over the trailing twelve months, Kshitij Polyline Limited generated revenue of ₹448M at a net margin of 7.9%. Revenue grew 97.3% year over year. It earns a return on equity of 7.1%. Net debt stands at ₹185M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹3.65 (bear case) to ₹6.77 (bull case); at ₹3.03, 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 58% below its 52-week high and 61% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -60% fair-value upside, at 72%, KSHITIJPOL 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
ROIC Compounder ₹2.49 ₹2.83 ₹3.12 72
Growth-Adj P/E ₹4.29 ₹6.13 ₹7.97 68
P/E Multiple ₹5.09 ₹6.78 ₹8.48 63
All 14 models by family
Earnings-Based
Graham-Dodd ₹2.71 ₹11.12 ₹15.14 54
Lynch FV ₹2.79 ₹3.99 ₹5.19 50
PEG = 1.0 ₹2.79 ₹3.99 ₹5.19 46
EPV ₹2.49 ₹2.83 ₹3.12 59
Multiples
P/E Multiple ₹5.09 ₹6.78 ₹8.48 63
P/S Multiple ₹5.09 ₹6.78 ₹8.48 58
P/B Multiple ₹5.09 ₹6.78 ₹8.48 55
EV/EBIT ₹3.77 ₹5.03 ₹6.29 53
EV/EBITDA ₹4.88 ₹6.51 ₹8.15 54
EV/Revenue ₹3.26 ₹4.67 ₹6.07 43
Asset-Based
NCAV (Graham) ₹3.54 ₹4.75 ₹7.08 50
Economic Profit
Residual Income ₹5.19 ₹5.19 ₹4.77 61
ROIC Compounder ₹2.49 ₹2.83 ₹3.12 72
Growth Earnings
Growth-Adj P/E ₹4.29 ₹6.13 ₹7.97 68

Widest divergence: Multiples (₹6.51) versus Economic Profit (₹2.83). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹448M
Revenue growth (YoY) +97.3%
Net margin 7.9%
Return on equity 7.1%
Free cash flow −₹103M FY2026
P/E ratio 12.1
More key figures
Operating margin 19.2%
EPS (TTM) ₹0.2500
EPS growth (YoY) -50.0%
Net debt ₹185M FY2026

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

Quality Score breakdown

Overall quality 25/100

Of which business quality 27 · Market factors (momentum, volatility) 34

Profitability 34
Margins and returns on capital today
Quality Growth 68
Are margins and returns improving?
Cashflow 4
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 27
Distance to the 52-week high (market factor)
Net Issuance 0
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

Kshitij Polyline Limited manufactures, distributes, supplies, and exporting of various smart ID card products, binding and lamination equipment, related materials and accessories, and stationery products in India.

Full company description

Kshitij Polyline Limited manufactures, distributes, supplies, and exporting of various smart ID card products, binding and lamination equipment, related materials and accessories, and stationery products in India. It offers industrial products, including PP, PET, and PVC sheet; nylon coated wires and wiro; and spiral rings, as well as thermal laminating, PP and Bopet films. The company also provides healthcare products, such as N95 mask, PPE kit, industrial mask, face shield, and 3ply and fancy mask; post printing equipment comprising cold lamination machine, roll laminator, slot punch and corner cutter, spiral, comb, wiro, and perfect binding machines. Further, it provides ID card making machines, cutter, and printer; card tripping machine, and creasing and perforation machines; stationary products, including binding and lamination materials, Id card accessories, and PP files and folders; and customized products, such as hospital files, ID cards, badges, and printed lanyards. The company exports its products to various countries, including Uganda, Lebanon, Sri Lanka, South Africa, Bhutan, Nepal, Dubai, and internationally. Kshitij Polyline Limited was founded in 1998 and is headquartered in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Kshitij Polyline Limited reported revenue of ₹448M in FY2026 versus ₹390M in FY2022, a compound +3.5%/yr. Reported net income was ₹35.5M in FY2026, compounding +71.0%/yr from FY2022.

Growth Quality 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹448M
Latest YoY
+6.8%
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.
+9.6%
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.
+13.0%
Avg. growth/yr (13Y) 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.
+9.8%
Revenue +3.5%/yr
FY22 ₹390M
FY23 ₹340M
FY24 ₹594M
FY25 ₹419M
FY26 ₹448M
Net income +71.0%/yr
FY22 ₹4.2M
FY23 ₹3.7M
FY24 ₹16.1M
FY25 −₹86.9M
FY26 ₹35.5M
Character of growth · EPS growth decomposed (2015-2026) +21.6 % p.a.
Revenue per share +6.0 pp

of which total revenue +14.9 pp · buybacks/dilution −9.0 pp

EBIT margin −7.9 pp
Tax rate +2.0 pp
Residual (interest, one-offs) +21.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Kshitij Polyline Limited Fair Value". https://www.fairvalue-calculator.com/stock/KSHITIJPOL

Peer Group

Business Equipment & Supplies · 74 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 25 · Bottom 25%
Fair Value upside +72% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 19% · Top 25%
Revenue growth 97% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Business Equipment & Supplies median · lower = cheaper

P/E (TTM) 12.1× · Cheaper than 75% of peers
P/B 0.58× · Cheaper than 75% of peers
P/S (TTM) 0.82× · Cheaper than median
EV/EBITDA 6.3× · Cheaper than 75% of peers

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 100 · sector 33
FUTURE 100 · sector 19
PAST 28 · sector 21
HEALTH 100 · sector 98
DIVIDEND 0 · sector 53

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 Business Equipment & Supplies stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GRG Banking Equipment Co 002152 ¥10.22 ¥9.65 -6%
Shanghai M&G Stationery Inc 603899 ¥22.25 ¥30.05 +35%
XGD Inc 300130 ¥19.30 ¥19.69 +2%
DOMS Industries Limited DOMS ₹2,242 ₹782.96 -65%
Hengbao Co 002104 ¥10.71 ¥2.09 -80%
Shaanxi Fenghuo Electronics Co 000561 ¥7.72 ¥1.75 -77%
Shenzhen Comix Group 002301 ¥7.44 ¥3.01 -60%
Shandong New Beiyang Information Technology Co 002376 ¥6.72 ¥2.10 -69%
Cashway Fintech Co 603106 ¥9.54 ¥1.68 -82%
Qingdao Hiron Commercial Cold Chain Co 603187 ¥12.58 ¥21.12 +68%

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Frequently asked questions

Is Kshitij Polyline Limited (KSHITIJPOL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹5.21 versus a price of ₹3.03, about +72% (undervalued).
What is the fair value of KSHITIJPOL?
Our model-based fair value for Kshitij Polyline Limited is ₹5.21 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹3.03.
What is the quality score of KSHITIJPOL?
Kshitij Polyline Limited has a Quality Score of 25/100. 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 Kshitij Polyline Limited (KSHITIJPOL)?
Kshitij Polyline Limited reported trailing-twelve-month revenue of about ₹448M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KSHITIJPOL?
The net profit margin of Kshitij Polyline Limited is about 7.9%, meaning it keeps roughly 7.9% 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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