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Latteys Industries Limited (LATTEYS) Fair Value & Analysis

Industrials · IN · Market cap ₹1.2B

LI Latteys Industries Limited LATTEYS · NSE
Price₹23.29
Fair Value₹9.38
Upside-59.7%
Quality31/100
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Expensive Growth
Thin margins · 3.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/12)
Narrow moat 40/100
Evidence: High Range ₹6.70 – ₹12.54 Share as image

Fair value as of: Aug 13, 2026

From 15 valuation models · updated 4 days ago

Share price +17.7% over the past month.

Below-average quality, and screening another 60% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹12.54). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹6.70 to ₹12.54) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹49.65 ₹3.83 Fair Value ₹9.38 May 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 ₹3.83 – ₹49.65 · fair‑value band ₹6.70 – ₹12.54 · the ₹23.29 price screens above the ₹9.38 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Latteys Industries Limited (LATTEYS) currently trades at ₹23.29, while our model-based Fair Value estimate is ₹9.38, implying the stock looks roughly 59.7% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Latteys Industries Limited generated revenue of ₹1.2B at a net margin of 3.0%. Revenue grew 59.2% year over year. It earns a return on equity of 16.1%. Net debt stands at ₹217M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹6.70 (bear case) to ₹12.54 (bull case); at ₹23.29, the current price sits above 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 37% below its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -67% fair-value upside, at -60%, LATTEYS 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 ₹8.15 ₹11.45 ₹14.28 72
Growth-Adj P/E ₹13.18 ₹18.83 ₹24.48 68
P/E Multiple ₹9.74 ₹12.99 ₹16.23 63
All 15 models by family
DCF Models
Owner Earnings ₹7.66 ₹15.88 ₹31.11 31
Earnings-Based
Graham-Dodd ₹4.21 ₹29.33 ₹41.16 54
Lynch FV ₹10.07 ₹14.38 ₹18.70 50
PEG = 1.0 ₹10.07 ₹14.38 ₹18.70 46
EPV ₹6.72 ₹7.63 ₹8.39 59
Multiples
P/E Multiple ₹9.74 ₹12.99 ₹16.23 63
P/S Multiple ₹7.88 ₹10.51 ₹13.14 58
P/B Multiple ₹7.88 ₹10.51 ₹13.14 55
EV/EBIT ₹13.37 ₹17.83 ₹22.28 53
EV/EBITDA ₹11.12 ₹14.83 ₹18.54 54
EV/Revenue ₹9.55 ₹13.64 ₹17.72 43
Asset-Based
NCAV (Graham) ₹2.07 ₹2.78 ₹4.15 50
Economic Profit
Residual Income ₹3.89 ₹4.76 ₹10.26 61
ROIC Compounder ₹8.15 ₹11.45 ₹14.28 72
Growth Earnings
Growth-Adj P/E ₹13.18 ₹18.83 ₹24.48 68

Widest divergence: Growth Earnings (₹18.83) versus Asset-Based (₹2.78). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹1.2B
Revenue growth (YoY) +59.2%
Net margin 3.0%
Return on equity 16.1%
Free cash flow −₹131M FY2026
P/E ratio 37.6
More key figures
Operating margin 5.9%
EPS (TTM) ₹0.6200
EPS growth (YoY) +181%
Net debt ₹217M FY2026

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

Quality Score breakdown

Overall quality 31/100

Of which business quality 31 · Market factors (momentum, volatility) 35

Profitability 53
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 43
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 45
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

Latteys Industries Limited manufactures and sells water pumping solutions in India. The company offers borewell submersible pumps, including cast iron, engineered plastic, and stainless-steel submersible pumps; vertical and horizontal open well submersible pumps; sewage pumps; centrifugal monoblock pumps; self-priming water pumps; and specialty pumps …

Full company description

Latteys Industries Limited manufactures and sells water pumping solutions in India. The company offers borewell submersible pumps, including cast iron, engineered plastic, and stainless-steel submersible pumps; vertical and horizontal open well submersible pumps; sewage pumps; centrifugal monoblock pumps; self-priming water pumps; and specialty pumps comprising induction motors and solar water pumps, as well as shallow well pumps. It also provides LED lights, such as home, street, and road lighting products; EV charging stations; and three core flat cables. In addition, the company exports its products. It serves the agricultural, domestic, industrial, and horticultural sectors. Latteys Industries Limited was founded in 2004 and is headquartered in Ahmedabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Latteys Industries Limited reported revenue of ₹1.2B in FY2026 versus ₹409M in FY2022, a compound +30.1%/yr. Reported net income was ₹35.6M in FY2026, compounding +36.1%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.2B
Latest YoY
+45.6%
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.
+30.2%
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.
+34.0%
Avg. growth/yr (12Y) 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.
+16.6%
Revenue +30.1%/yr
FY22 ₹409M
FY23 ₹529M
FY24 ₹636M
FY25 ₹803M
FY26 ₹1.2B
Net income +36.1%/yr
FY22 ₹10.3M
FY23 ₹13.3M
FY24 ₹14.9M
FY25 ₹18.1M
FY26 ₹35.6M
Character of growth · EPS growth decomposed (2015-2026) +18.1 % p.a.
Revenue per share +8.3 pp

of which total revenue +13.5 pp · buybacks/dilution −5.2 pp

EBIT margin +5.2 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +3.3 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).

LATTEYS screens 60% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "Latteys Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/LATTEYS

Peer Group

Specialty Industrial Machinery · 805 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 31 · Bottom 25%
Fair Value upside −60% · Below median
Return on equity (TTM) 16% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) 6% · Below median
Revenue growth 59% · Top 25%

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 37.6× · Pricier than median
P/B 5.06× · Pricier than 75% of peers
P/S (TTM) 1.03× · Cheaper than median
EV/EBITDA 18.2× · Pricier 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 0 · sector 0
FUTURE 100 · sector 22
PAST 64 · sector 28
HEALTH 100 · sector 95
DIVIDEND 0 · sector 27

VALUE 0: the price sits above our fair-value range.

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €899.80 €186.93 -79%
1SIE 1SIE €281.75 €91.93 -67%
SMNS SMNS C$31.76 C$22.75 -28%
Atlas Copco AB ATCOA kr 210.00 kr 112.59 -46%
Sandvik AB SAND kr 358.60 kr 193.01 -46%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥39.17 ¥22.68 -42%
ABB India Limited ABB ₹7,645 ₹1,322 -83%
Cummins India Limited CUMMINSIND ₹5,315 ₹1,355 -75%
Bharat Heavy Electricals Limited BHEL ₹421.70 ₹96.51 -77%
Siemens Limited SIEMENS ₹4,019 ₹746.83 -81%

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Frequently asked questions

Is Latteys Industries Limited (LATTEYS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹9.38 versus a price of ₹23.29, about −60% (overvalued).
What is the fair value of LATTEYS?
Our model-based fair value for Latteys Industries Limited is ₹9.38 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹23.29.
What is the quality score of LATTEYS?
Latteys Industries Limited has a Quality Score of 31/100. 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 Latteys Industries Limited (LATTEYS)?
Latteys Industries Limited reported trailing-twelve-month revenue of about ₹1.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of LATTEYS?
The net profit margin of Latteys Industries Limited is about 3.0%, meaning it keeps roughly 3.0% 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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