MAFATLAL INDUSTRIES LTD.-$ (MAFATIND) fair value: what the stock is really worth
As of Oct 6, 2026: fair value of MAFATLAL INDUSTRIES LTD.-$ ₹236, price ₹116, upside +103.7%, 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 2, 2026.
How to read this chart
60‑month range ₹16.83 – ₹208.00 · fair‑value band ₹162.19 – ₹349.32 · the ₹115.70 price screens below the ₹235.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Mafatlal Industries Limited manufactures and trades in textiles in India, rest of Asia, and internationally. The company operates through Textile and Related Products, Digital Infrastructure, and Consumer Durables and Others segments.
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Mafatlal Industries Limited manufactures and trades in textiles in India, rest of Asia, and internationally. The company operates through Textile and Related Products, Digital Infrastructure, and Consumer Durables and Others segments. It offers men's wear, such as fabrics, suiting, shirting, trousering, and readymade products; women's wear, including sarees, voiles, Rubia-blouses and dresses, fabrics, and readymade products; ready-to-stitch packs; denims; school, corporate, work, and hospital uniforms; bed linen products; comforters, dohars, bed sheets, pillow, and pillow covers; bath and hand towels; and specialty fabrics, such as flame retardant, anti-static, Teflon coated, anti-bacterial, soil-resistant, water repellant, and perfumed fabrics. The company provides baby pullup pants, newborn and baby tape diapers, and baby wipes under the CooCoo brand; adult diaper pants, adult tape diapers, underpads, belted sanitary pads, bed and bath wipes, and facial wipes under the Medimaf brand name; doctors, surgical gowns, scrub suits, nurse tunics, patient examination gowns, disposable uniforms, masks, gloves, sanitizers, wound care, surgical packs, and other products; and sanitary pads and innerwear, maternity pads, and face wipes under the Frolica brand. In addition, it offers technology solutions comprising digital classroom, e-learning, I.T. equipment, interactive flat panel, STEM lab-science lab, smart city, video conferencing, surveillance system, smart card, tele medicine, and educational card PC solutions. Mafatlal Industries Limited was founded in 1905 and is headquartered in Mumbai, India.
Stock analysis
MAFATLAL INDUSTRIES LTD.-$ (MAFATIND) currently trades at ₹115.70, while our model-based Fair Value estimate is ₹235.62, implying the stock looks roughly 50.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹579.18 per share, and 20 of the 26 models we run sit above the ₹115.70 price.
Bear case: the Dividend Discount group reads lowest at ₹24.84, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹162.19 (bear) to ₹349.32 (bull), the price of ₹115.70 sits below 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.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
MAFATLAL INDUSTRIES LTD.-$ reported revenue of ₹38.7B in FY2026 versus ₹10.0B in FY2022, a compound +40.3%/yr. Reported net income was ₹900M in FY2026, compounding +33.0%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹8.3B (≈ $86.6M) · P/E ratio 14.2 · P/S ratio 0.33 · EPS (TTM) ₹8.17 · Dividend yield 2.2% · Net margin 2.3% · Return on equity 13.1% · Return on assets (EBIT) 2.8%.
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 41% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −11% fair-value upside, at 104%, MAFATIND screens cheaper than that median.
Fair Value models
Bear ₹162.19Fair Value ₹235.62Bull ₹349.32
Price ₹115.70 · Upside +103.7%
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 (₹2.95 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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+37.9%
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.
+41.5%
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.
+45.2%
Start year 2021 (pandemic)
Revenue growth 7 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.
+21.0%
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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.
+27.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+25.0%
Dividend (yield on the price)2.2%
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.−11% → 2%
⚠ Revenue per share shrinking 11.5%/yr over ~5Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
−0.6%
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 −4.6% a year for the price.
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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.Textile Manufacturing · 333 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Top 25%
Fair Value upside+103.6% · Top 25%
Profitability
Return on equity (TTM)13.1% · Top 25%
Return on assets2.6% · Above median
Net margin (TTM)1.7% · Below median
Operating margin (TTM)1.5% · Below median
Growth and dividend
Revenue growth−24.0% · Bottom 25%
Dividend yield (TTM)2.2% · Above median
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
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Is MAFATLAL INDUSTRIES LTD.-$ (MAFATIND) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹235.62 versus a price of ₹115.70, about +104% upside (undervalued).
What is the fair value of MAFATIND?
Our model-based fair value for MAFATLAL INDUSTRIES LTD.-$ is ₹235.62 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹115.70.
What is the quality score of MAFATIND?
MAFATLAL INDUSTRIES 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
Our model-based price target is the fair value of ₹235.62 (as of Oct 2, 2026) from 26 valuation models. Cautious scenario ₹162.19, optimistic scenario ₹349.32. It is a calculation from audited fundamentals, not an analyst target.
What is the MAFATLAL INDUSTRIES LTD.-$ stock forecast for 2026?
Our models put fair value at ₹235.62, about +104% upside versus a price of ₹115.70 (undervalued). Cautious scenario ₹162.19, optimistic scenario ₹349.32. The calculation is refreshed regularly with new filings.
What is the revenue of MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
MAFATLAL INDUSTRIES LTD.-$ reported trailing-twelve-month revenue of about ₹35.7B (latest available figure, as of Oct 2, 2026).
Does MAFATLAL INDUSTRIES LTD.-$ pay a dividend?
MAFATLAL INDUSTRIES LTD.-$ currently shows a dividend yield of about 2.16% relative to its recent price (as of Oct 2, 2026).
What growth is priced into MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
For today's price to be fair in a discounted-cash-flow model, MAFATLAL INDUSTRIES LTD.-$ would have to grow free cash flow by -0.6 % per year for five years (discount rate 15.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +45.2 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of MAFATIND use?
Our models discount MAFATLAL INDUSTRIES LTD.-$ at 15.4 %: a base by market capitalisation (micro), 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 MAFATLAL INDUSTRIES LTD.-$ that is -0.6 % per year a year over ten years, using the same discount rate (15.4 %) and the same formula as our fair value.
How much growth has MAFATLAL INDUSTRIES LTD.-$ (MAFATIND) delivered so far?
Over the past 5 years revenue at MAFATLAL INDUSTRIES LTD.-$ grew +45.2 % a year. The price currently implies -0.6 % 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND) growing?
The median revenue growth in the sector is +6.9 % a year. That is the yardstick for the growth priced into MAFATLAL INDUSTRIES LTD.-$ (-0.6 % 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The free-cash-flow yield on the price is 13.74 %: that much free cash flow MAFATLAL INDUSTRIES LTD.-$ produces per unit of market value. When it exceeds the discount rate of our models (15.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MAFATLAL INDUSTRIES LTD.-$ it is ₹235.62 per share (as of Oct 2, 2026), against a price of ₹115.70. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is MAFATLAL INDUSTRIES LTD.-$ stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MAFATIND trades below its calculated fair value: price ₹115.70, fair value ₹235.62, a gap of about +104% (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 MAFATIND?
No. The price is what the market pays today (₹115.70); the fair value is what the company's own numbers justify (₹235.62). For MAFATLAL INDUSTRIES LTD.-$ the two are ₹119.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is MAFATLAL INDUSTRIES LTD.-$ worth?
The market values MAFATLAL INDUSTRIES LTD.-$ at about ₹8.3B (market capitalisation, as of Oct 2, 2026). Per share that is ₹115.70; our models calculate a fair value of ₹235.62 per share.
What do the bullish and bearish scenarios say about MAFATIND?
Our models span a range for MAFATLAL INDUSTRIES LTD.-$: cautious scenario ₹162.19, base ₹235.62, optimistic ₹349.32 per share (as of Oct 2, 2026, price ₹115.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MAFATIND?
MAFATLAL INDUSTRIES LTD.-$ trades at a price-to-earnings ratio of 14.2 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹235.62 is built from several models across several years. Other multiples: P/B 1.1, P/S 0.2, EV/EBITDA 10.3.
How solid is the balance sheet of MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
Balance-sheet figures for MAFATLAL INDUSTRIES LTD.-$ (as of Oct 2, 2026): return on equity 13.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is MAFATIND from its 52-week high?
MAFATLAL INDUSTRIES LTD.-$ trades at ₹115.70, about 41% below its 52-week high of ₹195.60 and 7% above the low of ₹108.20 (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of ₹235.62 is for.
Which stocks are comparable to MAFATLAL INDUSTRIES LTD.-$?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is MAFATLAL INDUSTRIES LTD.-$ stock attractive at the current price?
The data as of Oct 2, 2026: price ₹115.70, calculated fair value ₹235.62 (+104%), Quality Score 59/100, 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 MAFATIND calculated?
We run MAFATLAL INDUSTRIES LTD.-$ through 26 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 ₹235.62, 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 15.4 % above its aggregate fair value. MAFATLAL INDUSTRIES LTD.-$ currently trades 51 % 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The closing price on Oct 6, 2026 was ₹115.70. Our model-based fair value is ₹235.62, about +104% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MAFATLAL INDUSTRIES LTD.-$ right now?
The price is below even our cautious bear case (₹162.19). The market is more pessimistic than our downside scenario. Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹162.19 to ₹349.32) leaves room in how you read the outcome.
Key figures of MAFATLAL INDUSTRIES LTD.-$
How large is the market capitalisation of MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The market capitalisation of MAFATLAL INDUSTRIES LTD.-$ is ₹8.3B (≈ $86.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The price-to-sales ratio of MAFATLAL INDUSTRIES LTD.-$ is 0.33 (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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
Earnings per share at MAFATLAL INDUSTRIES LTD.-$ are ₹8.17 (price ÷ EPS = P/E 14.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The dividend yield of MAFATLAL INDUSTRIES LTD.-$ is 2.2% (payout 30.6%). 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The net margin of MAFATLAL INDUSTRIES LTD.-$ is 2.3% (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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The return on equity (ROE) of MAFATLAL INDUSTRIES LTD.-$ 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
On an EBIT basis the return on assets of MAFATLAL INDUSTRIES LTD.-$ is 2.8% (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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
The operating margin of MAFATLAL INDUSTRIES LTD.-$ is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
Revenue at MAFATLAL INDUSTRIES LTD.-$ is growing −24.0% versus a year earlier (3y avg +41.5%). 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 MAFATLAL INDUSTRIES LTD.-$ (MAFATIND)?
Earnings per share at MAFATLAL INDUSTRIES LTD.-$ are growing −67.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does MAFATLAL INDUSTRIES LTD.-$ (MAFATIND) carry?
The net debt of MAFATLAL INDUSTRIES LTD.-$ is ₹171M (fiscal year 2025, ≈ 0.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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