N.G.INDUSTRIES LTD.-$ (NGIND) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of N.G.INDUSTRIES LTD.-$ ₹46.75, price ₹110, upside -57.5%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹33.96 – ₹207.52 · fair‑value band ₹34.30 – ₹62.13 · the ₹109.90 price screens above the ₹46.75 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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N.G.INDUSTRIES LTD.-$ (NGIND) currently trades at ₹109.90, while our model-based Fair Value estimate is ₹46.75, 57.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹85.98 per share, and 1 of the 24 models we run sit above the ₹109.90 price.
Bear case: the Earnings-Based group reads lowest at ₹23.83, and 23 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹34.30 (bear) to ₹62.13 (bull), the price of ₹109.90 sits above 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 61/100 (solid quality), in the Health Care sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
N.G.INDUSTRIES LTD.-$ reported revenue of ₹164M in FY2026 versus ₹184M in FY2022, a compound −2.9%/yr. Reported net income was ₹17.3M in FY2026, compounding −9.7%/yr from FY2022.
Key figures
Market cap ₹400M (≈ $4.2M) · P/E ratio 21.3 · P/S ratio 2.25 · EPS (TTM) ₹5.17 · Dividend yield 3.2% · Net margin 10.6% · Return on equity 4.8% · Return on assets (EBIT) 4.2%.
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 29% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Health Care peers we cover trades at −33% fair-value upside, at −57%, NGIND screens richer than that median.
Fair Value models
Bear ₹34.30Fair Value ₹46.75Bull ₹62.13
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 (₹0.8510 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−0.9%
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.
−4.3%
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.
+6.6%
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.
−1.1%
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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. Basis: EBIT basis. 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.
−4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−7.8%
Dividend (yield on the price)3.2%
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.7% → 7%
⚠ Revenue per share shrinking 1.3%/yr over ~5Y (margins eroding too) ⓘ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
A lot of optimism in the price
The price assumes more 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).
+27.1%
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 +22.0% 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 sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Healthcare Facilities” was too small, so the broader sector is used.)Health Care · 2434 stocks
Beats the sector median on 8/13 measures
Overall it ranks above its sector peers.
Valuation
Quality Score61 · Above median
Fair Value upside−57.5% · Below median
Profitability
Return on equity (TTM)4.8% · Above median
Return on assets1.9% · Above median
Net margin (TTM)10.6% · Above median
Operating margin (TTM)11.0% · Above median
Growth and dividend
Revenue growth−2.4% · Below median
Dividend yield (TTM)3.2% · Above median
Valuation Multiplesvs Health Care median · lower = cheaper
P/E (TTM)21.3× · Cheaper than median
P/B1.19× · Cheaper than median
P/S (TTM)2.44× · Pricier than median
P/FCF46.0× · Priciest 25%
EV/EBITDA21.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 7
FUTURE (revenue growth)0· sector 26
PAST (return on equity)19· sector 13
HEALTH (low debt)0· sector 96
DIVIDEND (yield)64· sector 33
VALUE 0: the price sits above our fair-value range.
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). "N.G.INDUSTRIES LTD.-$ Fair Value". https://www.fairvalue-calculator.com/stock/NGIND
Frequently asked questions
Is N.G.INDUSTRIES LTD.-$ (NGIND) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹46.75 versus a price of ₹109.90, about −57% upside (overvalued).
What is the fair value of NGIND?
Our model-based fair value for N.G.INDUSTRIES LTD.-$ is ₹46.75 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹109.90.
What is the quality score of NGIND?
N.G.INDUSTRIES LTD.-$ has a Quality Score of 61/100. 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 N.G.INDUSTRIES LTD.-$ (NGIND)?
Our model-based price target is the fair value of ₹46.75 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹34.30, optimistic scenario ₹62.13. It is a calculation from audited fundamentals, not an analyst target.
What is the N.G.INDUSTRIES LTD.-$ stock forecast for 2026?
Our models put fair value at ₹46.75, about −57% upside versus a price of ₹109.90 (overvalued). Cautious scenario ₹34.30, optimistic scenario ₹62.13. The calculation is refreshed regularly with new filings.
What is the revenue of N.G.INDUSTRIES LTD.-$ (NGIND)?
N.G.INDUSTRIES LTD.-$ reported trailing-twelve-month revenue of about ₹164M (latest available figure, as of Sep 27, 2026).
Does N.G.INDUSTRIES LTD.-$ pay a dividend?
N.G.INDUSTRIES LTD.-$ currently shows a dividend yield of about 3.18% relative to its recent price (as of Sep 27, 2026).
What growth is priced into N.G.INDUSTRIES LTD.-$ (NGIND)?
For today's price to be fair in a discounted-cash-flow model, N.G.INDUSTRIES LTD.-$ would have to grow free cash flow by +27.1 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.7 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of NGIND use?
Our models discount N.G.INDUSTRIES LTD.-$ at 10.9 %: a base by market capitalisation (nano), damped by beta 0.05, 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 N.G.INDUSTRIES LTD.-$ that is +27.1 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has N.G.INDUSTRIES LTD.-$ (NGIND) delivered so far?
Over the past 5 years revenue at N.G.INDUSTRIES LTD.-$ grew +6.7 % a year. The price currently implies +27.1 % 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.
What is the free cash flow yield of N.G.INDUSTRIES LTD.-$ (NGIND)?
The free-cash-flow yield on the price is 2.36 %: that much free cash flow N.G.INDUSTRIES LTD.-$ produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of N.G.INDUSTRIES LTD.-$ (NGIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For N.G.INDUSTRIES LTD.-$ it is ₹46.75 per share (as of Sep 27, 2026), against a price of ₹109.90. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is N.G.INDUSTRIES LTD.-$ stock overvalued or undervalued in 2026?
As of Sep 27, 2026, NGIND trades above its calculated fair value: price ₹109.90, fair value ₹46.75, a gap of about −57% (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 NGIND?
No. The price is what the market pays today (₹109.90); the fair value is what the company's own numbers justify (₹46.75). For N.G.INDUSTRIES LTD.-$ the two are ₹63.15 per share apart. That gap is exactly why we show both numbers side by side.
How much is N.G.INDUSTRIES LTD.-$ worth?
The market values N.G.INDUSTRIES LTD.-$ at about ₹400M (market capitalisation, as of Sep 27, 2026). Per share that is ₹109.90; our models calculate a fair value of ₹46.75 per share.
What do the bullish and bearish scenarios say about NGIND?
Our models span a range for N.G.INDUSTRIES LTD.-$: cautious scenario ₹34.30, base ₹46.75, optimistic ₹62.13 per share (as of Sep 27, 2026, price ₹109.90). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NGIND?
N.G.INDUSTRIES LTD.-$ trades at a price-to-earnings ratio of 21.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹46.75 is built from several models across several years. Other multiples: P/B 1.2, P/S 2.4, EV/EBITDA 21.7.
How solid is the balance sheet of N.G.INDUSTRIES LTD.-$ (NGIND)?
Balance-sheet figures for N.G.INDUSTRIES LTD.-$ (as of Sep 27, 2026): return on equity 4.8%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is NGIND from its 52-week high?
N.G.INDUSTRIES LTD.-$ trades at ₹109.90, about 29% below its 52-week high of ₹155.00 and 7% above the low of ₹103.10 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹46.75 is for.
Which stocks are comparable to N.G.INDUSTRIES LTD.-$?
From the same area (Health Care) we also value 539428, PINC, KMCSHIL, SHUKRAPHAR, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is N.G.INDUSTRIES LTD.-$ stock attractive at the current price?
The data as of Sep 27, 2026: price ₹109.90, calculated fair value ₹46.75 (−57%), Quality Score 61/100, from 24 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 NGIND calculated?
We run N.G.INDUSTRIES LTD.-$ through 24 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 ₹46.75, 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 14.5 % above its aggregate fair value. N.G.INDUSTRIES LTD.-$ 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 N.G.INDUSTRIES LTD.-$ (NGIND)?
The closing price on Oct 1, 2026 was ₹109.90. Our model-based fair value is ₹46.75, about −57% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with N.G.INDUSTRIES LTD.-$ right now?
The price sits above even our optimistic bull case (₹62.13). The favourable scenario is already priced in. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹34.30 to ₹62.13) leaves room in how you read the outcome.
Key figures of N.G.INDUSTRIES LTD.-$
How large is the market capitalisation of N.G.INDUSTRIES LTD.-$ (NGIND)?
The market capitalisation of N.G.INDUSTRIES LTD.-$ is ₹400M (≈ $4.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of N.G.INDUSTRIES LTD.-$ (NGIND)?
The price-to-sales ratio of N.G.INDUSTRIES LTD.-$ is 2.25 (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 N.G.INDUSTRIES LTD.-$ (NGIND)?
Earnings per share at N.G.INDUSTRIES LTD.-$ are ₹5.17 (price ÷ EPS = P/E 21.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of N.G.INDUSTRIES LTD.-$ (NGIND)?
The dividend yield of N.G.INDUSTRIES LTD.-$ is 3.2% (payout 67.7%). 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 N.G.INDUSTRIES LTD.-$ (NGIND)?
The net margin of N.G.INDUSTRIES LTD.-$ is 10.6% (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 N.G.INDUSTRIES LTD.-$ (NGIND)?
The return on equity (ROE) of N.G.INDUSTRIES LTD.-$ is 4.8% (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 N.G.INDUSTRIES LTD.-$ (NGIND)?
On an EBIT basis the return on assets of N.G.INDUSTRIES LTD.-$ is 4.2% (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 N.G.INDUSTRIES LTD.-$ (NGIND)?
The operating margin of N.G.INDUSTRIES LTD.-$ is 11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at N.G.INDUSTRIES LTD.-$ (NGIND)?
Revenue at N.G.INDUSTRIES LTD.-$ is growing −2.4% versus a year earlier (3y avg −4.3%). 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 N.G.INDUSTRIES LTD.-$ (NGIND)?
Earnings per share at N.G.INDUSTRIES LTD.-$ are growing −93.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does N.G.INDUSTRIES LTD.-$ (NGIND) carry?
The net debt of N.G.INDUSTRIES LTD.-$ is ₹2.4M (fiscal year 2026, ≈ 0.3 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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