NTC Industries Limited (NTCIND) Fair Value & Analysis
Consumer Defensive · IN · Market cap ₹2.2B
Fair value as of: Jul 5, 2026
From 15 valuation models · updated today
Share price −4.4% over the past month.
Price vs Fair Value (12 months)
12‑month range ₹146.85 – ₹221.10 · fair‑value band ₹122.54 – ₹238.87 · the ₹149.45 price screens below the ₹180.71 fair value. As of Jul 5, 2026.
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NTC Industries Limited (NTCIND) currently trades at ₹149.45, while our model-based Fair Value estimate is ₹180.71 — implying the stock looks roughly 20.9% undervalued today. We read business quality at 39/100 (below-average quality), in the Consumer Defensive 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, NTC Industries Limited generated revenue of ₹1.3B at a net margin of 15.3%. Revenue grew 39.1% year over year. It earns a return on equity of 9.3%. Net debt stands at ₹754M. Fundamentals as of Jul 5, 2026
Our scenario range runs from ₹122.54 (bear case) to ₹238.87 (bull case); at ₹149.45, the current price sits within that range. The share trades about 34% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -25% fair-value upside — at 21%, NTCIND screens cheaper than that median.
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.
About the company
NTC Industries Limited manufactures and sells cigarettes and smoking mixtures in India. It also offers matchboxes under the R'Gent brand; and incense sticks under the Agardeep brand. The company sells its tobacco products under the Regent, Carlton, Jaipur, Prince Henry, Ritz, Neel, La Rose, First Lady, Cool, No 10, Maypole, and Jaipur brands. It also operates in Japan, the United States, Russia, Germany, and the United Arab Emirates. The company was formerly known as RDB Industries Ltd and changed its name to NTC Industries Limited in March 2011. NTC Industries Limited was founded in 1931 and is based in Kolkata, India.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
NTC Industries Limited reported revenue of ₹974M in FY2026 versus ₹312M in FY2022, a compound +32.9%/yr. Reported net income was ₹196M in FY2026, compounding +21.4%/yr from FY2022.
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Similar stocks
10 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Philip Morris International Inc PM | $178.29 | $105.35 | -41% |
| British American Tobacco p.l.c. BMT | €52.90 | €39.20 | -26% |
| Altria Group MO | 1,253 MXN | 1,090 MXN | -13% |
| Japan Tobacco Inc JAPAF | $34.75 | $26.18 | -25% |
| ITC Limited ITC | ₹280.70 | ₹215.21 | -23% |
| Imperial Brands PLC IMBBY | $37.78 | $57.39 | +52% |
| KT&G Corporation 033780 | 174,900 KRW | 106,289 KRW | -39% |
| Smoore International Holdings SMORF | $1.40 | $0.8200 | -41% |
| PT Hanjaya Mandala Sampoerna Tbk, HMSP | 660.00 IDR | 1,193 IDR | +81% |
| Godfrey Phillips India Limited GODFRYPHLP | ₹2,171 | ₹1,384 | -36% |
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Frequently asked questions
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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.
Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.