NTC INDUSTRIES LTD. (NTCIND) Fair Value & Analysis
Consumer Defensive · IN · Market cap ₹2.2B
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 6 days ago
Below-average quality, screening 29% undervalued on our models.
What matters now
- A fairly wide model range (₹122.54 to ₹238.87) leaves room in how you read the outcome.
- Our model range runs from ₹122.54 (bear) to ₹238.87 (bull), base ₹180.71. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 39/100 (below-average quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
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 ₹57.75 – ₹282.55 · fair‑value band ₹122.54 – ₹238.87 · the ₹140.05 price screens below the ₹180.71 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
NTC INDUSTRIES LTD. (NTCIND) currently trades at ₹140.05, while our model-based Fair Value estimate is ₹180.71, implying the stock looks roughly 29.0% undervalued today. The Quality Score stands 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 LTD. 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 Aug 13, 2026
Our scenario range runs from ₹122.54 (bear case) to ₹238.87 (bull case); at ₹140.05, the current price sits within 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 39% 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 Defensive peers we cover trades at 6% fair-value upside, at 29%, NTCIND 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.
All 15 models by family
Widest divergence: Growth Earnings (₹443.00) versus Economic Profit (₹82.47). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 37 · Market factors (momentum, volatility) 30
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
NTC INDUSTRIES LTD. 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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Peer Group
Tobacco · 37 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.
Valuation Multiples vs Tobacco median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Tobacco stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Philip Morris International Inc PM | $186.19 | $103.71 | -44% |
| British American Tobacco p.l.c. BTI | $55.84 | $61.07 | +9% |
| Altria Group MO | $64.38 | $81.81 | +27% |
| KT&G Corporation 033780 | 175,500 KRW | 110,656 KRW | -37% |
| PT Hanjaya Mandala Sampoerna Tbk, HMSP | 745.00 IDR | 1,041 IDR | +40% |
| Smoore International Holdings 6969 | HK$9.24 | HK$4.19 | -55% |
| Godfrey Phillips India Limited GODFRYPHLP | ₹2,160 | ₹1,194 | -45% |
| PT Gudang Garam Tbk, GGRM | 19,575 IDR | 16,988 IDR | -13% |
| TABAK TABAK | 18,700 CZK | 23,215 CZK | +24% |
| China Tobacco International (HK) Company 6055 | HK$22.82 | HK$24.09 | +6% |
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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.
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