RESONANCE SPECIALTIES LTD.-$ (RESONANCE) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of RESONANCE SPECIALTIES LTD.-$ ₹217, price ₹197, upside +10.0%, quality 74 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 3, 2026.
How to read this chart
60‑month range ₹66.47 – ₹237.37 · fair‑value band ₹150.86 – ₹281.79 · the ₹197.05 price screens below the ₹216.76 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Resonance Specialties Limited engages in the manufacture and marketing of specialty chemicals in India and internationally.
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Resonance Specialties Limited engages in the manufacture and marketing of specialty chemicals in India and internationally. It offers pyridine, a chemical used in manufacturing agrochemicals, pharmaceuticals and bulk drugs, dyes, rubber chemicals, etc.; cyanopyridines that are applied in manufacturing of niacinamide; and picolines, including alpha, beta, and gamma picolines used in manufacturing vinyl latex rubber, vitamin B3, and anti-tuberculosis drugs. The company also provides nutritional drug products, such as zinc and chromium picolinate, chromium polynicotinate, niacin, niacinamide, and Isoniazid; alpha picolinic and dipicolinic acids; solvents, including acetonitrile and valeronitrile; lutidines for anti-ulcer drugs; and collidines for omeprazole, lansoprazole, rebaprazole, and esomeprazole. The company was formerly known as Armour Polymers Limited. Resonance Specialties Limited was incorporated in 1989 and is based in Mumbai, India.
Stock analysis
RESONANCE SPECIALTIES LTD.-$ (RESONANCE) currently trades at ₹197.05, while our model-based Fair Value estimate is ₹216.76, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹188.23 per share, and 5 of the 24 models we run sit above the ₹197.05 price.
Bear case: the Asset-Based group reads lowest at ₹42.51, and 19 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹150.86 (bear) to ₹281.79 (bull), the price of ₹197.05 sits inside 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 74/100 (solid quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
RESONANCE SPECIALTIES LTD.-$ reported revenue of ₹902M in FY2025 versus ₹742M in FY2021, a compound +5.0%/yr. Reported net income was ₹104M in FY2025, compounding −4.2%/yr from FY2021.
Key figures
Market cap ₹2.3B (≈ $23.6M) · P/E ratio 15.7 · P/S ratio 1.81 · EPS (TTM) ₹12.57 · Dividend yield 0.5% · Net margin 11.5% · Return on equity 15.2% · Return on assets (EBIT) 25.5%.
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 at its 52-week high and 153% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −24% fair-value upside, at 10%, RESONANCE screens cheaper than that median.
Fair Value models
Bear ₹150.86Fair Value ₹216.76Bull ₹281.79
Price ₹197.05 · Upside +10.0%
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 2025 figures (about 9 months old). Earnings retained since then (₹8.78 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.79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+16.0%
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.
+15.3%
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.
+5.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+11.4%
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’25
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−3.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.2%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−0.2% vs 26.1%, slowing
Profit margin 2020 to 2025 ⓘ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.19% → 14%
2025 sits 108% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
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).
+9.2%
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 +4.8% a year for the price.
Compare RESONANCE SPECIALTIES LTD.-$ with another stock
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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.Chemicals · 342 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (TTM)15.2% · Top 25%
Return on assets9.5% · Top 25%
Net margin (TTM)14.3% · Top 25%
Operating margin (TTM)21.9% · Top 25%
Growth and dividend
Revenue growth53.2% · Top 25%
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Chemicals median · lower = cheaper
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Is RESONANCE SPECIALTIES LTD.-$ (RESONANCE) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹216.76 versus a price of ₹197.05, about +10% upside (undervalued).
What is the fair value of RESONANCE?
Our model-based fair value for RESONANCE SPECIALTIES LTD.-$ is ₹216.76 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹197.05.
What is the quality score of RESONANCE?
RESONANCE SPECIALTIES LTD.-$ has a Quality Score of 74/100. 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
Our model-based price target is the fair value of ₹216.76 (as of Oct 3, 2026) from 24 valuation models. Cautious scenario ₹150.86, optimistic scenario ₹281.79. It is a calculation from audited fundamentals, not an analyst target.
What is the RESONANCE SPECIALTIES LTD.-$ stock forecast for 2026?
Our models put fair value at ₹216.76, about +10% upside versus a price of ₹197.05 (undervalued). Cautious scenario ₹150.86, optimistic scenario ₹281.79. The calculation is refreshed regularly with new filings.
What is the revenue of RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
RESONANCE SPECIALTIES LTD.-$ reported trailing-twelve-month revenue of about ₹1.0B (latest available figure, as of Oct 3, 2026).
Does RESONANCE SPECIALTIES LTD.-$ pay a dividend?
RESONANCE SPECIALTIES LTD.-$ currently shows a dividend yield of about 0.51% relative to its recent price (as of Oct 3, 2026).
What growth is priced into RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
For today's price to be fair in a discounted-cash-flow model, RESONANCE SPECIALTIES LTD.-$ would have to grow free cash flow by +9.2 % 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 +5.1 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of RESONANCE use?
Our models discount RESONANCE SPECIALTIES LTD.-$ at 10.9 %: a base by market capitalisation (nano), damped by beta 0.48, 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 RESONANCE SPECIALTIES LTD.-$ that is +9.2 % 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE) delivered so far?
Over the past 5 years revenue at RESONANCE SPECIALTIES LTD.-$ grew +5.1 % a year. The price currently implies +9.2 % 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE) growing?
The median revenue growth in the sector is +12.5 % a year. That is the yardstick for the growth priced into RESONANCE SPECIALTIES LTD.-$ (+9.2 % 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The free-cash-flow yield on the price is 5.97 %: that much free cash flow RESONANCE SPECIALTIES 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For RESONANCE SPECIALTIES LTD.-$ it is ₹216.76 per share (as of Oct 3, 2026), against a price of ₹197.05. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is RESONANCE SPECIALTIES LTD.-$ stock overvalued or undervalued in 2026?
As of Oct 3, 2026, RESONANCE trades below its calculated fair value: price ₹197.05, fair value ₹216.76, a gap of about +10% (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 RESONANCE?
No. The price is what the market pays today (₹197.05); the fair value is what the company's own numbers justify (₹216.76). For RESONANCE SPECIALTIES LTD.-$ the two are ₹19.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is RESONANCE SPECIALTIES LTD.-$ worth?
The market values RESONANCE SPECIALTIES LTD.-$ at about ₹2.3B (market capitalisation, as of Oct 3, 2026). Per share that is ₹197.05; our models calculate a fair value of ₹216.76 per share.
What do the bullish and bearish scenarios say about RESONANCE?
Our models span a range for RESONANCE SPECIALTIES LTD.-$: cautious scenario ₹150.86, base ₹216.76, optimistic ₹281.79 per share (as of Oct 3, 2026, price ₹197.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of RESONANCE?
RESONANCE SPECIALTIES LTD.-$ trades at a price-to-earnings ratio of 15.7 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹216.76 is built from several models across several years. Other multiples: P/B 3.1, P/S 2.2, EV/EBITDA 12.2.
How solid is the balance sheet of RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
Balance-sheet figures for RESONANCE SPECIALTIES LTD.-$ (as of Oct 3, 2026): return on equity 15.2%, debt of 0.01 per unit of equity. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is RESONANCE from its 52-week high?
RESONANCE SPECIALTIES LTD.-$ trades at ₹197.05, at its 52-week high of ₹197.05 and 153% above the low of ₹77.93 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹216.76 is for.
Which stocks are comparable to RESONANCE SPECIALTIES LTD.-$?
From the same area (Basic Materials) we also value BASF SE, Ningxia Baofeng Energy Group, Dow Inc, Hengli Petrochemical Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is RESONANCE SPECIALTIES LTD.-$ stock attractive at the current price?
The data as of Oct 3, 2026: price ₹197.05, calculated fair value ₹216.76 (+10%), Quality Score 74/100, 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 RESONANCE calculated?
We run RESONANCE SPECIALTIES 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 ₹216.76, 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 14.9 % above its aggregate fair value. RESONANCE SPECIALTIES LTD.-$ currently trades 9 % 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The closing price on Oct 1, 2026 was ₹197.05. Our model-based fair value is ₹216.76, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with RESONANCE SPECIALTIES LTD.-$ right now?
A fairly wide model range (₹150.86 to ₹281.79) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of RESONANCE SPECIALTIES LTD.-$
How large is the market capitalisation of RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The market capitalisation of RESONANCE SPECIALTIES LTD.-$ is ₹2.3B (≈ $23.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The price-to-sales ratio of RESONANCE SPECIALTIES LTD.-$ is 1.81 (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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
Earnings per share at RESONANCE SPECIALTIES LTD.-$ are ₹12.57 (price ÷ EPS = P/E 15.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The dividend yield of RESONANCE SPECIALTIES LTD.-$ is 0.5% (payout 8.0%). 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The net margin of RESONANCE SPECIALTIES LTD.-$ is 11.5% (fiscal year 2025). 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The return on equity (ROE) of RESONANCE SPECIALTIES LTD.-$ is 15.2% (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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
On an EBIT basis the return on assets of RESONANCE SPECIALTIES LTD.-$ is 25.5% (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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
The operating margin of RESONANCE SPECIALTIES LTD.-$ is 21.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
Revenue at RESONANCE SPECIALTIES LTD.-$ is growing +53.2% versus a year earlier (3y avg +15.3%). 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 RESONANCE SPECIALTIES LTD.-$ (RESONANCE)?
Earnings per share at RESONANCE SPECIALTIES LTD.-$ are growing +253% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does RESONANCE SPECIALTIES LTD.-$ (RESONANCE) carry?
The net debt of RESONANCE SPECIALTIES LTD.-$ is ₹18.8M (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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