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The Ruby Mills Limited (RUBYMILLS) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹10.9B

TR The Ruby Mills Limited RUBYMILLS · NSE
Price₹382.45
Fair Value₹165.65
Upside-56.7%
Quality48/100
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Expensive Growth
Solidly profitable · 12.2% net margin
Low debt · negative free cash flow
0.78% dividend yield
Trails peers (5/13)
Moderate moat 45/100
Evidence: High Range ₹97.17 – ₹234.13 Share as image

Fair value as of: Aug 13, 2026

From 16 valuation models · updated 4 days ago

Share price −7.5% over the past month.

Below-average quality, and screening another 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹234.13). The favourable scenario is already priced in.
  • Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹97.17 to ₹234.13) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹417.20 ₹78.09 Fair Value ₹165.65 Apr 2021 Aug 2026

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 ₹78.09 – ₹417.20 · fair‑value band ₹97.17 – ₹234.13 · the ₹382.45 price screens above the ₹165.65 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

The Ruby Mills Limited (RUBYMILLS) currently trades at ₹382.45, while our model-based Fair Value estimate is ₹165.65, implying the stock looks roughly 56.7% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, The Ruby Mills Limited generated revenue of ₹3.6B at a net margin of 12.2%. Revenue grew 53.6% year over year. It earns a return on equity of 6.7%. Net debt stands at ₹3.6B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹97.17 (bear case) to ₹234.13 (bull case); at ₹382.45, the current price sits above 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 near its 52-week high and 126% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -7% fair-value upside, at -57%, RUBYMILLS screens richer 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.

Model 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. Evidence
Highest evidence
Residual Income ₹160.43 ₹166.43 ₹172.91 76
ROIC Compounder ₹22.63 ₹42.29 ₹59.50 72
Gordon GGM ₹16.07 ₹33.41 ₹53.00 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹88.58 ₹309.76 ₹416.48 54
Lynch FV ₹72.13 ₹103.04 ₹133.95 50
PEG = 1.0 ₹72.13 ₹103.04 ₹133.95 46
EPV ₹22.63 ₹42.29 ₹59.50 59
Dividend Discount
Gordon GGM ₹16.07 ₹33.41 ₹53.00 70
DDM Multi-Stage ₹16.07 ₹28.07 ₹35.06 61
Multiples
P/E Multiple ₹214.93 ₹286.58 ₹358.22 63
P/S Multiple ₹96.51 ₹128.68 ₹160.85 58
P/B Multiple ₹166.08 ₹221.44 ₹276.81 55
EV/EBIT ₹110.06 ₹178.54 ₹247.02 53
EV/EBITDA ₹107.48 ₹175.09 ₹242.71 54
EV/Revenue ₹33.31 ₹71.91 43
Asset-Based
NCAV (Graham) ₹100.83 ₹135.11 ₹201.66 50
Economic Profit
Residual Income ₹160.43 ₹166.43 ₹172.91 76
ROIC Compounder ₹22.63 ₹42.29 ₹59.50 72
Growth Earnings
Growth-Adj P/E ₹184.27 ₹263.25 ₹342.22 68

Widest divergence: Growth Earnings (₹263.25) versus Dividend Discount (₹28.07). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹3.6B
Revenue growth (YoY) +53.6%
Net margin 12.2%
Return on equity 6.7%
Free cash flow −₹486M FY2026
P/E ratio 29.4
More key figures
Operating margin 16.2%
EPS (TTM) ₹13.02
Dividend yield 0.8%
EPS growth (YoY) -31.1%
Net debt ₹3.6B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 47 · Market factors (momentum, volatility) 89

Profitability 33
Margins and returns on capital today
Quality Growth 49
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 42
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

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

The Ruby Mills Limited engages in the manufacture of textile products in India. The company operates in two segments, Textiles, and Real Estate and Related.

Full company description

The Ruby Mills Limited engages in the manufacture of textile products in India. The company operates in two segments, Textiles, and Real Estate and Related. It offers pure and blended fabrics, including cotton, polyester, viscose, modal, lyocell, linen, Bemberg, ramie, rayon, Lycra, and their blends under the Ruby, Lukas, Hitline, and Label R brands; basic, LDPE, and HDPE micro dot fusible and non-fusible interlining products, as well as interlining pre-cuts and fragranced interlining products; and ready-to-wears garments, such as uniforms for healthcare institutions, corporates, educational institutions, and defense forces, as well as workwear and fashion apparels. It also engages in power generation and distribution; and water and effluent treatment facilities, including purification, recycling, waste management, and waste-to-energy solutions. The company is also involved in the development of real estate properties. It also exports its products. The company was incorporated in 1917 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

The Ruby Mills Limited reported revenue of ₹3.6B in FY2026 versus ₹1.6B in FY2022, a compound +22.5%/yr. Reported net income was ₹436M in FY2026, compounding +8.8%/yr from FY2022.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹3.6B
Latest YoY
+47.7%
Avg. growth/yr (3Y) 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.
+11.4%
Avg. growth/yr (5Y) 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.
+23.8%
Avg. growth/yr (20Y) 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.
+7.0%
Revenue +22.5%/yr
FY22 ₹1.6B
FY23 ₹2.6B
FY24 ₹2.3B
FY25 ₹2.4B
FY26 ₹3.6B
Net income +8.8%/yr
FY22 ₹310M
FY23 ₹352M
FY24 ₹445M
FY25 ₹423M
FY26 ₹436M
Character of growth · EPS growth decomposed (2015-2026) −0.2 % p.a.
Revenue per share +3.4 pp

of which total revenue +3.4 pp · buybacks/dilution +0.0 pp

EBIT margin −7.0 pp
Tax rate −0.2 pp
Residual (interest, one-offs) +3.5 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

RUBYMILLS screens 57% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "The Ruby Mills Limited Fair Value". https://www.fairvalue-calculator.com/stock/RUBYMILLS

Peer Group

Textile Manufacturing · 317 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.

Quality Score 48 · Below median
Fair Value upside −57% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 12% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth 54% · Top 25%
Dividend yield (TTM) 0.8% · Below median
Debt / equity 0.49× · Higher than 75% of peers

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 29.4× · Pricier than median
P/B 1.62× · Pricier than median
P/S (TTM) 3.05× · Pricier than 75% of peers
EV/EBITDA 18.8× · Pricier than 75% of peers

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.

VALUE 0 · sector 8
FUTURE 100 · sector 0
PAST 27 · sector 15
HEALTH 75 · sector 95
DIVIDEND 16 · sector 35

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$42.10 HK$68.24 +62%
Tongkun Group 601233 ¥22.67 ¥14.53 -36%
Inner Mongolia ERDOS Resources Co 600295 ¥12.79 ¥14.35 +12%
Far Eastern New Century Corporation 1402 27.55 TWD 25.64 TWD -7%
K.P.R. Mill Limited KPRMILL ₹1,089 ₹467.49 -57%
HMT (Xiamen) New Technical Materials Co 603306 ¥71.55 ¥11.85 -83%
Vardhman Textiles Limited VTL ₹591.90 ₹437.53 -26%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 324.31 TRY +86%
Ruentex Industries Ltd 2915 54.10 TWD 133.24 TWD +146%
Welspun Living Limited WELSPUNLIV ₹165.23 ₹47.77 -71%

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Frequently asked questions

Is The Ruby Mills Limited (RUBYMILLS) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹165.65 versus a price of ₹382.45, about −57% (overvalued).
What is the fair value of RUBYMILLS?
Our model-based fair value for The Ruby Mills Limited is ₹165.65 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹382.45.
What is the quality score of RUBYMILLS?
The Ruby Mills Limited has a Quality Score of 48/100. 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 revenue of The Ruby Mills Limited (RUBYMILLS)?
The Ruby Mills Limited reported trailing-twelve-month revenue of about ₹3.6B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of RUBYMILLS?
The net profit margin of The Ruby Mills Limited is about 12.2%, meaning it keeps roughly 12.2% of revenue as net income. Based on the latest reported figures.
Does The Ruby Mills Limited pay a dividend?
The Ruby Mills Limited currently shows a dividend yield of about 0.78% relative to its recent price (as of Aug 13, 2026).

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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