Shreyans Industries Limited (SHREYANIND) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shreyans Industries Limited ₹157, price ₹126, upside +24.1%, quality 36 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 Oct 3, 2026.
How to read this chart
60‑month range ₹76.99 – ₹323.73 · fair‑value band ₹108.97 – ₹195.91 · the ₹126.29 price screens below the ₹156.72 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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Shreyans Industries Limited engages in the manufacture and sale of writing and printing papers and soda ash in India and internationally.
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Shreyans Industries Limited engages in the manufacture and sale of writing and printing papers and soda ash in India and internationally. The company offers high-brightness, cream wove, coloured, duplicating, surface-sized printing, azure laid, maplitho, stamp, inland letter, postal envelope, offset, cover, super calendered, rail ticket, and super printing paper products. It serves copy manufacturers, job printers, various states of textbook depots/boards, exporters of notebooks and diaries, printing and stationary departments, railways, P and T departments, and security presses. The company was formerly known as Shreyans Paper Mills Ltd. and changed its name to Shreyans Industries Limited in October 1992. Shreyans Industries Limited was incorporated in 1979 and is based in Ludhiana, India.
Stock analysis
Shreyans Industries Limited (SHREYANIND) currently trades at ₹126.29, while our model-based Fair Value estimate is ₹156.72, implying the stock looks roughly 19.4% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹206.84 per share, and 2 of the 14 models we run sit above the ₹126.29 price.
Bear case: the Earnings-Based group reads lowest at ₹28.73, and 12 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹108.97 (bear) to ₹195.91 (bull), the price of ₹126.29 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 36/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Shreyans Industries Limited reported revenue of ₹6.2B in FY2026 versus ₹5.8B in FY2022, a compound +1.6%/yr. Reported net income was ₹64.7M in FY2026, compounding −10.2%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹1.7B (≈ $18.1M) · P/E ratio 29.6 · P/S ratio 0.31 · EPS (TTM) ₹−10.15 · Dividend yield 1.2% · Net margin 1.0% · Return on equity 1.5% · Return on assets (EBIT) 11.3%.
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 45% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 18% fair-value upside, at 24%, SHREYANIND screens cheaper than that median.
Fair Value models
Bear ₹108.97Fair Value ₹156.72Bull ₹195.91
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.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
−1.9%
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.
−10.4%
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.
+11.2%
Start year 2021 (pandemic). Over 10 years: +4.8% a year
Revenue growth 20 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.
+6.5%
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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. 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.
−7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.3%
Dividend (yield on the price)1.2%
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.−8.3% vs −4.1%, slowing
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.−1% → 0%
Compare Shreyans Industries Limited with another stock
Price, fair value, quality and upside side by side.
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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.Paper & Paper Products · 117 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside+24.1% · Above median
Profitability
Return on equity (TTM)1.5% · Below median
Return on assets0.1% · Below median
Net margin (TTM)1.0% · Below median
Operating margin (TTM)−3.3% · Bottom 25%
Growth and dividend
Revenue growth−6.4% · Bottom 25%
Dividend yield (TTM)1.2% · Below median
Balance sheet
Debt / equity0.03× · Lowest 25%
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
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Is Shreyans Industries Limited (SHREYANIND) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹156.72 versus a price of ₹126.29, about +24% upside (undervalued).
What is the fair value of SHREYANIND?
Our model-based fair value for Shreyans Industries Limited is ₹156.72 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹126.29.
What is the quality score of SHREYANIND?
Shreyans Industries Limited has a Quality Score of 36/100. 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 Shreyans Industries Limited (SHREYANIND)?
Our model-based price target is the fair value of ₹156.72 (as of Oct 3, 2026) from 14 valuation models. Cautious scenario ₹108.97, optimistic scenario ₹195.91. It is a calculation from audited fundamentals, not an analyst target.
What is the Shreyans Industries Limited stock forecast for 2026?
Our models put fair value at ₹156.72, about +24% upside versus a price of ₹126.29 (undervalued). Cautious scenario ₹108.97, optimistic scenario ₹195.91. The calculation is refreshed regularly with new filings.
What is the revenue of Shreyans Industries Limited (SHREYANIND)?
Shreyans Industries Limited reported trailing-twelve-month revenue of about ₹6.3B (latest available figure, as of Oct 3, 2026).
Does Shreyans Industries Limited pay a dividend?
Shreyans Industries Limited currently shows a dividend yield of about 1.19% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Shreyans Industries Limited (SHREYANIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shreyans Industries Limited it is ₹156.72 per share (as of Oct 3, 2026), against a price of ₹126.29. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Shreyans Industries Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SHREYANIND trades below its calculated fair value: price ₹126.29, fair value ₹156.72, a gap of about +24% (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 SHREYANIND?
No. The price is what the market pays today (₹126.29); the fair value is what the company's own numbers justify (₹156.72). For Shreyans Industries Limited the two are ₹30.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shreyans Industries Limited worth?
The market values Shreyans Industries Limited at about ₹1.7B (market capitalisation, as of Oct 3, 2026). Per share that is ₹126.29; our models calculate a fair value of ₹156.72 per share.
What do the bullish and bearish scenarios say about SHREYANIND?
Our models span a range for Shreyans Industries Limited: cautious scenario ₹108.97, base ₹156.72, optimistic ₹195.91 per share (as of Oct 3, 2026, price ₹126.29). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SHREYANIND?
Shreyans Industries Limited trades at a price-to-earnings ratio of 29.6 (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 ₹156.72 is built from several models across several years. Other multiples: P/B 0.5, P/S 0.3, EV/EBITDA 12.3.
How solid is the balance sheet of Shreyans Industries Limited (SHREYANIND)?
Balance-sheet figures for Shreyans Industries Limited (as of Oct 3, 2026): return on equity 1.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is SHREYANIND from its 52-week high?
Shreyans Industries Limited trades at ₹126.29, about 45% below its 52-week high of ₹228.71 and 3% above the low of ₹122.49 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹156.72 is for.
Which stocks are comparable to Shreyans Industries Limited?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) Limited, The Navigator Company, 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 Shreyans Industries Limited stock attractive at the current price?
The data as of Oct 3, 2026: price ₹126.29, calculated fair value ₹156.72 (+24%), Quality Score 36/100, from 14 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 SHREYANIND calculated?
We run Shreyans Industries Limited through 14 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 ₹156.72, 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. Shreyans Industries Limited currently trades 19 % 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 Shreyans Industries Limited (SHREYANIND)?
The closing price on Oct 1, 2026 was ₹126.29. Our model-based fair value is ₹156.72, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shreyans Industries Limited right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Shreyans Industries Limited (SHREYANIND) come from?
Earnings per share at Shreyans Industries Limited grew +14.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +5.8 %, EBIT margin +9.4 %, tax rate +1.1 %, residual (interest, one-offs) −2.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shreyans Industries Limited
How large is the market capitalisation of Shreyans Industries Limited (SHREYANIND)?
The market capitalisation of Shreyans Industries Limited is ₹1.7B (≈ $18.1M). 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 Shreyans Industries Limited (SHREYANIND)?
The price-to-sales ratio of Shreyans Industries Limited is 0.31 (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 Shreyans Industries Limited (SHREYANIND)?
Earnings per share at Shreyans Industries Limited are ₹−10.15 (price ÷ EPS = P/E 29.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shreyans Industries Limited (SHREYANIND)?
The dividend yield of Shreyans Industries Limited is 1.2%. 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 Shreyans Industries Limited (SHREYANIND)?
The net margin of Shreyans Industries Limited is 1.0% (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 Shreyans Industries Limited (SHREYANIND)?
The return on equity (ROE) of Shreyans Industries Limited is 1.5% (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 Shreyans Industries Limited (SHREYANIND)?
On an EBIT basis the return on assets of Shreyans Industries Limited is 11.3% (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 Shreyans Industries Limited (SHREYANIND)?
The operating margin of Shreyans Industries Limited is −7.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shreyans Industries Limited (SHREYANIND)?
Revenue at Shreyans Industries Limited is growing +4.2% versus a year earlier (3y avg −10.4%). 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 Shreyans Industries Limited (SHREYANIND)?
Earnings per share at Shreyans Industries Limited are growing −75.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shreyans Industries Limited (SHREYANIND) generate?
The free cash flow of Shreyans Industries Limited is −₹431M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shreyans Industries Limited (SHREYANIND) carry?
The net debt of Shreyans Industries Limited is ₹528M (fiscal year 2026). 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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