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Shreyans Industries Limited (SHREYANIND) Fair Value & Analysis

Basic Materials · IN · Market cap ₹1.9B

SI Shreyans Industries Limited SHREYANIND · NSE
Price₹130.22
Fair Value₹156.72
Upside+20.4%
Quality37/100
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Expensive Growth
Thin margins · 1.0% net margin
Low debt · negative free cash flow
1.11% dividend yield
Trails peers (4/13)
Narrow moat 13/100
Evidence: High Range ₹117.54 – ₹195.91 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹79.53 to ₹156.72 (+97.1%) since Aug 8, 2026. Share price −4.3% over the past month.

Below-average quality, screening 20% undervalued on our models.

What matters now

  • Our model range runs from ₹117.54 (bear) to ₹195.91 (bull), base ₹156.72. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 37/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹323.73 ₹76.41 Fair Value ₹156.72 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 ₹76.41 – ₹323.73 · fair‑value band ₹117.54 – ₹195.91 · the ₹130.22 price screens below the ₹156.72 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shreyans Industries Limited (SHREYANIND) currently trades at ₹130.22, while our model-based Fair Value estimate is ₹156.72, implying the stock looks roughly 20.4% undervalued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials 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, Shreyans Industries Limited generated revenue of ₹6.2B at a net margin of 1.0%. Revenue declined 6.4% year over year. It earns a return on equity of 1.5%. Net debt stands at ₹528M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹117.54 (bear case) to ₹195.91 (bull case); at ₹130.22, 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 47% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at 20%, SHREYANIND 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.

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 ₹203.13 ₹190.52 ₹134.04 76
Gordon GGM ₹38.62 ₹69.60 ₹95.81 70
Growth-Adj P/E ₹49.79 ₹71.13 ₹92.47 68
All 14 models by family
Earnings-Based
Graham-Dodd ₹31.81 ₹95.06 ₹125.90 54
Lynch FV ₹20.11 ₹28.73 ₹37.34 50
PEG = 1.0 ₹20.11 ₹28.73 ₹37.34 46
Dividend Discount
Gordon GGM ₹38.62 ₹69.60 ₹95.81 70
DDM Multi-Stage ₹38.62 ₹59.04 ₹74.35 61
Multiples
P/E Multiple ₹59.65 ₹79.53 ₹99.42 63
P/S Multiple ₹59.65 ₹79.53 ₹99.42 58
P/B Multiple ₹59.65 ₹79.53 ₹99.42 55
EV/EBIT ₹0.8200 ₹1.97 53
EV/EBITDA ₹83.30 ₹112.32 ₹141.34 54
EV/Revenue ₹0.4900 ₹1.77 43
Asset-Based
NCAV (Graham) ₹154.36 ₹206.84 ₹308.72 50
Economic Profit
Residual Income ₹203.13 ₹190.52 ₹134.04 76
Growth Earnings
Growth-Adj P/E ₹49.79 ₹71.13 ₹92.47 68

Widest divergence: Asset-Based (₹206.84) versus Earnings-Based (₹28.73). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹6.2B
Revenue growth (YoY) -6.4%
Net margin 1.0%
Return on equity 1.5%
Free cash flow −₹431M FY2026
P/E ratio 27.8
More key figures
Operating margin -3.3%
EPS (TTM) ₹4.69
Dividend yield 1.1%
EPS growth (YoY) -75.3%
Net debt ₹528M FY2026

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

Quality Score breakdown

Overall quality 37/100

Of which business quality 40 · Market factors (momentum, volatility) 30

Profitability 29
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 21
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 52
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 3
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

Shreyans Industries Limited engages in the manufacture and sale of writing and printing papers and soda ash in India and internationally.

Full company description

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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 46/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹6.2B
Latest YoY
−1.9%
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.
−10.4%
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.
+11.2%
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.
+6.5%
Revenue +1.6%/yr
FY22 ₹5.8B
FY23 ₹8.7B
FY24 ₹7.0B
FY25 ₹6.3B
FY26 ₹6.2B
Net income −10.2%/yr
FY22 ₹99.6M
FY23 ₹735M
FY24 ₹874M
FY25 ₹506M
FY26 ₹64.7M
Character of growth · EPS growth decomposed (2015-2026) +14.2 % p.a.
Revenue per share +5.8 pp

of which total revenue +5.8 pp · buybacks/dilution +0.0 pp

EBIT margin +9.4 pp
Tax rate +1.1 pp
Residual (interest, one-offs) −2.1 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).

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Cite: Fair Value Calculator (2026). "Shreyans Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/SHREYANIND

Peer Group

Paper & Paper Products · 115 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 37 · Bottom 25%
Fair Value upside +20% · Above median
Return on equity (TTM) 2% · Below median
Return on assets 0% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -3% · Bottom 25%
Revenue growth -6% · Bottom 25%
Dividend yield (TTM) 1.1% · Bottom 25%
Debt / equity 0.03× · Lower than 75% of peers

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

P/E (TTM) 27.8× · Pricier than median
P/B 0.45× · Cheaper than median
P/S (TTM) 0.31× · Cheaper than median
EV/EBITDA 12.3× · Pricier than median

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 60 · sector 27
FUTURE 0 · sector 4
PAST 6 · sector 12
HEALTH 98 · sector 91
DIVIDEND 22 · sector 54

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.55 R$3.80 -78%
UPM-Kymmene Oyj UPM €23.18 €14.21 -39%
Suzano S.A SUZ $8.02 $23.77 +196%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 109.40 kr 49.40 -55%
Shandong Sunpaper Co 002078 ¥13.94 ¥17.29 +24%
Holmen AB HOLMB kr 314.00 kr 217.72 -31%
Nine Dragons Paper (Holdings) Limited 2689 HK$8.21 HK$8.74 +6%
Empresas CMPC S.A CMPC 1,000 CLP 1,253 CLP +25%
Xianhe Co 603733 ¥21.11 ¥21.06 -0%
Billerud AB BILL kr 77.60 kr 48.60 -37%

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Frequently asked questions

Is Shreyans Industries Limited (SHREYANIND) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹156.72 versus a price of ₹130.22, about +20% (undervalued).
What is the fair value of SHREYANIND?
Our model-based fair value for Shreyans Industries Limited is ₹156.72 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹130.22.
What is the quality score of SHREYANIND?
Shreyans Industries Limited has a Quality Score of 37/100. 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 Shreyans Industries Limited (SHREYANIND)?
Shreyans Industries Limited reported trailing-twelve-month revenue of about ₹6.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SHREYANIND?
The net profit margin of Shreyans Industries Limited is about 1.0%, meaning it keeps roughly 1.0% of revenue as net income. Based on the latest reported figures.
Does Shreyans Industries Limited pay a dividend?
Shreyans Industries Limited currently shows a dividend yield of about 1.11% 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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