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Signet Industries Limited (SIGIND) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Signet Industries Limited ₹93.30, price ₹67.42, upside +38.4%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Industrials · IN · ISIN INE529F01035

SI Thin data Sep 27, 2026

Signet Industries Limited

SIGIND · NSE

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value ₹93.30 · Undervalued (+38.4%)
!Quality 43/100
!Expensive Growth (revenue 5y +10.3 %/yr)
!Thin margins · 1.2% net margin (TTM)
!Low debt · negative free cash flow
!0.7% dividend yield · Token dividend
✓Ranks above peers (9/13)
!Narrow moat 30/100
!Evidence only low, so the estimate is less certain
!Weak on past: 27 out of 100
!Weak on dividend: 15 out of 100
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹92.62 ₹29.80 Fair Value ₹93.30 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹29.80 – ₹92.62 · fair‑value band ₹63.60 – ₹116.62 · the ₹67.42 price screens below the ₹93.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Signet Industries Limited primarily engages in the merchant trading of various polymer and plastic granules in India. It operates through Manufacturing, Wind Power Unit, and Trading segments.

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Signet Industries Limited primarily engages in the merchant trading of various polymer and plastic granules in India. It operates through Manufacturing, Wind Power Unit, and Trading segments. The company distributes and trades in PVC resins; polyolefins, such as HDPE, LLDPE, and PP; PET resins; and DOP and DBP plasticizers, as well as imports and trades in LDPE and metallocine grades. It also manufactures and sells micro irrigation systems; HDPE sprinkler pipes, HDPE pipes, and cable ducts; PVC pipes and agro fittings; spray pumps; crates; plastic moulded furniture; and household products, as well as ghamela. In addition, it provides exclusive trays, dinner sets, baskets, planters, worthy microwave boxes, material storage racks, keepers, dustbin and bucket ranges, water mugs, multi-purpose basins, soup cases, and bulky drums, as well as Seal N Safe range, store well range, and miscellaneous products. Further, the company manufactures modular furniture products, such as chairs, ergonomic stools, and kid's corner products; and imports and exports petrochemicals, petroleum products, household goods, and plastic packaging materials. Additionally, it generates and distributes electricity through windmills located in the states of Rajasthan and Maharashtra. The company was formerly known as Signet Overseas Limited and changed its name to Signet Industries Limited in January 2010. Signet Industries Limited was incorporated in 1985 and is based in Dhar, India.

Stock analysis

Signet Industries Limited (SIGIND) currently trades at ₹67.42, while our model-based Fair Value estimate is ₹93.30, implying the stock looks roughly 27.7% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of ₹93.30 per share, and 4 of the 8 models we run sit above the ₹67.42 price.

Bear case: the Dividend Discount group reads lowest at ₹9.46, and 4 of the 8 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹63.60 (bear) to ₹116.62 (bull), the price of ₹67.42 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 43/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Signet Industries Limited reported revenue of ₹13.5B in FY2026 versus ₹8.8B in FY2022, a compound +11.3%/yr. Reported net income was ₹162M in FY2026, compounding +18.3%/yr from FY2022.

Key figures

Market cap ₹2.0B (≈ $21.1M) · P/E ratio 12.6 · P/S ratio 0.15 · EPS (TTM) ₹5.36 · Dividend yield 0.7% · Net margin 1.2% · Return on equity 6.7% · Return on assets (EBIT) 8.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (low confidence).

What moves the price

The share trades about 8% below its 52-week high and 62% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −16% fair-value upside, at 38%, SIGIND screens cheaper than that median.

Fair Value models

Bear ₹63.60 Fair Value ₹93.30 Bull ₹116.62
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 2026 figures (about 6 months old). Earnings retained since then (₹2.46 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.
Highest evidence
Residual Income ₹66.27 ₹67.97 ₹74.18 76
Gordon GGM ₹5.50 ₹10.95 ₹16.58 67
DDM Multi-Stage ₹5.50 ₹9.46 ₹11.56 67
All 8 models by family
Earnings-Based
Graham-Dodd ₹37.32 ₹132.12 ₹177.82 64
Lynch FV ₹30.96 ₹44.23 ₹57.50 61
Dividend Discount
Gordon GGM ₹5.50 ₹10.95 ₹16.58 67
DDM Multi-Stage ₹5.50 ₹9.46 ₹11.56 67
Multiples
P/E Multiple ₹69.97 ₹93.30 ₹116.62 63
P/B Multiple ₹69.97 ₹93.30 ₹116.62 55
Asset-Based
NCAV (Graham) ₹42.03 ₹56.32 ₹84.06 54
Economic Profit
Residual Income ₹66.27 ₹67.97 ₹74.18 76

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Quality Score breakdown

Overall quality 43/100

Of which business quality 40 · Market factors (momentum, volatility) 78

Profitability 42
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 88
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.2%
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.
+9.8%
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.
+10.3%
Start year 2021 (pandemic). Over 10 years: +5.4% a year
Revenue growth 19 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.
+7.9%
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.
+6.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.0%
Dividend (yield on the price)0.7%
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.6.0% vs −1.1%, picking up
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.7% → 7%
Start year 2021 (pandemic)

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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.Conglomerates · 368 stocks

Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 43 · Below median
Fair Value upside +38.4% · Above median
Profitability
Return on equity (TTM) 6.7% · Above median
Return on assets 6.1% · Top 25%
Net margin (TTM) 1.2% · Below median
Operating margin (TTM) 6.4% · Below median
Growth and dividend
Revenue growth 7.1% · Above median
Dividend yield (TTM) 0.7% · Bottom 25%
Balance sheet
Debt / equity 0.13× · Below median

Valuation Multiplesvs Conglomerates median · lower = cheaper

P/E (TTM) 12.6× · Cheaper than median
P/B 0.82× · Cheaper than median
P/S (TTM) 0.15× · Cheapest 25%
EV/EBITDA 2.3× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)85 · sector 40
FUTURE (revenue growth)36 · sector 26
PAST (return on equity)27 · sector 20
HEALTH (low debt)93 · sector 89
DIVIDEND (yield)15 · sector 44

Context: sector, industry, market

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

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

Frequently asked questions

Is Signet Industries Limited (SIGIND) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹93.30 versus a price of ₹67.42, about +38% upside (undervalued).
What is the fair value of SIGIND?
Our model-based fair value for Signet Industries Limited is ₹93.30 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹67.42.
What is the quality score of SIGIND?
Signet Industries Limited has a Quality Score of 43/100. 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 Signet Industries Limited (SIGIND)?
Our model-based price target is the fair value of ₹93.30 (as of Sep 27, 2026) from 8 valuation models. Cautious scenario ₹63.60, optimistic scenario ₹116.62. It is a calculation from audited fundamentals, not an analyst target.
What is the Signet Industries Limited stock forecast for 2026?
Our models put fair value at ₹93.30, about +38% upside versus a price of ₹67.42 (undervalued). Cautious scenario ₹63.60, optimistic scenario ₹116.62. The calculation is refreshed regularly with new filings.
What is the revenue of Signet Industries Limited (SIGIND)?
Signet Industries Limited reported trailing-twelve-month revenue of about ₹13.5B (latest available figure, as of Sep 27, 2026).
Does Signet Industries Limited pay a dividend?
Signet Industries Limited currently shows a dividend yield of about 0.74% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Signet Industries Limited (SIGIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Signet Industries Limited it is ₹93.30 per share (as of Sep 27, 2026), against a price of ₹67.42. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Signet Industries Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SIGIND trades below its calculated fair value: price ₹67.42, fair value ₹93.30, a gap of about +38% (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 SIGIND?
No. The price is what the market pays today (₹67.42); the fair value is what the company's own numbers justify (₹93.30). For Signet Industries Limited the two are ₹25.88 per share apart. That gap is exactly why we show both numbers side by side.
How much is Signet Industries Limited worth?
The market values Signet Industries Limited at about ₹2.0B (market capitalisation, as of Sep 27, 2026). Per share that is ₹67.42; our models calculate a fair value of ₹93.30 per share.
What do the bullish and bearish scenarios say about SIGIND?
Our models span a range for Signet Industries Limited: cautious scenario ₹63.60, base ₹93.30, optimistic ₹116.62 per share (as of Sep 27, 2026, price ₹67.42). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SIGIND?
Signet Industries Limited trades at a price-to-earnings ratio of 12.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹93.30 is built from several models across several years. Other multiples: P/B 0.8, P/S 0.2, EV/EBITDA 2.3.
How solid is the balance sheet of Signet Industries Limited (SIGIND)?
Balance-sheet figures for Signet Industries Limited (as of Sep 27, 2026): return on equity 6.7%, debt of 0.13 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is SIGIND from its 52-week high?
Signet Industries Limited trades at ₹67.42, about 8% below its 52-week high of ₹73.29 and 62% above the low of ₹41.49 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹93.30 is for.
Which stocks are comparable to Signet Industries Limited?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, CITIC Limited, Swire Pacific Limited, 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 Signet Industries Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹67.42, calculated fair value ₹93.30 (+38%), Quality Score 43/100, from 8 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 SIGIND calculated?
We run Signet Industries Limited through 8 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 ₹93.30, 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. Signet Industries Limited currently trades 28 % 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 Signet Industries Limited (SIGIND)?
The closing price on Oct 1, 2026 was ₹67.42. Our model-based fair value is ₹93.30, about +38% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Signet Industries Limited right now?
The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹63.60 to ₹116.62) leaves room in how you read the outcome.
Where does the earnings growth of Signet Industries Limited (SIGIND) come from?
Earnings per share at Signet Industries Limited grew −0.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +4.7 %, EBIT margin −1.8 %, tax rate −1.2 %, residual (interest, one-offs) −2.1 %. 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 Signet Industries Limited

How large is the market capitalisation of Signet Industries Limited (SIGIND)?
The market capitalisation of Signet Industries Limited is ₹2.0B (≈ $21.1M). 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 Signet Industries Limited (SIGIND)?
The price-to-sales ratio of Signet Industries Limited is 0.15 (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 Signet Industries Limited (SIGIND)?
Earnings per share at Signet Industries Limited are ₹5.36 (price ÷ EPS = P/E 12.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Signet Industries Limited (SIGIND)?
The dividend yield of Signet Industries Limited is 0.7% (payout 9.3%). 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 Signet Industries Limited (SIGIND)?
The net margin of Signet Industries Limited is 1.2% (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 Signet Industries Limited (SIGIND)?
The return on equity (ROE) of Signet Industries Limited is 6.7% (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 Signet Industries Limited (SIGIND)?
On an EBIT basis the return on assets of Signet Industries Limited is 8.8% (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 Signet Industries Limited (SIGIND)?
The operating margin of Signet Industries Limited is 6.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Signet Industries Limited (SIGIND)?
Revenue at Signet Industries Limited is growing +7.1% versus a year earlier (3y avg +9.8%). 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 Signet Industries Limited (SIGIND)?
Earnings per share at Signet Industries Limited are growing −3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Signet Industries Limited (SIGIND) generate?
The free cash flow of Signet Industries Limited is −₹735M (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 Signet Industries Limited (SIGIND) carry?
The net debt of Signet Industries Limited is ₹4.4B (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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