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Xpro India Limited (XPROINDIA) Fair Value & Analysis

Basic Materials · IN · Market cap ₹35.3B

XI Xpro India Limited XPROINDIA · NSE
Price₹1,115
Fair Value₹139.12
Upside-87.5%
Quality34/100
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Expensive Growth
Thin margins · 3.8% net margin
Low debt · negative free cash flow
0.14% dividend yield
Trails peers (1/13)
Narrow moat 27/100
Evidence: High Range ₹104.34 – ₹164.26 Share as image

Fair value as of: Aug 8, 2026

From 16 valuation models · updated today

Fair value updated Aug 8, 2026, revised from ₹139.32 to ₹139.12 (−0.1%) since Jul 3, 2026. Share price −20.8% over the past month.

Below-average quality, and screening another 88% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹164.26). The favourable scenario is already priced in.
  • Weak quality (34/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

₹1,632 ₹52.90 Fair Value ₹139.12 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 8, 2026.

How to read this chart

60‑month range ₹52.90 – ₹1,632 · fair‑value band ₹104.34 – ₹164.26 · the ₹1,115 price screens above the ₹139.12 fair value. Dashed = 300-day average. As of Aug 8, 2026.

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Analysis

Xpro India Limited (XPROINDIA) currently trades at ₹1,115, while our model-based Fair Value estimate is ₹139.12, implying the stock looks roughly 87.5% overvalued today. We read business quality at 34/100 (below-average quality), in the Basic Materials 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, Xpro India Limited generated revenue of ₹5.1B at a net margin of 3.8%. Revenue declined 15.1% year over year. It earns a return on equity of 2.8%. Net debt stands at ₹2.3B. Fundamentals as of Aug 8, 2026

Our scenario range runs from ₹104.34 (bear case) to ₹164.26 (bull case); at ₹1,115, 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 about 27% below its 52-week high and 42% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -58% fair-value upside, at -88%, XPROINDIA 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 BearBaseBull Evidence
Highest evidence
Residual Income ₹230.92 ₹221.08 ₹180.28 76
ROIC Compounder ₹36.73 ₹53.39 ₹67.97 72
Gordon GGM ₹18.04 ₹37.52 ₹59.51 70
All 16 models by family
Earnings-Based
Graham-Dodd ₹55.73 ₹172.92 ₹229.91 54
Lynch FV ₹37.52 ₹53.60 ₹69.67 50
PEG = 1.0 ₹37.52 ₹53.60 ₹69.67 46
EPV ₹36.73 ₹53.39 ₹67.97 59
Dividend Discount
Gordon GGM ₹18.04 ₹37.52 ₹59.51 70
DDM Multi-Stage ₹18.04 ₹29.80 ₹39.37 61
Multiples
P/E Multiple ₹122.93 ₹163.90 ₹204.88 63
P/S Multiple ₹104.49 ₹139.32 ₹174.15 58
P/B Multiple ₹104.49 ₹139.32 ₹174.15 55
EV/EBIT ₹140.52 ₹208.45 ₹276.38 53
EV/EBITDA ₹133.72 ₹199.37 ₹265.03 54
EV/Revenue ₹74.11 ₹132.98 ₹191.85 43
Asset-Based
NCAV (Graham) ₹161.84 ₹216.87 ₹323.69 50
Economic Profit
Residual Income ₹230.92 ₹221.08 ₹180.28 76
ROIC Compounder ₹36.73 ₹53.39 ₹67.97 72
Growth Earnings
Growth-Adj P/E ₹102.07 ₹145.82 ₹189.56 68

Widest divergence: Asset-Based (₹216.87) versus Dividend Discount (₹29.80). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) ₹5.1B
Revenue growth (YoY) -15.1%
Net margin 3.8%
Return on equity 2.8%
Free cash flow −₹1.1B FY2026
P/E ratio 181.6
More key figures
Operating margin 8.2%
EPS (TTM) ₹8.28
Dividend yield 0.1%
EPS growth (YoY) +93.0%
Net debt ₹2.3B FY2026

Figures from reported company fundamentals · as of Aug 8, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 31 · Market factors (momentum, volatility) 53

Profitability 23
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 39
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

Xpro India Limited processes and sells polymers primarily in India. The company offers dielectric films for applications comprising power transmission and distribution, motor run, power film/electronic, magnetic lighting ballast, microwave oven, low voltage industrial power factor correction, AC and pulse film, interference suppression, and hybrid cars …

Full company description

Xpro India Limited processes and sells polymers primarily in India. The company offers dielectric films for applications comprising power transmission and distribution, motor run, power film/electronic, magnetic lighting ballast, microwave oven, low voltage industrial power factor correction, AC and pulse film, interference suppression, and hybrid cars capacitors, as well as for energy storage applications. It also provides specialty cast coextruded films, including hygiene films for use as diaper backing films, in sanitary napkins, in surgical drapes; release films for use in rubber, tire and tread, and conveyor belting industries; soft blister films for medical disposals packaging; and stretch wrap films for use in pallet stretch wrap and food bundle overwraps. In addition, the company offers mono-layer and coextruded plastic sheets for use in refrigerator door and cabinet liners; luggage shells; automotive floorings, trims, and panels; disposable cups, as well as stationary containers for files and folders; and industrial thermoforming applications, such as furniture, packaging, and bathroom cabinets. Further, it provides thermoformed liners for use in refrigerator inner and door liners; automotive interior and exterior trims, dash boards, door panels, floor panels; furniture; luggage shells; sanitary products, bath-tubs, cabinets; electrical/electronic housings, tubelight panels, streetlamps and other light fittings; and industrial trays for material handling. The company was formerly known as Biax Films Limited and changed its name to Xpro India Limited in September 1998. Xpro India Limited was incorporated in 1997 and is based in New Delhi, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Xpro India Limited reported revenue of ₹5.1B in FY2026 versus ₹4.7B in FY2022, a compound +1.7%/yr. Reported net income was ₹192M in FY2026, compounding −19.1%/yr from FY2022.

Growth Quality 28/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹5.1B
Latest YoY
−5.6%
Avg. growth/yr (3Y)
−0.4%
Avg. growth/yr (5Y)
+6.2%
Avg. growth/yr (20Y)
+8.0%
Revenue +1.7%/yr
FY22 ₹4.7B
FY23 ₹5.1B
FY24 ₹4.7B
FY25 ₹5.4B
FY26 ₹5.1B
Net income −19.1%/yr
FY22 ₹449M
FY23 ₹454M
FY24 ₹439M
FY25 ₹380M
FY26 ₹192M

XPROINDIA screens 88% overvalued. Compare with Linde plc →

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Cite: Fair Value Calculator (2026). "Xpro India Limited Fair Value". https://www.fairvalue-calculator.com/stock/XPROINDIA

Peer Group

Specialty Chemicals · 679 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 34 · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 8% · Above median
Revenue growth -15% · Bottom 25%
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 181.6× · Pricier than 75% of peers
P/B 4.65× · Pricier than 75% of peers
P/S (TTM) 6.98× · Pricier than 75% of peers
EV/EBITDA 80.9× · 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 0
FUTURE 0 · sector 19
PAST 11 · sector 23
HEALTH 84 · sector 95
DIVIDEND 3 · sector 25

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 Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 8, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $520.74 $226.27 -57%
Nan Ya Plastics Corporation 1303 181.50 TWD 255.83 TWD +41%
Wanhua Chemical Group 600309 ¥70.04 ¥68.03 -3%
Novozymes A/S NSISB kr 428.20 kr 179.66 -58%
Asian Paints Limited ASIANPAINT ₹2,689 ₹668.81 -75%
Solar Industries India Limited SOLARINDS ₹18,236 ₹2,793 -85%
Pidilite Industries Limited PIDILITIND ₹1,560 ₹351.84 -77%
PT Chandra Asri Pacific Tbk TPIA 1,805 IDR 2,888 IDR +60%
Linde India Limited LINDEINDIA ₹7,115 ₹757.93 -89%
Berger Paints India Limited BERGEPAINT ₹493.70 ₹164.29 -67%

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Frequently asked questions

Is Xpro India Limited (XPROINDIA) overvalued or undervalued?
As of Aug 8, 2026, our model estimates a fair value of ₹139.12 versus a price of ₹1,115, about −88% (overvalued).
What is the fair value of XPROINDIA?
Our model-based fair value for Xpro India Limited is ₹139.12 (as of Aug 8, 2026), built from audited fundamentals. The current price is ₹1,115.
What is the quality score of XPROINDIA?
Xpro India Limited has a Quality Score of 34/100. It combines two groups: business quality (profitability, growth, cash flow, balance-sheet strength) and market factors (price momentum, distance to the 52-week high, volatility). Both subtotals are shown separately in the detail view.
What is the revenue of Xpro India Limited (XPROINDIA)?
Xpro India Limited reported trailing-twelve-month revenue of about ₹5.1B (latest available figure, as of Aug 8, 2026).
What is the net profit margin of XPROINDIA?
The net profit margin of Xpro India Limited is about 3.8%, meaning it keeps roughly 3.8% of revenue as net income. Based on the latest reported figures.
Does Xpro India Limited pay a dividend?
Xpro India Limited currently shows a dividend yield of about 0.14% relative to its recent price (as of Aug 8, 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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