EN DE

Xpro India Limited (XPROINDIA) Fair Value & Analysis

Basic Materials · IN · Market cap ₹26.7B

XI Xpro India Limited XPROINDIA · BSE
Price₹1,172
Fair Value₹139.32
Upside-88.1%
Quality25/100
Watch Xpro India Limited for free, get notified when fair value or trend changes. Watch for free

Risks

!Trades 741% ABOVE our fair value of ₹139.32
!Expensive Growth (revenue 5y +6.3 %/yr)
!Thin margins · 6.1% net margin
!Low debt · negative free cash flow
Expensive Growth (revenue 5y +6.3 %/yr)
Thin margins · 6.1% net margin
Low debt · negative free cash flow
Narrow moat 36/100
Evidence: High Range ₹104.49 – ₹152.86 Share as image

Fair value as of: Aug 25, 2026

From 15 valuation models · updated today

Share price −15.6% over the past month.

Below-average quality, and trading another 741% above our fair value.

What runs behind every stock

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

Track Xpro India Limited and get told automatically when its fair value or trend turns, plus fair value for all 35,000+ stocks. 14 days of Pro free, no card.

What matters now

  • The price sits above even our optimistic bull case (₹152.86). The favourable scenario is already priced in.
  • Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹1,633 ₹63.66 Fair Value ₹139.32 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range ₹63.66 – ₹1,633 · fair‑value band ₹104.49 – ₹152.86 · the ₹1,172 price screens above the ₹139.32 fair value. Dashed = 300-day average. As of Aug 25, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Xpro India Limited (XPROINDIA) currently trades at ₹1,172, while our model-based Fair Value estimate is ₹139.32, implying the stock looks roughly 88.1% overvalued today. The Quality Score stands at 25/100 (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 ₹5.4B at a net margin of 6.1%. Revenue grew 20.4% year over year. It earns a return on equity of 2.8%. Net debt stands at ₹1.9B. Fundamentals as of Aug 25, 2026

Our scenario range runs from ₹104.49 (bear case) to ₹152.86 (bull case); at ₹1,172, 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 25% below its 52-week high and 49% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -60% 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹27.44 to ₹221.08). Read the values as a conservative anchor, not as a price target.
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 ₹230.92 ₹221.08 ₹180.28 76
ROIC Compounder ₹66.34 ₹87.94 ₹106.84 72
Gordon GGM ₹18.04 ₹34.53 ₹58.06 70
All 15 models by family
Earnings-Based
Graham-Dodd ₹55.73 ₹141.03 ₹183.27 54
PEG = 1.0 ₹26.10 ₹37.29 ₹48.47 46
EPV ₹66.34 ₹87.94 ₹106.84 59
Dividend Discount
Gordon GGM ₹18.04 ₹34.53 ₹58.06 70
DDM Multi-Stage ₹18.04 ₹27.44 ₹37.60 61
Multiples
P/E Multiple ₹104.49 ₹139.32 ₹174.15 63
P/S Multiple ₹104.49 ₹139.32 ₹174.15 58
P/B Multiple ₹104.49 ₹139.32 ₹174.15 55
EV/EBIT ₹95.50 ₹148.42 ₹201.34 53
EV/EBITDA ₹88.45 ₹139.01 ₹189.58 54
EV/Revenue ₹74.33 ₹133.30 ₹192.26 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 ₹66.34 ₹87.94 ₹106.84 72
Growth Earnings
Growth-Adj P/E ₹82.31 ₹117.58 ₹152.86 68

Widest divergence: Asset-Based (₹216.87) versus Dividend Discount (₹27.44). Highest evidence: Residual Income (76).

Notify me when XPROINDIA reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 83.1
P/S ratio 4.99 TTM
Net margin 6.1% TTM
Return on equity 2.8% TTM
Return on assets 2.0% TTM
Operating margin 5.7% TTM
More key figures
Profitability
EPS (TTM) ₹14.11
Growth
Revenue (TTM) ₹5.4B TTM
Revenue growth (YoY) +20.4% 3y avg -0.1%
EPS growth (YoY) +93.0%
Balance sheet & cash flow
Free cash flow −₹1.2B FY2026
Net debt ₹1.9B FY2026

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 25/100

Of which business quality 30 · Market factors (momentum, volatility) 57

Profitability 24
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 16
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 14
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Xpro India Limited manufactures and sells polymers primarily in India. The company offers bi-axially oriented polypropylene films for use in the packing of adhesive tapes, bakery products, biscuits, cigarette overwraps, confectionery, metalizing, potato chips, print lamination products, processed foods, salted snacks, supermarket products, and others.

Full company description

Xpro India Limited manufactures and sells polymers primarily in India. The company offers bi-axially oriented polypropylene films for use in the packing of adhesive tapes, bakery products, biscuits, cigarette overwraps, confectionery, metalizing, potato chips, print lamination products, processed foods, salted snacks, supermarket products, and others. It provides specialty coextruded cast films, including stretch wrap films for use in pallet stretch wrap and food bundle overwraps; soft blister films for medical disposals packaging; release films for use in rubber, tire and tread, and conveyor belting industries; cast polypropylene films for applications in packaging and lamination, and stationery products; and hygiene films for use as diaper backing films, in sanitary napkins, in surgical drapes. 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 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. Additionally, the company offers thermoformed liners for use in refrigerator inner and door liners; automotive interior and exterior trims; furniture; luggage shells; sanitary products; electrical/electronic housings; and industrial trays for material handling and others. It exports its products. 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 ₹5.0B in FY2026 versus ₹4.6B in FY2022, a compound +2.2%/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)
₹5.0B
Latest YoY
−5.5%
Avg. revenue 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.
−0.1%
Avg. revenue 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.
+6.3%
Avg. revenue growth/yr (7Y) 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.
+5.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+11.7% (11.7 + 0.0)
Revenue +2.2%/yr
FY22 ₹4.6B
FY23 ₹5.0B
FY24 ₹4.6B
FY25 ₹5.3B
FY26 ₹5.0B
Net income −19.1%/yr
FY22 ₹449M
FY23 ₹454M
FY24 ₹439M
FY25 ₹380M
FY26 ₹192M

XPROINDIA screens 88% overvalued. Compare with Linde plc →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

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

Peer Group

Specialty Chemicals · 683 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 24 · Bottom 25%
Fair Value upside −88% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Below median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 6% · Below median
Revenue growth 20% · Top 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 83.1× · Pricier than 75% of peers
P/B 3.52× · Pricier than 75% of peers
P/S (TTM) 4.99× · Pricier than 75% of peers
EV/EBITDA 64.0× · Pricier than 75% of peers

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

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
Linde plc LIN $487.57 $222.03 -54%
The Sherwin-Williams Company SHW $360.20 $143.38 -60%
Ecolab Inc ECL $278.43 $96.18 -65%
Air Products and Chemicals, Inc APD $304.07 $122.14 -60%
Givaudan SA GIVN CHF 3,162 CHF 1,498 -53%
Wanhua Chemical Group 600309 ¥75.06 ¥68.03 -9%
500820 500820 ₹2,757 ₹557.43 -80%
Novozymes A/S NSISB kr 456.40 kr 169.99 -63%
Asian Paints Limited ASIANPAINT ₹2,630 ₹696.23 -74%
PPG Industries, Inc PPG $112.81 $71.31 -37%

Compare Xpro India Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Basic Materials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Discover undervalued stocks

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Fama-French 3-Factor Model Calculator Run the Fama-French 3-factor model in seconds: expected return from the market, size and value factors - free, with formula, betas and an example. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Xpro India Limited (XPROINDIA) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of ₹139.32 versus a price of ₹1,172, about −88% (overvalued).
What is the fair value of XPROINDIA?
Our model-based fair value for Xpro India Limited is ₹139.32 (as of Aug 25, 2026), built from audited fundamentals. The current price: ₹1,172.
What is the quality score of XPROINDIA?
Xpro India Limited has a Quality Score of 25/100. 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 Xpro India Limited (XPROINDIA)?
Xpro India Limited reported trailing-twelve-month revenue of about ₹5.4B (latest available figure, as of Aug 25, 2026).
What is the net profit margin of XPROINDIA?
The net profit margin of Xpro India Limited is about 6.1%, meaning it keeps roughly 6.1% of revenue as net income. Based on the latest reported figures.

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.

14 days Pro free · no card

Track Xpro India Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.