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Last Updated: March 24, 2026, 4:47 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531327 | NSE: CHARMS

Charms Industries Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2.32Overvalued by 66.28%vs CMP ₹6.88

P/E (15.0) × ROE (158.0%) × BV (₹0.12) × DY (2.00%)

Defaults: P/E=15

₹1.58Overvalued by 77.03%vs CMP ₹6.88
MoS: -335.4% (Negative)Confidence: 50/100 (Moderate)Models: All 2: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2.2469%Over (-67.4%)
Revenue MultipleRevenue₹0.1131%Over (-98.4%)
Consensus (2 models)₹1.58100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -3.6% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

57
Charms Industries Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 30.3% ExcellentROE 158.0% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
Promoter holding at 24.4% Stable
Earnings Quality50/100 · Moderate
OPM contracting (-233% → -268%) DecliningWorking capital: -730 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -100% YoY DecliningOPM: 0.0% (up 133.3% YoY) Margin expansion
Industry Rank75/100 · Strong
ROCE 30.3% vs industry 21.7% Above peersROE 158.0% vs industry 14.2% Above peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Charms Industries Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
0/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 98.5 | ROCE 30.3% | ROE 158.0% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 2.32x | Borrow/Reserve N/A
Cash Flow Reliability
100/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹0 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom 0.00 pp
Business Momentum
0
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP 0.0% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-77.0%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-6Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change0.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: March 24, 2026, 4:47 am

Market Cap 2.83 Cr.
Current Price 6.88
Intrinsic Value₹1.58
High / Low 7.15/4.63
Stock P/E
Book Value 0.12
Dividend Yield0.00 %
ROCE30.3 %
ROE158 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Charms Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modern Shares & Stockbrokers Ltd 8.02 Cr. 27.4 53.0/24.738.2 44.40.00 %3.32 %1.74 % 10.0
Monarch Networth Capital Ltd 2,109 Cr. 266 399/23513.2 1110.38 %33.3 %26.2 % 10.0
Monotype India Ltd 28.1 Cr. 0.40 0.84/0.374.49 0.030.00 %286 %% 1.00
Multipurpose Trading & Agencies Ltd 3.98 Cr. 8.05 11.5/7.58 9.250.00 %3.68 %3.38 % 10.0
Munoth Financial Services Ltd 9.17 Cr. 17.8 69.9/17.8 19.90.00 %2.41 %3.38 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of Charms Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.030.040.130.140.090.000.000.030.000.000.000.00
Expenses 0.040.070.070.090.170.100.030.040.070.040.030.040.04
Operating Profit -0.04-0.04-0.030.04-0.03-0.01-0.03-0.04-0.04-0.04-0.03-0.04-0.04
OPM % -133.33%-75.00%30.77%-21.43%-11.11%-133.33%
Other Income 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax -0.04-0.04-0.030.04-0.03-0.01-0.03-0.04-0.04-0.04-0.03-0.04-0.04
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit -0.04-0.04-0.030.04-0.03-0.01-0.03-0.04-0.04-0.04-0.03-0.04-0.04
EPS in Rs -0.10-0.10-0.070.10-0.07-0.02-0.07-0.10-0.10-0.10-0.07-0.10-0.10

Last Updated: March 3, 2026, 11:28 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 2:20 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2.361.592.273.044.075.625.150.050.000.030.390.030.00
Expenses 2.911.602.363.154.125.675.250.330.130.170.530.180.15
Operating Profit -0.55-0.01-0.09-0.11-0.05-0.05-0.10-0.28-0.13-0.14-0.14-0.15-0.15
OPM % -23.31%-0.63%-3.96%-3.62%-1.23%-0.89%-1.94%-560.00%-466.67%-35.90%-500.00%
Other Income 0.620.05-0.26-0.630.000.000.010.010.060.000.010.000.00
Interest 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation 0.020.020.020.000.010.000.000.000.000.000.000.000.00
Profit before tax 0.050.02-0.37-0.74-0.06-0.05-0.09-0.27-0.07-0.14-0.13-0.15-0.15
Tax % 40.00%0.00%0.00%0.00%0.00%0.00%0.00%3.70%0.00%0.00%0.00%0.00%
Net Profit 0.030.03-0.37-0.74-0.06-0.05-0.10-0.28-0.07-0.14-0.13-0.15-0.15
EPS in Rs 0.070.07-0.90-1.80-0.15-0.12-0.24-0.68-0.17-0.34-0.32-0.37-0.37
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)0.00%-1333.33%-100.00%91.89%16.67%-100.00%-180.00%75.00%-100.00%7.14%-15.38%
Change in YoY Net Profit Growth (%)0.00%-1333.33%1233.33%191.89%-75.23%-116.67%-80.00%255.00%-175.00%107.14%-22.53%

Charms Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-33%
5 Years:-64%
3 Years:%
TTM:-92%
Compounded Profit Growth
10 Years:%
5 Years:-13%
3 Years:%
TTM:-400%
Stock Price CAGR
10 Years:14%
5 Years:%
3 Years:34%
1 Year:-13%
Return on Equity
10 Years:-15%
5 Years:-42%
3 Years:-60%
Last Year:-158%

Last Updated: September 5, 2025, 2:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:37 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4.114.114.114.114.114.114.114.114.114.114.114.114.11
Reserves -2.02-1.99-2.36-3.10-3.16-3.22-3.31-3.60-3.67-3.81-3.94-4.09-4.16
Borrowings 0.020.020.000.000.000.000.040.000.050.200.400.400.40
Other Liabilities 0.170.030.050.090.110.020.050.100.070.120.110.190.19
Total Liabilities 2.282.171.801.101.060.910.890.610.560.620.680.610.54
Fixed Assets 0.740.720.710.410.390.390.390.390.380.380.380.380.05
CWIP 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Investments 0.540.470.460.080.080.220.000.000.000.000.000.000.38
Other Assets 1.000.980.630.610.590.300.500.220.180.240.300.230.11
Total Assets 2.282.171.801.101.060.910.890.610.560.620.680.610.54

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.050.140.14-0.04-0.21-0.03-0.05-0.12-0.13-0.17-0.06-0.04
Cash from Investing Activity + 0.080.060.000.050.00-0.140.240.160.000.000.000.00
Cash from Financing Activity + 0.000.000.000.000.000.000.04-0.040.050.150.080.00
Net Cash Flow 0.030.210.150.01-0.21-0.170.220.00-0.08-0.010.02-0.04
Free Cash Flow -0.050.140.14-0.04-0.21-0.03-0.05-0.12-0.13-0.17-0.06-0.04
CFO/OP 9%-1,400%-156%36%420%60%50%43%100%121%43%27%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.57-0.03-0.09-0.11-0.05-0.05-0.14-0.28-0.18-0.34-0.54-0.55

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 34.0316.071.610.000.000.000.000.000.0018.720.00
Inventory Days 4.7415.004.871.210.000.000.000.001,216.670.000.00
Days Payable 7.9010.008.1110.910.00
Cash Conversion Cycle 30.8721.07-1.64-9.700.000.000.000.001,216.6718.720.00
Working Capital Days 98.98121.674.82-4.809.865.854.25-657.00-121.6728.08-730.00
ROCE %2.39%0.94%-5.66%-7.97%-6.12%-5.43%-10.40%-40.00%-14.00%-28.28%-24.30%-30.30%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 24.37%24.37%24.37%24.37%24.37%24.37%24.37%24.37%24.37%24.37%24.37%24.37%
Public 75.64%75.64%75.64%75.64%75.64%75.64%75.63%75.63%75.63%75.62%75.63%75.63%
No. of Shareholders 3,3123,3213,3073,3593,4943,4953,4583,4063,3973,3783,3683,362

Shareholding Pattern Chart

No. of Shareholders

Charms Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -0.36-0.32-0.35-0.17-0.69
Diluted EPS (Rs.) -0.36-0.32-0.35-0.17-0.69
Cash EPS (Rs.) -0.35-0.31-0.34-0.16-0.67
Book Value[Excl.RevalReserv]/Share (Rs.) 0.040.400.721.071.24
Book Value[Incl.RevalReserv]/Share (Rs.) 0.040.400.721.071.24
Revenue From Operations / Share (Rs.) 0.070.940.060.000.09
PBDIT / Share (Rs.) -0.35-0.31-0.34-0.16-0.66
PBIT / Share (Rs.) -0.35-0.32-0.34-0.17-0.67
PBT / Share (Rs.) -0.35-0.32-0.34-0.17-0.67
Net Profit / Share (Rs.) -0.35-0.32-0.34-0.17-0.68
PBDIT Margin (%) -451.80-33.32-548.230.00-725.30
PBIT Margin (%) -454.22-34.16-559.370.00-735.30
PBT Margin (%) -454.22-34.16-559.370.00-735.30
Net Profit Margin (%) -455.83-33.98-559.810.00-752.40
Return on Networth / Equity (%) -792.21-80.34-48.03-15.92-55.32
Return on Capital Employeed (%) -611.34-78.44-47.11-15.72-53.49
Return On Assets (%) -23.96-19.48-23.22-12.49-45.97
Total Debt / Equity (X) 21.792.440.680.110.00
Asset Turnover Ratio (%) 0.040.600.040.000.04
Current Ratio (X) 0.390.590.751.552.32
Quick Ratio (X) 0.390.590.431.552.32
Inventory Turnover Ratio (X) 0.007.790.000.000.00
Enterprise Value (Cr.) 2.901.951.591.830.52
EV / Net Operating Revenue (X) 90.234.9962.220.0013.75
EV / EBITDA (X) -19.97-14.99-11.35-27.63-1.90
MarketCap / Net Operating Revenue (X) 81.234.3659.580.0019.82
Price / BV (X) 144.3210.325.124.391.46
Price / Net Operating Revenue (X) 81.414.3759.680.0019.89
EarningsYield -0.05-0.07-0.09-0.03-0.37

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Charms Industries Ltd. is a Public Limited Listed company incorporated on 24/04/1992 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L72900GJ1992PLC017494 and registration number is 017494. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 0.03 Cr. and Equity Capital is Rs. 4.11 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & Investments108-B/109 Sampada Building, Mithakhali Six Roads, Ahmedabad Gujarat 380009Contact not found
Management
NamePosition Held
Mr. Harshad Shantilal GandhiChairman & Ind.Director
Mr. Shivkumar Raghunandan ChauhanManaging Director
Mr. Nishit Madhavbhai RupaparaIndependent Director
Mrs. Nehal Shivkumar ChauhanNon Executive Director
Mr. Parth Shivakumar ChauhanExecutive Director

FAQ

What is the intrinsic value of Charms Industries Ltd and is it undervalued?

As of 04 April 2026, Charms Industries Ltd's intrinsic value is ₹1.58, which is 77.03% lower than the current market price of ₹6.88, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (158 %), book value (₹0.12), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Charms Industries Ltd?

Charms Industries Ltd is trading at ₹6.88 as of 04 April 2026, with a FY2026-2027 high of ₹7.15 and low of ₹4.63. The stock is currently near its 52-week high. Market cap stands at ₹2.83 Cr..

How does Charms Industries Ltd's P/E ratio compare to its industry?

Charms Industries Ltd has a P/E ratio of , which is below the industry average of 98.51. This is broadly in line with or below the industry average.

Is Charms Industries Ltd financially healthy?

Key indicators for Charms Industries Ltd: ROCE of 30.3 % indicates efficient capital utilization; ROE of 158 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Charms Industries Ltd profitable and how is the profit trend?

Charms Industries Ltd reported a net profit of ₹0 Cr in Mar 2025 on revenue of ₹0 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows a mixed trend.

Does Charms Industries Ltd pay dividends?

Charms Industries Ltd has a dividend yield of 0.00 % at the current price of ₹6.88. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Charms Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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