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Last Updated: April 2, 2026, 4:30 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504908 | NSE: DUNCANENG

Duncan Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹335.19Fairly Valued by 8.67%vs CMP ₹367.00

P/E (27.6) × ROE (9.5%) × BV (₹158.00) × DY (0.82%)

₹203.93Overvalued by 44.43%vs CMP ₹367.00
MoS: -80% (Negative)Confidence: 68/100 (Moderate)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹319.7322%Over (-12.9%)
Graham NumberEarnings₹217.6916%Over (-40.7%)
Earnings PowerEarnings₹147.8613%Over (-59.7%)
DCFCash Flow₹120.5413%Over (-67.2%)
Net Asset ValueAssets₹157.627%Over (-57.1%)
EV/EBITDAEnterprise₹197.219%Over (-46.3%)
Earnings YieldEarnings₹133.307%Over (-63.7%)
ROCE CapitalReturns₹179.417%Over (-51.1%)
Revenue MultipleRevenue₹228.595%Over (-37.7%)
Consensus (9 models)₹203.93100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -4.6%

*Investments are subject to market risks

Investment Snapshot

54
Duncan Engineering Ltd scores 54/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health76/100 · Strong
ROCE 13.2% GoodROE 9.5% AverageD/E 0.01 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 74.6% Stable
Earnings Quality50/100 · Moderate
OPM contracting (18% → 11%) DecliningWorking capital: 22 days (improving) Efficient
Quarterly Momentum25/100 · Weak
Revenue (4Q): -8% YoY DecliningProfit (4Q): -17% YoY Declining
Industry Rank55/100 · Moderate
P/E 27.6 vs industry 101.1 Cheaper than peersROCE 13.2% vs industry 15.1% AverageROE 9.5% vs industry 122.8% Below peers3Y sales CAGR: 15% Moderate

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.

Duncan Engineering Ltd Investor Signals

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

Value Trap Score
80/100
High
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 27.6 vs Ind 101.1 | ROCE 13.2% | ROE 9.5% | CFO/NP N/A
Balance Sheet Stress
20/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.01x | IntCov 0.0x | Current 1.98x | Borrow/Reserve 0.08x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹5 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII 0.00 pp | Prom 0.00 pp
Business Momentum
-31
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +7.7% | Q NP -27.0% | Q OPM -1.5 pp
Derived FieldValueHow it is derived
Valuation Gap %-44.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.08xLatest 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 Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-137Latest shareholder count minus previous count
Quarterly Sales Change+7.7%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-27.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change-1.5 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:30 am

Market Cap 136 Cr.
Current Price 367
Intrinsic Value₹203.93
High / Low 565/352
Stock P/E27.6
Book Value 158
Dividend Yield0.82 %
ROCE13.2 %
ROE9.53 %
Face Value 10.0
PEG Ratio-5.98

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

View Share Price Target for Duncan Engineering Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Duncan Engineering Ltd 136 Cr. 367 565/35227.6 1580.82 %13.2 %9.53 % 10.0
Shivam Autotech Ltd 203 Cr. 15.4 36.4/13.0 0.130.00 %3.35 %111 % 2.00
Omax Autos Ltd 212 Cr. 99.1 166/77.69.72 1482.52 %9.00 %2.81 % 10.0
PPAP Automotive Ltd 269 Cr. 190 295/1521,582 2021.31 %5.58 %2.37 % 10.0
Automotive Stampings & Assemblies Ltd 646 Cr. 408 656/37431.6 9.940.00 %24.2 %2,332 % 10.0
Industry Average5,187.70 Cr573.81101.13154.700.78%15.11%122.81%5.59

All Competitor Stocks of Duncan Engineering Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 16.6318.4715.6416.0015.0318.4315.7928.4019.9820.5418.0118.2219.62
Expenses 13.8215.5213.0713.8713.4215.9414.8324.9918.8518.7716.3916.4718.03
Operating Profit 2.812.952.572.131.612.490.963.411.131.771.621.751.59
OPM % 16.90%15.97%16.43%13.31%10.71%13.51%6.08%12.01%5.66%8.62%9.00%9.60%8.10%
Other Income 0.440.370.580.490.510.630.590.610.610.790.770.810.57
Interest 0.040.080.030.040.020.010.010.100.120.490.070.080.11
Depreciation 0.390.400.410.420.430.420.460.580.670.680.690.690.68
Profit before tax 2.822.842.712.161.672.691.083.340.951.391.631.791.37
Tax % 15.60%23.24%25.46%25.93%25.15%25.65%26.85%25.75%26.32%9.35%23.93%21.23%24.82%
Net Profit 2.382.182.021.611.252.000.792.470.701.251.241.411.03
EPS in Rs 6.445.905.474.363.385.412.146.681.893.383.353.812.79

Last Updated: February 2, 2026, 5:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:25 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 69.1364.1536.4734.2140.7244.4643.3841.4855.7770.1065.1084.7176.39
Expenses 68.2267.2539.7637.0037.3738.8837.5236.9746.5256.9756.2277.4269.66
Operating Profit 0.91-3.10-3.29-2.793.355.585.864.519.2513.138.887.296.73
OPM % 1.32%-4.83%-9.02%-8.16%8.23%12.55%13.51%10.87%16.59%18.73%13.64%8.61%8.81%
Other Income 4.120.810.490.880.19-0.07-0.750.520.581.432.142.562.94
Interest 2.512.291.962.171.560.740.410.200.170.160.100.720.75
Depreciation 2.513.301.321.791.831.671.391.081.191.471.682.392.74
Profit before tax 0.01-7.88-6.08-5.870.153.103.313.758.4712.939.246.746.18
Tax % -900.00%-23.22%14.14%0.00%0.00%10.32%1.21%-113.07%26.33%23.43%25.54%22.85%
Net Profit 0.10-6.05-6.93-5.880.152.783.267.996.249.906.875.214.93
EPS in Rs 0.27-16.37-18.75-15.910.417.528.8221.6216.8826.7918.5914.1013.33
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%3.74%18.85%21.31%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-6150.00%-14.55%15.15%102.55%1753.33%17.27%145.09%-21.90%58.65%-30.61%-24.16%
Change in YoY Net Profit Growth (%)0.00%6135.45%29.70%87.40%1650.78%-1736.07%127.83%-166.99%80.56%-89.26%6.44%

Duncan Engineering 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:3%
5 Years:14%
3 Years:15%
TTM:33%
Compounded Profit Growth
10 Years:11%
5 Years:1%
3 Years:-6%
TTM:0%
Stock Price CAGR
10 Years:19%
5 Years:35%
3 Years:17%
1 Year:-37%
Return on Equity
10 Years:10%
5 Years:18%
3 Years:15%
Last Year:10%

Last Updated: September 5, 2025, 3:16 pm

Balance Sheet

Last Updated: December 4, 2025, 2:46 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 3.703.703.703.703.703.703.703.703.703.703.703.703.70
Reserves 31.4925.4418.5212.6612.7815.4918.6726.6932.9742.7149.2253.1554.71
Borrowings 16.2718.3818.5914.629.306.730.700.251.191.480.883.054.36
Other Liabilities 11.9517.3013.269.549.928.919.5811.4413.2215.2814.6915.6413.48
Total Liabilities 63.4164.8254.0740.5235.7034.8332.6542.0851.0863.1768.4975.5476.25
Fixed Assets 28.6427.1523.9220.8419.4316.4915.7515.5615.8316.6716.5518.7317.78
CWIP 0.020.220.060.170.000.050.000.000.000.000.000.000.00
Investments 0.150.010.010.030.000.000.001.008.9523.1923.0226.9027.89
Other Assets 34.6037.4430.0819.4816.2718.2916.9025.5226.3023.3128.9229.9130.58
Total Assets 63.4164.8254.0740.5235.7034.8332.6542.0851.0863.1768.4975.5476.25

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0.950.431.614.336.874.797.376.179.2513.792.776.62
Cash from Investing Activity + 4.26-1.86-1.511.84-0.210.49-2.90-5.03-8.77-15.13-0.73-4.29
Cash from Financing Activity + -4.06-0.240.05-6.15-6.88-3.27-6.44-0.650.270.13-1.08-1.99
Net Cash Flow 1.15-1.670.150.02-0.222.00-1.970.490.75-1.210.950.33
Free Cash Flow 5.15-1.570.315.506.615.276.795.338.0711.741.533.82
CFO/OP 104%-14%-49%-155%205%87%125%137%101%99%53%114%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-15.36-21.48-21.88-17.41-5.95-1.155.164.268.0611.658.004.24

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 92.5091.61129.1180.7748.6745.2439.2951.1237.8931.0343.4524.26
Inventory Days 88.82127.71179.91145.66143.67110.18133.40117.60114.68103.75128.30108.04
Days Payable 72.61116.38145.4198.86110.8466.1481.4394.6681.9771.9669.2749.46
Cash Conversion Cycle 108.71102.94163.61127.5681.5089.2891.2774.0770.6162.83102.4882.84
Working Capital Days 29.303.07-24.72-50.15-23.846.6542.0733.9722.8412.7036.7221.54
ROCE %-0.06%-11.36%-9.33%-10.36%5.88%17.72%22.29%14.52%25.26%30.11%18.45%13.18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.56%74.56%74.56%74.56%74.56%74.56%74.56%74.56%74.56%74.56%74.56%74.56%
DIIs 0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%0.06%
Public 25.37%25.39%25.38%25.37%25.39%25.38%25.38%25.38%25.37%25.39%25.37%25.39%
No. of Shareholders 3,3623,4943,7573,9323,9963,7803,6063,9713,9983,8793,8523,715

Shareholding Pattern Chart

No. of Shareholders

Duncan Engineering 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.) 14.1018.6026.8016.9021.61
Diluted EPS (Rs.) 14.1018.6026.8016.9021.61
Cash EPS (Rs.) 20.5623.1530.7820.1124.54
Book Value[Excl.RevalReserv]/Share (Rs.) 153.81143.17125.5799.2182.20
Book Value[Incl.RevalReserv]/Share (Rs.) 153.81143.17125.5799.2182.20
Dividend / Share (Rs.) 3.003.501.000.000.00
Revenue From Operations / Share (Rs.) 229.20176.14189.65150.89112.24
PBDIT / Share (Rs.) 26.6629.8139.4026.6813.61
PBIT / Share (Rs.) 20.2025.2635.4223.4610.68
PBT / Share (Rs.) 18.2624.9934.9822.9310.15
Net Profit / Share (Rs.) 14.1018.6026.8016.9021.61
PBDIT Margin (%) 11.6316.9220.7717.6812.12
PBIT Margin (%) 8.8114.3418.6715.559.51
PBT Margin (%) 7.9614.1818.4415.199.03
Net Profit Margin (%) 6.1510.5514.1211.1919.25
Return on Networth / Equity (%) 9.1612.9921.3317.0326.29
Return on Capital Employeed (%) 12.4817.0427.2122.9112.71
Return On Assets (%) 6.8910.0315.6812.2218.98
Long Term Debt / Equity (X) 0.000.000.000.010.01
Total Debt / Equity (X) 0.010.010.020.010.01
Asset Turnover Ratio (%) 1.180.981.231.201.11
Current Ratio (X) 3.593.783.082.451.98
Quick Ratio (X) 2.692.952.381.741.31
Inventory Turnover Ratio (X) 6.683.123.803.843.13
Dividend Payout Ratio (NP) (%) 24.825.370.000.000.00
Dividend Payout Ratio (CP) (%) 17.024.320.000.000.00
Earning Retention Ratio (%) 75.1894.630.000.000.00
Cash Earning Retention Ratio (%) 82.9895.680.000.000.00
Interest Coverage Ratio (X) 13.72109.5288.6949.9325.47
Interest Coverage Ratio (Post Tax) (X) 8.2669.3361.3132.6241.44
Enterprise Value (Cr.) 128.55150.23125.5877.8436.74
EV / Net Operating Revenue (X) 1.522.311.791.400.88
EV / EBITDA (X) 13.0513.648.627.897.30
MarketCap / Net Operating Revenue (X) 1.612.431.861.501.02
Retention Ratios (%) 75.1794.620.000.000.00
Price / BV (X) 2.402.992.802.291.40
Price / Net Operating Revenue (X) 1.612.431.861.501.02
EarningsYield 0.030.040.070.070.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Duncan Engineering Ltd. is a Public Limited Listed company incorporated on 29/03/1961 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L28991PN1961PLC139151 and registration number is 139151. Currently company belongs to the Industry of Auto Ancl - Others. Company's Total Operating Revenue is Rs. 84.71 Cr. and Equity Capital is Rs. 3.70 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Auto Ancl - OthersF-33, Ranjangaon MIDC, Pune Maharashtra 412220Contact not found
Management
NamePosition Held
Mr. J P GoenkaChairman Emeritus
Mr. Arvind GoenkaChairman & Non-Exe.Director
Mr. Akshat GoenkaManaging Director
Mr. Mahesh KrishnaIndependent Director
Dr. D S GangwarIndependent Director
Mrs. Arti KantIndependent Director
Ms. Sheila SinglaIndependent Director

FAQ

What is the intrinsic value of Duncan Engineering Ltd and is it undervalued?

As of 05 April 2026, Duncan Engineering Ltd's intrinsic value is ₹203.93, which is 44.43% lower than the current market price of ₹367.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (9.53 %), book value (₹158), dividend yield (0.82 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Duncan Engineering Ltd?

Duncan Engineering Ltd is trading at ₹367.00 as of 05 April 2026, with a FY2026-2027 high of ₹565 and low of ₹352. The stock is currently near its 52-week low. Market cap stands at ₹136 Cr..

How does Duncan Engineering Ltd's P/E ratio compare to its industry?

Duncan Engineering Ltd has a P/E ratio of 27.6, which is below the industry average of 101.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Duncan Engineering Ltd financially healthy?

Key indicators for Duncan Engineering Ltd: ROCE of 13.2 % is moderate. Dividend yield is 0.82 %.

Is Duncan Engineering Ltd profitable and how is the profit trend?

Duncan Engineering Ltd reported a net profit of ₹5 Cr in Mar 2025 on revenue of ₹85 Cr. Compared to ₹6 Cr in Mar 2022, the net profit shows a declining trend.

Does Duncan Engineering Ltd pay dividends?

Duncan Engineering Ltd has a dividend yield of 0.82 % at the current price of ₹367.00. The company pays dividends, though the yield is modest.

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 Duncan Engineering 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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