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Duncan Engineering Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹307.36Overvalued by 16.70%vs CMP ₹369.00

P/E (28.1) × ROE (8.3%) × BV (₹164.00) × DY (0.81%)

₹199.14Overvalued by 46.03%vs CMP ₹369.00
MoS: -85.3% (Negative)Confidence: 70/100 (High)Models: All 9: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹293.1822%Over (-20.5%)
Graham NumberEarnings₹221.7816%Over (-39.9%)
Earnings PowerEarnings₹146.4213%Over (-60.3%)
DCFCash Flow₹119.1513%Over (-67.7%)
Net Asset ValueAssets₹163.657%Over (-55.7%)
EV/EBITDAEnterprise₹195.689%Over (-47%)
Earnings YieldEarnings₹133.307%Over (-63.9%)
ROCE CapitalReturns₹187.007%Over (-49.3%)
Revenue MultipleRevenue₹228.165%Over (-38.2%)
Consensus (9 models)₹199.14100%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

Analyst Summary

Duncan Engineering Ltd operates in the Auto Ancl - Others segment, NSE: DUNCANENG | BSE: 504908, current market price is ₹369.00, market cap is 137 Cr.. At a glance, stock P/E is 28.1, ROE is 8.27 %, ROCE is 11.0 %, book value is 164, dividend yield is 0.81 %. The latest intrinsic value estimate is ₹199.14, around 46.0% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹85 Cr versus the prior period change of 30.1%, while latest net profit is about ₹5 Cr with a prior-period change of -24.2%. The 52-week range shown on this page is 565/352, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisDuncan 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) i…

This summary is generated from the stock page data available for Duncan Engineering Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

50
Duncan Engineering Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health70/100 · Strong
ROCE 11.0% AverageROE 8.3% 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 Rank40/100 · Moderate
P/E 28.1 vs industry 38.1 In-lineROCE 11.0% vs industry 16.8% AverageROE 8.3% vs industry 20.6% 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.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:21 am

Market Cap 137 Cr.
Current Price 369
Intrinsic Value₹199.14
High / Low 565/352
Stock P/E28.1
Book Value 164
Dividend Yield0.81 %
ROCE11.0 %
ROE8.27 %
Face Value 10.0
PEG Ratio-6.09

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 137 Cr. 369 565/35228.1 1640.81 %11.0 %8.27 % 10.0
Shivam Autotech Ltd 221 Cr. 16.8 35.8/13.0 3.090.00 %0.47 %% 2.00
PPAP Automotive Ltd 346 Cr. 245 295/176183 2421.02 %3.53 %0.60 % 10.0
Omax Autos Ltd 463 Cr. 216 266/83.612.0 1621.16 %17.2 %11.6 % 10.0
Automotive Stampings & Assemblies Ltd 771 Cr. 486 656/37426.8 22.80.00 %25.4 %128 % 10.0
Industry Average5,759.30 Cr643.6138.06169.630.65%16.77%20.62%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: June 2, 2026, 4:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 3.703.703.703.703.703.703.703.703.703.703.703.70
Reserves 25.4418.5212.6612.7815.4918.6726.6932.9742.7149.2253.1557.06
Borrowings 18.3818.5914.629.306.730.700.251.191.480.883.054.79
Other Liabilities 17.3013.269.549.928.919.5811.4413.2215.2814.6915.6415.83
Total Liabilities 64.8254.0740.5235.7034.8332.6542.0851.0863.1768.4975.5481.38
Fixed Assets 27.1523.9220.8419.4316.4915.7515.5615.8316.6716.5518.7317.17
CWIP 0.220.060.17-0.000.05-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Investments 0.010.010.03-0.00-0.00-0.001.008.9523.1923.0226.9028.25
Other Assets 37.4430.0819.4816.2718.2916.9025.5226.3023.3128.9229.9135.96
Total Assets 64.8254.0740.5235.7034.8332.6542.0851.0863.1768.4975.5481.38

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 0.431.614.336.874.797.376.179.2513.792.776.62-0.62
Cash from Investing Activity + -1.86-1.511.84-0.210.49-2.90-5.03-8.77-15.13-0.73-4.29-0.81
Cash from Financing Activity + -0.240.05-6.15-6.88-3.27-6.44-0.650.270.13-1.08-1.990.14
Net Cash Flow -1.670.150.02-0.222.00-1.970.490.75-1.210.950.33-1.29
Free Cash Flow -1.570.315.506.615.276.795.338.0711.741.533.82-1.92
CFO/OP -14%-49%-155%205%87%125%137%101%99%53%114%12%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.91-21.48-21.88-17.41-5.95-1.155.164.268.0611.658.004.24

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. 80.67 Cr. and Equity Capital is Rs. 3.70 Cr. for the Year ended 31/03/2026.
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 14 June 2026, Duncan Engineering Ltd's intrinsic value is ₹199.14, which is 46.03% lower than the current market price of ₹369.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.27 %), book value (₹164), dividend yield (0.81 %), 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 ₹369.00 as of 14 June 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 ₹137 Cr..

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

Duncan Engineering Ltd has a P/E ratio of 28.1, which is below the industry average of 38.06. This is broadly in line with or below the industry average.

Is Duncan Engineering Ltd financially healthy?

Key indicators for Duncan Engineering Ltd: ROCE of 11.0 % is moderate. Dividend yield is 0.81 %.

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 0.81 % at the current price of ₹369.00. The company pays dividends, though the yield is modest.

Last Updated: June 12, 2026, 8:21 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 504908 | NSE: DUNCANENG
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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