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Last Updated: April 2, 2026, 3:57 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 590013 | NSE: XPROINDIA

XPRO India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹2,917.12Undervalued by 180.76%vs CMP ₹1,039.00

P/E (190.0) × ROE (6.6%) × BV (₹292.00) × DY (0.19%)

₹693.13Overvalued by 33.29%vs CMP ₹1,039.00
MoS: -49.9% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,148.4726%Under (+106.8%)
Graham NumberEarnings₹190.0919%Over (-81.7%)
Earnings PowerEarnings₹18.2112%Over (-98.2%)
Net Asset ValueAssets₹291.938%Over (-71.9%)
EV/EBITDAEnterprise₹76.2810%Over (-92.7%)
Earnings YieldEarnings₹55.008%Over (-94.7%)
ROCE CapitalReturns₹566.1610%Over (-45.5%)
Revenue MultipleRevenue₹113.576%Over (-89.1%)
Consensus (8 models)₹693.13100%Overvalued
Key Drivers: EPS CAGR -26.3% drags value — could be higher if earnings stabilize. | P/E of 190 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -26.3%

*Investments are subject to market risks

Investment Snapshot

45
XPRO India Ltd scores 45/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health49/100 · Moderate
ROCE 7.9% WeakROE 6.6% AverageD/E 1.21 High debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.62% (6mo) Slight increasePromoter holding at 40.3% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 5% YoY FlatProfit (4Q): -71% YoY Declining
Industry Rank25/100 · Weak
P/E 190.0 vs industry 39.6 Premium to peersROCE 7.9% vs industry 12.8% AverageROE 6.6% vs industry 24.7% Below peers3Y sales CAGR: 4% Slow

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.

XPRO India Ltd Investor Signals

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

Value Trap Score
50/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 190.0 vs Ind 39.6 | ROCE 7.9% | ROE 6.6% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.21x | IntCov 0.0x | Current 1.07x | Borrow/Reserve 0.48x
Cash Flow Reliability
14/100
Weak
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹38 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.19 pp | DII -0.27 pp | Prom 0.00 pp
Business Momentum
+49
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -11.3% | Q NP +37.4% | Q OPM +3.9 pp
Derived FieldValueHow it is derived
Valuation Gap %-33.3%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.48xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.19 ppLatest FII% minus previous FII%
DII Change-0.27 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change-266Latest shareholder count minus previous count
Quarterly Sales Change-11.3%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+37.4%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+3.9 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:57 am

Market Cap 2,438 Cr.
Current Price 1,039
Intrinsic Value₹693.13
High / Low 1,332/785
Stock P/E190
Book Value 292
Dividend Yield0.19 %
ROCE7.93 %
ROE6.56 %
Face Value 10.0
PEG Ratio-7.21

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

View Share Price Target for XPRO India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
XPRO India Ltd 2,438 Cr. 1,039 1,332/785190 2920.19 %7.93 %6.56 % 10.0
Polyplex Corporation Ltd 2,485 Cr. 792 1,398/74082.1 1,2871.71 %7.16 %5.72 % 10.0
Uflex Ltd 2,666 Cr. 369 686/33011.2 1,0700.81 %7.75 %3.29 % 10.0
Jindal Poly Films Ltd 3,221 Cr. 736 1,026/360 9320.80 %5.36 %2.15 % 10.0
Cosmo First Ltd 1,638 Cr. 624 1,307/52611.2 5870.64 %9.77 %9.26 % 10.0
Industry Average1,921.04 Cr295.8439.62189.000.36%12.76%24.70%7.38

All Competitor Stocks of XPRO India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 93.06124.27130.89109.9796.14128.41138.53133.98104.55158.21144.90119.91106.31
Expenses 80.03105.01111.6195.1080.95111.63122.49120.5893.99148.23147.42112.5895.69
Operating Profit 13.0319.2619.2814.8715.1916.7816.0413.4010.569.98-2.527.3310.62
OPM % 14.00%15.50%14.73%13.52%15.80%13.07%11.58%10.00%10.10%6.31%-1.74%6.11%9.99%
Other Income 1.540.641.092.873.083.146.494.574.993.083.444.074.10
Interest 1.581.921.761.281.180.780.941.402.091.491.691.721.95
Depreciation 2.892.742.952.922.652.622.612.852.792.772.982.982.97
Profit before tax 10.1015.2415.6613.5414.4416.5218.9813.7210.678.80-3.756.709.80
Tax % 35.94%71.92%27.91%30.06%26.04%24.76%26.19%27.55%29.99%25.23%46.13%25.82%30.41%
Net Profit 6.474.2711.299.4810.6812.4314.029.947.476.57-5.484.976.83
EPS in Rs 3.652.346.204.595.175.646.364.513.362.95-2.462.122.89

Last Updated: March 3, 2026, 1:44 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 243259275318307345354370469509463533529
Expenses 240256262292286318324330405434397482504
Operating Profit 331426212730406474665125
OPM % 1%1%5%8%7%8%8%11%14%15%14%10%5%
Other Income 65242781224101815
Interest 1213222521201917138567
Depreciation 11141817161312121212111112
Profit before tax -15-19-25-121120134159605222
Tax % -31%-26%41%1%0%2%2%38%-11%23%27%27%
Net Profit -10-14-35-12102084545443813
EPS in Rs -5.94-7.93-20.07-7.035.931.310.234.7225.3824.9119.9117.045.50
Dividend Payout % 0%0%0%0%0%0%0%0%5%8%10%12%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-40.00%-150.00%65.71%183.33%-80.00%-100.00%462.50%0.00%-2.22%-13.64%
Change in YoY Net Profit Growth (%)0.00%-110.00%215.71%117.62%-263.33%-20.00%562.50%-462.50%-2.22%-11.41%

XPRO India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:8%
5 Years:9%
3 Years:4%
TTM:15%
Compounded Profit Growth
10 Years:17%
5 Years:138%
3 Years:-5%
TTM:-62%
Stock Price CAGR
10 Years:46%
5 Years:140%
3 Years:17%
1 Year:2%
Return on Equity
10 Years:7%
5 Years:13%
3 Years:11%
Last Year:7%

Last Updated: September 5, 2025, 1:56 pm

Balance Sheet

Last Updated: December 10, 2025, 3:40 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 12121212121212121218222223
Reserves 121105705768707078160215538588662
Borrowings 187178181215190172168135903939269317
Other Liabilities 789296708064668373687811398
Total Liabilities 3973863593543493173163083353406779931,100
Fixed Assets 104250251226202188188179168160151179177
CWIP 16610014000322345427
Investments 0000000055500
Other Assets 127135107128147125128129161173500468495
Total Assets 3973863593543493173163083353406779931,100

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4-314243429384849834413
Cash from Investing Activity + -5818-4-2287-6-2-10-58-320-113
Cash from Financing Activity + 24-16-10-20-63-38-27-51-21-43278203
Net Cash Flow -300-01-0-25-517-191102
Free Cash Flow 4-314217323324643476-274
CFO/OP 122%-99%96%83%172%112%131%120%77%110%80%52%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-184.00-175.00-167.00-189.00-169.00-145.00-138.00-95.00-26.0035.0027.00-218.00

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 475749665960546552374353
Inventory Days 575857526352595751495357
Days Payable 7591788293778110065535768
Cash Conversion Cycle 302428363036332238333942
Working Capital Days -23-53-71-34-16-3-14221122830
ROCE %-1%-2%-0%5%4%8%8%13%22%25%15%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 51.37%51.37%45.26%45.26%42.46%42.46%42.46%42.24%42.42%42.42%40.32%40.32%
FIIs 0.04%0.08%11.99%12.04%14.97%15.04%14.92%14.31%14.01%13.76%14.44%14.63%
DIIs 0.70%0.77%0.67%0.52%3.09%3.10%2.90%2.99%2.99%3.01%3.40%3.13%
Government 0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.04%0.03%0.03%0.03%0.03%
Public 47.84%47.73%42.05%42.13%39.45%39.34%39.69%40.41%40.52%40.76%41.80%41.89%
No. of Shareholders 29,89628,92228,76929,17928,18627,79727,13728,25528,27628,58028,45528,189

Shareholding Pattern Chart

No. of Shareholders

XPRO India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
WhiteOak Capital Flexi Cap Fund 88,181 0.11 7.96N/AN/AN/A
Bank of India Small Cap Fund 52,282 0.25 4.7238,3732026-03-21 07:16:0636.25%
WhiteOak Capital Mid Cap Fund 37,874 0.07 3.42N/AN/AN/A
Bank of India Mid Cap Tax Fund Series 2 3,259 0.95 0.291,5502026-03-21 07:16:06110.26%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 17.1721.8125.5738.037.07
Diluted EPS (Rs.) 17.0121.7724.3537.577.07
Cash EPS (Rs.) 21.9824.9731.2348.2517.57
Book Value[Excl.RevalReserv]/Share (Rs.) 273.66254.38128.24145.6276.09
Book Value[Incl.RevalReserv]/Share (Rs.) 273.66254.38128.24145.6276.09
Revenue From Operations / Share (Rs.) 240.03211.22280.56399.31316.04
PBDIT / Share (Rs.) 31.0035.5542.9855.5836.56
PBIT / Share (Rs.) 26.0630.4936.6645.3726.07
PBT / Share (Rs.) 23.4027.3032.5234.3611.41
Net Profit / Share (Rs.) 17.0419.9124.9138.037.07
NP After MI And SOA / Share (Rs.) 17.0419.9124.9138.037.07
PBDIT Margin (%) 12.9116.8215.3213.9111.56
PBIT Margin (%) 10.8514.4313.0611.368.24
PBT Margin (%) 9.7412.9211.598.603.61
Net Profit Margin (%) 7.099.428.879.522.23
NP After MI And SOA Margin (%) 7.099.428.879.522.23
Return on Networth / Equity (%) 6.227.8219.4226.119.29
Return on Capital Employeed (%) 6.7411.1926.1722.3315.91
Return On Assets (%) 3.826.4713.3313.412.71
Long Term Debt / Equity (X) 0.320.030.040.371.08
Total Debt / Equity (X) 0.380.060.150.501.21
Asset Turnover Ratio (%) 0.640.911.511.471.20
Current Ratio (X) 3.365.561.551.531.07
Quick Ratio (X) 2.904.960.991.050.70
Inventory Turnover Ratio (X) 10.116.817.467.576.33
Dividend Payout Ratio (NP) (%) 11.599.425.200.000.00
Dividend Payout Ratio (CP) (%) 8.997.514.150.000.00
Earning Retention Ratio (%) 88.4190.5894.800.000.00
Cash Earning Retention Ratio (%) 91.0192.4995.850.000.00
Interest Coverage Ratio (X) 11.6615.6510.395.052.49
Interest Coverage Ratio (Post Tax) (X) 7.4110.177.024.451.48
Enterprise Value (Cr.) 2575.632147.951263.801783.86190.68
EV / Net Operating Revenue (X) 4.814.622.473.780.51
EV / EBITDA (X) 37.2627.4216.1427.174.41
MarketCap / Net Operating Revenue (X) 4.865.232.463.650.23
Retention Ratios (%) 88.4090.5794.790.000.00
Price / BV (X) 4.274.345.3910.000.97
Price / Net Operating Revenue (X) 4.865.232.463.650.23
EarningsYield 0.010.010.030.020.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Xpro India Ltd. is a Public Limited Listed company incorporated on 26/11/1997 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L25209WB1997PLC085972 and registration number is 085972. Currently Company is involved in the business activities of Manufacture of semi-finished of plastic products (plastic plates, sheets, blocks, film, foil, strip etc.). Company's Total Operating Revenue is Rs. 535.28 Cr. and Equity Capital is Rs. 22.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Packaging & ContainersBiax Division: Barjora-Mejia Road, Bankura District West Bengal 722202Contact not found
Management
NamePosition Held
Mr. Sidharth BirlaChairman
Mr. C BhaskarManaging Director & CEO
Mrs. Madhushree BirlaDirector
Mr. K BalakrishnanDirector
Mr. Bharat JhaverDirector
Ms. Suhana MurshedDirector
Ms. Nandini KhaitanDirector
Mr. Manoj MohankaDirector
Mr. Utsav ParekhDirector
Mr. Gaurav J ShahDirector

FAQ

What is the intrinsic value of XPRO India Ltd and is it undervalued?

As of 05 April 2026, XPRO India Ltd's intrinsic value is ₹693.13, which is 33.29% lower than the current market price of ₹1,039.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (6.56 %), book value (₹292), dividend yield (0.19 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of XPRO India Ltd?

XPRO India Ltd is trading at ₹1,039.00 as of 05 April 2026, with a FY2026-2027 high of ₹1,332 and low of ₹785. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,438 Cr..

How does XPRO India Ltd's P/E ratio compare to its industry?

XPRO India Ltd has a P/E ratio of 190, which is above the industry average of 39.62. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is XPRO India Ltd financially healthy?

Key indicators for XPRO India Ltd: ROCE of 7.93 % is on the lower side compared to the industry average of 12.76%; ROE of 6.56 % is below ideal levels (industry average: 24.70%). Dividend yield is 0.19 %.

Is XPRO India Ltd profitable and how is the profit trend?

XPRO India Ltd reported a net profit of ₹38 Cr in Mar 2025 on revenue of ₹533 Cr. Compared to ₹45 Cr in Mar 2022, the net profit shows a declining trend.

Does XPRO India Ltd pay dividends?

XPRO India Ltd has a dividend yield of 0.19 % at the current price of ₹1,039.00. 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 XPRO India 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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