CCL Products (India) Limited

NSEI:CCL Stock Report

Market Cap: ₹105.8b

CCL Products (India) Valuation

Is CCL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CCL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CCL (₹791.45) is trading above our estimate of fair value (₹500.51)

Significantly Below Fair Value: CCL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCL?

Key metric: As CCL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CCL. This is calculated by dividing CCL's market cap by their current earnings.
What is CCL's PE Ratio?
PE Ratio38.6x
Earnings₹2.74b
Market Cap₹105.80b

Price to Earnings Ratio vs Peers

How does CCL's PE Ratio compare to its peers?

The above table shows the PE ratio for CCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average61.7x
BECTORFOOD Mrs. Bectors Food Specialities
78.1x24.0%₹111.4b
LTFOODS LT Foods
22.9x18.4%₹137.9b
541974 Manorama Industries
118.4x35.0%₹70.1b
BALRAMCHIN Balrampur Chini Mills
27.3x15.6%₹118.1b
CCL CCL Products (India)
38.6x19.6%₹105.8b

Price-To-Earnings vs Peers: CCL is good value based on its Price-To-Earnings Ratio (38.6x) compared to the peer average (61.7x).

Price to Earnings Ratio vs Industry

How does CCL's PE Ratio compare vs other companies in the IN Food Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
539594 Mishtann Foods
4.1xn/aUS$179.67m
ZUARIIND Zuari Industries
1.3xn/aUS$115.42m
SARVESHWAR Sarveshwar Foods
3.4xn/aUS$113.20m
507315 Sakthi Sugars
4.8xn/aUS$46.93m
CCL 38.6xIndustry Avg. 25.0xNo. of Companies25PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCL is expensive based on its Price-To-Earnings Ratio (38.6x) compared to the Indian Food industry average (25x).

Price to Earnings Ratio vs Fair Ratio

What is CCL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio38.6x
Fair PE Ratio38x

Price-To-Earnings vs Fair Ratio: CCL is expensive based on its Price-To-Earnings Ratio (38.6x) compared to the estimated Fair Price-To-Earnings Ratio (38x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CCL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹791.45
₹807.67
+2.0%
10.6%₹1,000.00₹720.00n/a9
Nov ’25₹680.45
₹726.00
+6.7%
9.3%₹870.00₹640.00n/a10
Oct ’25₹696.20
₹726.00
+4.3%
9.3%₹870.00₹640.00n/a10
Sep ’25₹720.30
₹718.40
-0.3%
8.9%₹870.00₹640.00n/a10
Aug ’25₹656.85
₹672.80
+2.4%
11.1%₹870.00₹582.00n/a10
Jul ’25₹593.50
₹676.80
+14.0%
12.6%₹910.00₹582.00n/a10
Jun ’25₹572.80
₹663.80
+15.9%
7.9%₹780.00₹582.00n/a10
May ’25₹591.55
₹733.22
+23.9%
9.6%₹843.00₹645.00n/a9
Apr ’25₹588.00
₹733.22
+24.7%
9.6%₹843.00₹645.00n/a9
Mar ’25₹628.15
₹744.25
+18.5%
8.9%₹843.00₹650.00n/a8
Feb ’25₹670.00
₹734.57
+9.6%
10.3%₹864.00₹640.00n/a7
Jan ’25₹633.50
₹721.50
+13.9%
10.9%₹864.00₹630.00n/a8
Dec ’24₹657.50
₹713.78
+8.6%
10.9%₹864.00₹630.00n/a9
Nov ’24₹609.35
₹706.60
+16.0%
13.1%₹848.00₹597.00₹680.4510
Oct ’24₹645.70
₹706.60
+9.4%
13.1%₹848.00₹597.00₹696.2010
Sep ’24₹604.25
₹706.60
+16.9%
13.1%₹848.00₹597.00₹720.3010
Aug ’24₹616.35
₹706.60
+14.6%
13.1%₹848.00₹597.00₹656.8510
Jul ’24₹664.45
₹659.56
-0.7%
7.3%₹759.00₹597.00₹593.509
Jun ’24₹636.35
₹659.56
+3.6%
7.3%₹759.00₹597.00₹572.809
May ’24₹602.25
₹611.11
+1.5%
5.5%₹657.00₹560.00₹591.559
Apr ’24₹567.65
₹589.67
+3.9%
7.5%₹652.00₹511.00₹588.009
Mar ’24₹562.25
₹589.67
+4.9%
7.5%₹652.00₹511.00₹628.159
Feb ’24₹535.55
₹589.67
+10.1%
7.5%₹652.00₹511.00₹670.009
Jan ’24₹529.55
₹579.43
+9.4%
8.8%₹685.00₹511.00₹633.507
Dec ’23₹530.30
₹579.43
+9.3%
8.8%₹685.00₹511.00₹657.507
Nov ’23₹503.15
₹579.43
+15.2%
8.8%₹685.00₹511.00₹609.357

Analyst Forecast: Target price is less than 20% higher than the current share price.

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