CCL Products (India) Limited

NSEI:CCL Stock Report

Market Cap: ₹97.7b

CCL Products (India) Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 (₹726.6) is trading above our estimate of fair value (₹500.24)

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 Ratio35.4x
Earnings₹2.74b
Market Cap₹97.68b

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 Average68x
BECTORFOOD Mrs. Bectors Food Specialities
69.3x23.8%₹100.1b
530305 Piccadily Agro Industries
70.8xn/a₹90.2b
541974 Manorama Industries
107.3x35.0%₹63.7b
BALRAMCHIN Balrampur Chini Mills
24.4x15.6%₹106.4b
CCL CCL Products (India)
35.4x19.6%₹97.7b

Price-To-Earnings vs Peers: CCL is good value based on its Price-To-Earnings Ratio (35.4x) compared to the peer average (68x).

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
ZUARIIND Zuari Industries
1.3xn/aUS$116.05m
SARVESHWAR Sarveshwar Foods
3.1xn/aUS$100.35m
539594 Mishtann Foods
2.1xn/aUS$91.50m
507315 Sakthi Sugars
4.5xn/aUS$44.00m
CCL 35.4xIndustry Avg. 25.0xNo. of Companies26PE020406080100+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCL is expensive based on its Price-To-Earnings Ratio (35.4x) 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 Ratio35.4x
Fair PE Ratio37.7x

Price-To-Earnings vs Fair Ratio: CCL is good value based on its Price-To-Earnings Ratio (35.4x) compared to the estimated Fair Price-To-Earnings Ratio (37.7x).

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₹726.60
₹807.67
+11.2%
10.6%₹1,000.00₹720.00n/a9
Dec ’25₹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₹630.00₹729.308
Dec ’24₹657.50
₹713.78
+8.6%
10.9%₹864.00₹630.00₹791.459
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

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/03 11:33
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CCL Products (India) Limited is covered by 17 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Amol RaoAnand Rathi Shares and Stock Brokers Limited
null nullAntique Stockbroking Ltd.
null nullAsian Markets Securities Private Limited