RDB Rasayans does not have a single, universally accepted “fair value”, but based on current public numbers you can frame an approximate valuation range.

Key current data (as of 27 March 2026 close): (screener.in)

- Price: ~₹165

- Market cap: ~₹293 crore

- TTM EPS: ~₹19.9 per share (TTM)

- Book value: ~₹131 per share

- P/E: ~8.3x

- P/B: ~1.3x

- ROE (last year): ~13%

- Company is effectively debt‑free; profits include high “other income” (~₹25 crore on TTM basis, a large part of total earnings). (screener.in)

1) Relative P/E–based fair value (illustrative)

Comparable listed Indian packaging names (like Uflex, Cosmo First) have tended to trade in low double‑digit P/E ranges (roughly 11–15x in recent data). (blinkx.in)

Given:

- RDB Rasayans is a small-cap with concentrated business and a big “other income” component (less robust than core operating profit), a discount to such peers is reasonable.

Illustrative approach (not a recommendation):

- Use a conservative fair P/E band: 10–12x TTM EPS

- TTM EPS ≈ ₹19.9

Then:

- At 10x: Fair value ≈ 10 × 19.9 ≈ ₹200

- At 12x: Fair value ≈ 12 × 19.9 ≈ ₹240

So, on a simple relative P/E basis, a mechanical fair value band might be around ₹200–₹240, versus the recent market price of ~₹165 (i.e., roughly 20–45% higher than current, on these assumptions).

2) P/B and return profile cross‑check

- Book value ≈ ₹131 per share; at ₹165, P/B ≈ 1.3x. (screener.in)

- ROE is ~13% with modest growth and high other income.

For such a business:

- A P/B in the 1.5–1.8x range is often considered reasonable if ROE is sustainable and growth visibility is decent.

- That implies a rough level of ₹195–₹235 (1.5–1.8 × ₹131) as another cross‑check band.

This is broadly consistent with the P/E‑based band above.

How to interpret this

- The ₹200–₹240 zone is an illustrative “fair value” band derived from simple relative‑valuation (P/E and P/B) using current reported numbers and sector benchmarks; it is not a formal CNI target price or investment advice.

- Actual fair value depends on:

- How much of the current earnings you treat as core vs other income.

- Your assumptions on future growth, margins and capital allocation.

- Liquidity and small‑cap risk premium you require.

You can track updated price and ratios here (for your own analysis):

- Screener company page for RDB Rasayans (fundamentals, price, financials) (screener.in)

- Economic Times / Capital Market / BSE for results and corporate announcements (economictimes.indiatimes.com)

If you have any further queries, please connect with us on 022-6290-10141 (Timings : 09.00 AM to 05.00 PM) or you can email us on info@cniinfoxchange.com