Nilachal Refractories (BOM:502294) Cyclically Adjusted PS Ratio: (As of Aug. 30, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BOM:502294 Nilachal Refractories Ltd BOM:502294
47 GF Score
Price ₹39.50
GF Value ₹57.92
Valuation Possible Value Trap
! 5 Warning Signs
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What is Nilachal Refractories Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Nilachal Refractories  (BOM:502294) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Nilachal Refractories Cyclically Adjusted PS Ratio Related Terms


Nilachal Refractories Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nilachal Refractories's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nilachal Refractories Cyclically Adjusted PS Ratio Chart

Nilachal Refractories Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.96 14.20 61.83 41.41 48.53

Nilachal Refractories Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 40.93 36.02 48.53 0.00

BOM:502294 vs CRH, VMC, MLM: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Nilachal Refractories's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nilachal Refractories Cyclically Adjusted PS Ratio vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Nilachal Refractories's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nilachal Refractories's Cyclically Adjusted PS Ratio falls into.


BOM:502294
47GF Score
Nilachal Refractories Ltd BOM:502294
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Nilachal Refractories Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Nilachal Refractories's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Nilachal Refractories's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0/167.3573*167.3573
=0.000

Current CPI (Jun. 2026) = 167.3573.

Nilachal Refractories Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.444 105.961 0.701
201612 0.185 105.196 0.294
201703 0.183 105.196 0.291
201706 0.250 107.109 0.391
201709 0.147 109.021 0.226
201712 0.106 109.404 0.162
201803 0.378 109.786 0.576
201806 0.169 111.317 0.254
201809 0.235 115.142 0.342
201812 0.264 115.142 0.384
201903 0.250 118.202 0.354
201906 0.179 120.880 0.248
201909 0.138 123.175 0.187
201912 0.220 126.235 0.292
202003 0.200 124.705 0.268
202006 0.141 127.000 0.186
202009 0.075 130.118 0.096
202012 0.556 130.889 0.711
202103 0.092 131.771 0.117
202106 0.157 134.084 0.196
202109 0.394 135.847 0.485
202112 0.044 138.161 0.053
202203 0.391 138.822 0.471
202206 0.103 142.347 0.121
202209 0.204 144.661 0.236
202212 0.084 145.763 0.096
202303 0.130 146.865 0.148
202306 0.201 150.280 0.224
202309 0.128 151.492 0.141
202312 0.093 152.924 0.102
202403 0.206 153.035 0.225
202406 0.078 155.789 0.084
202409 0.067 157.882 0.071
202412 0.143 158.323 0.151
202503 0.177 157.552 0.188
202506 0.000 159.755 0.000
202509 0.223 162.289 0.230
202512 0.220 163.281 0.225
202603 0.243 164.272 0.248
202606 0.000 167.357 0.000

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Nilachal Refractories (BOM:502294) Overvalued in 2026?

Based on GuruFocus' analysis, Nilachal Refractories stock appears to be undervalued. The current stock price of ₹39.50 is trading 31.8% below its estimated GF Value™ of ₹57.92. GuruFocus considers Nilachal Refractories to be Possible Value Trap.

Key valuation signals for BOM:502294:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: ₹57.92 vs. price of ₹39.50 (31.8% below fair value)
  • GF Score™: 47/100 with 5 warning signs

No single metric tells the full story. See the BOM:502294 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nilachal Refractories Business Description

Address Lewis Road, Plot No. 598/599, Kedarnath Apartment, Mahabir Nagar, Bhubaneswar, OR, IND, 751002
Nilachal Refractories Ltd is an Indian company which is engaged in manufacturing of refractory motors, refractory bricks, refractory ceramic products and other. The product range of the company includes fireclay and high alumina refractories for blast furnaces, coke ovens steel teeming ladles, reheating furnaces, continuous casting units and refractories for non-ferrous industries, spall resistant bricks for severe thermal shock areas. It also manufactures alumina-based abrasion resistant bricks as well as thermal spalling resistant bricks for critical applications in ferrous and non-ferrous industries, high alumina abrasion resistant refractories and slide plate accessories.
47GF Score

Get the complete analysis for BOM:502294

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹39.50
Price
₹57.92
GF Value