Nidhi Granites (BOM:512103) Cyclically Adjusted PS Ratio: 4.70 (As of Aug. 31, 2026) — 45% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:512103 Nidhi Granites Ltd BOM:512103
70 GF Score
Price ₹289.15
GF Value ₹228.46
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Nidhi Granites Cyclically Adjusted PS Ratio?

Nidhi Granites BOM:512103 +4.24% 70 Cyclically Adjusted PS Ratio is 4.70 as of Aug. 31, 2026, which is 45% above its 10-year median of 3.24. GuruFocus rates BOM:512103 with a GF Score™ of 70/100 and a GF Value™ of ₹228.46 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 322 Building Materials companies, Nidhi Granites ranks worse than 91.3% on this metric.

As of today (2026-08-31), Nidhi Granites's current share price is ₹289.15. Nidhi Granites's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹61.48. Nidhi Granites's Cyclically Adjusted PS Ratio for today is 4.70.

The historical rank and industry rank for Nidhi Granites's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:512103' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.76   Med: 3.24   Max: 8.58
Current: 4.7

During the past years, Nidhi Granites's highest Cyclically Adjusted PS Ratio was 8.58. The lowest was 0.76. And the median was 3.24.

BOM:512103's Cyclically Adjusted PS Ratio is ranked worse than
91.3% of 322 companies
in the Building Materials industry
Industry Median: 1.005 vs BOM:512103: 4.70

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Nidhi Granites's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹19.800. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₹61.48 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nidhi Granites  (BOM:512103) 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.


Nidhi Granites Cyclically Adjusted PS Ratio Related Terms


Nidhi Granites Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Nidhi Granites'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.

Nidhi Granites Cyclically Adjusted PS Ratio Chart

Nidhi Granites 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 2.15 0.91 2.58 2.78 3.72

Nidhi Granites 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 3.31 6.74 6.90 3.72 5.90

BOM:512103 vs CRH, MLM, VMC: Cyclically Adjusted PS Ratio Comparison

For the Building Materials subindustry, Nidhi Granites'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.


Nidhi Granites Cyclically Adjusted PS Ratio vs Building Materials Industry

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

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


BOM:512103
70GF Score
Nidhi Granites Ltd BOM:512103
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nidhi Granites 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.

Nidhi Granites's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=289.15/61.48
=4.70

* 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.

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

For example, Nidhi Granites'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)
=19.8/167.3573*167.3573
=19.800

Current CPI (Jun. 2026) = 167.3573.

Nidhi Granites Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.370 105.961 2.164
201612 0.000 105.196 0.000
201703 0.287 105.196 0.457
201706 0.144 107.109 0.225
201709 0.000 109.021 0.000
201712 0.000 109.404 0.000
201803 0.427 109.786 0.651
201806 0.000 111.317 0.000
201809 0.000 115.142 0.000
201812 0.201 115.142 0.292
201903 0.111 118.202 0.157
201906 0.489 120.880 0.677
201909 0.000 123.175 0.000
201912 0.000 126.235 0.000
202003 0.000 124.705 0.000
202006 0.000 127.000 0.000
202009 0.004 130.118 0.005
202012 0.000 130.889 0.000
202103 0.814 131.771 1.034
202106 18.066 134.084 22.549
202109 20.581 135.847 25.355
202112 37.572 138.161 45.512
202203 29.349 138.822 35.382
202206 40.802 142.347 47.971
202209 17.151 144.661 19.842
202212 19.310 145.763 22.171
202303 11.171 146.865 12.730
202306 14.844 150.280 16.531
202309 12.245 151.492 13.527
202312 13.289 152.924 14.543
202403 14.393 153.035 15.740
202406 11.592 155.789 12.453
202409 15.064 157.882 15.968
202412 16.658 158.323 17.609
202503 13.035 157.552 13.846
202506 24.760 159.755 25.938
202509 16.427 162.289 16.940
202512 19.385 163.281 19.869
202603 20.789 164.272 21.179
202606 19.800 167.357 19.800

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.

What does a Cyclically Adjusted PS Ratio of 4.70 mean?
Nidhi Granites (BOM:512103) has a Cyclically Adjusted PS Ratio of 4.70 as of Aug. 31, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nidhi Granites and its competitors. This is 45% above median its historical median of 3.24. Over the past decade, Nidhi Granites' Cyclically Adjusted PS Ratio has ranged from 0.76 to 8.58. According to the industry distribution chart, Nidhi Granites ranks #294 out of 322 companies in the Building Materials industry, placing it in the top 91.3%.
Is Nidhi Granites' Cyclically Adjusted PS Ratio too high?
Nidhi Granites' current Cyclically Adjusted PS Ratio of 4.70 is 45% above median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 0.76 to a high of 8.58. The Building Materials industry median Cyclically Adjusted PS Ratio is 1.01. Nidhi Granites' value of 4.70 is 367.7% above this industry median. Based on the distribution chart, Nidhi Granites ranks #294 out of 322 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Nidhi Granites has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nidhi Granites' Cyclically Adjusted PS Ratio compare to CRH and MLM?
According to the Building Materials industry distribution chart, Nidhi Granites ranks #294 out of 322 companies for Cyclically Adjusted PS Ratio. This places Nidhi Granites in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.01. Nidhi Granites' value of 4.70 is 367.7% above this benchmark. Historically, Nidhi Granites' own Cyclically Adjusted PS Ratio has ranged from 0.76 to 8.58 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 1.01, Nidhi Granites has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Building Materials company?
The median Cyclically Adjusted PS Ratio among Building Materials companies is 1.01, based on 322 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nidhi Granites's current Cyclically Adjusted PS Ratio of 4.70 is 367.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nidhi Granites and its competitors. For the Building Materials industry, the median Cyclically Adjusted PS Ratio is 1.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nidhi Granites's current Cyclically Adjusted PS Ratio is 4.70, which is 45% above median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nidhi Granites stock overvalued right now?
Based on GuruFocus' analysis, Nidhi Granites (BOM:512103) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹228.46, compared to a current price of ₹289.15 — trading 26.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 4.70, which is 45% above median its 10-year median of 3.24 and 367.7% above the Building Materials industry median of 1.01. Nidhi Granites' overall GF Score™ is 70/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Nidhi Granites (BOM:512103), the current Cyclically Adjusted PS Ratio is 4.70 as of Aug. 31, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nidhi Granites (BOM:512103) Overvalued in 2026?

Based on GuruFocus' analysis, Nidhi Granites stock appears to be overvalued. The current stock price of ₹289.15 is trading 26.6% above its estimated GF Value™ of ₹228.46. GuruFocus considers Nidhi Granites to be Modestly Overvalued.

Key valuation signals for BOM:512103:

  • Cyclically Adjusted PS Ratio: 4.70 (45% above median its 10-year median of 3.24)
  • GF Value™: ₹228.46 vs. price of ₹289.15 (26.6% above fair value)
  • GF Score™: 70/100 with 4 warning signs
  • Industry Position: 367.7% above the Building Materials median (#294 of 322)

No single metric tells the full story. See the BOM:512103 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nidhi Granites Business Description

Address 503, Madhu Industrial Park, Mogra Cross Road, Next to Apollo Chambers, Andheri East, Mumbai, MH, IND, 400069
Nidhi Granites Ltd is an India-based company engaged in the business of manufacturing and trading of granite and marble slabs, tiles, sandstone, and limestone products. investment activities. Its segments include Paper and Paperboard, Garments, and Construction materials. The company is also engaged in share trading and investment in shares and mutual funds.
70GF Score

Get the complete analysis for BOM:512103

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

₹289.15
Price
₹228.46
GF Value