D & H India (BOM:517514) Cyclically Adjusted PS Ratio: 0.91 (As of Sep. 03, 2026) — 65% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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BOM:517514 D & H India Ltd BOM:517514
77 GF Score
Price ₹161.20
GF Value ₹185.48
Valuation Modestly Undervalued
! 1 Warning Sign
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What is D & H India Cyclically Adjusted PS Ratio?

D & H India BOM:517514 -2.42% 77 Cyclically Adjusted PS Ratio is 0.91 as of Sep. 03, 2026, which is 65% above its 10-year median of 0.55. GuruFocus rates BOM:517514 with a GF Score™ of 77/100 and a GF Value™ of ₹185.48 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 2,283 Industrial Products companies, D & H India ranks better than 67.37% on this metric.

As of today (2026-09-03), D & H India's current share price is ₹161.20. D & H India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₹176.54. D & H India's Cyclically Adjusted PS Ratio for today is 0.91.

The historical rank and industry rank for D & H India's Cyclically Adjusted PS Ratio or its related term are showing as below:

BOM:517514' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.1   Med: 0.55   Max: 1.76
Current: 0.94

During the past years, D & H India's highest Cyclically Adjusted PS Ratio was 1.76. The lowest was 0.10. And the median was 0.55.

BOM:517514's Cyclically Adjusted PS Ratio is ranked better than
67.37% of 2283 companies
in the Industrial Products industry
Industry Median: 1.82 vs BOM:517514: 0.94

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.

D & H India's adjusted revenue per share data for the three months ended in Jun. 2026 was ₹64.526. 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 ₹176.54 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


D & H India  (BOM:517514) 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.


D & H India Cyclically Adjusted PS Ratio Related Terms


D & H India Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for D & H India'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.

D & H India Cyclically Adjusted PS Ratio Chart

D & H India 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 0.21 0.40 0.64 1.26 1.73

D & H India 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 1.38 0.98 0.92 1.73 1.50

BOM:517514 vs SNA, RBC, LECO: Cyclically Adjusted PS Ratio Comparison

For the Tools & Accessories subindustry, D & H India'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.


D & H India Cyclically Adjusted PS Ratio vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, D & H India's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where D & H India's Cyclically Adjusted PS Ratio falls into.


BOM:517514
77GF Score
D & H India Ltd BOM:517514
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

D & H India 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.

D & H India's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=161.20/176.54
=0.91

* 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.

D & H India's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, D & H India'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)
=64.526/167.3573*167.3573
=64.526

Current CPI (Jun. 2026) = 167.3573.

D & H India Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 19.107 105.961 30.178
201612 21.070 105.196 33.520
201703 18.773 105.196 29.866
201706 17.727 107.109 27.698
201709 20.660 109.021 31.715
201712 22.520 109.404 34.449
201803 25.917 109.786 39.508
201806 22.748 111.317 34.200
201809 24.476 115.142 35.576
201812 26.614 115.142 38.683
201903 25.911 118.202 36.686
201906 22.331 120.880 30.917
201909 25.500 123.175 34.647
201912 25.826 126.235 34.239
202003 25.599 124.705 34.354
202006 10.010 127.000 13.191
202009 18.848 130.118 24.242
202012 24.954 130.889 31.907
202103 30.917 131.771 39.267
202106 20.902 134.084 26.089
202109 25.329 135.847 31.204
202112 29.765 138.161 36.055
202203 38.813 138.822 46.791
202206 40.712 142.347 47.865
202209 37.412 144.661 43.282
202212 45.156 145.763 51.846
202303 44.927 146.865 51.196
202306 39.404 150.280 43.882
202309 40.729 151.492 44.994
202312 49.874 152.924 54.581
202403 44.658 153.035 48.838
202406 53.849 155.789 57.848
202409 74.022 157.882 78.464
202412 57.523 158.323 60.805
202503 72.138 157.552 76.628
202506 64.319 159.755 67.380
202509 71.168 162.289 73.390
202512 62.478 163.281 64.038
202603 79.343 164.272 80.833
202606 64.526 167.357 64.526

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 0.91 mean?
D & H India (BOM:517514) has a Cyclically Adjusted PS Ratio of 0.91 as of Sep. 03, 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 D & H India and its competitors. This is 65% above median its historical median of 0.55. Over the past decade, D & H India's Cyclically Adjusted PS Ratio has ranged from 0.10 to 1.76. According to the industry distribution chart, D & H India ranks #745 out of 2283 companies in the Industrial Products industry, placing it in the top 32.6%.
Is D & H India's Cyclically Adjusted PS Ratio too high?
D & H India's current Cyclically Adjusted PS Ratio of 0.91 is 65% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 1.76. The Industrial Products industry median Cyclically Adjusted PS Ratio is 1.82. D & H India's value of 0.91 is 50% below this industry median. Based on the distribution chart, D & H India ranks #745 out of 2283 companies in the Industrial Products industry, which is above the industry midpoint. Overall, D & H India has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does D & H India's Cyclically Adjusted PS Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, D & H India ranks #745 out of 2283 companies for Cyclically Adjusted PS Ratio. This puts D & H India in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.82. D & H India's value of 0.91 is 50% below this benchmark. Historically, D & H India's own Cyclically Adjusted PS Ratio has ranged from 0.10 to 1.76 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 1.82, D & H India has consistently been below 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 an Industrial Products company?
The median Cyclically Adjusted PS Ratio among Industrial Products companies is 1.82, based on 2,283 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. D & H India's current Cyclically Adjusted PS Ratio of 0.91 is 50% below 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 D & H India and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PS Ratio is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D & H India's current Cyclically Adjusted PS Ratio is 0.91, which is 65% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D & H India stock overvalued right now?
Based on GuruFocus' analysis, D & H India (BOM:517514) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹185.48, compared to a current price of ₹161.20 — trading 13.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.91, which is 65% above median its 10-year median of 0.55 and 50% below the Industrial Products industry median of 1.82. D & H India's overall GF Score™ is 77/100 with 1 warning sign 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 D & H India (BOM:517514), the current Cyclically Adjusted PS Ratio is 0.91 as of Sep. 03, 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 D & H India (BOM:517514) Overvalued in 2026?

Based on GuruFocus' analysis, D & H India stock appears to be undervalued. The current stock price of ₹161.20 is trading 13.1% below its estimated GF Value™ of ₹185.48. GuruFocus considers D & H India to be Modestly Undervalued.

Key valuation signals for BOM:517514:

  • Cyclically Adjusted PS Ratio: 0.91 (65% above median its 10-year median of 0.55)
  • GF Value™: ₹185.48 vs. price of ₹161.20 (13.1% below fair value)
  • GF Score™: 77/100 with 1 warning sign
  • Industry Position: 50% below the Industrial Products median (#745 of 2283)

No single metric tells the full story. See the BOM:517514 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


D & H India Business Description

Address Sanwer Road, Plot A, Sector A, Industrial Area, Indore, MP, IND, 452 015
D & H India Ltd is engaged in the manufacturing and dealing of welding electrodes. The company is engaged in dealing in Welding Electrodes & Consumables, CO2 Wire, SAW Wire, M Core Wire, Flux Powder, Flux Cored Wire, Stainless Steel Wire & other similar activities. The company has manufacturing plants in India and sales in India. The segment of the company consists of manufacturing and sale of the Welding Consumable and Metallurgical Cored Wire, which is mainly used in infrastructure projects, thermal power plants, steel, metal, cement, and others. It generates the majority of its revenue from the Welding Consumables segment.
77GF Score

Get the complete analysis for BOM:517514

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

₹161.20
Price
₹185.48
GF Value