CCL Products (India) (NSE:CCL) Cyclically Adjusted PS Ratio: 6.92 (As of Jul. 26, 2026) — 42% 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.

NSE:CCL CCL Products (India) Ltd NSE:CCL
92 GF Score
Price ₹1,183.60
GF Value ₹1,185.45
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is CCL Products (India) Cyclically Adjusted PS Ratio?

CCL Products (India) NSE:CCL -0.14% 92 Cyclically Adjusted PS Ratio is 6.92 as of Jul. 26, 2026, which is 42% above its 10-year median of 4.87. GuruFocus rates NSE:CCL with a GF Score™ of 92/100 and a GF Value™ of ₹1,185.45 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,450 Consumer Packaged Goods companies, CCL Products (India) ranks worse than 95.31% on this metric.

As of today (2026-07-26), CCL Products (India)'s current share price is ₹1183.60. CCL Products (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₹171.16. CCL Products (India)'s Cyclically Adjusted PS Ratio for today is 6.92.

The historical rank and industry rank for CCL Products (India)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

NSE:CCL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.54   Med: 4.87   Max: 7.1
Current: 6.93

During the past years, CCL Products (India)'s highest Cyclically Adjusted PS Ratio was 7.10. The lowest was 2.54. And the median was 4.87.

NSE:CCL's Cyclically Adjusted PS Ratio is ranked worse than
95.31% of 1450 companies
in the Consumer Packaged Goods industry
Industry Median: 0.75 vs NSE:CCL: 6.93

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.

CCL Products (India)'s adjusted revenue per share data for the three months ended in Mar. 2026 was ₹91.840. 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 ₹171.16 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CCL Products (India)  (NSE:CCL) 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.


CCL Products (India) Cyclically Adjusted PS Ratio Related Terms


CCL Products (India) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for CCL Products (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.

CCL Products (India) Cyclically Adjusted PS Ratio Chart

CCL Products (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 4.14 5.15 4.66 3.91 6.08

CCL Products (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.91 5.69 5.37 5.76 6.08

NSE:CCL vs KHC, GIS: Cyclically Adjusted PS Ratio Comparison

For the Packaged Foods subindustry, CCL Products (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.


CCL Products (India) Cyclically Adjusted PS Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, CCL Products (India)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where CCL Products (India)'s Cyclically Adjusted PS Ratio falls into.


NSE:CCL
92GF Score
CCL Products (India) Ltd NSE:CCL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CCL Products (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.

CCL Products (India)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=1183.60/171.16
=6.92

* 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.

CCL Products (India)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, CCL Products (India)'s adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=91.84/164.2724*164.2724
=91.840

Current CPI (Mar. 2026) = 164.2724.

CCL Products (India) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 18.840 105.961 29.208
201609 17.117 105.961 26.537
201612 21.749 105.196 33.963
201703 22.477 105.196 35.100
201706 18.529 107.109 28.418
201709 22.253 109.021 33.531
201712 20.605 109.404 30.939
201803 24.111 109.786 36.077
201806 22.161 111.317 32.704
201809 21.877 115.142 31.212
201812 17.587 115.142 25.091
201903 19.734 118.202 27.425
201906 20.565 120.880 27.947
201909 22.434 123.175 29.919
201912 22.738 126.235 29.589
202003 19.900 124.705 26.214
202006 21.718 127.000 28.092
202009 24.230 130.118 30.590
202012 22.259 130.889 27.936
202103 25.193 131.771 31.407
202106 24.546 134.084 30.072
202109 25.311 135.847 30.607
202112 31.837 138.161 37.854
202203 28.282 138.822 33.467
202206 38.239 142.347 44.129
202209 38.044 144.661 43.202
202212 40.224 145.763 45.332
202303 39.102 146.865 43.737
202306 49.192 150.280 53.772
202309 45.623 151.492 49.472
202312 49.874 152.924 53.575
202403 54.503 153.035 58.505
202406 57.994 155.789 61.152
202409 55.300 157.882 57.538
202412 56.901 158.323 59.039
202503 62.687 157.552 65.361
202506 79.265 159.755 81.506
202509 84.457 162.289 85.489
202512 78.791 163.281 79.269
202603 91.840 164.272 91.840

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 6.92 mean?
CCL Products (India) (NSE:CCL) has a Cyclically Adjusted PS Ratio of 6.92 as of Jul. 26, 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 CCL Products (India) and its competitors. This is 42% above median its historical median of 4.87. Over the past decade, CCL Products (India)'s Cyclically Adjusted PS Ratio has ranged from 2.54 to 7.10. According to the industry distribution chart, CCL Products (India) ranks #1382 out of 1450 companies in the Consumer Packaged Goods industry, placing it in the top 95.3%.
Is CCL Products (India)'s Cyclically Adjusted PS Ratio too high?
CCL Products (India)'s current Cyclically Adjusted PS Ratio of 6.92 is 42% above median its 10-year median of 4.87. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 7.10. The Consumer Packaged Goods industry median Cyclically Adjusted PS Ratio is 0.75. CCL Products (India)'s value of 6.92 is 822.7% above this industry median. Based on the distribution chart, CCL Products (India) ranks #1382 out of 1450 companies in the Consumer Packaged Goods industry, which is in the bottom quartile relative to peers. Overall, CCL Products (India) has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CCL Products (India)'s Cyclically Adjusted PS Ratio compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, CCL Products (India) ranks #1382 out of 1450 companies for Cyclically Adjusted PS Ratio. This places CCL Products (India) in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.75. CCL Products (India)'s value of 6.92 is 822.7% above this benchmark. Historically, CCL Products (India)'s own Cyclically Adjusted PS Ratio has ranged from 2.54 to 7.10 over the past decade. While the company's 10-year median is 4.87 vs. the industry median of 0.75, CCL Products (India) 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 Consumer Packaged Goods company?
The median Cyclically Adjusted PS Ratio among Consumer Packaged Goods companies is 0.75, based on 1,450 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. CCL Products (India)'s current Cyclically Adjusted PS Ratio of 6.92 is 822.7% 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 CCL Products (India) and its competitors. For the Consumer Packaged Goods industry, the median Cyclically Adjusted PS Ratio is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CCL Products (India)'s current Cyclically Adjusted PS Ratio is 6.92, which is 42% above median its own 10-year median of 4.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CCL Products (India) stock overvalued right now?
Based on GuruFocus' analysis, CCL Products (India) (NSE:CCL) is currently considered Fairly Valued. The stock's GF Value™ is ₹1,185.45, compared to a current price of ₹1,183.60 — trading 0.2% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.92, which is 42% above median its 10-year median of 4.87 and 822.7% above the Consumer Packaged Goods industry median of 0.75. CCL Products (India)'s overall GF Score™ is 92/100 with 6 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 CCL Products (India) (NSE:CCL), the current Cyclically Adjusted PS Ratio is 6.92 as of Jul. 26, 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 CCL Products (India) (NSE:CCL) Overvalued in 2026?

Based on GuruFocus' analysis, CCL Products (India) stock appears to be undervalued. The current stock price of ₹1,183.60 is trading 0.2% below its estimated GF Value™ of ₹1,185.45. GuruFocus considers CCL Products (India) to be Fairly Valued.

Key valuation signals for NSE:CCL:

  • Cyclically Adjusted PS Ratio: 6.92 (42% above median its 10-year median of 4.87)
  • GF Value™: ₹1,185.45 vs. price of ₹1,183.60 (0.2% below fair value)
  • GF Score™: 92/100 with 6 warning signs
  • Industry Position: 822.7% above the Consumer Packaged Goods median (#1382 of 1450)

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


CCL Products (India) Business Description

Other Exchanges 519600:India
Address Ameerpet Road, 7-1-24-2/D, Greendale, Hyderabad, TG, IND, 500016
CCL Products (India) Ltd manufactures and markets a variety of processed coffee internationally. Its product offerings under various brands include spray-dried coffee powder, spray-dried coffee granules, freeze-dried coffee, freeze-concentrated liquid coffee, roasted and ground coffee, roasted coffee beans, and premix coffee. The company sells its products in India, and also in international markets like Singapore, Switzerland, and Vietnam through its subsidiaries.
92GF Score

Get the complete analysis for NSE:CCL

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

₹1,183.60
Price
₹1,185.45
GF Value