Indong Tea Co (BOM:543769) Graham Number: ₹13.49 (As of Mar. 2026) — 1774% Above Median

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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.
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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:543769 Indong Tea Co Ltd BOM:543769
55 GF Score
Price ₹7.70
GF Value ₹14.13
Valuation Possible Value Trap
! 5 Warning Signs
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What is Indong Tea Co Graham Number?

Indong Tea Co BOM:543769 -4.94% 55 Graham Number is ₹13.49 as of Mar. 2026, which is 100% below its 10-year median of 0.72. GuruFocus rates BOM:543769 with a GF Score™ of 55/100 and a GF Value™ of ₹14.13 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,387 Consumer Packaged Goods companies, Indong Tea Co ranks better than 81.4% on this metric.

Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.

As of today (2026-08-20), the stock price of Indong Tea Co is ₹7.70. Indong Tea Co's graham number for the quarter that ended in Mar. 2026 was ₹13.49. Therefore, Indong Tea Co's Price to Graham Number ratio for today is 0.57.

The historical rank and industry rank for Indong Tea Co's Graham Number or its related term are showing as below:

BOM:543769' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.4   Med: 0.72   Max: 21.01
Current: 0.57

During the past 7 years, the highest Price to Graham Number ratio of Indong Tea Co was 21.01. The lowest was 0.40. And the median was 0.72.

BOM:543769's Price-to-Graham-Number is ranked better than
81.4% of 1387 companies
in the Consumer Packaged Goods industry
Industry Median: 1.13 vs BOM:543769: 0.57

Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.


Indong Tea Co  (BOM:543769) Graham Number Explanation

Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:

Current price should not be more than 15 times average earnings of the past three years.

Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)

Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.

In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.

Indong Tea Co's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=7.70/13.49
=0.57

* 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.


Be Aware

Please keep these in mind:

1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.


Indong Tea Co Graham Number Related Terms


Indong Tea Co Graham Number Historical Data

* Premium members only.

The historical data trend for Indong Tea Co's Graham Number 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.

Indong Tea Co Graham Number Chart

Indong Tea Co Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial 0.00 34.62 0.00 0.84 10.58

Indong Tea Co Semi-Annual Data
Mar20 Mar21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Graham Number Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 12.48 0.00 13.49

BOM:543769 vs ADM, BG, TSN: Graham Number Comparison

For the Farm Products subindustry, Indong Tea Co's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number 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.


Indong Tea Co Price-to-Graham-Number vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Indong Tea Co's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Indong Tea Co's Price-to-Graham-Number falls into.


BOM:543769
55GF Score
Indong Tea Co Ltd BOM:543769
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indong Tea Co Graham Number Calculation

Graham Number is a concept based on Ben Graham's conservative valuation of companies.

Indong Tea Co's Graham Number for the fiscal year that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5* Tangible Book per Share *EPS without NRI)
=sqrt of (22.5*31.116*0.16)
=10.58

Indong Tea Co's Graham Number for the quarter that ended in Mar. 2026 is calculated as

Graham Number
=sqrt of (22.5*Tangible Book per Share*EPS without NRI (TTM))
=sqrt of (22.5*31.116*0.26)
=13.49

* 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.

Frequently Asked Questions Learn more about Graham Number →
What does a Graham Number of ₹13.49 mean?
Indong Tea Co (BOM:543769) has a Graham Number of ₹13.49 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Indong Tea Co and its competitors. This is 1774% above median its historical median of 0.72. Over the past decade, Indong Tea Co's Graham Number has ranged from 0.40 to 21.01. According to the industry distribution chart, Indong Tea Co ranks #258 out of 1387 companies in the Consumer Packaged Goods industry, placing it in the top 18.6%.
Is Indong Tea Co's Graham Number too high?
Indong Tea Co's current Graham Number of ₹13.49 is 1774% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 21.01. Based on the distribution chart, Indong Tea Co ranks #258 out of 1387 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Indong Tea Co has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Indong Tea Co's Graham Number compare to ADM and BG?
According to the Consumer Packaged Goods industry distribution chart, Indong Tea Co ranks #258 out of 1387 companies for Graham Number. This places Indong Tea Co in the top 19% of its industry — outperforming the majority of peers. The industry median Graham Number is 1.13. Historically, Indong Tea Co's own Graham Number has ranged from 0.40 to 21.01 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for a Consumer Packaged Goods company?
The median Graham Number among Consumer Packaged Goods companies is 1.13, based on 1,387 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Indong Tea Co and its competitors. For the Consumer Packaged Goods industry, the median Graham Number is 1.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indong Tea Co's current Graham Number is ₹13.49, which is 1774% above median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indong Tea Co stock overvalued right now?
Based on GuruFocus' analysis, Indong Tea Co (BOM:543769) is currently considered Possible Value Trap. The stock's GF Value™ is ₹14.13, compared to a current price of ₹7.70 — trading 45.5% below its estimated fair value. The current Graham Number is ₹13.49, which is 1774% above median its 10-year median of 0.72. Indong Tea Co's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Indong Tea Co (BOM:543769), the current Graham Number is ₹13.49 as of Mar. 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 Indong Tea Co (BOM:543769) Overvalued in 2026?

Based on GuruFocus' analysis, Indong Tea Co stock appears to be undervalued. The current stock price of ₹7.70 is trading 45.5% below its estimated GF Value™ of ₹14.13. GuruFocus considers Indong Tea Co to be Possible Value Trap.

Key valuation signals for BOM:543769:

  • Graham Number: ₹13.49 (1774% above median its 10-year median of 0.72)
  • GF Value™: ₹14.13 vs. price of ₹7.70 (45.5% below fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the BOM:543769 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indong Tea Co Business Description

Address 4/1, Middleton Street, 5th Floor, Sikkim Commerce House, Kolkata, WB, IND, 700071
Indong Tea Co Ltd is involved in cultivating, manufacturing, and selling tea. The company's main business is the production of tea, which is sold through auction centers and as bulk or private sales. Their product portfolio includes CTC (Crush/Cut, Tear, Curl) Black Tea and a Dairy Unit.
55GF Score

Get the complete analysis for BOM:543769

Graham Number is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹7.70
Price
₹14.13
GF Value