Mandeep Auto Industries (NSE:MANDEEP) Graham Number: ₹24.98 (As of Mar. 2026) — 3803% 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:MANDEEP Mandeep Auto Industries Ltd NSE:MANDEEP
37 GF Score
Price ₹19.15
! 7 Warning Signs
View Full Analysis

What is Mandeep Auto Industries Graham Number?

Mandeep Auto Industries NSE:MANDEEP -4.01% 37 Graham Number is ₹24.98 as of Mar. 2026, which is 100% below its 10-year median of 0.64. GuruFocus rates NSE:MANDEEP with a GF Score™ of 37/100. The stock has 7 warning signs investors should review. Among 983 Vehicles & Parts companies, Mandeep Auto Industries ranks better than 66.73% 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 (2026-08-02), the stock price of Mandeep Auto Industries is ₹19.15. Mandeep Auto Industries's graham number for the quarter that ended in Mar. 2026 was ₹24.98. Therefore, Mandeep Auto Industries's Price to Graham Number ratio for today is 0.77.

The historical rank and industry rank for Mandeep Auto Industries's Graham Number or its related term are showing as below:

NSE:MANDEEP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.55   Med: 0.64   Max: 0.83
Current: 0.77

During the past 6 years, the highest Price to Graham Number ratio of Mandeep Auto Industries was 0.83. The lowest was 0.55. And the median was 0.64.

NSE:MANDEEP's Price-to-Graham-Number is ranked better than
66.73% of 983 companies
in the Vehicles & Parts industry
Industry Median: 1.16 vs NSE:MANDEEP: 0.77

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


Mandeep Auto Industries  (NSE:MANDEEP) 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.

Mandeep Auto Industries's Price to Graham number Ratio for today is calculated as

Price to Graham number=Share Price (Today)/Graham number (Q: Mar. 2026 )
=19.15/24.98
=0.77

* 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.


Mandeep Auto Industries Graham Number Related Terms


Mandeep Auto Industries Graham Number Historical Data

* Premium members only.

The historical data trend for Mandeep Auto Industries'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.

Mandeep Auto Industries Graham Number Chart

Mandeep Auto Industries Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Graham Number
Get a 7-Day Free Trial 7.51 10.01 20.06 32.67 23.97

Mandeep Auto Industries Semi-Annual Data
Mar21 Mar22 Mar23 Mar24 Sep24 Mar25 Sep25 Mar26
Graham Number Get a 7-Day Free Trial 0.00 0.00 0.00 47.23 24.98

NSE:MANDEEP vs ORLY, AZO: Graham Number Comparison

For the Auto Parts subindustry, Mandeep Auto Industries'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.


Mandeep Auto Industries Price-to-Graham-Number vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mandeep Auto Industries's Price-to-Graham-Number distribution charts can be found below:

* The bar in red indicates where Mandeep Auto Industries's Price-to-Graham-Number falls into.


NSE:MANDEEP
37GF Score
Mandeep Auto Industries Ltd NSE:MANDEEP
Graham Number is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mandeep Auto Industries Graham Number Calculation

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

Mandeep Auto Industries'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*29.084*0.878)
=23.97

Mandeep Auto Industries'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*28.956*0.958)
=24.98

* 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 ₹24.98 mean?
Mandeep Auto Industries (NSE:MANDEEP) has a Graham Number of ₹24.98 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Mandeep Auto Industries and its competitors. This is 3803% above median its historical median of 0.64. Over the past decade, Mandeep Auto Industries' Graham Number has ranged from 0.55 to 0.83. According to the industry distribution chart, Mandeep Auto Industries ranks #327 out of 983 companies in the Vehicles & Parts industry, placing it in the top 33.3%.
Is Mandeep Auto Industries' Graham Number too high?
Mandeep Auto Industries' current Graham Number of ₹24.98 is 3803% above median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.55 to a high of 0.83. Based on the distribution chart, Mandeep Auto Industries ranks #327 out of 983 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Mandeep Auto Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Mandeep Auto Industries' Graham Number compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Mandeep Auto Industries ranks #327 out of 983 companies for Graham Number. This puts Mandeep Auto Industries in the upper half of its industry. The industry median Graham Number is 1.16. Historically, Mandeep Auto Industries' own Graham Number has ranged from 0.55 to 0.83 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 Vehicles & Parts company?
The median Graham Number among Vehicles & Parts companies is 1.16, based on 983 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 Mandeep Auto Industries and its competitors. For the Vehicles & Parts industry, the median Graham Number is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mandeep Auto Industries's current Graham Number is ₹24.98, which is 3803% above median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mandeep Auto Industries stock overvalued right now?
Mandeep Auto Industries (NSE:MANDEEP) has a current Graham Number of ₹24.98. The current Graham Number is ₹24.98, which is 3803% above median its 10-year median of 0.64. Mandeep Auto Industries' overall GF Score™ is 37/100 with 7 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 Mandeep Auto Industries (NSE:MANDEEP), the current Graham Number is ₹24.98 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.

Mandeep Auto Industries Business Description

Address 30 Feet Road, Sector 53, Plot No. 26, Nangla Gujran, Sarurpur Industrial Area, Faridabad, HR, IND, 121001
Mandeep Auto Industries Ltd is engaged in the manufacturing, assembly, trading, import, export, distribution, franchising, and marketing of a wide range of automobile components and accessories. Its product portfolio comprises gears, transmissions, universal joints, springs, leaves, head lamps, sealed beams, induction hardened pins, axles, alloy springs, accessories, and fittings of all kinds. Additionally, the company also operates as a garage operator and showroom owner for motor vehicles, and acts as a supplier and dealer of petrol, electricity, and other forms of motive power. It also provides support and consulting services within the automotive sector. The company operates in a single business segment, the business of trading in automobile parts.
37GF Score

Get the complete analysis for NSE:MANDEEP

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

₹19.15
Price