Annual reportSep 2026
Sep 2026 · Disclosure Of Events/ Information Under Regulation 30 Of SEBI LODR Regulations, 2015 12 Aug - DOMS Industries AGM scheduled for September 3, 2026; annual report FY2025-26 shared via web-link.
Source: Bse
DOMS Industries Limited (DOMS)
Large CapFMCG stocks · Large cap · NSE
DOMS Industries Limited manufactures and markets a wide range of stationery and art materials. The company focuses on new product launches, expanding distribution, and increasing manufacturing capacity. It also operates in the baby hygiene segment through its Uniclan business.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result03 Aug, 11:20 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · FMCG P/E 37.8 (n=42)
Technical timing lens
Trend score and candlestick chart
23Bearishfull bear SMA stack · SMA20 -4.4% / mo · MACD + · near 52W low · sector -4.5pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 18
Sector 3M: -10.2% vs Nifty 500 -5.6%
FMCG FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
DOMSD candles · FIT view-10.4%Latest close ₹2074.60 on 2026-10-19
Bar
-1.4%
RSI
43
MACD hist
7.16
52W pos
7%
2026-10-19O ₹2104.60H ₹2119.50L ₹2069.90C ₹2074.60Vol 8,027 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
DOMSNifty FMCGNifty 500
- DOMS
- -8.5%
- Nifty 500
- -5.6%
- Nifty FMCG
- -10.5%
- Vs Nifty 500
- -2.9 pp
Chart stats
19 Oct 2026- From 52W high
- -24.7%
- 52W range position
- 7%
- ATR (14)
- 2.0%
- Volume vs 20D
- 0.37x
- Avg traded value
- ₹4.4 Cr
- 20D price channel
- ₹2,020 - ₹2,169.3
₹2,755
₹2,020 - ₹2,755
₹41.8
Latest completed session
20-session average
19.3% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +19.4% · PAT -23.7% YoY
Technical
Bearish23
Price trend and sector-relative-strength timing.
Valuation
Legacy model-28.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence79
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 2/100PAT -24% YoY · margin compression · Rev +19% YoY · +11% QoQ
Filed 03 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹671 Cr | +19.4% | +11.1% |
| EBITDA | ₹83 Cr | -16.2% | -17.8% |
| Operating margin | 12.0% | -600 bps | -500 bps |
| PAT | ₹45 Cr | -23.7% | -22.4% |
| PAT margin | 6.7% | -379 bps | -289 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 58.40
- P/B
- 10.41
- EV/EBITDA
- 26.92
- Market Cap
- 12699.00Cr
Profitability
- ROE
- 20.70%
- ROCE
- 24.30%
- ROA
- 13.28%
- Dividend Y
- 0.17%
Growth (CAGR)
- Revenue 5Y
- 42.00%
- EPS 5Y
- 91.00%
- Revenue 3Y
- 24.00%
- EPS 3Y
- 34.00%
Balance Sheet
- Debt/Equity
- 0.12
- Interest Coverage
- 42.89×
- Altman Z
- 9.39
- Book Value
- 201.00
Cash Flow
- FCF Yield
- 0.83%
- FCF Positive Y
- 4/5
- OCF
- 254.00 Cr
- EPS TTM
- 35.82
Shareholding
- Promoter Hold
- 63.38%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 671+11.1% vs prev
Net Profit
₹ CrLatest: 45.0-22.4% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 43. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~4.6% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
31
RS percentile
Stage 4 Downtrend
1M return
-1.5%
3M return
-8.5%
6M return
-14.2%
1Y return
-18.4%
RS 1D
-3
RS 20D
+12
Sector rank
#15
Industry rank
#26
Stage evidence
- Price is 7.4% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 86.19-0.40%
RS vs Nifty 50086
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth20/25
Quality13/20
Balance Sheet9/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 20/25 to the score.
- Quality contributes 13/20 to the score.
Main drags
- Fair-value margin of safety is negative at -28.7%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Balance sheet is weaker at 9/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
58.4
PB
10.4
EV/EBITDA
26.9
ROE
20.7%
ROCE
24.3%
FCF Yield
0.8%
Debt/Equity
0.1
MoS
-28.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-28.7%
Previous: -28.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
54
54
54
54
54
54
54
54
54
54
54
54
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹402.49
-415.4% MoS
Growth-justified P/E
45.0
Growth-justified Value
₹1,611.9
-28.7% MoS
PEG
0.86
Comparable companies
Peers
Business-comparable peers in FMCG — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
FLAIR
Small
Flair Writing Industries Limited
Consumer Goods
match 131
60
17.1
12.9%
+47%
UNDERVALUED
EMAMILTD
Large
Emami Limited
Consumer Goods
match 128
62
21.8
26.2%
+50%
UNDERVALUED
GILLETTE
Large
Gillette India Limited
Consumer Goods
match 122
69
35.2
66.5%
+21%
UNDERVALUED
ORKLAINDIA
Micro
Orkla India Limited
Consumer Goods
match 122
53
24.5
11.2%
+44%
FAIR VALUE
HINDUNILVR
Large
Hindustan Unilever Limited
Consumer Goods
match 113
61
40.3
31.0%
+35%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-12T08:23:20.558Z
Management commentary snapshot
FY26 revenue grew 21.6% to INR2,326.4 crores, surpassing guidance, driven by new products and buoyant demand. Q4 revenue rose 18.7% to INR604 crores. EBITDA margins softened in Q4 (16.7% vs 17.3% YoY) and FY26 (17.3% vs 18.2% YoY) due to Uniclan's higher contribution and e-commerce costs.
DOMS delivered strong revenue growth in FY26 and Q4, fueled by new product launches and robust domestic demand. However, significant raw material inflation (15-20% increase in crude-linked basket) and higher e-commerce related costs for the Uniclan segment are pressuring EBITDA margins. Management has implemented only 4-5% pricing actions, leading to near-term margin uncertainty for FY27.
Growth engines
New Product Launches
New product launches across categories with attractive ergonomic and user-friendly designs resonated strongly with consumers and gained strong traction.
Sustained Category Growth
Witnessed sustained growth across all our product categories, with certain categories aided by capacity additions.
Buoyant Domestic Demand
The demand scenario in the domestic market continues to remain buoyant and was a key contributor to growth, underpinned by strong entrenched distribution network.
Office Supplies Segment
Office supplies (ball point pens, highlighters) delivered very great growth. Company continues to invest significantly in writing instruments.
Capacity and execution
FY26 Capex Spend
The company totally spent around INR292 crores in FY26 towards development of 45-acre land, acquisition of additional land, and procurement/installation of plant and machinery.
FY27 Capex Plan
Company has lined up a capex plan between INR250 crores to INR275 crores for FY27.
45-Acre Facility Development
The first building of our 45-acre facility is on track for completion in June 2027 with commercial production expected to commence towards the end of Q2 FY27.
Capacity Expansion Areas
Significant investments were done in expansion of moulding capacities, writing instruments, adhesive manufacturing infrastructure, and planned capex for wooden pencils.
Tailwinds
Buoyant Domestic Demand
The demand scenario in the domestic market continues to remain buoyant, underpinned by strong entrenched distribution network, robust brand equity and a well-diversified product portfolio.
Strong Brand Equity
Social media community scaled significantly: YouTube subscribers crossed 4 million, Instagram followers over 170,000, reinforcing DOMS as an admired brand.
New Product Traction
New product launches across categories with attractive ergonomic and user-friendly designs resonated strongly with consumers and gained strong traction.
Headwinds
Geopolitical Uncertainty
Elevated uncertainty and volatility primarily stemming from the ongoing developments in West Asia.
Raw Material Price Inflation
Significant increase in prices of raw material, with a significant portion of input basket directly linked to crude derivatives.
Seasonal Slowdown in Baby Hygiene
Moderation in EBITDA margin is partly due to the onset of the seasonal slowdown in the baby hygiene segment, which impacted fixed cost absorption.
Risk radar
Raw Material Price Volatility
A significant portion of our input basket is directly linked to crude derivatives, which makes cost trends especially sensitive and highly volatile to the developments in the West Asia conflict.
Market Share Impact from Pricing
Aggressive pricing moves can sometimes lead to loss of shelf space to new entrants and existing competitors.
E-commerce Cost Structure
Increase in contribution of e-commerce sales in the baby hygiene segment led to higher advertising and marketing and freight expenses, impacting EBITDA margins.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
The company reports both full-year (FY26) and quarterly (Q4 FY26) results, comparing them to the corresponding previous periods (YoY). Quarterly sequential performance (QoQ) is also relevant for understanding the seasonal impact on the Uniclan business.
Sector KPIs management disclosed
Revenue Growth (FY26)
Revenue for the financial year 2026 grew by 21.6% to INR2,326.4 crores, surpassing our full year guidance.
Revenue Growth (Q4 FY26)
Revenue for Q4 FY26 grew by 18.7% to INR604 crores, highlighting a sustained growth trajectory.
Consumption Margins (FY26)
Consumption margins were broadly consistent for FY26 at 43.6% similar to FY25.
EBITDA Margin (FY26)
EBITDA margin softened to 17.3% as compared to 18.2% in FY25 on account of higher Uniclan contribution.
Management forward view
FY27 Revenue Guidance
At consolidated level with the planned capacity expansion and the current demand trends, we expect revenue to grow by 17% to 20% in FY27.
Near-Term Margin Pressure
Given the current commodity environment and volatility, we do expect margins in Q1 to remain slightly under pressure versus the corresponding period last year.
Long-Term Margin Profile
We do not view this as a structural revision of our margin – long-term margin profile, but more of temporary.
Uniclan Long-Term Margin Target
From a long-term perspective, we believe in this segment (Uniclan), we'll be happy to achieve a 10% sort of an EBITDA and stay at that level, maximizing revenue growth.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Raw Material Cost Trends | 15-20% inflation in crude-linked basket (peak). | Stabilization or correction in raw material prices, especially crude derivatives, to ease margin pressure. |
| Pricing Actions & Market Share | 4-5% pricing increase implemented so far. | Further calibrated pricing actions and their impact on market share and competitive positioning. |
| EBITDA Margin Recovery | Q4 FY26 EBITDA margin at 16.7%, FY26 at 17.3%. Expected Q1 FY27 pressure. | Signs of margin recovery in subsequent quarters, driven by cost efficiencies and effective pricing. |
| 45-Acre Facility Commercialization | First building completion June 2027, commercial production end of Q2 FY27. | Timely commissioning and ramp-up of production from the new facility to support growth. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
79Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 88th percentile of the scored universe and 70th percentile within FMCG. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
39 docs text-extracted · 18 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
88th percentile
overall median 67 · FMCG: 70th pctile, median 79 · Large: 74th pctile, median 73
Evidence depth
Financial-only
39 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
68
acceptable · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
80
strong · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 63.4%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.8%.
- ▸4 years of positive FCF.
Trust risks
- ▸Promoter holding fell 7%.
- ▸ROCE trend is -2.7%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching DOMS Industries Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Credit ratingAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 24 Aug - CRISIL reaffirmed DOMS Industries' bank loan rating at AA-/Stable for ₹252.1 crore on August 22, 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Aug - Newspaper Advertisement for 20th Annual General Meeting and Information on E-Voting
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements 10 Jun - DOMS signs APA to acquire Reynolds assets/IP for US$3.7 million; completion expected on 1 July 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 18 May - DOMS reported FY26 revenue of ₹2,326.4 Cr, EBITDA ₹402.6 Cr, PAT ₹239.6 Cr; first building due Q1 FY27.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jun - Intimation of Newspaper Advertisement for Postal Ballot Notice
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement Under Regulation 30 Of SEBI LODR Regulations, 2015 20 May - Customs appeal order upheld on May 19, 2026; GST demand ₹13.36 lakh, penalty ₹13.36 lakh, fine ₹20 lakh.
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.