Akash Infra-Projects Limited (AKASH) fair value: what the stock is really worth
As of Nov 11, 2026: fair value (intrinsic value) of Akash Infra-Projects Limited stock ₹27.37, price ₹25.44, upside +7.6%, quality 41 out of 100. Rating: fairly valued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.
How to read this chart
60‑month range ₹22.45 – ₹248.29 · fair‑value band ₹24.19 – ₹30.01 · the ₹25.44 price screens below the ₹27.37 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.
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Akash Infra-Projects Limited engages in the civil construction business in India. The company undertakes various government contracts for the construction, resurfacing, widening, and repair of roads and bridges. It also constructs and develops commercial complex, hotels, and hospitals.
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In addition, the company is involved in trading lubricants. The company was incorporated in 1999 and is based in Gandhinagar, India.
Stock analysis
Akash Infra-Projects Limited (AKASH) currently trades at ₹25.44, while our model-based Fair Value estimate is ₹27.37, so the stock looks roughly fairly valued today (gap 7.1%).
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹43.39 per share, and 6 of the 11 models we run sit above the ₹25.44 price.
Bear case: the Growth Earnings group reads lowest at ₹6.11, and 5 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹24.19 (bear) to ₹30.01 (bull), the price of ₹25.44 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 41/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Akash Infra-Projects Limited reported revenue of ₹818M in FY2026 versus ₹721M in FY2022, a compound +3.2%/yr. Reported net income was ₹6.5M in FY2026, compounding −27.3%/yr from FY2022.
Key figures
Market cap ₹429M (≈ $4.6M) Micro · P/E ratio 68.8 · P/S ratio 0.43 · EPS (TTM) ₹0.3700 · Net margin 0.7% · Return on equity 0.8% · Return on assets (EBIT) 3.6% (5-year average) · Operating margin 3.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −44% fair-value upside, at 8%, AKASH screens cheaper than that median.
Fair Value models
Bear₹24.19Fair Value ₹27.37Bull₹30.01
Price ₹25.44 · Upside +7.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹0.2291 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+41.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Start year 2021 (pandemic). Over 10 years: −0.7% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−10.9% vs −18.5%, picking up
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 7%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 6.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Akash Infra-Projects Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Engineering & Construction · 826 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside+7.6% · Above median
Profitability
Return on equity (12 months)0.8% · Below median
Return on assets0.3% · Below median
Net margin (12 months)0.7% · Below median
Operating margin (12 months)3.0% · Below median
Growth and dividend
Revenue growth (quarter YoY)84.5% · Top 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
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Is Akash Infra-Projects Limited (AKASH) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹27.37 versus a price of ₹25.44, about +8% upside (fairly valued).
What is the fair value of AKASH?
Our model-based fair value for Akash Infra-Projects Limited is ₹27.37 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹25.44.
What is the quality score of AKASH?
Akash Infra-Projects Limited has a Quality Score of 41/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Akash Infra-Projects Limited (AKASH)?
Our model-based price target is the fair value of ₹27.37 (as of Nov 10, 2026) from 13 valuation models. Cautious scenario ₹24.19, optimistic scenario ₹30.01. It is a calculation from audited fundamentals, not an analyst target.
What is the Akash Infra-Projects Limited stock forecast for 2026?
Our models put fair value at ₹27.37, about +8% upside versus a price of ₹25.44 (fairly valued). Cautious scenario ₹24.19, optimistic scenario ₹30.01. The calculation is refreshed regularly with new filings.
What is the revenue of Akash Infra-Projects Limited (AKASH)?
Akash Infra-Projects Limited reported trailing-twelve-month revenue of about ₹997M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Akash Infra-Projects Limited (AKASH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Akash Infra-Projects Limited it is ₹27.37 per share (as of Nov 10, 2026), against a price of ₹25.44. It is the blended result of 13 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Akash Infra-Projects Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, AKASH trades below its calculated fair value: price ₹25.44, fair value ₹27.37, a gap of about +8% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of AKASH?
No. The price is what the market pays today (₹25.44); the fair value is what the company's own numbers justify (₹27.37). For Akash Infra-Projects Limited the two are ₹1.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Akash Infra-Projects Limited worth?
The market values Akash Infra-Projects Limited at about ₹429M (market capitalisation, as of Nov 10, 2026). Per share that is ₹25.44; our models calculate a fair value of ₹27.37 per share.
What do the bullish and bearish scenarios say about AKASH?
Our models span a range for Akash Infra-Projects Limited: cautious scenario ₹24.19, base ₹27.37, optimistic ₹30.01 per share (as of Nov 10, 2026, price ₹25.44). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AKASH?
Akash Infra-Projects Limited trades at a price-to-earnings ratio of 68.8 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹27.37 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2019 to 2026), reported earnings: 68.3. Other multiples: P/B 0.5, P/S 0.4, EV/EBITDA 6.0.
How solid is the balance sheet of Akash Infra-Projects Limited (AKASH)?
Balance-sheet figures for Akash Infra-Projects Limited (as of Nov 10, 2026): return on equity 0.8%. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is AKASH from its 52-week high?
Akash Infra-Projects Limited trades at ₹25.44, about 25% below its 52-week high of ₹34.09 and 13% above the low of ₹22.45 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹27.37 is for.
Which stocks are comparable to Akash Infra-Projects Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Larsen & Toubro Limited, Comfort Systems USA, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Akash Infra-Projects Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹25.44, calculated fair value ₹27.37 (+8%), Quality Score 41/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of AKASH calculated?
We run Akash Infra-Projects Limited through 13 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹27.37 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Akash Infra-Projects Limited currently trades 7% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Akash Infra-Projects Limited (AKASH)?
The closing price on Nov 11, 2026 was ₹25.44. Our model-based fair value is ₹27.37, about +8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Akash Infra-Projects Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Where does the earnings growth of Akash Infra-Projects Limited (AKASH) come from?
Earnings per share at Akash Infra-Projects Limited grew −23.1 % a year from 2015 to 2026. Broken into its drivers: revenue per share −5.6 %, EBIT margin +1.8 %, tax rate −3.5 %, residual (interest, one-offs) −17.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Akash Infra-Projects Limited
How large is the market capitalisation of Akash Infra-Projects Limited (AKASH)?
The market capitalisation of Akash Infra-Projects Limited is ₹429M (≈ $4.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Akash Infra-Projects Limited (AKASH)?
The price-to-sales ratio of Akash Infra-Projects Limited is 0.43 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Akash Infra-Projects Limited (AKASH)?
Earnings per share at Akash Infra-Projects Limited are ₹0.3700 (price ÷ EPS = P/E 68.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Akash Infra-Projects Limited (AKASH)?
The net margin of Akash Infra-Projects Limited is 0.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Akash Infra-Projects Limited (AKASH)?
The return on equity (ROE) of Akash Infra-Projects Limited is 0.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Akash Infra-Projects Limited (AKASH)?
On an EBIT basis the return on assets of Akash Infra-Projects Limited is 3.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Akash Infra-Projects Limited (AKASH)?
The operating margin of Akash Infra-Projects Limited is 3.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Akash Infra-Projects Limited (AKASH)?
Revenue at Akash Infra-Projects Limited is growing +84.5% versus a year earlier (3y avg +9.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Akash Infra-Projects Limited (AKASH)?
Earnings per share at Akash Infra-Projects Limited are growing +10.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Akash Infra-Projects Limited (AKASH) generate?
The free cash flow of Akash Infra-Projects Limited is −₹63.9M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Akash Infra-Projects Limited (AKASH) carry?
The net debt of Akash Infra-Projects Limited is ₹914M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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