DPSC Limited (DPSCLTD) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of DPSC Limited stock ₹3.36, price ₹6.71, that is 50.0% below the price, quality 49 out of 100. Rating: strongly overvalued. Calculated from audited financials with 21 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 7, 2026.
How to read this chart
60‑month range ₹5.49 – ₹27.98 · fair‑value band ₹2.75 – ₹3.98 · the ₹6.71 price screens above the ₹3.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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India Power Corporation Limited, together with its subsidiaries, engages in the generation and distribution of electricity in India. The company operates 24.8 MW of wind assets in Gujarat; 2 MW of solar asset in West Bengal; and 12 MW thermal power plants in Asansol, West Bengal.
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It serves government establishments, industrial houses, railways, and domestic consumers. The company was formerly known as DPSC Limited and changed its name to India Power Corporation Limited in August 2013.
India Power Corporation Limited was incorporated in 1919 and is headquartered in Kolkata, India. India Power Corporation Limited operates as a subsidiary of India Power Corporation of India Ltd.
Stock analysis
DPSC Limited (DPSCLTD) currently trades at ₹6.71, while our model-based Fair Value estimate is ₹3.36, 50% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹6.12 per share, and 1 of the 21 models we run sit above the ₹6.71 price.
Bear case: the Earnings-Based group reads lowest at ₹1.39, and 20 of the 21 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹2.75 (bear) to ₹3.98 (bull), the price of ₹6.71 sits above 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 49/100 (below-average quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
DPSC Limited reported revenue of ₹6.8B in FY2026 versus ₹5.5B in FY2022, a compound +5.7%/yr. Reported net income was ₹128M in FY2026, compounding −4.5%/yr from FY2022.
Key figures
Market cap ₹9.2B (≈ $98.5M) Micro · P/E ratio 83.9 · P/S ratio 1.35 · EPS (TTM) ₹0.0800 · Dividend yield 0.4% · Net margin 1.9% · Return on equity 1.5% · Return on assets (EBIT) −1.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −38% fair-value upside, at −50%, DPSCLTD screens richer than that median.
Fair Value models
Bear₹2.75Fair Value ₹3.36Bull₹3.98
Price ₹6.71 · Downside -50.0%
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 (₹0.0493 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.
Best data coverage
FCF DCF₹4.12₹5.32₹6.6282
Growth DCF₹4.16₹5.25₹6.3980
Owner Earnings₹3.76₹4.87₹6.0878
All 21 models by family
DCF Models
FCF DCF₹4.12₹5.32₹6.6282
Owner Earnings₹3.76₹4.87₹6.0878
5Y Revenue Exit₹3.94₹5.84₹8.1273
5Y EBITDA Exit₹1.77₹2.04₹2.2777
5Y P/E Exit₹2.45₹3.22₹3.9572
10Y Revenue Exit₹3.89₹5.37₹7.1067
10Y EBITDA Exit₹2.89₹3.31₹3.7070
10Y P/E Exit₹3.23₹3.95₹4.6865
Earnings-Based
Graham-Dodd₹0.8900₹1.96₹2.5066
PEG = 1.0₹0.5700₹0.8200₹1.0757
Dividend Discount
Gordon GGM₹0.1500₹0.2000₹0.250069
DDM Multi-Stage₹0.1500₹0.1900₹0.230067
Multiples
P/E Multiple₹1.78₹2.37₹2.9663
P/S Multiple₹1.68₹2.24₹2.8058
P/B Multiple₹9.36₹12.47₹15.5955
EV/Revenue₹3.80₹5.84₹7.8953
Asset-Based
NCAV (Graham)₹4.57₹6.12₹9.1454
Growth DCF
Growth DCF₹4.16₹5.25₹6.3980
Rev-Margin DCF₹3.94₹5.93₹8.0573
Economic Profit
Residual Income₹4.47₹4.90₹5.4976
Growth Earnings
Growth-Adj P/E₹1.33₹1.90₹2.4767
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.66/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.1%
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.
+3.1%
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.
+6.0%
Start year 2021 (pandemic). Over 10 years: −0.7% a year
Revenue growth 17 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.
+3.5%
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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.
−0.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)0.4%
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.−1.0% vs −8.0%, 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.8% → −5%
Pace: the 5-year rate starts in 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +14.0% a year for the price.
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.Utilities - Regulated Electric · 155 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside−50.0% · Bottom 25%
Profitability
Return on equity (12 months)1.5% · Bottom 25%
Return on assets0.7% · Bottom 25%
Net margin (12 months)1.9% · Bottom 25%
Operating margin (12 months)−7.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)21.4% · Top 25%
Dividend yield (12 months)0.4% · Bottom 25%
Balance sheet
Debt / equity0.11× · Lowest 25%
Valuation Multiplesvs Utilities - Regulated Electric median · lower = cheaper
P/E (12 months)83.9× · Priciest 25%
P/B1.04× · Cheaper than median
P/S (12 months)1.35× · Cheaper than median
Price / free cash flow (fiscal year)18.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)100· sector 29
PAST (return on equity)6· sector 40
HEALTH (low debt)95· sector 52
DIVIDEND (yield)7· sector 63
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "DPSC Limited Fair Value". https://www.fairvalue-calculator.com/stock/DPSCLTD
Frequently asked questions
Is DPSC Limited (DPSCLTD) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of ₹3.36 versus a price of ₹6.71, about 50% lower (overvalued).
What is the fair value of DPSCLTD?
Our model-based fair value for DPSC Limited is ₹3.36 (as of Nov 7, 2026), built from audited fundamentals. The current price: ₹6.71.
What is the quality score of DPSCLTD?
DPSC Limited has a Quality Score of 49/100. 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 DPSC Limited (DPSCLTD)?
Our model-based price target is the fair value of ₹3.36 (as of Nov 7, 2026) from 21 valuation models. Cautious scenario ₹2.75, optimistic scenario ₹3.98. It is a calculation from audited fundamentals, not an analyst target.
What is the DPSC Limited stock forecast for 2026?
Our models put fair value at ₹3.36, about 50% lower versus a price of ₹6.71 (overvalued). Cautious scenario ₹2.75, optimistic scenario ₹3.98. The calculation is refreshed regularly with new filings.
What is the revenue of DPSC Limited (DPSCLTD)?
DPSC Limited reported trailing-twelve-month revenue of about ₹6.8B (latest available figure, as of Nov 7, 2026).
Does DPSC Limited pay a dividend?
DPSC Limited currently shows a dividend yield of 0.37% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of DPSC Limited (DPSCLTD)?
DPSC Limited has a dividend yield of 0.4%.
What growth is priced into DPSC Limited (DPSCLTD)?
For today's price to be fair in a discounted-cash-flow model, DPSC Limited would have to grow free cash flow by +18.7 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of DPSCLTD use?
Our models discount DPSC Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.48, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For DPSC Limited that is +18.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has DPSC Limited (DPSCLTD) delivered so far?
Over the past 5 years revenue at DPSC Limited grew +6.0 % a year. The price currently implies free-cash-flow growth of +18.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of DPSC Limited (DPSCLTD) growing?
The median revenue growth in the sector is +4.8 % a year. That is the yardstick for the growth priced into DPSC Limited (+18.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of DPSC Limited (DPSCLTD)?
The free-cash-flow yield on the price is 5.52 %: that much free cash flow DPSC Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of DPSC Limited (DPSCLTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DPSC Limited it is ₹3.36 per share (as of Nov 7, 2026), against a price of ₹6.71. It is the blended result of 21 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is DPSC Limited stock overvalued or undervalued in 2026?
As of Nov 7, 2026, DPSCLTD trades above its calculated fair value: price ₹6.71, fair value ₹3.36, a gap of about −50% (overvalued). 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 DPSCLTD?
No. The price is what the market pays today (₹6.71); the fair value is what the company's own numbers justify (₹3.36). For DPSC Limited the two are ₹3.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is DPSC Limited worth?
The market values DPSC Limited at about ₹9.2B (market capitalisation, as of Nov 7, 2026). Per share that is ₹6.71; our models calculate a fair value of ₹3.36 per share.
What do the bullish and bearish scenarios say about DPSCLTD?
Our models span a range for DPSC Limited: cautious scenario ₹2.75, base ₹3.36, optimistic ₹3.98 per share (as of Nov 7, 2026, price ₹6.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DPSCLTD?
DPSC Limited trades at a price-to-earnings ratio of 83.9 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹3.36 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 95.2. Other multiples: P/B 1.0, P/S 1.4.
How solid is the balance sheet of DPSC Limited (DPSCLTD)?
Balance-sheet figures for DPSC Limited (as of Nov 7, 2026): return on equity 1.5%, debt of 0.11 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is DPSCLTD from its 52-week high?
DPSC Limited trades at ₹6.71, about 41% below its 52-week high of ₹11.42 and 22% above the low of ₹5.49 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹3.36 is for.
Which stocks are comparable to DPSC Limited?
From the same area (Utilities) we also value NextEra Energy, Inc, The Southern Company, Duke Energy Corporation, American Electric Power Company, 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 DPSC Limited stock attractive at the current price?
The data as of Nov 7, 2026: price ₹6.71, calculated fair value ₹3.36 (−50%), Quality Score 49/100, from 21 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 DPSCLTD calculated?
We run DPSC Limited through 21 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹3.36 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 15.1% above its aggregate fair value. DPSC Limited itself currently trades above fair value. 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 DPSC Limited (DPSCLTD)?
The closing price on Nov 9, 2026 was ₹6.71. Our model-based fair value is ₹3.36, about 50% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DPSC Limited right now?
The price sits above even our optimistic bull case (₹3.98). The favourable scenario is already priced in. Weak quality (49/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of DPSC Limited
How large is the market capitalisation of DPSC Limited (DPSCLTD)?
The market capitalisation of DPSC Limited is ₹9.2B (≈ $98.5M). 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 DPSC Limited (DPSCLTD)?
The price-to-sales ratio of DPSC Limited is 1.35 (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 DPSC Limited (DPSCLTD)?
Earnings per share at DPSC Limited are ₹0.0800 (price ÷ EPS = P/E 83.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of DPSC Limited (DPSCLTD)?
The dividend yield of DPSC Limited is 0.4% (payout 31.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of DPSC Limited (DPSCLTD)?
The net margin of DPSC Limited is 1.9% (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 DPSC Limited (DPSCLTD)?
The return on equity (ROE) of DPSC Limited is 1.5% (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 DPSC Limited (DPSCLTD)?
On an EBIT basis the return on assets of DPSC Limited is −1.5% (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 DPSC Limited (DPSCLTD)?
The operating margin of DPSC Limited is −7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DPSC Limited (DPSCLTD)?
Revenue at DPSC Limited is growing +21.4% versus a year earlier (3y avg +3.1%). 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 DPSC Limited (DPSCLTD)?
Earnings per share at DPSC Limited are growing −46.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does DPSC Limited (DPSCLTD) carry?
The net debt of DPSC Limited is ₹952M (fiscal year 2026, ≈ 1.9 yrs of FCF). 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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Thin data
Nov 7, 2026