India Cements Capital Limited (511355) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of India Cements Capital Limited stock ₹58.80, price ₹29.40, upside +100.0%, quality 67 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range ₹6.80 – ₹35.55 · fair‑value band ₹35.48 – ₹101.90 · the ₹29.40 price screens below the ₹58.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 25, 2026.
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India Cements Capital Limited, together with its subsidiaries, provides money changing services under the For X Change brand name in India.
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It also offers advisory services on the forex market to exporters and importers under the Midas Advisory brand name; travel related services, such as ticketing, hotel bookings, visa processing, etc.; and share broking services.
In addition, the company provides money transfer, remittance, foreign exchange, equity, futures and options, commodity, mutual fund, initial public offering, and follow-on public offering services, as well as travel insurance.
India Cements Capital Limited was incorporated in 1985 and is based in Chennai, India.
Stock analysis
India Cements Capital Limited (511355) currently trades at ₹29.40, while our model-based Fair Value estimate is ₹58.80, implying the stock looks roughly 50.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: ₹35.48 (bear) to ₹101.90 (bull), the price of ₹29.40 sits below 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 67/100 (solid quality), in the Financial sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
India Cements Capital Limited reported revenue of ₹50.1M in FY2026 versus ₹25.2M in FY2022, a compound +18.8%/yr. Reported net income was −₹4.5M in FY2026.
Key figures
Market cap ₹73.8M (≈ $777K) · P/E ratio 38.0 · EPS (TTM) ₹0.2500 · Net margin −0.1% · Return on equity −4.1% · Return on assets (EBIT) 0.2% · Operating margin −0.1% · Revenue growth (YoY) −55.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 17% below its 52-week high and 186% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial peers we cover trades at −2% fair-value upside, at 100%, 511355 screens cheaper than that median.
Fair Value models
Bear₹35.48Fair Value ₹58.80Bull₹101.90
Price ₹29.40 · Upside +100.0%
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 (₹0.1432 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.61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−10.3%
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.
+11.1%
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.
+23.1%
Start year 2021 (pandemic). Over 10 years: −0.7% a year
Revenue growth 12 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.
−0.6%
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Profit margin (trend) ⓘ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.
−49.0% (2021) → −10.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare India Cements Capital 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 sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Investment Brokerage - National” was too small, so the broader sector is used.)Financials · 3168 stocks
Beats the sector median on 2/8 measures
Overall it trails its sector peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on assets−2.2% · Bottom 25%
Net margin (12 months)−0.1% · Bottom 25%
Operating margin (12 months)−0.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−55.1% · Bottom 25%
Dividend yield (12 months)0.0% · Bottom 25%
Valuation Multiplesvs Financials median · lower = cheaper
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). "India Cements Capital Limited Fair Value". https://www.fairvalue-calculator.com/stock/511355
Frequently asked questions
Is India Cements Capital Limited (511355) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of ₹58.80 versus a price of ₹29.40, about +100% upside (undervalued).
What is the fair value of 511355?
Our model-based fair value for India Cements Capital Limited is ₹58.80 (as of Oct 25, 2026), built from audited fundamentals. The current price: ₹29.40.
What is the quality score of 511355?
India Cements Capital Limited has a Quality Score of 67/100. 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 India Cements Capital Limited (511355)?
Our model-based price target is the fair value of ₹58.80 (as of Oct 25, 2026) from 2 valuation models. Cautious scenario ₹35.48, optimistic scenario ₹101.90. It is a calculation from audited fundamentals, not an analyst target.
What is the India Cements Capital Limited stock forecast for 2026?
Our models put fair value at ₹58.80, about +100% upside versus a price of ₹29.40 (undervalued). Cautious scenario ₹35.48, optimistic scenario ₹101.90. The calculation is refreshed regularly with new filings.
What is the intrinsic value of India Cements Capital Limited (511355)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For India Cements Capital Limited it is ₹58.80 per share (as of Oct 25, 2026), against a price of ₹29.40. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is India Cements Capital Limited stock overvalued or undervalued in 2026?
As of Oct 25, 2026, 511355 trades below its calculated fair value: price ₹29.40, fair value ₹58.80, a gap of about +100% (undervalued). 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 511355?
No. The price is what the market pays today (₹29.40); the fair value is what the company's own numbers justify (₹58.80). For India Cements Capital Limited the two are ₹29.40 per share apart. That gap is exactly why we show both numbers side by side.
How much is India Cements Capital Limited worth?
The market values India Cements Capital Limited at about ₹73.8M (market capitalisation, as of Oct 25, 2026). Per share that is ₹29.40; our models calculate a fair value of ₹58.80 per share.
What do the bullish and bearish scenarios say about 511355?
Our models span a range for India Cements Capital Limited: cautious scenario ₹35.48, base ₹58.80, optimistic ₹101.90 per share (as of Oct 25, 2026, price ₹29.40). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 511355?
India Cements Capital Limited trades at a price-to-earnings ratio of 38.0 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹58.80 is built from several models across several years.
How solid is the balance sheet of India Cements Capital Limited (511355)?
Balance-sheet figures for India Cements Capital Limited (as of Oct 25, 2026): return on equity −4.1%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is 511355 from its 52-week high?
India Cements Capital Limited trades at ₹29.40, about 17% below its 52-week high of ₹35.55 and 186% above the low of ₹10.28 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹58.80 is for.
Which stocks are comparable to India Cements Capital Limited?
From the same area (Financial) we also value PROFINC, GARNETINT, IndiaNivesh Limited, BNRSEC, 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 India Cements Capital Limited stock attractive at the current price?
The data as of Oct 25, 2026: price ₹29.40, calculated fair value ₹58.80 (+100%), Quality Score 67/100, from 2 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 511355 calculated?
We run India Cements Capital Limited through 2 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹58.80, 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 12.5 % above its aggregate fair value. India Cements Capital Limited currently trades 50 % 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 India Cements Capital Limited (511355)?
The closing price on Oct 23, 2026 was ₹29.40. Our model-based fair value is ₹58.80, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with India Cements Capital Limited right now?
The price is below even our cautious bear case (₹35.48). The market is more pessimistic than our downside scenario. The model range is unusually wide (₹35.48 to ₹101.90). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of India Cements Capital Limited
How large is the market capitalisation of India Cements Capital Limited (511355)?
The market capitalisation of India Cements Capital Limited is ₹73.8M (≈ $777K). 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 are the earnings per share of India Cements Capital Limited (511355)?
Earnings per share at India Cements Capital Limited are ₹0.2500 (price ÷ EPS = P/E 38.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of India Cements Capital Limited (511355)?
The net margin of India Cements Capital Limited is −0.1% (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 India Cements Capital Limited (511355)?
The return on equity (ROE) of India Cements Capital Limited is −4.1% (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 India Cements Capital Limited (511355)?
On an EBIT basis the return on assets of India Cements Capital Limited is 0.2% (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 India Cements Capital Limited (511355)?
The operating margin of India Cements Capital Limited is −0.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at India Cements Capital Limited (511355)?
Revenue at India Cements Capital Limited is growing −55.1% versus a year earlier (3y avg +11.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does India Cements Capital Limited (511355) generate?
The free cash flow of India Cements Capital Limited is ₹413M (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 India Cements Capital Limited (511355) carry?
The net debt of India Cements Capital Limited is ₹305M (fiscal year 2025, ≈ 0.7 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
Oct 25, 2026