India Cements Capital Limited (511355) Fair Value & Analysis
Financial · IN · Market cap ₹73.8M
Fair value as of: Aug 13, 2026
From 2 valuation models · updated 5 days ago
Fair value updated Aug 13, 2026, revised from ₹37.02 to ₹50.36 (+36.0%) since Aug 9, 2026.
A solid business, screening 108% undervalued on our models.
What matters now
- The price is below even our cautious bear case (₹33.76). The market is more pessimistic than our downside scenario.
- 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 (65/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (₹33.76 to ₹79.39) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹4.10 – ₹25.68 · fair‑value band ₹33.76 – ₹79.39 · the ₹24.18 price screens below the ₹50.36 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
India Cements Capital Limited (511355) currently trades at ₹24.18, while our model-based Fair Value estimate is ₹50.36, implying the stock looks roughly 108.3% undervalued today. The Quality Score stands at 65/100 (solid quality), in the Financial sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Over the trailing twelve months, India Cements Capital Limited generated revenue of ₹8.8B at a net margin of -0.1%. Revenue declined 55.1% year over year. It earns a return on equity of -4.1%. Net debt stands at ₹305M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹33.76 (bear case) to ₹79.39 (bull case); at ₹24.18, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 165% above its 52-week low. For context, the median of 10 Financial peers we cover trades at -28% fair-value upside, at 108%, 511355 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 2 models by family
Widest divergence: Growth DCF (₹336.13) versus Asset-Based (₹5.53). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 70 · Market factors (momentum, volatility) 73
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
India Cements Capital Limited, together with its subsidiaries, provides money changing services under the For X Change brand name in India.
Full company description
India Cements Capital Limited, together with its subsidiaries, provides money changing services under the For X Change brand name in India. 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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
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.
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Peer Group
Financials · 3151 stocks
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.)
Valuation Multiples vs Financials median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Investment Brokerage - National stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Religare Enterprises Limited 532915 | ₹238.60 | ₹69.27 | -71% |
| Arihant Capital Markets Limited 511605 | ₹74.59 | ₹149.18 | +100% |
| IndiaNivesh Limited 501700 | ₹7.12 | ₹5.72 | -20% |
| Garnet International Limited 512493 | ₹61.69 | ₹31.45 | -49% |
| Yash Management & Satellite Ltd 511601 | ₹9.13 | ₹6.53 | -28% |
| Wallfort Financial Services Limited 532053 | ₹79.71 | ₹8.60 | -89% |
| Gemstone Investments Limited 531137 | ₹1.51 | ₹0.7000 | -54% |
| Chartered Capital and Investment Limited 511696 | ₹278.00 | ₹116.97 | -58% |
| SKP Securities Limited 531169 | ₹103.99 | ₹196.47 | +89% |
| Pro Fin Capital Services Ltd 511557 | ₹2.83 | ₹5.66 | +100% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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