Aplab Limited (517096) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Aplab Limited ₹8.38, price ₹71.81, upside -88.3%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
60‑month range ₹6.43 – ₹117.77 · fair‑value band ₹5.87 – ₹11.21 · the ₹71.81 price screens above the ₹8.38 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Aplab Limited manufactures, markets, sells, and services electronic equipment worldwide.
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Aplab Limited manufactures, markets, sells, and services electronic equipment worldwide. It provides UPS systems, including industrial and online UPS systems, static transfer switches, frequency converters, and inverter and ultra-isolation transformers; high power DC systems; and solar energy systems, such as PV panel/solar array simulators and intelligent energy controllers. The company also offers power supplies consisting of high power programmable, GPIB programmable and variable output linear, DC lab, high voltage variable linear DC, AC-DC switch mode, fixed output linear, and switch mode inverter/programmable AC power supplies, as well as variable AC/DC low power series ,DC/DC converter systems, stabilizers, line conditioners, isolation transformers, and battery chargers. In addition, it provides test and measurement instruments, which include signal sources and generators, signal/function generators, DDS signal generators, arbitory waveform generators, pulse generators, analog and digital storage oscilloscopes, spectrum analyzers, counters and timers, multifunction test equipment, communication and signal test equipment, optical and audio function test equipment, time domain reflectometers, multimeters, educational trainers, logic analyzers, component testers, and accessories; and banking and retail automation products that comprise self-service cheque deposit terminals. Further, the company provides outsourced professional product design and manufacturing services; energy saving line power systems for factories and offices; and laboratory instruments, such as digital melting point apparatus. It primarily serves the telecommunication, information technology, retail banking, and power control and conditioning sectors. Aplab Limited was incorporated in 1962 and is based in Thane, India.
Stock analysis
Aplab Limited (517096) currently trades at ₹71.81, while our model-based Fair Value estimate is ₹8.38, 88.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹17.10 per share, and 0 of the 15 models we run sit above the ₹71.81 price.
Bear case: the Earnings-Based group reads lowest at ₹4.39, and 15 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹5.87 (bear) to ₹11.21 (bull), the price of ₹71.81 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 41/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Aplab Limited reported revenue of ₹637M in FY2025 versus ₹530M in FY2021, a compound +4.7%/yr. Reported net income was ₹2.6M in FY2025.
Key figures
Market cap ₹101M (≈ $1.0M) · P/E ratio 1.7 · EPS (TTM) ₹5.26 · Net margin 0.4% · Return on assets (EBIT) 1.2% · Operating margin 10.4% · Revenue (TTM) ₹472M · Revenue growth (YoY) −38.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 39% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −42% fair-value upside, at −88%, 517096 screens richer than that median.
Fair Value models
Bear ₹5.87Fair Value ₹8.38Bull ₹11.21
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹5.26 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.Evidence ⓘEvidence = 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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+28.5%
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.
+7.4%
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.
+4.3%
Start year 2020 (pandemic). Over 10 years: −1.6% a year
Revenue growth 11 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.
−3.6%
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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.
−49.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−49.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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% → −13%
⚠ Revenue per share shrinking 16.9%/yr over ~6Y (margin trend unclear) ⓘ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.
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.Electrical Equipment & Parts · 539 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−79.9% · Bottom 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)4.4% · Below median
Operating margin (TTM)10.4% · Above median
Growth and dividend
Revenue growth−38.2% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity0.51× · Highest 25%
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)1.7× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 57
PAST (return on equity)0· sector 27
HEALTH (low debt)75· sector 97
DIVIDEND (yield)0· sector 23
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). "Aplab Limited Fair Value". https://www.fairvalue-calculator.com/stock/517096
Frequently asked questions
Is Aplab Limited (517096) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹8.38 versus a price of ₹71.81, about −88% upside (overvalued).
What is the fair value of 517096?
Our model-based fair value for Aplab Limited is ₹8.38 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹71.81.
What is the quality score of 517096?
Aplab 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 Aplab Limited (517096)?
Our model-based price target is the fair value of ₹8.38 (as of Sep 24, 2026) from 15 valuation models. Cautious scenario ₹5.87, optimistic scenario ₹11.21. It is a calculation from audited fundamentals, not an analyst target.
What is the Aplab Limited stock forecast for 2026?
Our models put fair value at ₹8.38, about −88% upside versus a price of ₹71.81 (overvalued). Cautious scenario ₹5.87, optimistic scenario ₹11.21. The calculation is refreshed regularly with new filings.
What is the revenue of Aplab Limited (517096)?
Aplab Limited reported trailing-twelve-month revenue of about ₹472M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Aplab Limited (517096)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Aplab Limited it is ₹8.38 per share (as of Sep 24, 2026), against a price of ₹71.81. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Aplab Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 517096 trades above its calculated fair value: price ₹71.81, fair value ₹8.38, a gap of about −88% (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 517096?
No. The price is what the market pays today (₹71.81); the fair value is what the company's own numbers justify (₹8.38). For Aplab Limited the two are ₹63.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Aplab Limited worth?
The market values Aplab Limited at about ₹101M (market capitalisation, as of Sep 24, 2026). Per share that is ₹71.81; our models calculate a fair value of ₹8.38 per share.
What do the bullish and bearish scenarios say about 517096?
Our models span a range for Aplab Limited: cautious scenario ₹5.87, base ₹8.38, optimistic ₹11.21 per share (as of Sep 24, 2026, price ₹71.81). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 517096?
Aplab Limited trades at a price-to-earnings ratio of 1.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹8.38 is built from several models across several years.
How solid is the balance sheet of Aplab Limited (517096)?
Balance-sheet figures for Aplab Limited (as of Sep 24, 2026): debt of 0.51 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 517096 from its 52-week high?
Aplab Limited trades at ₹71.81, about 39% below its 52-week high of ₹117.77 and 22% above the low of ₹58.78 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹8.38 is for.
Which stocks are comparable to Aplab Limited?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Delta Electronics (Thailand) Public Company, Vertiv Holdings, 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 Aplab Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹71.81, calculated fair value ₹8.38 (−88%), Quality Score 41/100, from 15 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 517096 calculated?
We run Aplab Limited through 15 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 ₹8.38, 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 14.5 % above its aggregate fair value. Aplab 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 Aplab Limited (517096)?
The closing price on Oct 1, 2026 was ₹71.81. Our model-based fair value is ₹8.38, about −88% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Aplab Limited right now?
The price sits above even our optimistic bull case (₹11.21). The favourable scenario is already priced in. Weak quality (41/100) 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. A fairly wide model range (₹5.87 to ₹11.21) leaves room in how you read the outcome.
Key figures of Aplab Limited
How large is the market capitalisation of Aplab Limited (517096)?
The market capitalisation of Aplab Limited is ₹101M (≈ $1.0M). 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 Aplab Limited (517096)?
Earnings per share at Aplab Limited are ₹5.26 (price ÷ EPS = P/E 1.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Aplab Limited (517096)?
The net margin of Aplab Limited is 0.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Aplab Limited (517096)?
On an EBIT basis the return on assets of Aplab Limited is 1.2% (avg 4y). 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 Aplab Limited (517096)?
The operating margin of Aplab Limited is 10.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Aplab Limited (517096)?
Revenue at Aplab Limited is growing −38.2% versus a year earlier (3y avg +7.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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