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Shah Foods Limited (519031) Fair Value & Analysis

Other · IN · Market cap ₹76.4M

SF Shah Foods Limited 519031 · BSE
Price₹356.75
Fair Value₹795.63
Upside+123.0%
Quality22/100
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Mixed Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/9)
Evidence: Medium Range ₹596.73 – ₹994.54 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated today

Share price +35.3% over the past month.

Below-average quality, screening 123% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (22/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹596.73). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

₹366.00 ₹16.60 Fair Value ₹795.63 Feb 2017 Aug 2026

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 ₹16.60 – ₹366.00 · fair‑value band ₹596.73 – ₹994.54 · the ₹356.75 price screens below the ₹795.63 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Shah Foods Limited (519031) currently trades at ₹356.75, while our model-based Fair Value estimate is ₹795.63, implying the stock looks roughly 123.0% undervalued today. The Quality Score stands at 22/100 (below-average quality), in the Other 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: medium), always confirm before acting.

Trailing-twelve-month revenue stands at ₹215K. Net debt stands at ₹275M. The stock trades on a trailing P/E of 70.6 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹596.73 (bear case) to ₹994.54 (bull case); at ₹356.75, 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 266% above its 52-week low. For context, the median of 10 Other peers we cover trades at -52% fair-value upside, at 123%, 519031 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.

Model 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. Evidence
Highest evidence
Residual Income ₹1,846 ₹1,643 ₹1,091 76
Gordon GGM ₹8.38 ₹8.96 ₹9.81 70
Growth-Adj P/E ₹500.13 ₹714.47 ₹928.81 68
All 9 models by family
Earnings-Based
Graham-Dodd ₹374.42 ₹457.62 ₹514.82 54
Dividend Discount
Gordon GGM ₹8.38 ₹8.96 ₹9.81 70
DDM Multi-Stage ₹8.38 ₹9.70 ₹11.35 61
Multiples
P/E Multiple ₹702.03 ₹936.04 ₹1,170 63
P/S Multiple ₹74.96 ₹99.94 ₹124.93 58
P/B Multiple ₹702.03 ₹936.04 ₹1,170 55
Asset-Based
NCAV (Graham) ₹1,480 ₹1,983 ₹2,959 50
Economic Profit
Residual Income ₹1,846 ₹1,643 ₹1,091 76
Growth Earnings
Growth-Adj P/E ₹500.13 ₹714.47 ₹928.81 68

Widest divergence: Asset-Based (₹1,983) versus Dividend Discount (₹8.96). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹215K
Revenue growth (YoY) -99.2%
Free cash flow −₹645M FY2026
P/E ratio 70.6 as of Jul 4, 2026
Operating margin -5,985%
EPS (TTM) ₹1.81
More key figures
Net debt ₹275M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 23 · Market factors (momentum, volatility) 84

Profitability 29
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 55
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Shah Foods Limited manufactures and sells biscuits for Britannia Industries Limited in India. It offers short dough cookies, including glucose and sandwich cream biscuits under the Shahi brand, as well as trades in shares and securities. The company was incorporated in 1982 and is based in Ahmedabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Shah Foods Limited reported revenue of ₹39.8M in FY2026 versus ₹0 in FY2022. Reported net income was ₹32.9M in FY2026.

Growth Quality 41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹39.8M
Latest YoY
+5.3%
Avg. growth/yr (5Y) 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.
+114.8%
Avg. growth/yr (12Y) 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.
+0.5%
Revenue
FY22 ₹0
FY23 ₹0
FY24 ₹0
FY25 ₹37.8M
FY26 ₹39.8M
Net income
FY22 −₹2.7M
FY23 −₹2.1M
FY24 −₹2.2M
FY25 ₹1.1M
FY26 ₹32.9M

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Cite: Fair Value Calculator (2026). "Shah Foods Limited Fair Value". https://www.fairvalue-calculator.com/stock/519031

Peer Group

Other · 386 stocks

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.

Quality Score 22 · Bottom 25%
Fair Value upside +123% · Top 25%
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Revenue growth -99% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 70.6× · Pricier than 75% of peers
P/S (TTM) 3.73× · Pricier than 75% of peers

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.

VALUE 100 · sector 10
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 99 · sector 97
DIVIDEND 0 · sector 0

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Lupin Limited 500257 ₹2,265 ₹1,983 -12%
Dabur India Limited 500096 ₹413.80 ₹122.93 -70%
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500825 500825 ₹5,626 ₹1,289 -77%

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Frequently asked questions

Is Shah Foods Limited (519031) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹795.63 versus a price of ₹356.75, about +123% (undervalued).
What is the fair value of 519031?
Our model-based fair value for Shah Foods Limited is ₹795.63 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹356.75.
What is the quality score of 519031?
Shah Foods Limited has a Quality Score of 22/100. 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 revenue of Shah Foods Limited (519031)?
Shah Foods Limited reported trailing-twelve-month revenue of about ₹215K (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 519031?
The net profit margin of Shah Foods Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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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