Shah Foods Limited (519031) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shah Foods Limited ₹796, price ₹329, upside +142.1%, quality 22 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 27, 2026.
How to read this chart
60‑month range ₹16.60 – ₹422.95 · fair‑value band ₹596.73 – ₹994.54 · the ₹328.70 price screens below the ₹795.63 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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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.
Stock analysis
Shah Foods Limited (519031) currently trades at ₹328.70, while our model-based Fair Value estimate is ₹795.63, implying the stock looks roughly 58.7% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹1,991 per share, and 6 of the 7 models we run sit above the ₹328.70 price.
Bear case: the Earnings-Based group reads lowest at ₹457.62, and 1 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹596.73 (bear) to ₹994.54 (bull), the price of ₹328.70 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 22/100 (below-average quality), in the Other sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shah Foods Limited reported revenue of ₹39.8M in FY2026 versus ₹0 in FY2022. Reported net income was ₹32.9M in FY2026.
Key figures
Market cap ₹76.4M (≈ $793K) · P/E ratio 70.6 · P/S ratio 58.3 · EPS (TTM) ₹1.81 · Net margin 82.6% · Return on assets (EBIT) −23.3% · Operating margin −5,985% · Free cash flow −₹645M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 22% below its 52-week high and 220% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Other peers we cover trades at −10% fair-value upside, at 142%, 519031 screens cheaper than that median.
Fair Value models
Bear ₹596.73Fair Value ₹795.63Bull ₹994.54
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 2026 figures (about 6 months old). Earnings retained since then (₹0.9224 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.41/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+5.3%
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.
+114.8%
Start year 2021 (pandemic). Over 10 years: −2.5% 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.
+0.5%
’14
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’16
’17
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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.
−574.0% (2021) → −6.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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.Other · 114 stocks
Beats the industry median on 4/6 measures
Overall it ranks above its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside+142.1% · Top 25%
Profitability
Return on assets0.0% · Above median
Net margin (TTM)82.6% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Other median · lower = cheaper
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Is Shah Foods Limited (519031) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹795.63 versus a price of ₹328.70, about +142% upside (undervalued).
What is the fair value of 519031?
Our model-based fair value for Shah Foods Limited is ₹795.63 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹328.70.
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 price target for Shah Foods Limited (519031)?
Our model-based price target is the fair value of ₹795.63 (as of Sep 27, 2026) from 7 valuation models. Cautious scenario ₹596.73, optimistic scenario ₹994.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Shah Foods Limited stock forecast for 2026?
Our models put fair value at ₹795.63, about +142% upside versus a price of ₹328.70 (undervalued). Cautious scenario ₹596.73, optimistic scenario ₹994.54. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Shah Foods Limited (519031)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shah Foods Limited it is ₹795.63 per share (as of Sep 27, 2026), against a price of ₹328.70. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Shah Foods Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 519031 trades below its calculated fair value: price ₹328.70, fair value ₹795.63, a gap of about +142% (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 519031?
No. The price is what the market pays today (₹328.70); the fair value is what the company's own numbers justify (₹795.63). For Shah Foods Limited the two are ₹466.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shah Foods Limited worth?
The market values Shah Foods Limited at about ₹76.4M (market capitalisation, as of Sep 27, 2026). Per share that is ₹328.70; our models calculate a fair value of ₹795.63 per share.
What do the bullish and bearish scenarios say about 519031?
Our models span a range for Shah Foods Limited: cautious scenario ₹596.73, base ₹795.63, optimistic ₹994.54 per share (as of Sep 27, 2026, price ₹328.70). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 519031?
Shah Foods Limited trades at a price-to-earnings ratio of 70.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹795.63 is built from several models across several years.
How solid is the balance sheet of Shah Foods Limited (519031)?
Balance-sheet figures for Shah Foods Limited (as of Sep 27, 2026): debt of 0.03 per unit of equity. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is 519031 from its 52-week high?
Shah Foods Limited trades at ₹328.70, about 22% below its 52-week high of ₹422.95 and 220% above the low of ₹102.60 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹795.63 is for.
Which stocks are comparable to Shah Foods Limited?
From the same area (Other) we also value 542772, 590024, Indiabulls Real Estate Limited, 542851, 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 Shah Foods Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹328.70, calculated fair value ₹795.63 (+142%), Quality Score 22/100, from 7 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 519031 calculated?
We run Shah Foods Limited through 7 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 ₹795.63, 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. Shah Foods Limited currently trades 59 % 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 Shah Foods Limited (519031)?
The closing price on Oct 1, 2026 was ₹328.70. Our model-based fair value is ₹795.63, about +142% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shah Foods Limited right 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. 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 Shah Foods Limited
How large is the market capitalisation of Shah Foods Limited (519031)?
The market capitalisation of Shah Foods Limited is ₹76.4M (≈ $793K). 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 Shah Foods Limited (519031)?
The price-to-sales ratio of Shah Foods Limited is 58.3 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shah Foods Limited (519031)?
Earnings per share at Shah Foods Limited are ₹1.81 (price ÷ EPS = P/E 70.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shah Foods Limited (519031)?
The net margin of Shah Foods Limited is 82.6% (fiscal year 2026). 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 Shah Foods Limited (519031)?
On an EBIT basis the return on assets of Shah Foods Limited is −23.3% (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 Shah Foods Limited (519031)?
The operating margin of Shah Foods Limited is −5,985% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Shah Foods Limited (519031) generate?
The free cash flow of Shah Foods Limited is −₹645M (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 Shah Foods Limited (519031) carry?
The net debt of Shah Foods Limited is ₹275M (fiscal year 2026). 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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