Redex Protech Limited (523650) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Redex Protech Limited ₹38.07, price ₹40.00, upside -4.8%, quality 32 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 ₹6.10 – ₹67.07 · fair‑value band ₹28.56 – ₹47.59 · the ₹40.00 price screens above the ₹38.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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Redex Protech Limited engages in the fire extinguisher equipment business in India. It offers smoke alarms, smoke detectors, and related services, as well as extinguisher refilling and labor services. The company was incorporated in 1991 and is based in Ahmedabad, India.
Stock analysis
Redex Protech Limited (523650) currently trades at ₹40.00, while our model-based Fair Value estimate is ₹38.07, so the stock looks roughly fairly valued today (gap 5.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹133.17 per share, and 7 of the 10 models we run sit above the ₹40.00 price.
Bear case: the Asset-Based group reads lowest at ₹13.69, and 3 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹28.56 (bear) to ₹47.59 (bull), the price of ₹40.00 sits inside 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 32/100 (below-average quality), in the Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Redex Protech Limited reported revenue of ₹13.8M in FY2026 versus ₹197K in FY2022, a compound +189.3%/yr. Reported net income was ₹17.7M in FY2026, compounding −32.6%/yr from FY2022.
Key figures
Market cap ₹54.4M (≈ $565K) · P/E ratio 13.9 · P/S ratio 17.8 · EPS (TTM) ₹0.5940 · Net margin 128% · Return on assets (EBIT) −3.6% · Operating margin 65.5% · Revenue (TTM) ₹8.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 48% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Services peers we cover trades at −30% fair-value upside, at −5%, 523650 screens cheaper than that median.
Fair Value models
Bear ₹28.56Fair Value ₹38.07Bull ₹47.59
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 (₹0.3027 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.49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+166.8%
Start year 2021 (pandemic). Over 10 years: +16.0% 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.
+13.1%
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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.
−38.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−38.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−38.7% vs 18.8%, slowing
Profit margin 2021 to 2026 ⓘ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.−2,897% → −113%
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 “Industrial Equipment Wholesale” was too small, so the broader sector is used.)Information Technology · 3529 stocks
Beats the sector median on 4/9 measures
A mixed picture versus its sector peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−4.8% · Above median
Profitability
Return on assets0.0% · Below median
Net margin (TTM)47.4% · Top 25%
Operating margin (TTM)65.5% · Top 25%
Growth and dividend
Revenue growth−67.4% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity1.48× · Highest 25%
Valuation Multiplesvs Information Technology 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.
Is Redex Protech Limited (523650) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹38.07 versus a price of ₹40.00, about −5% upside (fairly valued).
What is the fair value of 523650?
Our model-based fair value for Redex Protech Limited is ₹38.07 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹40.00.
What is the quality score of 523650?
Redex Protech Limited has a Quality Score of 32/100. 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 Redex Protech Limited (523650)?
Our model-based price target is the fair value of ₹38.07 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario ₹28.56, optimistic scenario ₹47.59. It is a calculation from audited fundamentals, not an analyst target.
What is the Redex Protech Limited stock forecast for 2026?
Our models put fair value at ₹38.07, about −5% upside versus a price of ₹40.00 (fairly valued). Cautious scenario ₹28.56, optimistic scenario ₹47.59. The calculation is refreshed regularly with new filings.
What is the revenue of Redex Protech Limited (523650)?
Redex Protech Limited reported trailing-twelve-month revenue of about ₹8.5M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Redex Protech Limited (523650)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Redex Protech Limited it is ₹38.07 per share (as of Sep 27, 2026), against a price of ₹40.00. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Redex Protech Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 523650 trades above its calculated fair value: price ₹40.00, fair value ₹38.07, a gap of about −5% (fairly valued). 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 523650?
No. The price is what the market pays today (₹40.00); the fair value is what the company's own numbers justify (₹38.07). For Redex Protech Limited the two are ₹1.93 per share apart. That gap is exactly why we show both numbers side by side.
How much is Redex Protech Limited worth?
The market values Redex Protech Limited at about ₹54.4M (market capitalisation, as of Sep 27, 2026). Per share that is ₹40.00; our models calculate a fair value of ₹38.07 per share.
What do the bullish and bearish scenarios say about 523650?
Our models span a range for Redex Protech Limited: cautious scenario ₹28.56, base ₹38.07, optimistic ₹47.59 per share (as of Sep 27, 2026, price ₹40.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 523650?
Redex Protech Limited trades at a price-to-earnings ratio of 13.9 (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 ₹38.07 is built from several models across several years.
How solid is the balance sheet of Redex Protech Limited (523650)?
Balance-sheet figures for Redex Protech Limited (as of Sep 27, 2026): debt of 1.48 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 523650 from its 52-week high?
Redex Protech Limited trades at ₹40.00, about 20% below its 52-week high of ₹50.13 and 48% above the low of ₹27.10 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹38.07 is for.
Which stocks are comparable to Redex Protech Limited?
From the same area (Services) we also value DLTNCBL, VADILENT, Oriental Veneer Products Limited, CHLOGIST, 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 Redex Protech Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹40.00, calculated fair value ₹38.07 (−5%), Quality Score 32/100, from 10 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 523650 calculated?
We run Redex Protech Limited through 10 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 ₹38.07, 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. Redex Protech 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 Redex Protech Limited (523650)?
The closing price on Oct 1, 2026 was ₹40.00. Our model-based fair value is ₹38.07, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Redex Protech Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Redex Protech Limited
How large is the market capitalisation of Redex Protech Limited (523650)?
The market capitalisation of Redex Protech Limited is ₹54.4M (≈ $565K). 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 Redex Protech Limited (523650)?
The price-to-sales ratio of Redex Protech Limited is 17.8 (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 Redex Protech Limited (523650)?
Earnings per share at Redex Protech Limited are ₹0.5940 (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Redex Protech Limited (523650)?
The net margin of Redex Protech Limited is 128% (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 Redex Protech Limited (523650)?
On an EBIT basis the return on assets of Redex Protech Limited is −3.6% (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 Redex Protech Limited (523650)?
The operating margin of Redex Protech Limited is 65.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Redex Protech Limited (523650)?
Revenue at Redex Protech Limited is growing −67.4% versus a year earlier (3y avg +471%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Redex Protech Limited (523650)?
Earnings per share at Redex Protech Limited are growing −16.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Redex Protech Limited (523650) generate?
The free cash flow of Redex Protech Limited is −₹318M (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 Redex Protech Limited (523650) carry?
The net debt of Redex Protech Limited is ₹368M (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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