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Redex Protech Limited (523650) Fair Value & Analysis

Services · IN · Market cap ₹54.4M

RP Redex Protech Limited 523650 · BSE
Price₹33.99
Fair Value₹38.07
Upside+12.0%
Quality32/100
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Mixed Growth
Highly profitable · 47.4% net margin
Moderate debt · negative free cash flow
Trails peers (5/13)
Wide moat 85/100
Evidence: Medium Range ₹28.56 – ₹47.59 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated 5 days ago

Below-average quality, screening 12% undervalued on our models.

What matters now

  • Our model range runs from ₹28.56 (bear) to ₹47.59 (bull), base ₹38.07. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 32/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹67.07 ₹4.83 Fair Value ₹38.07 Nov 2020 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 ₹4.83 – ₹67.07 · fair‑value band ₹28.56 – ₹47.59 · the ₹33.99 price screens below the ₹38.07 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Redex Protech Limited (523650) currently trades at ₹33.99, while our model-based Fair Value estimate is ₹38.07, implying the stock looks roughly 12.0% undervalued today. The Quality Score stands at 32/100 (below-average quality), in the Services 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.

Over the trailing twelve months, Redex Protech Limited generated revenue of ₹8.5M at a net margin of 47.4%. Revenue declined 67.4% year over year. Net debt stands at ₹368M. The stock trades on a trailing P/E of 13.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹28.56 (bear case) to ₹47.59 (bull case); at ₹33.99, the current price sits within 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 about 45% below its 52-week high and 22% above its 52-week low. For context, the median of 10 Services peers we cover trades at -25% fair-value upside, at 12%, 523650 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
Growth-Adj P/E ₹93.22 ₹133.17 ₹173.12 68
P/E Multiple ₹55.33 ₹73.78 ₹92.22 63
Residual Income ₹17.39 ₹19.50 ₹29.18 61
All 10 models by family
DCF Models
Owner Earnings ₹24.91 31
Earnings-Based
Graham-Dodd ₹17.92 ₹124.96 ₹175.36 54
Lynch FV ₹64.56 ₹92.22 ₹119.89 50
PEG = 1.0 ₹64.56 ₹92.22 ₹119.89 46
Multiples
P/E Multiple ₹55.33 ₹73.78 ₹92.22 63
P/S Multiple ₹8.47 ₹11.29 ₹14.12 58
P/B Multiple ₹33.60 ₹44.79 ₹55.99 55
Asset-Based
NCAV (Graham) ₹10.21 ₹13.69 ₹20.43 50
Economic Profit
Residual Income ₹17.39 ₹19.50 ₹29.18 61
Growth Earnings
Growth-Adj P/E ₹93.22 ₹133.17 ₹173.12 68

Widest divergence: Growth Earnings (₹133.17) versus Asset-Based (₹13.69). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) ₹8.5M
Revenue growth (YoY) -67.4%
Net margin 47.4%
Free cash flow −₹318M FY2026
P/E ratio 13.9 as of Jul 4, 2026
Operating margin 65.5%
More key figures
EPS (TTM) ₹0.5940
EPS growth (YoY) -16.7%
Net debt ₹368M FY2026

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

Quality Score breakdown

Overall quality 32/100

Of which business quality 24 · Market factors (momentum, volatility) 34

Profitability 38
Margins and returns on capital today
Quality Growth 89
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 31
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 21
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

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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 49/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹13.8M
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.
+166.8%
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.
+13.1%
Revenue +189.3%/yr
FY22 ₹197K
FY23 ₹74.0K
FY24 ₹27.5M
FY25 ₹2.7M
FY26 ₹13.8M
Net income −32.6%/yr
FY22 ₹85.9M
FY23 −₹8.0M
FY24 ₹7.6M
FY25 −₹44.6M
FY26 ₹17.7M

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Cite: Fair Value Calculator (2026). "Redex Protech Limited Fair Value". https://www.fairvalue-calculator.com/stock/523650

Peer Group

Information Technology · 3536 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 “Industrial Equipment Wholesale” was too small, so the broader sector is used.)

Quality Score 32 · Bottom 25%
Fair Value upside +12% · Above median
Return on assets 0% · Below median
Net margin (TTM) 47% · Top 25%
Operating margin (TTM) 65% · Top 25%
Revenue growth -67% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.48× · Higher than 75% of peers

Valuation Multiples vs Information Technology median · lower = cheaper

P/E (TTM) 13.9× · Cheaper than 75% of peers
P/B 0.40× · Cheaper than 75% of peers
P/S (TTM) 6.39× · Pricier than 75% of peers
EV/EBITDA 43.5× · 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 49 · sector 0
FUTURE 0 · sector 39
PAST 0 · sector 21
HEALTH 26 · sector 97
DIVIDEND 0 · sector 28

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.

Similar stocks

10 more Industrial Equipment Wholesale stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Saregama India Limited 532163 ₹531.35 ₹2,119 +299%
TAJGVK Hotels & Resorts Limited 532390 ₹337.95 ₹258.32 -24%
Entertainment Network (India) Limited 532700 ₹101.00 ₹48.39 -52%
Repro India Limited 532687 ₹327.45 ₹38.77 -88%
Allsec Technologies Limited 532633 ₹810.60 ₹605.57 -25%
Oriental Hotels Limited 500314 ₹126.45 ₹33.58 -73%

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Frequently asked questions

Is Redex Protech Limited (523650) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹38.07 versus a price of ₹33.99, about +12% (undervalued).
What is the fair value of 523650?
Our model-based fair value for Redex Protech Limited is ₹38.07 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹33.99.
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 revenue of Redex Protech Limited (523650)?
Redex Protech Limited reported trailing-twelve-month revenue of about ₹8.5M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 523650?
The net profit margin of Redex Protech Limited is about 47.4%, meaning it keeps roughly 47.4% 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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