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Prithvi Exchange (India) Limited (531688) Fair Value & Analysis

Other · IN · Market cap ₹172M

PE Prithvi Exchange (India) Limited 531688 · BSE
Price₹96.99
Fair Value₹259.47
Upside+167.5%
Quality47/100
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Expensive Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Ranks above peers (9/10)
Narrow moat 41/100
Evidence: High Range ₹194.60 – ₹324.33 Share as image

Fair value as of: Aug 13, 2026

From 17 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹270.09 to ₹259.47 (−3.9%) since Aug 11, 2026.

Below-average quality, screening 168% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹194.60). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

₹464.31 ₹16.01 Fair Value ₹259.47 Mar 2021 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 ₹16.01 – ₹464.31 · fair‑value band ₹194.60 – ₹324.33 · the ₹96.99 price screens below the ₹259.47 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

Prithvi Exchange (India) Limited (531688) currently trades at ₹96.99, while our model-based Fair Value estimate is ₹259.47, implying the stock looks roughly 167.5% undervalued today. The Quality Score stands at 47/100 (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: high), always confirm before acting.

The stock trades on a trailing P/E of 8.9 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹194.60 (bear case) to ₹324.33 (bull case); at ₹96.99, 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 about 45% below its 52-week high and 7% above its 52-week low. For context, the median of 10 Other peers we cover trades at -24% fair-value upside, at 168%, 531688 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 ₹208.65 ₹207.17 ₹178.97 76
ROIC Compounder ₹127.52 ₹135.03 ₹141.13 72
Gordon GGM ₹80.81 ₹135.35 ₹175.68 70
All 17 models by family
DCF Models
Owner Earnings ₹147.53 ₹227.21 ₹366.28 31
Earnings-Based
Graham-Dodd ₹100.54 ₹701.16 ₹983.98 54
Lynch FV ₹362.25 ₹517.49 ₹672.74 50
PEG = 1.0 ₹362.25 ₹517.49 ₹672.74 46
EPV ₹127.52 ₹135.03 ₹141.13 59
Dividend Discount
Gordon GGM ₹80.81 ₹135.35 ₹175.68 70
DDM Multi-Stage ₹80.81 ₹128.38 ₹145.62 61
Multiples
P/E Multiple ₹188.52 ₹251.35 ₹314.19 63
P/S Multiple ₹188.52 ₹251.35 ₹314.19 58
P/B Multiple ₹188.52 ₹251.35 ₹314.19 55
EV/EBIT ₹224.77 ₹278.06 ₹331.35 53
EV/EBITDA ₹202.63 ₹248.54 ₹294.45 54
EV/Revenue ₹203.46 ₹262.83 ₹322.21 43
Asset-Based
NCAV (Graham) ₹149.36 ₹200.15 ₹298.73 50
Economic Profit
Residual Income ₹208.65 ₹207.17 ₹178.97 76
ROIC Compounder ₹127.52 ₹135.03 ₹141.13 72
Growth Earnings
Growth-Adj P/E ₹445.67 ₹636.66 ₹827.66 68

Widest divergence: Growth Earnings (₹636.66) versus Dividend Discount (₹128.38). Highest evidence: Residual Income (76).

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Key figures & financial health

Free cash flow −₹29.4M FY2026
P/E ratio 8.9 as of Jul 4, 2026
EPS (TTM) ₹2.35

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 7

Profitability 35
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 15
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 86
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

Prithvi Exchange (India) Limited engages in money exchange business in India. The company?s products and services include foreign currency drafts; outward remittances through DD, TT, and swift transfers; and the import and export of foreign currencies, as well as handling inward money transfer through various channels.

Full company description

Prithvi Exchange (India) Limited engages in money exchange business in India. The company?s products and services include foreign currency drafts; outward remittances through DD, TT, and swift transfers; and the import and export of foreign currencies, as well as handling inward money transfer through various channels. It also deals in travellers cheque; and offers travel insurance, international SIM cards, prepaid foreign currency cards, and cash against international credit cards. In addition, the company acts as an agent to receive money transfer through Western Union Money Transfer, Money Gram, and Xpress Money. It serves customers through 16 branches located in the states of Tamil Nadu, Karnataka, Andhra Pradesh, Gujarat, and Maharashtra. The company was formerly known as Prithvi Softech Limited and changed its name to Prithvi Exchange (India) Limited in December 2016. Prithvi Exchange (India) Limited was incorporated in 1995 and is based in Chennai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Prithvi Exchange (India) Limited reported revenue of ₹37.2B in FY2026 versus ₹15.2B in FY2022, a compound +25.1%/yr. Reported net income was ₹26.3M in FY2026, compounding +139.9%/yr from FY2022.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹37.2B
Latest YoY
+5.5%
Avg. growth/yr (3Y) 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.
+6.8%
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.
+37.5%
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.
+66.6%
Revenue +25.1%/yr
FY22 ₹15.2B
FY23 ₹30.5B
FY24 ₹41.6B
FY25 ₹35.2B
FY26 ₹37.2B
Net income +139.9%/yr
FY22 ₹793K
FY23 ₹46.3M
FY24 ₹131M
FY25 ₹80.2M
FY26 ₹26.3M

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Cite: Fair Value Calculator (2026). "Prithvi Exchange (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/531688

Peer Group

Other · 373 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 47 · Below median
Fair Value upside +168% · Top 25%
Return on assets 0% · Top 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 0% · Top 25%
Dividend yield (TTM) 12.0% · Top 25%

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 8.9× · Cheaper than median

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 9
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 100 · sector 97
DIVIDEND 100 · sector 31

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

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Dabur India Limited 500096 ₹413.80 ₹122.93 -70%
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Frequently asked questions

Is Prithvi Exchange (India) Limited (531688) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹259.47 versus a price of ₹96.99, about +168% (undervalued).
What is the fair value of 531688?
Our model-based fair value for Prithvi Exchange (India) Limited is ₹259.47 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹96.99.
What is the quality score of 531688?
Prithvi Exchange (India) Limited has a Quality Score of 47/100. 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 net profit margin of 531688?
The net profit margin of Prithvi Exchange (India) 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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