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FCS Software Solutions Limited (532666) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of FCS Software Solutions Limited ₹0.32, price ₹1.38, upside -76.8%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Technology · IN · ISIN INE512B01022

FS Thin data Sep 24, 2026

FCS Software Solutions Limited

532666 · BSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹0.3200 · Strongly overvalued (−76.8%)
!Quality 44/100
!Weak Growth (revenue 5y −0.4 %/yr)
!Loss over the last twelve months · -53.1% net margin (TTM) · fiscal year 2025 10.2%
✓Low debt
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹8.64 ₹1.04 Fair Value ₹0.3200 May 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range ₹1.04 – ₹8.64 · fair‑value band ₹0.2500 – ₹0.3900 · the ₹1.38 price screens above the ₹0.3200 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

FCS Software Solutions Limited engages in the provision of software development and marketing, and support services to corporate business entities in the BPO, software development, and e-learning service sector in India and the United States.

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FCS Software Solutions Limited engages in the provision of software development and marketing, and support services to corporate business entities in the BPO, software development, and e-learning service sector in India and the United States. The company offers IT consulting services, including application development and maintenance, portals, mobile apps, product development, SaaS, open source platforms and applications, predictive data sciences, big data analytics, and automation services; IT infra management services, such as colocation data centers, virtualization, system and networks support, plug and play infrastructure provisioning, WAN, IP based voice, and cyber security; and IT enabled services comprising multilingual helpdesk for technical and user support, business process outsourcing, and surveys, as well as learning solutions, such as content aggregation, learning management systems, portals, and assessments. It also provides consulting; and incubator services for startups. FCS Software Solutions Limited was incorporated in 1993 and is based in Noida, India.

Stock analysis

FCS Software Solutions Limited (532666) currently trades at ₹1.38, while our model-based Fair Value estimate is ₹0.3200, 76.8% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Asset-Based group reads highest at a median of ₹1.71 per share, and 2 of the 21 models we run sit above the ₹1.38 price.

Bear case: the Earnings-Based group reads lowest at ₹0.1600, and 19 of the 21 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹0.2500 (bear) to ₹0.3900 (bull), the price of ₹1.38 sits above 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 44/100 (below-average quality), in the Technology sector.

Weak Growth: Revenue growth is weak: less than 2 % a year.

FCS Software Solutions Limited reported revenue of ₹365M in FY2025 versus ₹341M in FY2021, a compound +1.8%/yr. Reported net income was ₹37.3M in FY2025.

Key figures

Market cap ₹620M (≈ $6.4M) · P/S ratio 1.63 · EPS (TTM) ₹−0.8180 · Net margin 10.2% · Return on assets (EBIT) −1.1% · Operating margin −41.3% · Revenue (TTM) ₹381M · Revenue growth (YoY) +8.9%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 45% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 44% fair-value upside, at −77%, 532666 screens richer than that median.

Fair Value models

Bear ₹0.2500 Fair Value ₹0.3200 Bull ₹0.3900
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. 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.
Highest evidence
FCF DCF ₹0.2300 ₹0.2900 ₹0.3900 81
Growth DCF ₹0.2400 ₹0.3000 ₹0.3800 79
5Y EBITDA Exit ₹0.3500 ₹0.5100 ₹0.7100 75
All 21 models by family
DCF Models
FCF DCF ₹0.2300 ₹0.2900 ₹0.3900 81
5Y Revenue Exit ₹0.2100 ₹0.2600 ₹0.3300 74
5Y EBITDA Exit ₹0.3500 ₹0.5100 ₹0.7100 75
5Y P/E Exit ₹0.3800 ₹0.5500 ₹0.7700 70
10Y Revenue Exit ₹0.2100 ₹0.2500 ₹0.2900 68
10Y EBITDA Exit ₹0.3000 ₹0.4000 ₹0.5100 69
10Y P/E Exit ₹0.3200 ₹0.4300 ₹0.5400 65
Earnings-Based
Graham-Dodd ₹0.1500 ₹0.1800 ₹0.2000 67
EPV ₹0.1500 ₹0.1600 ₹0.1700 74
Multiples
P/E Multiple ₹0.4600 ₹0.6100 ₹0.7600 63
P/S Multiple ₹0.2800 ₹0.3700 ₹0.4600 58
P/B Multiple ₹0.2800 ₹0.3700 ₹0.4600 55
EV/EBIT ₹0.3100 ₹0.3800 ₹0.4600 66
EV/EBITDA ₹0.4800 ₹0.6200 ₹0.7500 67
EV/Revenue ₹0.2000 ₹0.2400 ₹0.2900 54
Asset-Based
NCAV (Graham) ₹1.27 ₹1.71 ₹2.55 54
Growth DCF
Growth DCF ₹0.2400 ₹0.3000 ₹0.3800 79
Rev-Margin DCF ₹0.2100 ₹0.2600 ₹0.3300 74
Economic Profit
Residual Income ₹1.72 ₹1.62 ₹1.56 71
ROIC Compounder ₹0.1500 ₹0.1600 ₹0.1700 72
Growth Earnings
Growth-Adj P/E ₹0.3200 ₹0.4600 ₹0.6000 67

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Quality Score breakdown

Overall quality 44/100

Of which business quality 47 · Market factors (momentum, volatility) 36

Profitability 20
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 44
Balance sheet, leverage, solvency risk
Investment 40
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 30/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−0.4%
Revenue growth 3 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.
+1.8%
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.
−0.4%
Start year 2020 (pandemic). Over 10 years: −7.1% a year
Revenue growth 11 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.
−11.1%
What shareholders gained per year (last 3 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 3 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.
+36.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+36.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.−63% → 6%

532666 screens overvalued: fair value 77% below the price. Compare with International Business Machines Corporation →

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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.Information Technology Services · 460 stocks

Beats the industry median on 2/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 44 · Bottom 25%
Fair Value upside −75.9% · Bottom 25%
Profitability
Return on assets 0.0% · Bottom 25%
Net margin (TTM) −53.1% · Bottom 25%
Operating margin (TTM) −41.3% · Bottom 25%
Growth and dividend
Revenue growth 8.9% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/S (TTM) 0.02× · Cheapest 25%

Context: sector, industry, market

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $219.93 $186.56 −15%
Accenture plc ACN $183.37 $305.06 +66%
Tata Consultancy Services Limited TCS ₹2,082 ₹2,993 +44%
Infosys Limited INFY ₹994.10 ₹1,691 +70%
HCL Technologies Limited HCLTECH ₹1,243 ₹1,926 +55%
Cognizant Technology Solutions Corporation CTSH $56.84 $138.62 +144%
Amadeus IT Group AMS €52.80 €65.98 +25%
Broadridge Financial Solutions, Inc BR $161.15 $159.88 −1%
Fidelity National Information Services, Inc FIS $33.35 $32.72 −2%
CDW Corporation CDW $129.71 $165.54 +28%

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Cite: Fair Value Calculator (2026). "FCS Software Solutions Limited Fair Value". https://www.fairvalue-calculator.com/stock/532666

Frequently asked questions

Is FCS Software Solutions Limited (532666) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹0.3200 versus a price of ₹1.38, about −77% upside (overvalued).
What is the fair value of 532666?
Our model-based fair value for FCS Software Solutions Limited is ₹0.3200 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹1.38.
What is the quality score of 532666?
FCS Software Solutions Limited has a Quality Score of 44/100. 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 FCS Software Solutions Limited (532666)?
Our model-based price target is the fair value of ₹0.3200 (as of Sep 24, 2026) from 21 valuation models. Cautious scenario ₹0.2500, optimistic scenario ₹0.3900. It is a calculation from audited fundamentals, not an analyst target.
What is the FCS Software Solutions Limited stock forecast for 2026?
Our models put fair value at ₹0.3200, about −77% upside versus a price of ₹1.38 (overvalued). Cautious scenario ₹0.2500, optimistic scenario ₹0.3900. The calculation is refreshed regularly with new filings.
What is the revenue of FCS Software Solutions Limited (532666)?
FCS Software Solutions Limited reported trailing-twelve-month revenue of about ₹381M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of FCS Software Solutions Limited (532666)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For FCS Software Solutions Limited it is ₹0.3200 per share (as of Sep 24, 2026), against a price of ₹1.38. It is the blended result of 21 valuation models (cash flow, earnings, asset, dividend).
Is FCS Software Solutions Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 532666 trades above its calculated fair value: price ₹1.38, fair value ₹0.3200, a gap of about −77% (overvalued). 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 532666?
No. The price is what the market pays today (₹1.38); the fair value is what the company's own numbers justify (₹0.3200). For FCS Software Solutions Limited the two are ₹1.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is FCS Software Solutions Limited worth?
The market values FCS Software Solutions Limited at about ₹620M (market capitalisation, as of Sep 24, 2026). Per share that is ₹1.38; our models calculate a fair value of ₹0.3200 per share.
What do the bullish and bearish scenarios say about 532666?
Our models span a range for FCS Software Solutions Limited: cautious scenario ₹0.2500, base ₹0.3200, optimistic ₹0.3900 per share (as of Sep 24, 2026, price ₹1.38). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 532666 from its 52-week high?
FCS Software Solutions Limited trades at ₹1.38, about 45% below its 52-week high of ₹2.53 and 17% above the low of ₹1.18 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.3200 is for.
Which stocks are comparable to FCS Software Solutions Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 FCS Software Solutions Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹1.38, calculated fair value ₹0.3200 (−77%), Quality Score 44/100, from 21 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 532666 calculated?
We run FCS Software Solutions Limited through 21 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 ₹0.3200, 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. FCS Software Solutions 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 FCS Software Solutions Limited (532666)?
The closing price on Oct 1, 2026 was ₹1.38. Our model-based fair value is ₹0.3200, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with FCS Software Solutions Limited right now?
The price sits above even our optimistic bull case (₹0.3900). The favourable scenario is already priced in. Weak quality (44/100) and above fair value at the same time, the margin of safety is missing on both counts. 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 FCS Software Solutions Limited

How large is the market capitalisation of FCS Software Solutions Limited (532666)?
The market capitalisation of FCS Software Solutions Limited is ₹620M (≈ $6.4M). 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 FCS Software Solutions Limited (532666)?
The price-to-sales ratio of FCS Software Solutions Limited is 1.63 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of FCS Software Solutions Limited (532666)?
Earnings per share at FCS Software Solutions Limited are ₹−0.8180. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of FCS Software Solutions Limited (532666)?
The net margin of FCS Software Solutions Limited is 10.2% (fiscal year 2025). 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 FCS Software Solutions Limited (532666)?
On an EBIT basis the return on assets of FCS Software Solutions Limited is −1.1% (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 FCS Software Solutions Limited (532666)?
The operating margin of FCS Software Solutions Limited is −41.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at FCS Software Solutions Limited (532666)?
Revenue at FCS Software Solutions Limited is growing +8.9% versus a year earlier (3y avg +1.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
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