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HOV Services Limited (532761) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of HOV Services Limited ₹28.61, price ₹41.69, upside -31.4%, quality 64 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? Yes
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Technology · IN · ISIN INE596H01014

HS Thin data Oct 2, 2026

HOV Services Limited

532761 · BSE

Overvalued / MonitorQuality is not strong enough to offset the price risk.

!Fair value ₹28.61 · Overvalued (−31.4%)
✓Quality 64/100
!Expensive Growth (revenue 5y +15.4 %/yr)
!Thin margins · 5.6% net margin (TTM)
✓Low debt
!Moderate moat 59/100
!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

₹109.82 ₹29.41 Fair Value ₹28.61 Mar 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.

How to read this chart

60‑month range ₹29.41 – ₹109.82 · fair‑value band ₹20.03 – ₹37.19 · the ₹41.69 price screens above the ₹28.61 fair value. Dashed = 300-day average. As of Oct 2, 2026.

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Company profile

HOV Services Limited, together with its subsidiaries, provides software and information technology enabled services in India and internationally. It offers software development, maintenance, and support services; BPO services; and data entry services. The company was founded in 1989 and is headquartered in Pune, India.

Stock analysis

HOV Services Limited (532761) currently trades at ₹41.69, while our model-based Fair Value estimate is ₹28.61, 31.4% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ₹77.87 per share, and 8 of the 15 models we run sit above the ₹41.69 price.

Bear case: the Economic Profit group reads lowest at ₹15.78, and 7 of the 15 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹20.03 (bear) to ₹37.19 (bull), the price of ₹41.69 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 64/100 (solid quality), in the Technology sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

HOV Services Limited reported revenue of ₹225M in FY2025 versus ₹96.6M in FY2021, a compound +23.5%/yr. Reported net income was ₹42.2M in FY2025, compounding +13.2%/yr from FY2021.

Key figures

Market cap ₹525M (≈ $5.5M) · P/E ratio 31.5 · P/S ratio 5.91 · EPS (TTM) ₹0.4600 · Net margin 18.8% · Return on assets (EBIT) 4.3% · Operating margin 23.9% · Revenue (TTM) ₹104M.

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 48% below its 52-week high and at 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 −31%, 532761 screens richer than that median.

Fair Value models

Bear ₹20.03 Fair Value ₹28.61 Bull ₹37.19
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 2025 figures (about 12 months old). Earnings retained since then (₹0.4600 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.
Highest evidence
Owner Earnings ₹48.42 ₹77.87 ₹123.22 75
EPV ₹13.65 ₹15.78 ₹17.62 74
ROIC Compounder ₹13.65 ₹15.78 ₹17.62 72
All 15 models by family
DCF Models
Owner Earnings ₹48.42 ₹77.87 ₹123.22 75
Earnings-Based
Graham-Dodd ₹22.78 ₹83.78 ₹113.14 64
Lynch FV ₹20.03 ₹28.61 ₹37.19 61
PEG = 1.0 ₹20.03 ₹28.61 ₹37.19 57
EPV ₹13.65 ₹15.78 ₹17.62 74
Multiples
P/E Multiple ₹70.35 ₹93.80 ₹117.24 63
P/S Multiple ₹42.71 ₹56.95 ₹71.18 58
P/B Multiple ₹42.71 ₹56.95 ₹71.18 55
EV/EBIT ₹38.52 ₹51.32 ₹64.11 66
EV/EBITDA ₹41.67 ₹55.51 ₹69.36 67
EV/Revenue ₹19.55 ₹27.86 ₹36.18 53
Asset-Based
NCAV (Graham) ₹11.90 ₹15.94 ₹23.79 54
Economic Profit
Residual Income ₹22.93 ₹28.52 ₹41.91 70
ROIC Compounder ₹13.65 ₹15.78 ₹17.62 72
Growth Earnings
Growth-Adj P/E ₹45.17 ₹64.52 ₹83.88 67

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Quality Score breakdown

Overall quality 64/100

Of which business quality 56 · Market factors (momentum, volatility) 12

Profitability 49
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 81
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. 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+39.4%
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.
+30.7%
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.
+15.4%
Start year 2020 (pandemic). Over 10 years: +3.2% 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.
+4.5%
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.
≈ −2.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
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.20% → 12%
⚠ Approximate: the rate leans on 2022, which sits 220% above its own trend.

532761 screens overvalued: fair value 31% 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 · 463 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 64 · Above median
Fair Value upside −31.4% · Below median
Profitability
Return on assets 0.0% · Bottom 25%
Net margin (TTM) 5.6% · Above median
Operating margin (TTM) 23.9% · Top 25%
Growth and dividend
Revenue growth −18.0% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (TTM) 31.5× · Pricier than median
P/B 1.75× · Cheaper than median
P/S (TTM) 5.04× · Priciest 25%
EV/EBITDA 19.5× · Priciest 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). "HOV Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/532761

Frequently asked questions

Is HOV Services Limited (532761) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹28.61 versus a price of ₹41.69, about −31% upside (overvalued).
What is the fair value of 532761?
Our model-based fair value for HOV Services Limited is ₹28.61 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹41.69.
What is the quality score of 532761?
HOV Services Limited has a Quality Score of 64/100. 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 HOV Services Limited (532761)?
Our model-based price target is the fair value of ₹28.61 (as of Oct 2, 2026) from 15 valuation models. Cautious scenario ₹20.03, optimistic scenario ₹37.19. It is a calculation from audited fundamentals, not an analyst target.
What is the HOV Services Limited stock forecast for 2026?
Our models put fair value at ₹28.61, about −31% upside versus a price of ₹41.69 (overvalued). Cautious scenario ₹20.03, optimistic scenario ₹37.19. The calculation is refreshed regularly with new filings.
What is the revenue of HOV Services Limited (532761)?
HOV Services Limited reported trailing-twelve-month revenue of about ₹104M (latest available figure, as of Oct 2, 2026).
What is the intrinsic value of HOV Services Limited (532761)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HOV Services Limited it is ₹28.61 per share (as of Oct 2, 2026), against a price of ₹41.69. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is HOV Services Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 532761 trades above its calculated fair value: price ₹41.69, fair value ₹28.61, a gap of about −31% (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 532761?
No. The price is what the market pays today (₹41.69); the fair value is what the company's own numbers justify (₹28.61). For HOV Services Limited the two are ₹13.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is HOV Services Limited worth?
The market values HOV Services Limited at about ₹525M (market capitalisation, as of Oct 2, 2026). Per share that is ₹41.69; our models calculate a fair value of ₹28.61 per share.
What do the bullish and bearish scenarios say about 532761?
Our models span a range for HOV Services Limited: cautious scenario ₹20.03, base ₹28.61, optimistic ₹37.19 per share (as of Oct 2, 2026, price ₹41.69). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 532761?
HOV Services Limited trades at a price-to-earnings ratio of 31.5 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹28.61 is built from several models across several years. Other multiples: P/B 1.8, P/S 5.0, EV/EBITDA 19.5.
How far is 532761 from its 52-week high?
HOV Services Limited trades at ₹41.69, about 48% below its 52-week high of ₹80.48 and at the low of ₹41.69 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹28.61 is for.
Which stocks are comparable to HOV Services 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 HOV Services Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹41.69, calculated fair value ₹28.61 (−31%), Quality Score 64/100, from 15 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 532761 calculated?
We run HOV Services Limited through 15 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 ₹28.61, 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. HOV Services 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 HOV Services Limited (532761)?
The closing price on Oct 1, 2026 was ₹41.69. Our model-based fair value is ₹28.61, about −31% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HOV Services Limited right now?
The price sits above even our optimistic bull case (₹37.19). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹20.03 to ₹37.19) leaves room in how you read the outcome.

Key figures of HOV Services Limited

How large is the market capitalisation of HOV Services Limited (532761)?
The market capitalisation of HOV Services Limited is ₹525M (≈ $5.5M). 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 HOV Services Limited (532761)?
The price-to-sales ratio of HOV Services Limited is 5.91 (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 HOV Services Limited (532761)?
Earnings per share at HOV Services Limited are ₹0.4600 (price ÷ EPS = P/E 31.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HOV Services Limited (532761)?
The net margin of HOV Services Limited is 18.8% (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 HOV Services Limited (532761)?
On an EBIT basis the return on assets of HOV Services Limited is 4.3% (avg 2y). 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 HOV Services Limited (532761)?
The operating margin of HOV Services Limited is 23.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HOV Services Limited (532761)?
Revenue at HOV Services Limited is growing −18.0% versus a year earlier (3y avg +30.7%). 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 HOV Services Limited (532761)?
Earnings per share at HOV Services Limited are growing −25.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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