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AAA Technologies Limited (AAATECH) Fair Value & Analysis

Technology · IN · Market cap ₹1.2B

AT AAA Technologies Limited AAATECH · NSE
Price₹94.54
Fair Value₹27.34
Upside-71.1%
Quality61/100
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Mixed Growth
Solidly profitable · 10.1% net margin
Low debt · generates free cash flow
Trails peers (4/14)
Narrow moat 32/100
Evidence: High Range ₹20.51 – ₹34.18 Share as image

Fair value as of: Aug 2, 2026

From 26 valuation models · updated 11 days ago

Share price −0.5% over the past month.

A solid business, but screening 71% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹34.18). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹143.49 ₹26.74 Fair Value ₹27.34 Oct 2020 Aug 2026

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

How to read this chart

60‑month range ₹26.74 – ₹143.49 · fair‑value band ₹20.51 – ₹34.18 · the ₹94.54 price screens above the ₹27.34 fair value. Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

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Analysis

AAA Technologies Limited (AAATECH) currently trades at ₹94.54, while our model-based Fair Value estimate is ₹27.34, implying the stock looks roughly 71.1% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, AAA Technologies Limited generated revenue of ₹204M at a net margin of 10.1%. Revenue declined 68.1% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of ₹66.0M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹20.51 (bear case) to ₹34.18 (bull case); at ₹94.54, the current price sits above 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 30% below its 52-week high and 25% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -25% fair-value upside, at -71%, AAATECH screens richer 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 DCF ₹35.33 ₹46.73 ₹60.90 80
Residual Income ₹18.48 ₹19.13 ₹18.97 76
Rev-Margin DCF ₹22.55 ₹29.03 ₹36.63 74
All 26 models by family
DCF Models
FCF DCF ₹35.11 ₹48.19 ₹65.49 38
Owner Earnings ₹22.47 ₹30.04 ₹40.05 31
5Y Revenue Exit ₹22.55 ₹28.53 ₹35.64 39
5Y EBITDA Exit ₹23.84 ₹30.94 ₹38.79 41
5Y P/E Exit ₹29.93 ₹42.26 ₹54.92 38
10Y Revenue Exit ₹27.22 ₹33.57 ₹41.28 36
10Y EBITDA Exit ₹28.21 ₹35.09 ₹43.45 37
10Y P/E Exit ₹31.75 ₹42.25 ₹54.65 35
Earnings-Based
Graham-Dodd ₹10.94 ₹33.24 ₹44.11 54
Lynch FV ₹7.12 ₹10.16 ₹13.21 50
PEG = 1.0 ₹7.12 ₹10.16 ₹13.21 46
EPV ₹9.31 ₹9.88 ₹10.35 59
Dividend Discount
Gordon GGM ₹11.65 ₹21.00 ₹28.91 70
DDM Multi-Stage ₹11.65 ₹17.94 ₹22.43 61
Multiples
P/E Multiple ₹24.12 ₹32.17 ₹40.21 63
P/S Multiple ₹20.51 ₹27.34 ₹34.18 58
P/B Multiple ₹20.51 ₹27.34 ₹34.18 55
EV/EBIT ₹19.21 ₹23.90 ₹28.58 53
EV/EBITDA ₹17.75 ₹21.95 ₹26.15 54
EV/Revenue ₹14.62 ₹18.69 ₹22.75 43
Asset-Based
NCAV (Graham) ₹12.07 ₹16.17 ₹24.14 50
Growth DCF
Growth DCF ₹35.33 ₹46.73 ₹60.90 80
Rev-Margin DCF ₹22.55 ₹29.03 ₹36.63 74
Economic Profit
Residual Income ₹18.48 ₹19.13 ₹18.97 76
ROIC Compounder ₹9.31 ₹9.88 ₹10.35 72
Growth Earnings
Growth-Adj P/E ₹19.89 ₹28.41 ₹36.93 68

Widest divergence: DCF Models (₹33.57) versus Economic Profit (₹9.88). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹204M
Revenue growth (YoY) -68.1%
Net margin 10.1%
Return on equity 6.7%
Free cash flow ₹41.2M FY2026
P/E ratio 59.3
More key figures
Operating margin -30.2%
EPS (TTM) ₹1.61
EPS growth (YoY) -18.6%
Net cash ₹66.0M FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 65 · Market factors (momentum, volatility) 46

Profitability 36
Margins and returns on capital today
Quality Growth 1
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 79
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 82
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

AAA Technologies Limited engages in the provision of IS audit, information security audit, cyber security audit, IT assurance and compliance, and IT governance services in India.

Full company description

AAA Technologies Limited engages in the provision of IS audit, information security audit, cyber security audit, IT assurance and compliance, and IT governance services in India. The company offers IT systems audit services, such as operating system, firewall, forensic, web application, ATM, internet banking, performance, database, IDS, networking, data center, ERP, core banking, application systems and functional review, data migration, mobile penetration testing, vulnerability assessment and penetration testing, compliance with is policies and procedure, and compliance with various regulatory requirements. It also provides cyber security audit services, including protection of sensitive data and intellectual property; protection of networks; and responsibility and accountability for the device and information contained in it. In addition, the company offers IT assurance and compliance services comprising business continuity planning; computer crime investigations; training in information technology; and compliance with IS policies and procedures. It serves clients in the banking, insurance, financial institutions, NBFCs, regulatory bodies, government, municipalities, corporations, payment gateways, stockbrokers, education, travel and transport, hospitality, manufacturing and engineering, infrastructure, healthcare, information technology, IT enabled services, ports, power, trading corporations, entertainment, e-tendering, defense, and refinery industries. AAA Technologies Limited was incorporated in 2000 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AAA Technologies Limited reported revenue of ₹204M in FY2026 versus ₹144M in FY2022, a compound +9.1%/yr. Reported net income was ₹20.6M in FY2026, compounding −3.1%/yr from FY2022.

Growth Quality 87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹204M
Latest YoY
−19.9%
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.
−4.0%
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.
+13.1%
Avg. growth/yr (9Y) 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.
+5.8%
Revenue +9.1%/yr
FY22 ₹144M
FY23 ₹230M
FY24 ₹238M
FY25 ₹255M
FY26 ₹204M
Net income −3.1%/yr
FY22 ₹23.4M
FY23 ₹28.7M
FY24 ₹32.1M
FY25 ₹35.1M
FY26 ₹20.6M

AAATECH screens 71% overvalued. Compare with International Business Machines Corporation →

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Cite: Fair Value Calculator (2026). "AAA Technologies Limited Fair Value". https://www.fairvalue-calculator.com/stock/AAATECH

Peer Group

Information Technology Services · 481 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 61 · Above median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 7% · Below median
Return on assets 3% · Below median
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth -68% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 59.3× · Pricier than 75% of peers
P/B 3.96× · Pricier than 75% of peers
P/S (TTM) 6.01× · Pricier than 75% of peers
P/FCF 0.3× · Cheaper than median
EV/EBITDA 69.9× · 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 0 · sector 22
FUTURE 0 · sector 29
PAST 27 · sector 37
HEALTH 100 · sector 97
DIVIDEND 0 · sector 38

VALUE 0: the price sits above our fair-value range.

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 Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.92 $143.90 -39%
Accenture plc ACNN 2,460 MXN 250.95 MXN -90%
Infosys Limited INFY ₹1,156 ₹1,457 +26%
HCL Technologies Limited HCLTECH ₹1,204 ₹1,230 +2%
Wipro Limited WIPRO ₹178.43 ₹226.81 +27%
Tech Mahindra Limited TECHM ₹1,455 ₹1,086 -25%
Samsung SDS Co 018260 199,300 KRW 196,390 KRW -1%
Persistent Systems Limited PERSISTENT ₹5,059 ₹2,364 -53%
Hyundai Autoever Corporation 307950 393,000 KRW 133,088 KRW -66%
Coforge Limited COFORGE ₹1,541 ₹702.84 -54%

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Frequently asked questions

Is AAA Technologies Limited (AAATECH) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹27.34 versus a price of ₹94.54, about −71% (overvalued).
What is the fair value of AAATECH?
Our model-based fair value for AAA Technologies Limited is ₹27.34 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹94.54.
What is the quality score of AAATECH?
AAA Technologies Limited has a Quality Score of 61/100. 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 AAA Technologies Limited (AAATECH)?
AAA Technologies Limited reported trailing-twelve-month revenue of about ₹204M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of AAATECH?
The net profit margin of AAA Technologies Limited is about 10.1%, meaning it keeps roughly 10.1% 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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