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Almondz Global Securities Limited (ALMONDZ) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Almondz Global Securities Limited stock ₹14.62, price ₹17.98, that is 18.7% below the price, quality 41 out of 100. Rating: overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

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Financial Services IN · ISIN INE326B01027

AG Almondz Global Securities Limited logo Thin data Nov 10, 2026

Almondz Global Securities Limited

ALMONDZ · NSE
Expensive, weak quality

Our calculation puts a fair price 19% below what the stock costs today.

Solidly profitable · 16.7% net margin (TTM)
Low debt
Last quarter vs. a year ago: revenue +43%, profit +70%.
Quality 41/100
Expensive Growth (revenue 5y +27.3 %/yr in INR)
Mixed vs. peers (5/12)
Moderate moat 54/100 · thin data
Fair value ₹14.62 · Overvalued
Negative free cash flow
Thin data
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What runs behind every stock

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

Price vs Fair Value

₹37.27 ₹9.90 Fair Value ₹14.62 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range ₹9.90 – ₹37.27 · fair‑value band ₹11.79 – ₹23.58 · the ₹17.98 price screens above the ₹14.62 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Almondz Global Securities Limited provides professional advisory and consultancy services in India.

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The company operates through Debt and Equity Market Operations, Corporate Finance/Advisory Fees, Wealth Advisory/Broking Activities, Finance Activities, Infrastructure Advisory, and Healthcare Services segments.

It offers merchant banking, underwriting commission, corporate and loan syndication, and debts/bonds arrangement services, as well as deals/trades in shares and bonds.

The company also provides broking and commission services for mutual funds, equity initial public offerings, capital gain bonds, government undertaking fixed deposits, and RBI taxable bonds, as well as stock and share broking services and other related ancillary services.

In addition, it grant loans; and advisory services in relation to infrastructure projects. Further, the company operates an eye-care hospitals.

Additionally, it provides private equity, M and A, infrastructure advisory, equity broking, wealth management, and debt portfolio management services and distribution; and technical and consultancy services in the areas of management, engineering, industrial, technical, and financial for infrastructure sectors.

The company also operates commodity trading platforms for retail and corporate investors; engages in the real estate and healhcare activities, as well as provision of diagnostic and treatment services for various eye disorders. The company was incorporated in 1994 and is based in New Delhi, India.

Almondz Global Securities Limited operates as a subsidiary of Avonmore Capital & Management Services Limited.

Stock analysis

Almondz Global Securities Limited (ALMONDZ) currently trades at ₹17.98, while our model-based Fair Value estimate is ₹14.62, 19% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of ₹31.08 per share, and 3 of the 7 models we run sit above the ₹17.98 price.

Bear case: the Asset-Based group reads lowest at ₹9.29, and 4 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: ₹11.79 (bear) to ₹23.58 (bull), the price of ₹17.98 sits inside 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 41/100 (below-average quality), in the Financial Services sector.

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

Almondz Global Securities Limited reported revenue of ₹1.7B in FY2026 versus ₹652M in FY2022, a compound +28.0%/yr. Reported net income was ₹278M in FY2026, compounding +10.6%/yr from FY2022.

Key figures

Market cap ₹3.3B (≈ $35.4M) Micro · P/E ratio 9.1 · P/S ratio 1.66 · EPS (TTM) ₹1.98 · Net margin 16.7% · Return on equity 10.7% · Return on assets (EBIT) 3.4% (5-year average) · Operating margin 18.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 54 out of 100 (low confidence).

What moves the price

The share trades about 16% below its 52-week high and 59% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 5% fair-value upside, at −19%, ALMONDZ screens richer than that median.

Fair Value models

Bear ₹11.79 Fair Value ₹14.62 Bull ₹23.58
Price ₹17.98 · Downside -18.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹1.23 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. Coverage ⓘCoverage = 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.
Best data coverage
Owner Earnings ₹7.97 ₹14.62 ₹24.82 74
Residual Income ₹11.79 ₹12.87 ₹15.28 71
Graham-Dodd ₹9.87 ₹45.21 ₹62.05 64
All 7 models by family
DCF Models
Owner Earnings ₹7.97 ₹14.62 ₹24.82 74
Earnings-Based
Graham-Dodd ₹9.87 ₹45.21 ₹62.05 64
Lynch FV ₹11.87 ₹16.95 ₹22.04 61
Multiples
P/E Multiple ₹14.15 ₹18.87 ₹23.58 63
P/B Multiple ₹14.55 ₹19.40 ₹24.25 55
Asset-Based
NCAV (Graham) ₹6.93 ₹9.29 ₹13.86 54
Economic Profit
Residual Income ₹11.79 ₹12.87 ₹15.28 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 41/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 45
How much profit the company makes from its sales and capital
Quality Growth 62
Are margins and returns getting better?
Cashflow 6
Do the profits arrive as real cash?
Financial strength 58
Debt, balance sheet and risk of trouble
Investment 65
Does it invest with discipline instead of growing at any price?
Low Volatility 51
How calm the share price moves, does not count
Price momentum 61
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 50
Distance to the 52-week high, does not count
New shares 9
Buys back shares or issues new ones?

Open the full quality analysis →

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. 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.1%
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.
+32.6%
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.
+27.3%
Start year 2021 (pandemic). Over 10 years: +14.2% a year
Revenue growth 20 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.
+6.2%
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.
−26.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−26.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−26.1% vs 0.2%, slowing
Profit margin 2021 to 2026 ⓘ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.11% → 9%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 7.2%/yr over ~10Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.

ALMONDZ screens overvalued: fair value 19% below the price. Compare with Morgan Stanley →

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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.Capital Markets · 454 stocks

Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 41 · Bottom 25%
Fair Value upside −18.7% · Below median
Profitability
Return on equity (12 months) 10.7% · Above median
Return on assets 7.2% · Top 25%
Net margin (12 months) 16.7% · Below median
Operating margin (12 months) 18.4% · Below median
Growth and dividend
Revenue growth (quarter YoY) 42.7% · Above median
Balance sheet
Debt / equity 0.17× · Above median

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (12 months) 9.1× · Cheaper than median
P/B 1.23× · Pricier than median
P/S (12 months) 1.66× · Cheaper than median
EV/EBITDA 9.6× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)8 · sector 31
FUTURE (revenue growth)100 · sector 56
PAST (return on equity)43 · sector 31
HEALTH (low debt)92 · sector 94
DIVIDEND (yield)0 · sector 45

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

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Almondz Global Securities Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Almondz Global Securities Limited Fair Value". https://www.fairvalue-calculator.com/stock/ALMONDZ

Frequently asked questions

Is Almondz Global Securities Limited (ALMONDZ) overvalued or undervalued?
As of Nov 10, 2026, our model estimates a fair value of ₹14.62 versus a price of ₹17.98, about 19% lower (overvalued).
What is the fair value of ALMONDZ?
Our model-based fair value for Almondz Global Securities Limited is ₹14.62 (as of Nov 10, 2026), built from audited fundamentals. The current price: ₹17.98.
What is the quality score of ALMONDZ?
Almondz Global Securities Limited has a Quality Score of 41/100. 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 Almondz Global Securities Limited (ALMONDZ)?
Our model-based price target is the fair value of ₹14.62 (as of Nov 10, 2026) from 7 valuation models. Cautious scenario ₹11.79, optimistic scenario ₹23.58. It is a calculation from audited fundamentals, not an analyst target.
What is the Almondz Global Securities Limited stock forecast for 2026?
Our models put fair value at ₹14.62, about 19% lower versus a price of ₹17.98 (overvalued). Cautious scenario ₹11.79, optimistic scenario ₹23.58. The calculation is refreshed regularly with new filings.
What is the revenue of Almondz Global Securities Limited (ALMONDZ)?
Almondz Global Securities Limited reported trailing-twelve-month revenue of about ₹2.0B (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Almondz Global Securities Limited (ALMONDZ)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Almondz Global Securities Limited it is ₹14.62 per share (as of Nov 10, 2026), against a price of ₹17.98. It is the blended result of 7 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Almondz Global Securities Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, ALMONDZ trades above its calculated fair value: price ₹17.98, fair value ₹14.62, a gap of about −19% (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 ALMONDZ?
No. The price is what the market pays today (₹17.98); the fair value is what the company's own numbers justify (₹14.62). For Almondz Global Securities Limited the two are ₹3.36 per share apart. That gap is exactly why we show both numbers side by side.
How much is Almondz Global Securities Limited worth?
The market values Almondz Global Securities Limited at about ₹3.3B (market capitalisation, as of Nov 10, 2026). Per share that is ₹17.98; our models calculate a fair value of ₹14.62 per share.
What do the bullish and bearish scenarios say about ALMONDZ?
Our models span a range for Almondz Global Securities Limited: cautious scenario ₹11.79, base ₹14.62, optimistic ₹23.58 per share (as of Nov 10, 2026, price ₹17.98). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALMONDZ?
Almondz Global Securities Limited trades at a price-to-earnings ratio of 9.1 (as of Nov 10, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹14.62 is built from several models across several years. Other multiples: P/B 1.2, P/S 1.7, EV/EBITDA 9.6.
How solid is the balance sheet of Almondz Global Securities Limited (ALMONDZ)?
Balance-sheet figures for Almondz Global Securities Limited (as of Nov 10, 2026): return on equity 10.7%, debt of 0.17 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is ALMONDZ from its 52-week high?
Almondz Global Securities Limited trades at ₹17.98, about 16% below its 52-week high of ₹21.38 and 59% above the low of ₹11.33 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹14.62 is for.
Which stocks are comparable to Almondz Global Securities Limited?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Almondz Global Securities Limited stock attractive at the current price?
The data as of Nov 10, 2026: price ₹17.98, calculated fair value ₹14.62 (−19%), Quality Score 41/100, from 7 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 ALMONDZ calculated?
We run Almondz Global Securities Limited through 7 models from 5 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of ₹14.62 builds on their evidence-weighted average, 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 14.0% above its aggregate fair value. Almondz Global Securities 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 Almondz Global Securities Limited (ALMONDZ)?
The closing price on Nov 11, 2026 was ₹17.98. Our model-based fair value is ₹14.62, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Almondz Global Securities Limited right now?
Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts. A fairly wide model range (₹11.79 to ₹23.58) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Almondz Global Securities Limited

How large is the market capitalisation of Almondz Global Securities Limited (ALMONDZ)?
The market capitalisation of Almondz Global Securities Limited is ₹3.3B (≈ $35.4M). 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 Almondz Global Securities Limited (ALMONDZ)?
The price-to-sales ratio of Almondz Global Securities Limited is 1.66 (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 Almondz Global Securities Limited (ALMONDZ)?
Earnings per share at Almondz Global Securities Limited are ₹1.98 (price ÷ EPS = P/E 9.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Almondz Global Securities Limited (ALMONDZ)?
The net margin of Almondz Global Securities Limited is 16.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Almondz Global Securities Limited (ALMONDZ)?
The return on equity (ROE) of Almondz Global Securities Limited is 10.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Almondz Global Securities Limited (ALMONDZ)?
On an EBIT basis the return on assets of Almondz Global Securities Limited is 3.4% (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 Almondz Global Securities Limited (ALMONDZ)?
The operating margin of Almondz Global Securities Limited is 18.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Almondz Global Securities Limited (ALMONDZ)?
Revenue at Almondz Global Securities Limited is growing +42.7% versus a year earlier (3y avg +32.6%). 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 Almondz Global Securities Limited (ALMONDZ)?
Earnings per share at Almondz Global Securities Limited are growing +70.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Almondz Global Securities Limited (ALMONDZ) generate?
The free cash flow of Almondz Global Securities Limited is −₹61.4M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Almondz Global Securities Limited (ALMONDZ) carry?
The net debt of Almondz Global Securities Limited is ₹431M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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