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Almondz Global Securities Limited (ALMONDZ) Fair Value & Analysis

Financial Services · IN · Market cap ₹2.5B (≈ $26.4M) · ISIN INE326B01027

What is Almondz Global Securities Limited really worth?

AG Almondz Global Securities Limited ALMONDZ · BSE
Price₹17.76
Fair Value₹18.28
Upside+2.9%
Quality48/100

Below-average quality, currently priced close to our fair value of ₹18.28.

As of Aug 19, 2026, the fair value of Almondz Global Securities Limited is ₹18.28 per share against a price of ₹17.76, so the fair value sits 3% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Solidly profitable · 16.7% net margin

Risks

!Expensive Growth (revenue 5y +27.7 %/yr)
!Low debt · negative free cash flow
!Moderate moat 54/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹12.88 – ₹25.78

Fair value as of: Aug 19, 2026

From 7 valuation models · updated 18 days ago

Share price +22.1% over the past month.

What runs behind every stock

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

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹12.88 to ₹25.78) 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.

Price vs Fair Value (5 years)

₹37.06 ₹4.95 Fair Value ₹18.28 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹4.95 – ₹37.06 · fair‑value band ₹12.88 – ₹25.78 · the ₹17.76 price screens below the ₹18.28 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Almondz Global Securities Limited (ALMONDZ) currently trades at ₹17.76, while our model-based Fair Value estimate is ₹18.28, implying the stock looks roughly 2.8% fairly valued today. The Quality Score stands at 48/100 (below-average quality), in the Financial Services sector. Bull case: the DCF Models group reads highest at a median of ₹51.33 per share, and 5 of the 7 models we run sit above the ₹17.76 price. Bear case: the Asset-Based group reads lowest at ₹10.31, and 2 of the 7 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Almondz Global Securities Limited generated revenue of ₹2.0B at a net margin of 16.7%. Revenue grew 42.7% year over year. It earns a return on equity of 10.7%. Net debt stands at ₹391M. Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹12.88 (bear case) to ₹25.78 (bull case); at ₹17.76, the current price sits within 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 23% below its 52-week high and 61% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 3%, ALMONDZ screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹0.8320 per share, which is 6.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings ₹22.52 ₹51.33 ₹108.46 71
Residual Income ₹13.43 ₹14.93 ₹23.49 70
Graham-Dodd ₹10.79 ₹72.54 ₹101.64 63
All 7 models by family
DCF Models
Owner Earnings ₹22.52 ₹51.33 ₹108.46 71
Earnings-Based
Graham-Dodd ₹10.79 ₹72.54 ₹101.64 63
Lynch FV ₹21.25 ₹30.35 ₹39.46 61
Multiples
P/E Multiple ₹15.47 ₹20.63 ₹25.78 63
P/B Multiple ₹16.16 ₹21.55 ₹26.94 55
Asset-Based
NCAV (Graham) ₹7.70 ₹10.31 ₹15.39 54
Economic Profit
Residual Income ₹13.43 ₹14.93 ₹23.49 70

Widest divergence: DCF Models (₹51.33) versus Asset-Based (₹10.31). Highest evidence: Owner Earnings (71).

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Key figures & financial health

P/E ratio 9.3
P/S ratio 1.35 P/E × margin
EPS (TTM) ₹1.91 price ÷ EPS = P/E 9.3
Net margin 14.6% FY2026
Return on equity 10.7% TTM
Return on assets (EBIT) 8.1% avg 5y
More key figures
Profitability
Operating margin 18.4% TTM
Growth
Revenue (TTM) ₹2.0B TTM
Revenue growth (YoY) +42.7% 3y avg +35.5%
EPS growth (YoY) +70.0%
Balance sheet & cash flow
Free cash flow −₹60.6M FY2026
Net debt ₹391M FY2026

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 48/100

Of which business quality 45 · Market factors (momentum, volatility) 48

Profitability 44
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 72
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 36
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Almondz Global Securities Limited provides financial services in India. 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.

Full company description

Almondz Global Securities Limited provides financial services in India. 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 corporate finance advisory services, including merchant banking, underwriting commission, corporate and loan syndication, and debts/bonds arrangement services, as well as 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 provides advisory services in relation to infrastructure projects, as well as loans. Further, the company operates eye-care hospitals. Additionally, it provides consultancy, private equity, infrastructure advisory, equity broking, wealth management, mergers and acquisitions, government bonds, and debt portfolio management distribution and services; and professional advisory and technical 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, as well as engages in the real estate and investment activities. The company was incorporated in 1994 and is based in New Delhi, India. Almondz Global Securities Limited is a subsidiary of Avonmore Capital & Management Services Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Almondz Global Securities Limited reported revenue of ₹1.9B in FY2026 versus ₹672M in FY2022, a compound +29.7%/yr. Reported net income was ₹278M in FY2026, compounding +10.6%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹1.9B
Latest YoY
+26.1%
Avg. revenue 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.
+35.5%
Avg. revenue 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.
+27.7%
Avg. revenue growth/yr (11Y) 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.
+10.8%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
−25.9% · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−25.9%
Dividend yield0.0%
Trend 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.5Y −25.9% vs 10Y 27.2%, flattening
Operating margin (EBIT) 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.18.3% (2021) → 10.3% (2026) · falling
Worst earnings drop84% (2025) · in INR
⚠ Revenue per share shrinking 15.1%/yr over ~7Y (margins intact) 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.
Revenue +29.7%/yr
FY22 ₹672M
FY23 ₹765M
FY24 ₹1.1B
FY25 ₹1.5B
FY26 ₹1.9B
Net income +10.6%/yr
FY22 ₹185M
FY23 ₹158M
FY24 ₹341M
FY25 ₹173M
FY26 ₹278M

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

Peer Group

Capital Markets · 455 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 −22% · Below median
Return on equity (TTM) 11% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 17% · Above median
Operating margin (TTM) 18% · Below median
Revenue growth 43% · Above median
Debt / equity 0.17× · Higher than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 9.3× · Cheaper than 75% of peers
P/B 0.93× · Cheaper than median
P/S (TTM) 1.25× · Cheaper than median
EV/EBITDA 11.7× · Pricier than median

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $214.77 $138.97 −35%
The Goldman Sachs Group GS $1,034 $756.89 −27%
The Charles Schwab Corporation SCHW $110.16 $66.17 −40%
Robinhood Markets, Inc HOOD $104.26 $30.94 −70%
Macquarie Group MQG A$251.87 A$75.58 −70%
CITIC Securities Company 600030 ¥27.93 ¥17.68 −37%
Guotai Haitong Securities Co 601211 ¥17.87 ¥18.62 +4%
East Money Information Co 300059 ¥19.42 ¥4.77 −75%
CSC Financial Co 601066 ¥25.78 ¥14.17 −45%
Huatai Securities Co 601688 ¥19.56 ¥19.26 −2%

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Frequently asked questions

Is Almondz Global Securities Limited (ALMONDZ) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹18.28 versus a price of ₹17.76, about +3% upside (fairly valued).
What is the fair value of ALMONDZ?
Our model-based fair value for Almondz Global Securities Limited is ₹18.28 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹17.76.
What is the quality score of ALMONDZ?
Almondz Global Securities Limited has a Quality Score of 48/100. 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 ₹18.28 (as of Aug 19, 2026) from 7 valuation models. Cautious scenario ₹12.88, optimistic scenario ₹25.78. 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 ₹18.28, about +3% upside versus a price of ₹17.76 (fairly valued). Cautious scenario ₹12.88, optimistic scenario ₹25.78. 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 Aug 19, 2026).
What is the net profit margin of ALMONDZ?
The net profit margin of Almondz Global Securities Limited is about 16.7%, meaning it keeps roughly 16.7% of revenue as net income. Based on the latest reported figures.
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