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AMJ Land Holdings (AMJLAND) Fair Value & Analysis

Real Estate · IN · Market cap ₹1.6B

AL AMJ Land Holdings AMJLAND · NSE
Price₹39.34
Fair Value₹37.56
Upside-4.5%
Quality50/100
Mixed Growth
Highly profitable · 24.0% net margin
Low debt · generates free cash flow
0.51% dividend yield
Ranks above peers (9/14)
Moderate moat 63/100
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Evidence: High Range ₹37.56 – ₹46.17 Share as image

Fair value as of: Aug 2, 2026

From 24 valuation models · updated yesterday

Fair value updated Aug 2, 2026, revised from ₹42.57 to ₹37.56 (−11.8%) since Jun 29, 2026. Share price +4.4% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹72.39 ₹18.84 Fair Value ₹37.56 Apr 2021 Jul 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 ₹18.84 – ₹72.39 · fair‑value band ₹37.56 – ₹46.17 · the ₹39.34 price screens above the ₹37.56 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

AMJ Land Holdings (AMJLAND) currently trades at ₹39.34, while our model-based Fair Value estimate is ₹37.56, implying the stock looks roughly 4.5% fairly valued today. We read business quality at 50/100 (solid quality), in the Real Estate 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, AMJ Land Holdings generated revenue of ₹617M at a net margin of 24.0%. Revenue declined 37.6% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of ₹21.5M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹37.56 (bear case) to ₹46.17 (bull case); at ₹39.34, the current price sits within that range. The share trades about 41% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -5%, AMJLAND 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 BearBaseBull Evidence
Highest evidence
Growth DCF ₹20.88 ₹26.10 ₹34.19 80
Residual Income ₹39.30 ₹39.94 ₹39.20 76
Rev-Margin DCF ₹20.89 ₹30.18 ₹41.56 74
All 24 models by family
DCF Models
FCF DCF ₹20.38 ₹25.88 ₹35.08 38
Owner Earnings ₹34.26 ₹43.61 ₹59.25 31
5Y Revenue Exit ₹20.89 ₹29.79 ₹42.47 39
5Y EBITDA Exit ₹25.90 ₹38.34 ₹54.45 41
5Y P/E Exit ₹35.77 ₹55.18 ₹77.72 38
10Y Revenue Exit ₹19.99 ₹27.26 ₹35.56 36
10Y EBITDA Exit ₹23.32 ₹32.42 ₹42.82 37
10Y P/E Exit ₹28.88 ₹42.61 ₹56.93 35
Earnings-Based
Graham-Dodd ₹24.53 ₹43.03 ₹52.81 54
EPV ₹12.71 ₹14.37 ₹15.76 59
Dividend Discount
Gordon GGM ₹1.55 ₹1.91 ₹2.25 70
DDM Multi-Stage ₹1.55 ₹2.00 ₹2.47 61
Multiples
P/E Multiple ₹54.11 ₹72.15 ₹90.18 63
P/S Multiple ₹24.01 ₹32.02 ₹40.02 58
P/B Multiple ₹45.99 ₹61.32 ₹76.65 55
EV/EBIT ₹41.65 ₹55.36 ₹69.07 53
EV/EBITDA ₹34.67 ₹46.05 ₹57.43 54
EV/Revenue ₹22.94 ₹32.54 ₹42.15 43
Asset-Based
NCAV (Graham) ₹26.05 ₹34.91 ₹52.10 50
Growth DCF
Growth DCF ₹20.88 ₹26.10 ₹34.19 80
Rev-Margin DCF ₹20.89 ₹30.18 ₹41.56 74
Economic Profit
Residual Income ₹39.30 ₹39.94 ₹39.20 76
ROIC Compounder ₹12.71 ₹14.37 ₹15.76 72
Growth Earnings
Growth-Adj P/E ₹38.28 ₹54.69 ₹71.09 68

Widest divergence: Growth Earnings (₹54.69) versus Dividend Discount (₹1.91). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) ₹617M
Revenue growth (YoY) -37.6%
Net margin 24.0%
Return on equity 6.9%
Free cash flow ₹96.3M FY2026
P/E ratio 10.7
More key figures
Operating margin 47.2%
EPS (TTM) ₹3.61
Dividend yield 0.5%
EPS growth (YoY) -50.4%
Net cash ₹21.5M FY2026

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

Quality Score breakdown

Overall quality 50/100

Of which business quality 53 · Market factors (momentum, volatility) 36

Profitability 40
Margins and returns on capital today
Quality Growth 7
Are margins and returns improving?
Cashflow 64
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 74
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

AMJ Land Holdings Limited, through its subsidiary, engages in development and leasing of real estate properties in India. The company operates through Real Estate Business and Wind Power Generation segments.

Full company description

AMJ Land Holdings Limited, through its subsidiary, engages in development and leasing of real estate properties in India. The company operates through Real Estate Business and Wind Power Generation segments. It also generates and sells power through its 3 wind power plants with capacity of 4.6 MW that are located at satara and sangli in the state of Maharashtra, as well as engages in sale of renewable energy certificates. The company was formerly known as Pudumjee Pulp & Paper Mills Limited and changed its name to AMJ Land Holdings Limited in December 2017. AMJ Land Holdings Limited was incorporated in 1964 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

AMJ Land Holdings reported revenue of ₹525M in FY2026 versus ₹287M in FY2022, a compound +16.3%/yr. Reported net income was ₹148M in FY2026, compounding +13.7%/yr from FY2022.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹525M
Latest YoY
−38.3%
Avg. growth/yr (3Y)
+14.1%
Avg. growth/yr (5Y)
+36.2%
Avg. growth/yr (25Y)
−3.6%
Revenue +16.3%/yr
FY22 ₹287M
FY23 ₹353M
FY24 ₹565M
FY25 ₹850M
FY26 ₹525M
Net income +13.7%/yr
FY22 ₹88.4M
FY23 ₹68.1M
FY24 ₹111M
FY25 ₹205M
FY26 ₹148M

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Cite: Fair Value Calculator (2026). "AMJ Land Holdings Fair Value". https://www.fairvalue-calculator.com/stock/AMJLAND

Peer Group

Real Estate - Development · 596 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 49 · Above median
Fair Value upside −5% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 24% · Top 25%
Operating margin (TTM) 47% · Top 25%
Revenue growth -38% · Bottom 25%
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 10.7× · Cheaper than median
P/B 0.74× · Pricier than median
P/S (TTM) 2.57× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than median
EV/EBITDA 6.6× · Cheaper than median

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 27 · sector 60
FUTURE 0 · sector 0
PAST 28 · sector 9
HEALTH 100 · sector 85
DIVIDEND 10 · sector 39

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

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Frequently asked questions

Is AMJ Land Holdings (AMJLAND) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹37.56 versus a price of ₹39.34, about −5% (fairly valued).
What is the fair value of AMJLAND?
Our model-based fair value for AMJ Land Holdings is ₹37.56 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹39.34.
What is the quality score of AMJLAND?
AMJ Land Holdings has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of AMJ Land Holdings (AMJLAND)?
AMJ Land Holdings reported trailing-twelve-month revenue of about ₹617M (latest available figure, as of Aug 2, 2026).
What is the net profit margin of AMJLAND?
The net profit margin of AMJ Land Holdings is about 24.0%, meaning it keeps roughly 24.0% of revenue as net income. Based on the latest reported figures.
Does AMJ Land Holdings pay a dividend?
AMJ Land Holdings currently shows a dividend yield of about 0.51% relative to its recent price (as of Aug 2, 2026).

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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