Avio Smart Market Stack Limited (ASMS) Fair Value & Analysis

Technology · IN · Market cap ₹2.2B

A solid business, but screening 54% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹4.14). The favourable scenario is already priced in.
• Solid but not exceptional quality (50/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

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 ₹2.15 – ₹28.65 · fair‑value band ₹2.48 – ₹4.14 · the ₹7.22 price screens above the ₹3.31 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Avio Smart Market Stack Limited (ASMS) currently trades at ₹7.22, while our model-based Fair Value estimate is ₹3.31, implying the stock looks roughly 54.2% overvalued today. The Quality Score stands at 50/100 (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, Avio Smart Market Stack Limited generated revenue of ₹1.0B at a net margin of 5.7%. Revenue grew 286.1% year over year. It earns a return on equity of 19.0%. Net debt stands at ₹75.0M. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹2.48 (bear case) to ₹4.14 (bull case); at ₹7.22, 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 59% below its 52-week high and 4% 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 -54%, ASMS 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.

Widest divergence: Growth Earnings (₹6.50) versus Asset-Based (₹0.7500). Highest evidence: ROIC Compounder (72).

Key figures & financial health

Quality Score breakdown

About the company

Avio Smart Market Stack Limited provides automatic identification, data capture, and financial inclusion services in India and internationally. The company offers a range of banking services, including financial inclusion, business correspondent, and business facilitation banking services.

Full company description

Avio Smart Market Stack Limited provides automatic identification, data capture, and financial inclusion services in India and internationally. The company offers a range of banking services, including financial inclusion, business correspondent, and business facilitation banking services. It also provides e-government solutions that include health insurance, public distribution system, smart card based driving license and vehicle registration, and pilgrim management system. In addition, the company provides Internet of Things solutions in healthcare, agriculture, smart cities, and industrial automation industries; technology, mobility, and enterprise solutions; and application development, management, software quality assurance, and IT infrastructure management services. The company was formerly known as Bartronics India Limited and changed its name to Avio Smart Market Stack Limited in February 2026. Avio Smart Market Stack Limited was incorporated in 1990 and is headquartered in Hyderabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Avio Smart Market Stack Limited reported revenue of ₹1.0B in FY2026 versus ₹656M in FY2022, a compound +12.2%/yr. Reported net income was ₹59.4M in FY2026.

ASMS screens 54% overvalued. Compare with International Business Machines Corporation →

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.

Valuation Multiples vs Information Technology Services median · lower = cheaper

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: 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.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

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.