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Bartronics India Limited (ASMS) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Bartronics India Limited stock ₹1.20, price ₹5.73, that is 79.1% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 of our 26 valuation models and 37 quality factors, updated daily.

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Technology IN · ISIN INE855F01042

BI Bartronics India Limited logo Thin data Nov 11, 2026

Bartronics India Limited

ASMS · NSE
Very expensive, in a downtrend

Our calculation puts a fair price 79% below what the stock costs today.

Low debt
Revenue last quarter +36% vs. a year ago.
Quality 53/100
Expensive Growth (revenue 3y +25.5 %/yr in INR)
Thin margins · 6.5% net margin (TTM)
Moderate moat 48/100 · thin data
Fair value ₹1.20 · Strongly overvalued
Negative free cash flow
Trails peers (4/12)
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

₹28.65 ₹2.75 Fair Value ₹1.20 Jul 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 11, 2026.

How to read this chart

60‑month range ₹2.75 – ₹28.65 · fair‑value band ₹0.9000 – ₹2.57 · the ₹5.73 price screens above the ₹1.20 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 11, 2026.

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Company profile

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.

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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.

Stock analysis

Bartronics India Limited (ASMS) currently trades at ₹5.73, while our model-based Fair Value estimate is ₹1.20, 79% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth Earnings group reads highest at a median of ₹7.45 per share, and 2 of the 13 models we run sit above the ₹5.73 price.

Bear case: the DCF Models group reads lowest at ₹1.20, and 11 of the 13 models stay below the price. Data coverage for this calculation is low.

Scenario range: ₹0.9000 (bear) to ₹2.57 (bull), the price of ₹5.73 sits above 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 53/100 (solid quality), in the Technology sector.

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

Bartronics India 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.

Key figures

Market cap ₹1.7B (≈ $18.6M) Micro · P/E ratio 27.3 · P/S ratio 1.63 · EPS (TTM) ₹0.2100 · Net margin 6.5% · Return on equity 19.0% · Return on assets (EBIT) 0.0% (5-year average) · Operating margin 5.3%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).

What moves the price

The share trades about 61% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at 21% fair-value upside, at −79%, ASMS screens richer than that median.

Fair Value models

Bear ₹0.9000 Fair Value ₹1.20 Bull ₹2.57
Price ₹5.73 · Downside -79.1%
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 (₹0.1300 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
EPV ₹0.9000 ₹1.06 ₹1.19 74
ROIC Compounder ₹0.9000 ₹1.06 ₹1.28 69
Owner Earnings ₹0.4700 ₹1.20 ₹2.57 67
All 13 models by family
DCF Models
Owner Earnings ₹0.4700 ₹1.20 ₹2.57 67
Earnings-Based
Graham-Dodd ₹1.33 ₹9.24 ₹12.97 60
Lynch FV ₹3.68 ₹5.25 ₹6.83 58
PEG = 1.0 ₹3.68 ₹5.25 ₹6.83 55
EPV ₹0.9000 ₹1.06 ₹1.19 74
Multiples
P/E Multiple ₹4.09 ₹5.46 ₹6.82 63
P/S Multiple ₹2.48 ₹3.31 ₹4.14 58
EV/EBIT ₹2.51 ₹3.43 ₹4.34 66
EV/EBITDA ₹1.88 ₹2.59 ₹3.30 67
EV/Revenue ₹1.15 ₹1.74 ₹2.34 53
Economic Profit
Residual Income ₹1.13 ₹1.49 ₹2.30 66
ROIC Compounder ₹0.9000 ₹1.06 ₹1.28 69
Growth Earnings
Growth-Adj P/E ₹5.22 ₹7.45 ₹9.69 65

Open the full fair value analysis →

Quality Score breakdown

Overall quality 53/100

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

Profitability 56
How much profit the company makes from its sales and capital
Quality Growth 73
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 53
Debt, balance sheet and risk of trouble
Investment 49
Does it invest with discipline instead of growing at any price?
Low Volatility 61
How calm the share price moves, does not count
Price momentum 10
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 82
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
+159.7%
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.
+25.5%
What shareholders gained per year (last 3 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 3 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. Basis: EBIT basis. 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.
≈ −10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.3%
Dividend (yield on the price)0.0%
Profit margin 2022 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.2% → 5%
⚠ Rate on operating basis: 2026 sits 240% above its own trend.

ASMS screens overvalued: fair value 79% below the price. Compare with International Business Machines Corporation →

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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.Information Technology Services · 518 stocks

Beats the industry median on 4/12 measures
Overall it trails its industry peers.
Valuation
Quality Score 53 · Below median
Fair Value upside −79.1% · Bottom 25%
Profitability
Return on equity (12 months) 19.0% · Top 25%
Return on assets 8.7% · Top 25%
Net margin (12 months) 6.5% · Above median
Operating margin (12 months) 5.3% · Below median
Growth and dividend
Revenue growth (quarter YoY) 35.5% · Top 25%
Balance sheet
Debt / equity 0.23× · Above median

Valuation Multiplesvs Information Technology Services median · lower = cheaper

P/E (12 months) 27.3× · Pricier than median
P/B 5.11× · Priciest 25%
P/S (12 months) 1.63× · Pricier than median
EV/EBITDA 25.3× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 31
FUTURE (revenue growth)100 · sector 30
PAST (return on equity)76 · sector 30
HEALTH (low debt)89 · sector 97
DIVIDEND (yield)0 · sector 37

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

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Cognizant Technology Solutions Corporation CTSH $64.43 $139.68 +117% vs ASMS
Wipro Limited WIPRO ₹197.99 ₹287.86 +45% vs ASMS
Infosys Limited INFY ₹1,155 ₹1,655 +43% vs ASMS
Accenture plc ACN $253.66 $332.90 +31% vs ASMS
Tata Consultancy Services Limited TCS ₹2,472 ₹2,993 +21% vs ASMS
HCL Technologies Limited HCLTECH ₹1,395 ₹1,602 +15% vs ASMS
Amadeus IT Group AMS €62.30 €68.53 +10% vs ASMS
CDW Corporation CDW $173.08 $165.54 −4% vs ASMS
Broadridge Financial Solutions, Inc BR $192.85 $161.18 −16% vs ASMS
International Business Machines Corporation IBM $248.22 $185.39 −25% vs ASMS

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Bartronics India Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bartronics India Limited Fair Value". https://www.fairvalue-calculator.com/stock/ASMS

Frequently asked questions

Is Bartronics India Limited (ASMS) overvalued or undervalued?
As of Nov 11, 2026, our model estimates a fair value of ₹1.20 versus a price of ₹5.73, about 79% lower (overvalued).
What is the fair value of ASMS?
Our model-based fair value for Bartronics India Limited is ₹1.20 (as of Nov 11, 2026), built from audited fundamentals. The current price: ₹5.73.
What is the quality score of ASMS?
Bartronics India Limited has a Quality Score of 53/100. 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 Bartronics India Limited (ASMS)?
Our model-based price target is the fair value of ₹1.20 (as of Nov 11, 2026) from 13 valuation models. Cautious scenario ₹0.9000, optimistic scenario ₹2.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Bartronics India Limited stock forecast for 2026?
Our models put fair value at ₹1.20, about 79% lower versus a price of ₹5.73 (overvalued). Cautious scenario ₹0.9000, optimistic scenario ₹2.57. The calculation is refreshed regularly with new filings.
What is the revenue of Bartronics India Limited (ASMS)?
Bartronics India Limited reported trailing-twelve-month revenue of about ₹1.1B (latest available figure, as of Nov 11, 2026).
What is the intrinsic value of Bartronics India Limited (ASMS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bartronics India Limited it is ₹1.20 per share (as of Nov 11, 2026), against a price of ₹5.73. It is the blended result of 13 valuation models in 5 families (DCF Models, Earnings-Based, Multiples, Economic Profit, Growth Earnings).
Is Bartronics India Limited stock overvalued or undervalued in 2026?
As of Nov 11, 2026, ASMS trades above its calculated fair value: price ₹5.73, fair value ₹1.20, a gap of about −79% (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 ASMS?
No. The price is what the market pays today (₹5.73); the fair value is what the company's own numbers justify (₹1.20). For Bartronics India Limited the two are ₹4.53 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bartronics India Limited worth?
The market values Bartronics India Limited at about ₹1.7B (market capitalisation, as of Nov 11, 2026). Per share that is ₹5.73; our models calculate a fair value of ₹1.20 per share.
What do the bullish and bearish scenarios say about ASMS?
Our models span a range for Bartronics India Limited: cautious scenario ₹0.9000, base ₹1.20, optimistic ₹2.57 per share (as of Nov 11, 2026, price ₹5.73). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ASMS?
Bartronics India Limited trades at a price-to-earnings ratio of 27.3 (as of Nov 11, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.20 is built from several models across several years. Other multiples: P/B 5.1, P/S 1.6, EV/EBITDA 25.3.
How solid is the balance sheet of Bartronics India Limited (ASMS)?
Balance-sheet figures for Bartronics India Limited (as of Nov 11, 2026): return on equity 19.0%, debt of 0.23 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is ASMS from its 52-week high?
Bartronics India Limited trades at ₹5.73, about 61% below its 52-week high of ₹14.71 and 9% above the low of ₹5.27 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.20 is for.
Which stocks are comparable to Bartronics India Limited?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys Limited, 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 Bartronics India Limited stock attractive at the current price?
The data as of Nov 11, 2026: price ₹5.73, calculated fair value ₹1.20 (−79%), Quality Score 53/100, from 13 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 ASMS calculated?
We run Bartronics India Limited through 13 models from 5 families: DCF Models, Earnings-Based, Multiples, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of ₹1.20 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. Bartronics India 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 Bartronics India Limited (ASMS)?
The closing price on Nov 11, 2026 was ₹5.73. Our model-based fair value is ₹1.20, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bartronics India Limited right now?
The price sits above even our optimistic bull case (₹2.57). The favourable scenario is already priced in. The model range is unusually wide (₹0.9000 to ₹2.57). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Bartronics India Limited

How large is the market capitalisation of Bartronics India Limited (ASMS)?
The market capitalisation of Bartronics India Limited is ₹1.7B (≈ $18.6M). 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 Bartronics India Limited (ASMS)?
The price-to-sales ratio of Bartronics India Limited is 1.63 (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 Bartronics India Limited (ASMS)?
Earnings per share at Bartronics India Limited are ₹0.2100 (price ÷ EPS = P/E 27.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bartronics India Limited (ASMS)?
The net margin of Bartronics India Limited is 6.5% (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 Bartronics India Limited (ASMS)?
The return on equity (ROE) of Bartronics India Limited is 19.0% (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 Bartronics India Limited (ASMS)?
On an EBIT basis the return on assets of Bartronics India Limited is 0.0% (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 Bartronics India Limited (ASMS)?
The operating margin of Bartronics India Limited is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bartronics India Limited (ASMS)?
Revenue at Bartronics India Limited is growing +35.5% versus a year earlier (3y avg +25.5%). 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 Bartronics India Limited (ASMS)?
Earnings per share at Bartronics India Limited are growing +400% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bartronics India Limited (ASMS) generate?
The free cash flow of Bartronics India Limited is −₹4.6M (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 Bartronics India Limited (ASMS) carry?
The net debt of Bartronics India Limited is ₹75.0M (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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