Atishay Ltd (ATISHAY) Fair Value & Analysis
Technology · IN · Market cap ₹2.2B
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 5 days ago
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.
- Our model range runs from ₹119.44 (bear) to ₹203.81 (bull), base ₹163.04. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 51/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹26.76 – ₹241.29 · fair‑value band ₹119.44 – ₹203.81 · the ₹158.70 price screens below the ₹163.04 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Atishay Ltd (ATISHAY) currently trades at ₹158.70, while our model-based Fair Value estimate is ₹163.04, implying the stock looks roughly 2.7% fairly valued today. The Quality Score stands at 51/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Atishay Ltd generated revenue of ₹558M at a net margin of 12.8%. Revenue declined 20.8% year over year. It earns a return on equity of 13.8%. The stock trades on a trailing P/E of 24.6. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹119.44 (bear case) to ₹203.81 (bull case); at ₹158.70, 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 32% below its 52-week high and 36% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 0% fair-value upside, at 3%, ATISHAY screens cheaper 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.
All 15 models by family
Widest divergence: Growth Earnings (₹170.63) versus Asset-Based (₹33.45). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 40
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
Atishay Limited engages in the information technology (IT), database management, software development, e-governance, and retail fintech businesses in India. It operates through E"Governance and Retail & Others segments.
Full company description
Atishay Limited engages in the information technology (IT), database management, software development, e-governance, and retail fintech businesses in India. It operates through E"Governance and Retail & Others segments. The company provides e-governance services; and electoral rolls and electors photo identity cards preparation services, software development, and multi-recharge/retail, as well as other B2G and B2B services. It also operates Zapurse, an online self-service portal which focusses on banking, FasTAG, utility bill payment, DMT, mATM, AePS, and recharge services; eSahyog, a complete day-to-day functionality of the primary agriculture co-operative societies through centralised architecture; TrackVec which provides digital solutions for modern problems; and E-Mitra, a technology partner for the doorstep delivery of government services. In addition, the company offers Aadhaar-enabled biometric attendance systems; Election Project Management; GPS vehicle tracking system; aadhaar enrollment; and legal metrology, electronic measurement book, and document verification and authentication engine solutions, as well as provides database management solutions and systems integration services; and customized turnkey solutions in hardware, software, and networking. The company was formerly known as Atishay Infotech Limited and changed its name to Atishay Limited in January 2016. Atishay Limited was founded in 1989 and is headquartered in Bhopal, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Atishay Ltd reported revenue of ₹558M in FY2025 versus ₹198M in FY2021, a compound +29.6%/yr. Reported net income was ₹71.4M in FY2025, compounding +182.1%/yr from FY2021.
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Peer Group
Information Technology Services · 491 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.
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.
Similar stocks
10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $235.98 | $175.76 | -26% |
| Tata Consultancy Services Limited TCS | ₹2,350 | ₹3,473 | +48% |
| Infosys Limited INFY | ₹1,115 | ₹2,006 | +80% |
| HCL Technologies Limited HCLTECH | ₹1,365 | ₹1,722 | +26% |
| Wipro Limited WIPRO | ₹183.94 | ₹314.26 | +71% |
| Tech Mahindra Limited TECHM | ₹1,625 | ₹1,521 | -6% |
| Samsung SDS Co 018260 | 235,500 KRW | 235,321 KRW | -0% |
| Persistent Systems Limited PERSISTENT | ₹5,474 | ₹3,259 | -40% |
| Hyundai Autoever Corporation 307950 | 433,000 KRW | 186,323 KRW | -57% |
| Coforge Limited COFORGE | ₹1,829 | ₹983.97 | -46% |
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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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