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Atishay Limited (ATISHAY) Fair Value & Analysis

Technology · IN · Market cap ₹2.2B

AL Atishay Limited ATISHAY · BSE
Price₹203.45
Fair Value₹163.04
Upside-19.9%
Quality57/100
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Evidence: High Range ₹119.44 – ₹203.81

Fair value as of: Jul 5, 2026

From 15 valuation models · updated today

Share price +4.1% over the past month.

Price vs Fair Value (12 months)

₹227.52 ₹119.73 Fair Value ₹163.04 Jun 2025 Jul 2026

12‑month range ₹119.73 – ₹227.52 · fair‑value band ₹119.44 – ₹203.81 · the ₹203.45 price screens above the ₹163.04 fair value. As of Jul 5, 2026.

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Analysis

Atishay Limited (ATISHAY) currently trades at ₹203.45, while our model-based Fair Value estimate is ₹163.04 — implying the stock looks roughly 19.9% overvalued today. We read business quality at 57/100 (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, Atishay Limited 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 31.5. Fundamentals as of Jul 5, 2026

Key figures & financial health

Revenue (TTM) ₹558M
Revenue growth (YoY) -20.8%
Net margin 12.8%
Return on equity 13.8%
Free cash flow −₹69.5M FY2025
P/E ratio 31.5
More key figures
Operating margin 20.2%
EPS (TTM) ₹6.45
Dividend yield 0.5%
EPS growth (YoY) -24.4%
Net debt ₹467K FY2022

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

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. 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; …

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Atishay Limited 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.

Revenue +29.6%/yr
FY21 ₹198M
FY22 ₹215M
FY23 ₹433M
FY24 ₹511M
FY25 ₹558M
Net income +182.1%/yr
FY21 ₹1.1M
FY22 ₹6.5M
FY23 ₹55.5M
FY24 ₹70.1M
FY25 ₹71.4M

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Similar stocks

6 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 5, 2026).

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Infosys Limited INFY ₹1,144 ₹1,305 +14%
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Frequently asked questions

Is Atishay Limited (ATISHAY) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹163.04 versus a price of ₹203.45 — about −20% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ATISHAY?
Our model-based fair value for Atishay Limited is ₹163.04 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹203.45.
What is the quality score of ATISHAY?
Atishay Limited has a Quality Score of 57/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Atishay Limited (ATISHAY)?
Atishay Limited reported trailing-twelve-month revenue of about ₹558M (latest available figure, as of Jul 5, 2026).
What is the net profit margin of ATISHAY?
The net profit margin of Atishay Limited is about 12.8%, meaning it keeps roughly 12.8% of revenue as net income. Based on the latest reported figures.
Does Atishay Limited pay a dividend?
Atishay Limited currently shows a dividend yield of about 0.50% relative to its recent price (as of Jul 5, 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.