ATV Projects India Limited (ATVPR) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of ATV Projects India Limited ₹23.44, price ₹21.16, upside +10.8%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹6.62 – ₹49.48 · fair‑value band ₹14.96 – ₹35.32 · the ₹21.16 price screens below the ₹23.44 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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ATV Projects India Limited manufactures and trades engineering equipment in India.
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ATV Projects India Limited manufactures and trades engineering equipment in India. The company offers desalters, cryogenic vessels, distillation columns, pressure vessels, heat exchangers, boilers, reactors, bullets, strippers, Horton spheres, autoclaves, chemical plant equipment, towers, sugar plant equipment, tank-lined/unlined, cement plant equipment, mixers, crystallization, and evaporators; and bagasse fired water tube boilers, multifuel water and smoke tube boilers, fluidized bed combustion boilers, and waste heat recovery boilers. It also constructs tanks for storing chemicals and petroleum products; and manufactures and sells fixed and floating roof tanks. In addition, the company provides thermal power plant equipment, such as boiler drums and FD fans; and hydro power plant equipment comprising spiral casing, turbine housing, DT liner, and MIV valves, etc. Its products are used in chemical and petrochemical, fertilizer, sugar, power, nuclear power, food and dairy, cement, and railway industries. ATV Projects India Limited was founded in 1978 and is headquartered in Mumbai, India.
Stock analysis
ATV Projects India Limited (ATVPR) currently trades at ₹21.16, while our model-based Fair Value estimate is ₹23.44, implying the stock looks roughly 9.7% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹26.88 per share, and 17 of the 24 models we run sit above the ₹21.16 price.
Bear case: the Economic Profit group reads lowest at ₹6.95, and 7 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹14.96 (bear) to ₹35.32 (bull), the price of ₹21.16 sits inside 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 64/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
ATV Projects India Limited reported revenue of ₹677M in FY2026 versus ₹325M in FY2022, a compound +20.1%/yr. Reported net income was ₹71.6M in FY2026, compounding −2.7%/yr from FY2022.
Key figures
Market cap ₹1.2B (≈ $12.8M) · P/E ratio 15.7 · P/S ratio 1.66 · EPS (TTM) ₹1.35 · Net margin 10.6% · Return on equity 3.4% · Return on assets (EBIT) 1.9% · Operating margin 9.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 11%, ATVPR screens cheaper than that median.
Fair Value models
Bear ₹14.96Fair Value ₹23.44Bull ₹35.32
Price ₹21.16 · Upside +10.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.7138 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.Evidence ⓘEvidence = 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.
Highest evidence
FCF DCF₹21.27₹43.05₹80.2476
Growth DCF₹20.90₹40.34₹72.0975
EPV₹5.24₹6.95₹8.4374
All 24 models by family
DCF Models
FCF DCF₹21.27₹43.05₹80.2476
Owner Earnings₹10.89₹24.25₹47.0772
5Y Revenue Exit₹11.26₹21.77₹35.7070
5Y EBITDA Exit₹12.57₹24.50₹39.2573
5Y P/E Exit₹16.40₹32.52₹51.0169
10Y Revenue Exit₹14.08₹25.19₹41.7365
10Y EBITDA Exit₹15.33₹27.17₹44.6866
10Y P/E Exit₹17.84₹32.96₹54.4462
Earnings-Based
Graham-Dodd₹9.16₹44.73₹61.6464
Lynch FV₹12.00₹17.15₹22.2961
PEG = 1.0₹12.00₹17.15₹22.2957
EPV₹5.24₹6.95₹8.4374
Multiples
P/E Multiple₹21.22₹28.29₹35.3663
P/S Multiple₹17.17₹22.90₹28.6258
P/B Multiple₹17.17₹22.90₹28.6255
EV/EBIT₹11.30₹16.93₹22.5765
EV/EBITDA₹9.43₹14.44₹19.4566
EV/Revenue₹6.46₹11.63₹16.8052
Asset-Based
NCAV (Graham)₹20.06₹26.88₹40.1254
Growth DCF
Growth DCF₹20.90₹40.34₹72.0975
Rev-Margin DCF₹11.26₹21.72₹35.4870
Economic Profit
Residual Income₹28.89₹28.05₹28.5671
ROIC Compounder₹5.24₹6.95₹8.4372
Growth Earnings
Growth-Adj P/E₹18.58₹26.54₹34.5067
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−4.1%
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.
+12.3%
Revenue growth 5 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.
+14.9%
Start year 2021 (pandemic)
Revenue growth 7 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.
+7.5%
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 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 5 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. 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.
+0.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+0.7%
Dividend (yield on the price)0.0%
Profit margin 2021 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.8% → 10%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +2.3% a year for the price.
Compare ATV Projects India Limited with another stock
Price, fair value, quality and upside side by side.
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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.Engineering & Construction · 795 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+10.8% · Above median
Profitability
Return on equity (TTM)3.4% · Below median
Return on assets1.7% · Below median
Net margin (TTM)9.8% · Top 25%
Operating margin (TTM)9.8% · Above median
Growth and dividend
Revenue growth35.2% · Top 25%
Balance sheet
Debt / equity0.17× · Above median
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ATV Projects India Limited Fair Value". https://www.fairvalue-calculator.com/stock/ATVPR
Frequently asked questions
Is ATV Projects India Limited (ATVPR) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹23.44 versus a price of ₹21.16, about +11% upside (undervalued).
What is the fair value of ATVPR?
Our model-based fair value for ATV Projects India Limited is ₹23.44 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹21.16.
What is the quality score of ATVPR?
ATV Projects India Limited has a Quality Score of 64/100. 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 ATV Projects India Limited (ATVPR)?
Our model-based price target is the fair value of ₹23.44 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹14.96, optimistic scenario ₹35.32. It is a calculation from audited fundamentals, not an analyst target.
What is the ATV Projects India Limited stock forecast for 2026?
Our models put fair value at ₹23.44, about +11% upside versus a price of ₹21.16 (undervalued). Cautious scenario ₹14.96, optimistic scenario ₹35.32. The calculation is refreshed regularly with new filings.
What is the revenue of ATV Projects India Limited (ATVPR)?
ATV Projects India Limited reported trailing-twelve-month revenue of about ₹730M (latest available figure, as of Sep 27, 2026).
What growth is priced into ATV Projects India Limited (ATVPR)?
For today's price to be fair in a discounted-cash-flow model, ATV Projects India Limited would have to grow free cash flow by +6.6 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.9 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of ATVPR use?
Our models discount ATV Projects India Limited at 12.4 %: a base by market capitalisation (nano), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ATV Projects India Limited that is +6.6 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has ATV Projects India Limited (ATVPR) delivered so far?
Over the past 5 years revenue at ATV Projects India Limited grew +14.9 % a year. The price currently implies +6.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of ATV Projects India Limited (ATVPR) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into ATV Projects India Limited (+6.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of ATV Projects India Limited (ATVPR)?
The free-cash-flow yield on the price is 10.14 %: that much free cash flow ATV Projects India Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ATV Projects India Limited (ATVPR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ATV Projects India Limited it is ₹23.44 per share (as of Sep 27, 2026), against a price of ₹21.16. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is ATV Projects India Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, ATVPR trades below its calculated fair value: price ₹21.16, fair value ₹23.44, a gap of about +11% (undervalued). 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 ATVPR?
No. The price is what the market pays today (₹21.16); the fair value is what the company's own numbers justify (₹23.44). For ATV Projects India Limited the two are ₹2.28 per share apart. That gap is exactly why we show both numbers side by side.
How much is ATV Projects India Limited worth?
The market values ATV Projects India Limited at about ₹1.2B (market capitalisation, as of Sep 27, 2026). Per share that is ₹21.16; our models calculate a fair value of ₹23.44 per share.
What do the bullish and bearish scenarios say about ATVPR?
Our models span a range for ATV Projects India Limited: cautious scenario ₹14.96, base ₹23.44, optimistic ₹35.32 per share (as of Sep 27, 2026, price ₹21.16). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ATVPR?
ATV Projects India Limited trades at a price-to-earnings ratio of 15.7 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹23.44 is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2020 to 2026), reported earnings: 7.3. Other multiples: P/B 0.6, P/S 1.7, EV/EBITDA 18.5.
How solid is the balance sheet of ATV Projects India Limited (ATVPR)?
Balance-sheet figures for ATV Projects India Limited (as of Sep 27, 2026): return on equity 3.4%, debt of 0.17 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is ATVPR from its 52-week high?
ATV Projects India Limited trades at ₹21.16, about 51% below its 52-week high of ₹43.49 and at the low of ₹21.09 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹23.44 is for.
Which stocks are comparable to ATV Projects India Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 ATV Projects India Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹21.16, calculated fair value ₹23.44 (+11%), Quality Score 64/100, from 24 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 ATVPR calculated?
We run ATV Projects India Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹23.44, 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 14.6 % above its aggregate fair value. ATV Projects India Limited currently trades 10 % below its own fair value, and the market average says nothing about that. 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 ATV Projects India Limited (ATVPR)?
The closing price on Oct 9, 2026 was ₹21.16. Our model-based fair value is ₹23.44, about +11% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ATV Projects India Limited right now?
A fairly wide model range (₹14.96 to ₹35.32) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of ATV Projects India Limited
How large is the market capitalisation of ATV Projects India Limited (ATVPR)?
The market capitalisation of ATV Projects India Limited is ₹1.2B (≈ $12.8M). 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 ATV Projects India Limited (ATVPR)?
The price-to-sales ratio of ATV Projects India Limited is 1.66 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ATV Projects India Limited (ATVPR)?
Earnings per share at ATV Projects India Limited are ₹1.35 (price ÷ EPS = P/E 15.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ATV Projects India Limited (ATVPR)?
The net margin of ATV Projects India Limited is 10.6% (fiscal year 2026). 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 ATV Projects India Limited (ATVPR)?
The return on equity (ROE) of ATV Projects India Limited is 3.4% (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 ATV Projects India Limited (ATVPR)?
On an EBIT basis the return on assets of ATV Projects India Limited is 1.9% (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 ATV Projects India Limited (ATVPR)?
The operating margin of ATV Projects India Limited is 9.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ATV Projects India Limited (ATVPR)?
Revenue at ATV Projects India Limited is growing +35.2% versus a year earlier (3y avg +12.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does ATV Projects India Limited (ATVPR) carry?
The net debt of ATV Projects India Limited is ₹298M (fiscal year 2026, ≈ 2.6 yrs of FCF). 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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