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Avonmore Capital & Management Services Limited (AVONMORE) fair value: what the stock is really worth

As of Sep 25, 2026: fair value of Avonmore Capital & Management Services Limited ₹5.33, price ₹13.34, upside -60.0%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Financial Services · IN · ISIN INE323B01016

AC Thin data Sep 27, 2026

Avonmore Capital & Management Services Limited

AVONMORE · NSE

Weakest SetupStrongly overvalued and low quality.

!Fair value ₹5.33 · Strongly overvalued (−60.0%)
!Quality 32/100
!Weak Growth (revenue 5y +24.2 %/yr)
✓Solidly profitable · 11.5% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (5/12)
!Narrow moat 32/100
!Evidence only low, so the estimate is less certain
!Weak on past: 18 out of 100
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What runs behind every stock

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

Price vs Fair Value

₹28.68 ₹5.98 Fair Value ₹5.33 Jan 2023 Sep 2026

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

45‑month range ₹5.98 – ₹28.68 · fair‑value band ₹2.71 – ₹6.99 · the ₹13.34 price screens above the ₹5.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Avonmore Capital & Management Services Limited provides non-banking financial and sub-broker advisory services in India. The company's Debt and Equity Market Operations segment deals/trades in securities and bonds.

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Avonmore Capital & Management Services Limited provides non-banking financial and sub-broker advisory services in India. The company's Debt and Equity Market Operations segment deals/trades in securities and bonds. Its Consultancy and Advisory Fees segment offers merchant banking, underwriting commission, corporate and infrastructure advisory, loan syndication fees and arranger of debts/bonds, etc.; and advisory services related to infrastructure projects. The company's Wealth/Broking Activities segment is involved in stock and share broking, and other related ancillary services and comprises broking and commission of mutual funds, equity initial public offerings, capital gain bonds, fixed deposits of government undertakings, and RBI taxable bonds, as well as real estate broking services. Its Finance Activities segment grants loans. The company's Healthcare Services segment establishes, administers, owns, and operates eye care hospitals. Its Investment Activities segment engages in the investment activities. The company was formerly known as Almondz Capital & Management Services Limited. Avonmore Capital & Management Services Limited was incorporated in 1991 and is headquartered in New Delhi, India.

Stock analysis

Avonmore Capital & Management Services Limited (AVONMORE) currently trades at ₹13.34, while our model-based Fair Value estimate is ₹5.33, implying the stock looks roughly 150.3% overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of ₹15.83 per share, and 1 of the 7 models we run sit above the ₹13.34 price.

Bear case: the Multiples group reads lowest at ₹3.63, and 6 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: ₹2.71 (bear) to ₹6.99 (bull), the price of ₹13.34 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 32/100 (below-average quality), in the Financial Services sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Avonmore Capital & Management Services Limited reported revenue of ₹1.7B in FY2026 versus ₹789M in FY2022, a compound +21.8%/yr. Reported net income was ₹78.7M in FY2026, compounding −29.8%/yr from FY2022.

Key figures

Market cap ₹3.7B (≈ $39.1M) · P/E ratio 47.6 · P/S ratio 2.16 · EPS (TTM) ₹0.2800 · Net margin 4.5% · Return on equity 4.4% · Return on assets (EBIT) 9.6% · Operating margin −20.4%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 46% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −18% fair-value upside, at −60%, AVONMORE screens richer than that median.

Fair Value models

Bear ₹2.71 Fair Value ₹5.33 Bull ₹6.99
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 (₹0.1381 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
Owner Earnings ₹7.33 ₹15.83 ₹33.01 69
Residual Income ₹9.49 ₹8.95 ₹8.84 68
P/E Multiple ₹2.72 ₹3.63 ₹4.53 63
All 7 models by family
DCF Models
Owner Earnings ₹7.33 ₹15.83 ₹33.01 69
Earnings-Based
Graham-Dodd ₹1.90 ₹13.23 ₹18.56 61
Lynch FV ₹6.83 ₹9.76 ₹12.69 59
Multiples
P/E Multiple ₹2.72 ₹3.63 ₹4.53 63
P/B Multiple ₹3.56 ₹4.74 ₹5.93 55
Asset-Based
NCAV (Graham) ₹6.85 ₹9.18 ₹13.70 54
Economic Profit
Residual Income ₹9.49 ₹8.95 ₹8.84 68

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Quality Score breakdown

Overall quality 32/100

Of which business quality 31 · Market factors (momentum, volatility) 47

Profitability 22
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 53
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 10
Share count: buybacks or dilution?

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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. 40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.2%
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.
−6.1%
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.
+24.2%
Start year 2021 (pandemic). Over 10 years: +14.4% a year
Revenue growth 20 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.
+24.7%
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.
−19.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−19.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−19.7% vs 1.5%, slowing
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.20% → 5%
Start year 2021 (pandemic)

AVONMORE screens 150% overvalued. Compare with Morgan Stanley, a financial holding company, →

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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.Capital Markets · 456 stocks

Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −60.0% · Bottom 25%
Profitability
Return on equity (TTM) 4.4% · Below median
Return on assets 3.7% · Above median
Net margin (TTM) 11.5% · Below median
Operating margin (TTM) −20.4% · Bottom 25%
Growth and dividend
Revenue growth 71.9% · Top 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (TTM) 47.6× · Priciest 25%
P/B 0.97× · Cheaper than median
P/S (TTM) 1.98× · Cheaper than median
EV/EBITDA 10.6× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 31
FUTURE (revenue growth)100 · sector 94
PAST (return on equity)18 · sector 31
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 43

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

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The Charles Schwab Corporation SCHW $99.03 $118.07 +19%
Interactive Brokers Group IBKR $89.24 $23.12 −74%
Robinhood Markets, Inc HOOD $119.40 $47.77 −60%
Macquarie Group MQG A$239.53 A$80.51 −66%
CITIC Securities Company 600030 ¥26.29 ¥18.35 −30%
Guotai Haitong Securities Co 601211 ¥17.21 ¥19.35 +12%
East Money Information Co 300059 ¥18.28 ¥4.94 −73%
Nomura Holdings NMR $10.06 $10.25 +2%

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Cite: Fair Value Calculator (2026). "Avonmore Capital & Management Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/AVONMORE

Frequently asked questions

Is Avonmore Capital & Management Services Limited (AVONMORE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹5.33 versus a price of ₹13.34, about −60% upside (overvalued).
What is the fair value of AVONMORE?
Our model-based fair value for Avonmore Capital & Management Services Limited is ₹5.33 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹13.34.
What is the quality score of AVONMORE?
Avonmore Capital & Management Services Limited has a Quality Score of 32/100. 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 Avonmore Capital & Management Services Limited (AVONMORE)?
Our model-based price target is the fair value of ₹5.33 (as of Sep 27, 2026) from 7 valuation models. Cautious scenario ₹2.71, optimistic scenario ₹6.99. It is a calculation from audited fundamentals, not an analyst target.
What is the Avonmore Capital & Management Services Limited stock forecast for 2026?
Our models put fair value at ₹5.33, about −60% upside versus a price of ₹13.34 (overvalued). Cautious scenario ₹2.71, optimistic scenario ₹6.99. The calculation is refreshed regularly with new filings.
What is the revenue of Avonmore Capital & Management Services Limited (AVONMORE)?
Avonmore Capital & Management Services Limited reported trailing-twelve-month revenue of about ₹1.9B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Avonmore Capital & Management Services Limited (AVONMORE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Avonmore Capital & Management Services Limited it is ₹5.33 per share (as of Sep 27, 2026), against a price of ₹13.34. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Avonmore Capital & Management Services Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, AVONMORE trades above its calculated fair value: price ₹13.34, fair value ₹5.33, a gap of about −60% (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 AVONMORE?
No. The price is what the market pays today (₹13.34); the fair value is what the company's own numbers justify (₹5.33). For Avonmore Capital & Management Services Limited the two are ₹8.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is Avonmore Capital & Management Services Limited worth?
The market values Avonmore Capital & Management Services Limited at about ₹3.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹13.34; our models calculate a fair value of ₹5.33 per share.
What do the bullish and bearish scenarios say about AVONMORE?
Our models span a range for Avonmore Capital & Management Services Limited: cautious scenario ₹2.71, base ₹5.33, optimistic ₹6.99 per share (as of Sep 27, 2026, price ₹13.34). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AVONMORE?
Avonmore Capital & Management Services Limited trades at a price-to-earnings ratio of 47.6 (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 ₹5.33 is built from several models across several years. Other multiples: P/B 1.0, P/S 2.0, EV/EBITDA 10.6.
How solid is the balance sheet of Avonmore Capital & Management Services Limited (AVONMORE)?
Balance-sheet figures for Avonmore Capital & Management Services Limited (as of Sep 27, 2026): return on equity 4.4%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is AVONMORE from its 52-week high?
Avonmore Capital & Management Services Limited trades at ₹13.34, about 31% below its 52-week high of ₹19.39 and 46% above the low of ₹9.15 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of ₹5.33 is for.
Which stocks are comparable to Avonmore Capital & Management Services Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Avonmore Capital & Management Services Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹13.34, calculated fair value ₹5.33 (−60%), Quality Score 32/100, from 7 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 AVONMORE calculated?
We run Avonmore Capital & Management Services Limited through 7 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 ₹5.33, 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 13.9 % above its aggregate fair value. Avonmore Capital & Management Services 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 Avonmore Capital & Management Services Limited (AVONMORE)?
The closing price on Sep 25, 2026 was ₹13.34. Our model-based fair value is ₹5.33, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Avonmore Capital & Management Services Limited right now?
The price sits above even our optimistic bull case (₹6.99). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹2.71 to ₹6.99) leaves room in how you read the outcome.
Where does the earnings growth of Avonmore Capital & Management Services Limited (AVONMORE) come from?
Earnings per share at Avonmore Capital & Management Services Limited grew +15.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +17.4 %, EBIT margin −1.1 %, tax rate −2.1 %, residual (interest, one-offs) +1.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.

Key figures of Avonmore Capital & Management Services Limited

How large is the market capitalisation of Avonmore Capital & Management Services Limited (AVONMORE)?
The market capitalisation of Avonmore Capital & Management Services Limited is ₹3.7B (≈ $39.1M). 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 Avonmore Capital & Management Services Limited (AVONMORE)?
The price-to-sales ratio of Avonmore Capital & Management Services Limited is 2.16 (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 Avonmore Capital & Management Services Limited (AVONMORE)?
Earnings per share at Avonmore Capital & Management Services Limited are ₹0.2800 (price ÷ EPS = P/E 47.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Avonmore Capital & Management Services Limited (AVONMORE)?
The net margin of Avonmore Capital & Management Services Limited is 4.5% (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 Avonmore Capital & Management Services Limited (AVONMORE)?
The return on equity (ROE) of Avonmore Capital & Management Services Limited is 4.4% (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 Avonmore Capital & Management Services Limited (AVONMORE)?
On an EBIT basis the return on assets of Avonmore Capital & Management Services Limited is 9.6% (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 Avonmore Capital & Management Services Limited (AVONMORE)?
The operating margin of Avonmore Capital & Management Services Limited is −20.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Avonmore Capital & Management Services Limited (AVONMORE)?
Revenue at Avonmore Capital & Management Services Limited is growing +71.9% versus a year earlier (3y avg −6.1%). 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 Avonmore Capital & Management Services Limited (AVONMORE)?
Earnings per share at Avonmore Capital & Management Services Limited are growing +31.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Avonmore Capital & Management Services Limited (AVONMORE) generate?
The free cash flow of Avonmore Capital & Management Services Limited is −₹10.5M (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 Avonmore Capital & Management Services Limited (AVONMORE) carry?
The net debt of Avonmore Capital & Management Services Limited is ₹151M (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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