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HOV Services Limited (HOVS) fair value: what the stock is really worth
As of Oct 23, 2026: fair value (intrinsic value) of HOV Services Limited stock ₹54.70, price ₹40.00, upside +36.8%, quality 69 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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HS
Thin data
Oct 25, 2026
Thin data
Oct 25, 2026
HOV Services Limited
HOVS · BSEUndervaluedThe stock appears undervalued with acceptable quality.
The stock costs 27% less than our calculation considers fair.
Fair value ₹54.70 · Undervalued (+36.8%)
Quality 69/100
Solidly profitable · 16.9% net margin (TTM)
Low debt
Mixed Growth (revenue 5y +15.4 %/yr in INR)
Moderate moat 61/100 · thin data
Negative free cash flow
Thin data
⚠ Thinly traded
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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
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range ₹29.41 – ₹109.82 · fair‑value band ₹29.92 – ₹74.34 · the ₹40.00 price screens below the ₹54.70 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 25, 2026.
Company profile
HOV Services Limited, together with its subsidiaries, provides software and IT enabled services. It offers software development, maintenance, support, and related services; data entry and business process outsource services; and software licenses services.
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HOV Services Limited company was incorporated in 1989 and is headquartered in Pune, India.
Stock analysis
HOV Services Limited (HOVS) currently trades at ₹40.00, while our model-based Fair Value estimate is ₹54.70, implying the stock looks roughly 26.9% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹94.92 per share, and 10 of the 15 models we run sit above the ₹40.00 price.
Bear case: the Asset-Based group reads lowest at ₹6.33, and 5 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹29.92 (bear) to ₹74.34 (bull), the price of ₹40.00 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 69/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
HOV Services Limited reported revenue of ₹225M in FY2024 versus ₹96.6M in FY2020, a compound +23.5%/yr. Reported net income was ₹42.2M in FY2024, compounding +13.2%/yr from FY2020.
Key figures
Market cap ₹974M (≈ $10.3M) Micro · P/E ratio 9.8 · P/S ratio 1.65 · EPS (TTM) ₹4.10 · Net margin 16.9% · Return on equity 18.0% · Return on assets (EBIT) 5.2% · Operating margin 18.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 33% fair-value upside, at 37%, HOVS screens cheaper than that median.
Fair Value models
Bear ₹29.92
Fair Value ₹54.70
Bull ₹74.34
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 2024 figures (about 12 months old). Earnings retained since then (₹4.10 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
₹14.24
₹15.77
₹17.04
74
Owner Earnings
₹29.92
₹54.70
₹98.00
73
ROIC Compounder
₹14.24
₹15.77
₹17.04
72
All 15 models by family
DCF Models
Owner Earnings
₹29.92
₹54.70
₹98.00
73
Earnings-Based
Graham-Dodd
₹22.77
₹139.66
₹194.86
63
Lynch FV
₹40.03
₹57.19
₹74.34
61
PEG = 1.0
₹40.03
₹57.19
₹74.34
57
EPV
₹14.24
₹15.77
₹17.04
74
Multiples
P/E Multiple
₹70.31
₹93.75
₹117.19
63
P/S Multiple
₹42.69
₹56.92
₹71.15
58
P/B Multiple
₹85.95
₹114.60
₹143.25
55
EV/EBIT
₹41.57
₹54.36
₹67.15
66
EV/EBITDA
₹44.72
₹58.55
₹72.39
67
EV/Revenue
₹22.60
₹30.91
₹39.23
54
Asset-Based
NCAV (Graham)
₹4.18
₹6.33
₹7.91
55
Economic Profit
Residual Income
₹19.31
₹25.56
₹39.64
69
ROIC Compounder
₹14.24
₹15.77
₹17.04
72
Growth Earnings
Growth-Adj P/E
₹66.44
₹94.92
₹123.39
67
Quality Score breakdown
Overall quality
69/100
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Profitability
54
How much profit the company makes from its sales and capital
Quality Growth
81
Are margins and returns getting better?
Cashflow
0
Do the profits arrive as real cash?
Financial strength
85
Debt, balance sheet and risk of trouble
Investment
100
Does it invest with discipline instead of growing at any price?
Low Volatility
50
How calm the share price moves, does not count
Momentum
12
Price trend of the last 3 to 12 months, does not count
Near the 52-week high
2
Distance to the 52-week high, does not count
New shares
82
Buys back shares or issues new ones?
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.
60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+39.4%
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.
+30.7%
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.
+15.4%
Revenue growth 8 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.
+4.8%
’16
’17
’18
’19
’20
’21
’22
’23
’24
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. 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.
≈ +3.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.8%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2024 ⓘ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% → 12%
⚠ Rate on operating basis: 2024 sits 57% above its own trend.
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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 · 457 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation Multiplesvs Information Technology Services median · lower = cheaper
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India 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 | $69.55 | $138.62 | +99% | vs HOVS |
| Wipro Limited WIPRO | ₹189.17 | ₹287.86 | +52% | vs HOVS |
| Infosys Limited INFY | ₹1,168 | ₹1,665 | +43% | vs HOVS |
| HCL Technologies Limited HCLTECH | ₹1,424 | ₹1,926 | +35% | vs HOVS |
| Accenture plc ACN | $249.37 | $332.90 | +33% | vs HOVS |
| Tata Consultancy Services Limited TCS | ₹2,530 | ₹2,993 | +18% | vs HOVS |
| Amadeus IT Group AMS | €56.16 | €65.98 | +17% | vs HOVS |
| CDW Corporation CDW | $158.28 | $165.54 | +5% | vs HOVS |
| Broadridge Financial Solutions, Inc BR | $178.30 | $161.47 | −9% | vs HOVS |
| International Business Machines Corporation IBM | $252.11 | $185.97 | −26% | vs HOVS |
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Frequently asked questions
Is HOV Services Limited (HOVS) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of ₹54.70 versus a price of ₹40.00, about +37% upside (undervalued).
What is the fair value of HOVS?
Our model-based fair value for HOV Services Limited is ₹54.70 (as of Oct 25, 2026), built from audited fundamentals. The current price: ₹40.00.
What is the quality score of HOVS?
HOV Services Limited has a Quality Score of 69/100. 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 HOV Services Limited (HOVS)?
Our model-based price target is the fair value of ₹54.70 (as of Oct 25, 2026) from 15 valuation models. Cautious scenario ₹29.92, optimistic scenario ₹74.34. It is a calculation from audited fundamentals, not an analyst target.
What is the HOV Services Limited stock forecast for 2026?
Our models put fair value at ₹54.70, about +37% upside versus a price of ₹40.00 (undervalued). Cautious scenario ₹29.92, optimistic scenario ₹74.34. The calculation is refreshed regularly with new filings.
What is the revenue of HOV Services Limited (HOVS)?
HOV Services Limited reported trailing-twelve-month revenue of about ₹305M (latest available figure, as of Oct 25, 2026).
What is the intrinsic value of HOV Services Limited (HOVS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For HOV Services Limited it is ₹54.70 per share (as of Oct 25, 2026), against a price of ₹40.00. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is HOV Services Limited stock overvalued or undervalued in 2026?
As of Oct 25, 2026, HOVS trades below its calculated fair value: price ₹40.00, fair value ₹54.70, a gap of about +37% (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 HOVS?
No. The price is what the market pays today (₹40.00); the fair value is what the company's own numbers justify (₹54.70). For HOV Services Limited the two are ₹14.70 per share apart. That gap is exactly why we show both numbers side by side.
How much is HOV Services Limited worth?
The market values HOV Services Limited at about ₹974M (market capitalisation, as of Oct 25, 2026). Per share that is ₹40.00; our models calculate a fair value of ₹54.70 per share.
What do the bullish and bearish scenarios say about HOVS?
Our models span a range for HOV Services Limited: cautious scenario ₹29.92, base ₹54.70, optimistic ₹74.34 per share (as of Oct 25, 2026, price ₹40.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HOVS?
HOV Services Limited trades at a price-to-earnings ratio of 9.8 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹54.70 is built from several models across several years. Other multiples: P/B 4.1, P/S 3.2, EV/EBITDA 12.1.
How solid is the balance sheet of HOV Services Limited (HOVS)?
Balance-sheet figures for HOV Services Limited (as of Oct 25, 2026): return on equity 18.0%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is HOVS from its 52-week high?
HOV Services Limited trades at ₹40.00, about 50% below its 52-week high of ₹80.48 and 4% above the low of ₹38.33 (as of Oct 23, 2026). Distance from the high says nothing about value: that is what the fair value of ₹54.70 is for.
Which stocks are comparable to HOV Services 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 HOV Services Limited stock attractive at the current price?
The data as of Oct 25, 2026: price ₹40.00, calculated fair value ₹54.70 (+37%), Quality Score 69/100, from 15 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 HOVS calculated?
We run HOV Services Limited through 15 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 ₹54.70, 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 12.3 % above its aggregate fair value. HOV Services Limited currently trades 27 % 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 HOV Services Limited (HOVS)?
The closing price on Oct 23, 2026 was ₹40.00. Our model-based fair value is ₹54.70, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with HOV Services Limited right now?
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 quality (69/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹29.92 to ₹74.34) leaves room in how you read the outcome.
Key figures of HOV Services Limited
How large is the market capitalisation of HOV Services Limited (HOVS)?
The market capitalisation of HOV Services Limited is ₹974M (≈ $10.3M). 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 HOV Services Limited (HOVS)?
The price-to-sales ratio of HOV Services Limited is 1.65 (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 HOV Services Limited (HOVS)?
Earnings per share at HOV Services Limited are ₹4.10 (price ÷ EPS = P/E 9.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of HOV Services Limited (HOVS)?
The net margin of HOV Services Limited is 16.9% (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 HOV Services Limited (HOVS)?
The return on equity (ROE) of HOV Services Limited is 18.0% (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 HOV Services Limited (HOVS)?
On an EBIT basis the return on assets of HOV Services Limited is 5.2% (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 HOV Services Limited (HOVS)?
The operating margin of HOV Services Limited is 18.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at HOV Services Limited (HOVS)?
Revenue at HOV Services Limited is growing +144% versus a year earlier (3y avg +30.7%). 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 HOV Services Limited (HOVS)?
Earnings per share at HOV Services Limited are growing +121% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does HOV Services Limited (HOVS) generate?
The free cash flow of HOV Services Limited is −₹12.8M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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