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INA (INA) Fair Value & Analysis

Technology · Market cap ₹25.5B

I INA INA · NSE
Price₹115.84
Fair Value₹200.56
Upside+73.1%
Quality48/100
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Evidence: Medium Range ₹141.95 – ₹596.72

Fair value as of: Jul 3, 2026

From 14 valuation models · updated today

Share price −6.7% over the past month.

Price vs Fair Value (4 months)

₹156.43 ₹82.18 Fair Value ₹200.56 Mar 2026 Jul 2026

4‑month range ₹82.18 – ₹156.43 · fair‑value band ₹141.95 – ₹596.72 · the ₹115.84 price screens below the ₹200.56 fair value. As of Jul 3, 2026.

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Analysis

INA (INA) currently trades at ₹115.84, while our model-based Fair Value estimate is ₹200.56 — implying the stock looks roughly 73.1% undervalued today. We read business quality at 48/100 (below-average 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: medium) — always confirm before acting.

Over the trailing twelve months, INA generated revenue of ₹21.5B at a net margin of 9.3%. Revenue grew 100.1% year over year. It earns a return on equity of 28.2%. Net debt stands at ₹7.5B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹21.5B
Revenue growth (YoY) +100%
Net margin 9.3%
Return on equity 28.2%
Free cash flow −₹5.2B FY2026
P/E ratio 12.7
More key figures
Operating margin 12.1%
EPS (TTM) ₹9.10
EPS growth (YoY) +58.5%
Net debt ₹7.5B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

INA reported revenue of ₹21.5B in FY2026 versus ₹2.1B in FY2022, a compound +77.9%/yr. Reported net income was ₹2.0B in FY2026, compounding +131.7%/yr from FY2022.

Revenue +77.9%/yr
FY22 ₹2.1B
FY23 ₹2.8B
FY24 ₹7.4B
FY25 ₹13.3B
FY26 ₹21.5B
Net income +131.7%/yr
FY22 ₹69.5M
FY23 ₹107M
FY24 ₹555M
FY25 ₹1.3B
FY26 ₹2.0B

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Frequently asked questions

Is INA (INA) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹200.56 versus a price of ₹115.84 — about +73% (undervalued). Model-based estimate, not financial advice.
What is the fair value of INA?
Our model-based fair value for INA is ₹200.56 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹115.84.
What is the quality score of INA?
INA has a Quality Score of 48/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of INA (INA)?
INA reported trailing-twelve-month revenue of about ₹21.5B (latest available figure, as of Jul 3, 2026).
What is the net profit margin of INA?
The net profit margin of INA is about 9.3%, meaning it keeps roughly 9.3% of revenue as net income. Based on the latest reported figures.

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.