Indian Terrain Fashions Limited (INDTERRAIN) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Indian Terrain Fashions Limited ₹42.30, price ₹29.22, upside +44.8%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 ₹24.87 – ₹85.95 · fair‑value band ₹28.62 – ₹57.33 · the ₹29.22 price screens below the ₹42.30 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Indian Terrain Fashions Limited engages in the retail of branded apparel in India. The company offers shirts, t-shirts, sweaters, jackets, denims, sweatshirts, shorts, trousers, jeans, and joggers.
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Indian Terrain Fashions Limited engages in the retail of branded apparel in India. The company offers shirts, t-shirts, sweaters, jackets, denims, sweatshirts, shorts, trousers, jeans, and joggers. The company provides its products for men under the Indian Terrain brand name, as well as for boys between the ages of 4 - 16 years under the Indian Terrain BOY brand name. It sells its products through multi-branded outlets, exclusive brand outlets, large format stores, and e-commerce platforms. Indian Terrain Fashions Limited was founded in 2000 and is based in Chengalpattu, India.
Stock analysis
Indian Terrain Fashions Limited (INDTERRAIN) currently trades at ₹29.22, while our model-based Fair Value estimate is ₹42.30, implying the stock looks roughly 30.9% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of ₹71.36 per share, and 10 of the 13 models we run sit above the ₹29.22 price.
Bear case: the Asset-Based group reads lowest at ₹24.32, and 3 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹28.62 (bear) to ₹57.33 (bull), the price of ₹29.22 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Indian Terrain Fashions Limited reported revenue of ₹3.8B in FY2026 versus ₹3.4B in FY2022, a compound +2.9%/yr. Reported net income was −₹49.1M in FY2026.
Key figures
Market cap ₹1.7B (≈ $17.3M) · P/S ratio 0.44 · EPS (TTM) ₹−0.9800 · Net margin −1.3% · Return on equity −2.7% · Return on assets (EBIT) 1.8% · Operating margin 7.1% · Revenue (TTM) ₹3.8B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at 45%, INDTERRAIN screens cheaper than that median.
Fair Value models
Bear ₹28.62Fair Value ₹42.30Bull ₹57.33
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.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.
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
+10.9%
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.
−9.0%
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.
+12.1%
Start year 2021 (pandemic). Over 10 years: +1.5% a year
Revenue growth 15 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.
+7.9%
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Profit margin (trend) ⓘ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.
−19.6% (2021) → 4.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+70.5%
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 +63.8% a year for the price.
Compare Indian Terrain Fashions Limited with another stock
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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.Apparel Retail · 98 stocks
Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Bottom 25%
Fair Value upside+44.8% · Above median
Profitability
Return on assets2.6% · Below median
Net margin (TTM)−1.3% · Bottom 25%
Operating margin (TTM)7.1% · Above median
Growth and dividend
Revenue growth19.0% · Top 25%
Valuation Multiplesvs Apparel Retail 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.
Is Indian Terrain Fashions Limited (INDTERRAIN) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹42.30 versus a price of ₹29.22, about +45% upside (undervalued).
What is the fair value of INDTERRAIN?
Our model-based fair value for Indian Terrain Fashions Limited is ₹42.30 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹29.22.
What is the quality score of INDTERRAIN?
Indian Terrain Fashions Limited has a Quality Score of 45/100. 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 Indian Terrain Fashions Limited (INDTERRAIN)?
Our model-based price target is the fair value of ₹42.30 (as of Sep 27, 2026) from 13 valuation models. Cautious scenario ₹28.62, optimistic scenario ₹57.33. It is a calculation from audited fundamentals, not an analyst target.
What is the Indian Terrain Fashions Limited stock forecast for 2026?
Our models put fair value at ₹42.30, about +45% upside versus a price of ₹29.22 (undervalued). Cautious scenario ₹28.62, optimistic scenario ₹57.33. The calculation is refreshed regularly with new filings.
What is the revenue of Indian Terrain Fashions Limited (INDTERRAIN)?
Indian Terrain Fashions Limited reported trailing-twelve-month revenue of about ₹3.8B (latest available figure, as of Sep 27, 2026).
What growth is priced into Indian Terrain Fashions Limited (INDTERRAIN)?
For today's price to be fair in a discounted-cash-flow model, Indian Terrain Fashions Limited would have to grow free cash flow by +70.5 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.1 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of INDTERRAIN use?
Our models discount Indian Terrain Fashions Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.43, 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 Indian Terrain Fashions Limited that is +70.5 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Indian Terrain Fashions Limited (INDTERRAIN) delivered so far?
Over the past 5 years revenue at Indian Terrain Fashions Limited grew +12.1 % a year. The price currently implies +70.5 % 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 Indian Terrain Fashions Limited (INDTERRAIN) growing?
The median revenue growth in the sector is +3.2 % a year. That is the yardstick for the growth priced into Indian Terrain Fashions Limited (+70.5 % 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 Indian Terrain Fashions Limited (INDTERRAIN)?
The free-cash-flow yield on the price is 0.42 %: that much free cash flow Indian Terrain Fashions Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Indian Terrain Fashions Limited (INDTERRAIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indian Terrain Fashions Limited it is ₹42.30 per share (as of Sep 27, 2026), against a price of ₹29.22. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Indian Terrain Fashions Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, INDTERRAIN trades below its calculated fair value: price ₹29.22, fair value ₹42.30, a gap of about +45% (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 INDTERRAIN?
No. The price is what the market pays today (₹29.22); the fair value is what the company's own numbers justify (₹42.30). For Indian Terrain Fashions Limited the two are ₹13.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indian Terrain Fashions Limited worth?
The market values Indian Terrain Fashions Limited at about ₹1.7B (market capitalisation, as of Sep 27, 2026). Per share that is ₹29.22; our models calculate a fair value of ₹42.30 per share.
What do the bullish and bearish scenarios say about INDTERRAIN?
Our models span a range for Indian Terrain Fashions Limited: cautious scenario ₹28.62, base ₹42.30, optimistic ₹57.33 per share (as of Sep 27, 2026, price ₹29.22). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Indian Terrain Fashions Limited (INDTERRAIN)?
Balance-sheet figures for Indian Terrain Fashions Limited (as of Sep 27, 2026): return on equity −2.7%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is INDTERRAIN from its 52-week high?
Indian Terrain Fashions Limited trades at ₹29.22, about 28% below its 52-week high of ₹40.77 and 17% above the low of ₹24.87 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹42.30 is for.
Which stocks are comparable to Indian Terrain Fashions Limited?
From the same area (Consumer Cyclical) we also value Industria de Diseño Textil, S.A, Fast Retailing Co, The TJX Companies, Inc, Ross Stores, Inc, 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 Indian Terrain Fashions Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹29.22, calculated fair value ₹42.30 (+45%), Quality Score 45/100, from 13 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 INDTERRAIN calculated?
We run Indian Terrain Fashions Limited through 13 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 ₹42.30, 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 14.5 % above its aggregate fair value. Indian Terrain Fashions Limited currently trades 31 % 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 Indian Terrain Fashions Limited (INDTERRAIN)?
The closing price on Oct 1, 2026 was ₹29.22. Our model-based fair value is ₹42.30, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indian Terrain Fashions 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 (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (₹28.62 to ₹57.33) leaves room in how you read the outcome.
Key figures of Indian Terrain Fashions Limited
How large is the market capitalisation of Indian Terrain Fashions Limited (INDTERRAIN)?
The market capitalisation of Indian Terrain Fashions Limited is ₹1.7B (≈ $17.3M). 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 Indian Terrain Fashions Limited (INDTERRAIN)?
The price-to-sales ratio of Indian Terrain Fashions Limited is 0.44 (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 Indian Terrain Fashions Limited (INDTERRAIN)?
Earnings per share at Indian Terrain Fashions Limited are ₹−0.9800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indian Terrain Fashions Limited (INDTERRAIN)?
The net margin of Indian Terrain Fashions Limited is −1.3% (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 Indian Terrain Fashions Limited (INDTERRAIN)?
The return on equity (ROE) of Indian Terrain Fashions Limited is −2.7% (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 Indian Terrain Fashions Limited (INDTERRAIN)?
On an EBIT basis the return on assets of Indian Terrain Fashions Limited is 1.8% (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 Indian Terrain Fashions Limited (INDTERRAIN)?
The operating margin of Indian Terrain Fashions Limited is 7.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indian Terrain Fashions Limited (INDTERRAIN)?
Revenue at Indian Terrain Fashions Limited is growing +19.0% versus a year earlier (3y avg −9.0%). 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 Indian Terrain Fashions Limited (INDTERRAIN)?
Earnings per share at Indian Terrain Fashions Limited are growing +38.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Indian Terrain Fashions Limited (INDTERRAIN) carry?
The net debt of Indian Terrain Fashions Limited is ₹680M (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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