Jindal Photo Limited (JINDALPHOT) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Jindal Photo Limited ₹846, price ₹1,032, upside -18.0%, 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 Oct 2, 2026.
How to read this chart
60‑month range ₹66.00 – ₹1,556 · fair‑value band ₹634.66 – ₹1,058 · the ₹1,032 price screens above the ₹846.22 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Jindal Photo Limited operates as an investment company in India. The company engages in the business of holding strategic investment in the shares and securities of group companies. It also provides management consultancy services. Jindal Photo Limited was incorporated in 2004 and is headquartered in New Delhi, India.
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Jindal Photo Limited operates as an investment company in India. The company engages in the business of holding strategic investment in the shares and securities of group companies. It also provides management consultancy services. Jindal Photo Limited was incorporated in 2004 and is headquartered in New Delhi, India. Jindal Photo Limited operates as a subsidiary of Concatenate Power Advest Private Limited
Stock analysis
Jindal Photo Limited (JINDALPHOT) currently trades at ₹1,032, while our model-based Fair Value estimate is ₹846.22, 18.0% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 14 models at a data quality of 96/100, which puts the evidence level at medium.
Scenario range: ₹634.66 (bear) to ₹1,058 (bull), the price of ₹1,032 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 Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Jindal Photo Limited reported revenue of ₹126M in FY2026 versus ₹472K in FY2022, a compound +304.3%/yr. Reported net income was −₹228M in FY2026.
Key figures
Market cap ₹10.6B (≈ $110M) · P/S ratio 53.0 · EPS (TTM) ₹−60.56 · Return on equity 9.1% · Return on assets (EBIT) 0.3% · Operating margin 98.0% · Revenue (TTM) ₹200M · Revenue growth (YoY) +13.8%.
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 34% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −18%, JINDALPHOT screens richer than that median.
Fair Value models
Bear ₹634.66Fair Value ₹846.22Bull ₹1,058
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.73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+2,447.5%
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.
+980.4%
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.
+122.0%
Start year 2021 (pandemic). Over 10 years: −37.7% 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.
−15.7%
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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.
−1,672.8% (2020) → 57.7% (2025)
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
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).
+68.1%
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 +61.4% a year for the price.
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.Asset Management · 647 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−18.0% · Below median
Profitability
Return on equity (TTM)9.1% · Above median
Return on assets0.4% · Below median
Net margin (TTM)−180.7% · Bottom 25%
Operating margin (TTM)98.0% · Top 25%
Growth and dividend
Revenue growth13.8% · Above median
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Jindal Photo Limited (JINDALPHOT) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹846.22 versus a price of ₹1,032, about −18% upside (overvalued).
What is the fair value of JINDALPHOT?
Our model-based fair value for Jindal Photo Limited is ₹846.22 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹1,032.
What is the quality score of JINDALPHOT?
Jindal Photo 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 Jindal Photo Limited (JINDALPHOT)?
Our model-based price target is the fair value of ₹846.22 (as of Oct 2, 2026) from 2 valuation models. Cautious scenario ₹634.66, optimistic scenario ₹1,058. It is a calculation from audited fundamentals, not an analyst target.
What is the Jindal Photo Limited stock forecast for 2026?
Our models put fair value at ₹846.22, about −18% upside versus a price of ₹1,032 (overvalued). Cautious scenario ₹634.66, optimistic scenario ₹1,058. The calculation is refreshed regularly with new filings.
What is the revenue of Jindal Photo Limited (JINDALPHOT)?
Jindal Photo Limited reported trailing-twelve-month revenue of about ₹200M (latest available figure, as of Oct 2, 2026).
What growth is priced into Jindal Photo Limited (JINDALPHOT)?
For today's price to be fair in a discounted-cash-flow model, Jindal Photo Limited would have to grow free cash flow by +68.1 % per year for five years (discount rate 15.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +122.0 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of JINDALPHOT use?
Our models discount Jindal Photo Limited at 15.4 %: a base by market capitalisation (micro), 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 Jindal Photo Limited that is +68.1 % per year a year over ten years, using the same discount rate (15.4 %) and the same formula as our fair value.
How much growth has Jindal Photo Limited (JINDALPHOT) delivered so far?
Over the past 5 years revenue at Jindal Photo Limited grew +122.0 % a year. The price currently implies +68.1 % 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 Jindal Photo Limited (JINDALPHOT) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Jindal Photo Limited (+68.1 % 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 Jindal Photo Limited (JINDALPHOT)?
The free-cash-flow yield on the price is 0.70 %: that much free cash flow Jindal Photo Limited produces per unit of market value. When it exceeds the discount rate of our models (15.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jindal Photo Limited (JINDALPHOT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jindal Photo Limited it is ₹846.22 per share (as of Oct 2, 2026), against a price of ₹1,032. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Jindal Photo Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, JINDALPHOT trades above its calculated fair value: price ₹1,032, fair value ₹846.22, a gap of about −18% (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 JINDALPHOT?
No. The price is what the market pays today (₹1,032); the fair value is what the company's own numbers justify (₹846.22). For Jindal Photo Limited the two are ₹185.58 per share apart. That gap is exactly why we show both numbers side by side.
How much is Jindal Photo Limited worth?
The market values Jindal Photo Limited at about ₹10.6B (market capitalisation, as of Oct 2, 2026). Per share that is ₹1,032; our models calculate a fair value of ₹846.22 per share.
What do the bullish and bearish scenarios say about JINDALPHOT?
Our models span a range for Jindal Photo Limited: cautious scenario ₹634.66, base ₹846.22, optimistic ₹1,058 per share (as of Oct 2, 2026, price ₹1,032). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Jindal Photo Limited (JINDALPHOT)?
Balance-sheet figures for Jindal Photo Limited (as of Oct 2, 2026): return on equity 9.1%, debt of 0.06 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is JINDALPHOT from its 52-week high?
Jindal Photo Limited trades at ₹1,032, about 34% below its 52-week high of ₹1,556 and 5% above the low of ₹981.70 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹846.22 is for.
Which stocks are comparable to Jindal Photo Limited?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 Jindal Photo Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹1,032, calculated fair value ₹846.22 (−18%), Quality Score 64/100, from 2 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 JINDALPHOT calculated?
We run Jindal Photo Limited through 2 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 ₹846.22, 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 15.1 % above its aggregate fair value. Jindal Photo 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 Jindal Photo Limited (JINDALPHOT)?
The closing price on Oct 1, 2026 was ₹1,032. Our model-based fair value is ₹846.22, about −18% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jindal Photo Limited right now?
Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Jindal Photo Limited
How large is the market capitalisation of Jindal Photo Limited (JINDALPHOT)?
The market capitalisation of Jindal Photo Limited is ₹10.6B (≈ $110M). 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 Jindal Photo Limited (JINDALPHOT)?
The price-to-sales ratio of Jindal Photo Limited is 53.0 (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 Jindal Photo Limited (JINDALPHOT)?
Earnings per share at Jindal Photo Limited are ₹−60.56. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Jindal Photo Limited (JINDALPHOT)?
The return on equity (ROE) of Jindal Photo Limited is 9.1% (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 Jindal Photo Limited (JINDALPHOT)?
On an EBIT basis the return on assets of Jindal Photo Limited is 0.3% (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 Jindal Photo Limited (JINDALPHOT)?
The operating margin of Jindal Photo Limited is 98.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jindal Photo Limited (JINDALPHOT)?
Revenue at Jindal Photo Limited is growing +13.8% versus a year earlier (3y avg +980%). 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 Jindal Photo Limited (JINDALPHOT)?
Earnings per share at Jindal Photo Limited are growing −75.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Jindal Photo Limited (JINDALPHOT) carry?
The net debt of Jindal Photo Limited is ₹648M (fiscal year 2026, ≈ 8.7 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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