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KCL Infra Projects Ltd (KCLINFRA) Fair Value & Analysis

Industrials · IN · Market cap ₹223M

KI KCL Infra Projects Ltd KCLINFRA · BSE
Price₹1.13
Fair Value₹1.67
Upside+47.8%
Quality39/100
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Mixed Growth
Thin margins · 2.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/11)
Narrow moat 16/100
Evidence: Medium Range ₹1.25 – ₹2.09 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated 6 days ago

Below-average quality, screening 48% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹1.25). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

₹4.56 ₹0.4759 Fair Value ₹1.67 Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹0.4759 – ₹4.56 · fair‑value band ₹1.25 – ₹2.09 · the ₹1.13 price screens below the ₹1.67 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

KCL Infra Projects Ltd (KCLINFRA) currently trades at ₹1.13, while our model-based Fair Value estimate is ₹1.67, implying the stock looks roughly 47.8% undervalued today. The Quality Score stands at 39/100 (below-average quality), in the Industrials 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, KCL Infra Projects Ltd generated revenue of ₹588M at a net margin of 2.8%. It earns a return on equity of 3.0%. Net debt stands at ₹10.4M. The stock trades on a trailing P/E of 10.3. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1.25 (bear case) to ₹2.09 (bull case); at ₹1.13, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 37% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 48%, KCLINFRA screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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. Evidence
Highest evidence
Growth-Adj P/E ₹3.15 ₹4.50 ₹5.85 68
P/E Multiple ₹1.55 ₹2.06 ₹2.58 63
Residual Income ₹2.18 ₹2.03 ₹1.47 61
All 10 models by family
DCF Models
Owner Earnings ₹1.08 ₹2.15 ₹4.04 31
Earnings-Based
Graham-Dodd ₹0.6700 ₹4.66 ₹6.54 54
Lynch FV ₹2.41 ₹3.44 ₹4.47 50
PEG = 1.0 ₹2.41 ₹3.44 ₹4.47 46
Multiples
P/E Multiple ₹1.55 ₹2.06 ₹2.58 63
P/S Multiple ₹1.25 ₹1.67 ₹2.09 58
P/B Multiple ₹1.25 ₹1.67 ₹2.09 55
Asset-Based
NCAV (Graham) ₹1.68 ₹2.25 ₹3.36 50
Economic Profit
Residual Income ₹2.18 ₹2.03 ₹1.47 61
Growth Earnings
Growth-Adj P/E ₹3.15 ₹4.50 ₹5.85 68

Widest divergence: Growth Earnings (₹4.50) versus Multiples (₹1.67). Highest evidence: Growth-Adj P/E (68).

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Key figures & financial health

Revenue (TTM) ₹588M
Revenue growth (YoY) +385%
Net margin 2.8%
Return on equity 3.0%
Free cash flow −₹104M FY2026
P/E ratio 10.3
More key figures
Operating margin -1.4%
EPS (TTM) ₹0.1100
EPS growth (YoY) +1,297%
Net debt ₹10.4M FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 39 · Market factors (momentum, volatility) 34

Profitability 22
Margins and returns on capital today
Quality Growth 52
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 47
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 70
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 90
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

KCL Infra Projects Limited engages in the construction and development of infrastructure projects in India. The company's projects include various infrastructure works, such as civil engineering, road construction, and high-rise buildings for commercial and residential use. It also trades in derivative equity and units; and provides consultancy services.

Full company description

KCL Infra Projects Limited engages in the construction and development of infrastructure projects in India. The company's projects include various infrastructure works, such as civil engineering, road construction, and high-rise buildings for commercial and residential use. It also trades in derivative equity and units; and provides consultancy services. The company was formerly known as Kadamb Constructions Limited and changed its name to KCL Infra Projects Limited in November 2009. KCL Infra Projects Limited was founded in 1995 and is based in Indore, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

KCL Infra Projects Ltd reported revenue of ₹588M in FY2026 versus ₹156M in FY2022, a compound +39.4%/yr. Reported net income was ₹16.6M in FY2026, compounding +36.3%/yr from FY2022.

Growth Quality 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹588M
Latest YoY
+383.2%
Avg. growth/yr (3Y) 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.
+44.4%
Avg. growth/yr (12Y) 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.
+22.6%
Revenue +39.4%/yr
FY22 ₹156M
FY23 ₹195M
FY24 ₹85.6M
FY25 ₹122M
FY26 ₹588M
Net income +36.3%/yr
FY22 ₹4.8M
FY23 ₹7.9M
FY24 ₹8.7M
FY25 ₹5.2M
FY26 ₹16.6M

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Cite: Fair Value Calculator (2026). "KCL Infra Projects Ltd Fair Value". https://www.fairvalue-calculator.com/stock/KCLINFRA

Peer Group

Engineering & Construction · 834 stocks

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.

Quality Score 39 · Bottom 25%
Fair Value upside +48% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 3% · Below median
Operating margin (TTM) -1% · Bottom 25%
Revenue growth 385% · Top 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 10.3× · Cheaper than 75% of peers
P/B 0.39× · Cheaper than 75% of peers
P/S (TTM) 0.38× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE97 · sector 19
FUTURE100 · sector 14
PAST12 · sector 26
HEALTH97 · sector 94
DIVIDEND0 · sector 39

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is KCL Infra Projects Ltd (KCLINFRA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1.67 versus a price of ₹1.13, about +48% (undervalued).
What is the fair value of KCLINFRA?
Our model-based fair value for KCL Infra Projects Ltd is ₹1.67 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹1.13.
What is the quality score of KCLINFRA?
KCL Infra Projects Ltd has a Quality Score of 39/100. 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 revenue of KCL Infra Projects Ltd (KCLINFRA)?
KCL Infra Projects Ltd reported trailing-twelve-month revenue of about ₹588M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KCLINFRA?
The net profit margin of KCL Infra Projects Ltd is about 2.8%, meaning it keeps roughly 2.8% 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.

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