KCL Infra Projects Ltd (KCLINFRA) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of KCL Infra Projects Ltd ₹2.04, price ₹1.21, upside +68.6%, quality 39 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 ₹0.4861 – ₹4.56 · fair‑value band ₹2.04 – ₹2.09 · the ₹1.21 price screens below the ₹2.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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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.
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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.
Stock analysis
KCL Infra Projects Ltd (KCLINFRA) currently trades at ₹1.21, while our model-based Fair Value estimate is ₹2.04, implying the stock looks roughly 40.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹4.50 per share, and 10 of the 10 models we run sit above the ₹1.21 price.
Bear case: the Multiples group reads lowest at ₹1.67, and 0 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹2.04 (bear) to ₹2.09 (bull), the price of ₹1.21 sits below 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 39/100 (below-average quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap ₹204M (≈ $2.1M) · P/E ratio 12.1 · P/S ratio 0.34 · EPS (TTM) ₹0.1000 · Net margin 2.8% · Return on equity 3.0% · Return on assets (EBIT) −1.0% · Operating margin 1.1%.
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 19% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at 69%, KCLINFRA screens cheaper than that median.
Fair Value models
Bear ₹2.04Fair Value ₹2.04Bull ₹2.09
Price ₹1.21 · Upside +68.6%
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.0512 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.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.50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+383.2%
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.
+44.4%
Revenue growth 12 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.
+22.6%
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What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+26.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+26.2%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.2% vs 4.7%, slowing
Profit margin 2021 to 2026 ⓘ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.−7% → −1%
2026 sits 219% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
⚠ Revenue per share shrinking 27.4%/yr over ~7Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Engineering & Construction · 788 stocks
Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside+68.6% · Top 25%
Profitability
Return on equity (TTM)3.0% · Below median
Return on assets−0.5% · Bottom 25%
Net margin (TTM)2.1% · Below median
Operating margin (TTM)1.1% · Below median
Growth and dividend
Revenue growth26.4% · Top 25%
Balance sheet
Debt / equity0.05× · Below median
Valuation Multiplesvs Engineering & Construction 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.
Cite: Fair Value Calculator (2026). "KCL Infra Projects Ltd Fair Value". https://www.fairvalue-calculator.com/stock/KCLINFRA
Frequently asked questions
Is KCL Infra Projects Ltd (KCLINFRA) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹2.04 versus a price of ₹1.21, about +69% upside (undervalued).
What is the fair value of KCLINFRA?
Our model-based fair value for KCL Infra Projects Ltd is ₹2.04 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹1.21.
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 price target for KCL Infra Projects Ltd (KCLINFRA)?
Our model-based price target is the fair value of ₹2.04 (as of Sep 27, 2026) from 10 valuation models. Cautious scenario ₹2.04, optimistic scenario ₹2.09. It is a calculation from audited fundamentals, not an analyst target.
What is the KCL Infra Projects Ltd stock forecast for 2026?
Our models put fair value at ₹2.04, about +69% upside versus a price of ₹1.21 (undervalued). Cautious scenario ₹2.04, optimistic scenario ₹2.09. The calculation is refreshed regularly with new filings.
What is the revenue of KCL Infra Projects Ltd (KCLINFRA)?
KCL Infra Projects Ltd reported trailing-twelve-month revenue of about ₹775M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of KCL Infra Projects Ltd (KCLINFRA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For KCL Infra Projects Ltd it is ₹2.04 per share (as of Sep 27, 2026), against a price of ₹1.21. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is KCL Infra Projects Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, KCLINFRA trades below its calculated fair value: price ₹1.21, fair value ₹2.04, a gap of about +69% (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 KCLINFRA?
No. The price is what the market pays today (₹1.21); the fair value is what the company's own numbers justify (₹2.04). For KCL Infra Projects Ltd the two are ₹0.8300 per share apart. That gap is exactly why we show both numbers side by side.
How much is KCL Infra Projects Ltd worth?
The market values KCL Infra Projects Ltd at about ₹204M (market capitalisation, as of Sep 27, 2026). Per share that is ₹1.21; our models calculate a fair value of ₹2.04 per share.
What do the bullish and bearish scenarios say about KCLINFRA?
Our models span a range for KCL Infra Projects Ltd: cautious scenario ₹2.04, base ₹2.04, optimistic ₹2.09 per share (as of Sep 27, 2026, price ₹1.21). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KCLINFRA?
KCL Infra Projects Ltd trades at a price-to-earnings ratio of 12.1 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹2.04 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.3.
How solid is the balance sheet of KCL Infra Projects Ltd (KCLINFRA)?
Balance-sheet figures for KCL Infra Projects Ltd (as of Sep 27, 2026): return on equity 3.0%, debt of 0.05 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is KCLINFRA from its 52-week high?
KCL Infra Projects Ltd trades at ₹1.21, about 19% below its 52-week high of ₹1.50 and 17% above the low of ₹1.03 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2.04 is for.
Which stocks are comparable to KCL Infra Projects Ltd?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro 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 KCL Infra Projects Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price ₹1.21, calculated fair value ₹2.04 (+69%), Quality Score 39/100, from 10 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 KCLINFRA calculated?
We run KCL Infra Projects Ltd through 10 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 ₹2.04, 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 14.9 % above its aggregate fair value. KCL Infra Projects Ltd currently trades 41 % 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 KCL Infra Projects Ltd (KCLINFRA)?
The closing price on Oct 1, 2026 was ₹1.21. Our model-based fair value is ₹2.04, about +69% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with KCL Infra Projects Ltd right 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 (₹2.04). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. The models converge in a tight band (₹2.04 to ₹2.09), unusually little disagreement for a valuation.
Key figures of KCL Infra Projects Ltd
How large is the market capitalisation of KCL Infra Projects Ltd (KCLINFRA)?
The market capitalisation of KCL Infra Projects Ltd is ₹204M (≈ $2.1M). 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 KCL Infra Projects Ltd (KCLINFRA)?
The price-to-sales ratio of KCL Infra Projects Ltd is 0.34 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of KCL Infra Projects Ltd (KCLINFRA)?
Earnings per share at KCL Infra Projects Ltd are ₹0.1000 (price ÷ EPS = P/E 12.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of KCL Infra Projects Ltd (KCLINFRA)?
The net margin of KCL Infra Projects Ltd is 2.8% (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 KCL Infra Projects Ltd (KCLINFRA)?
The return on equity (ROE) of KCL Infra Projects Ltd is 3.0% (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 KCL Infra Projects Ltd (KCLINFRA)?
On an EBIT basis the return on assets of KCL Infra Projects Ltd is −1.0% (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 KCL Infra Projects Ltd (KCLINFRA)?
The operating margin of KCL Infra Projects Ltd is 1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at KCL Infra Projects Ltd (KCLINFRA)?
Revenue at KCL Infra Projects Ltd is growing +26.4% versus a year earlier (3y avg +44.4%). 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 KCL Infra Projects Ltd (KCLINFRA)?
Earnings per share at KCL Infra Projects Ltd are growing +0.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does KCL Infra Projects Ltd (KCLINFRA) generate?
The free cash flow of KCL Infra Projects Ltd is −₹104M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does KCL Infra Projects Ltd (KCLINFRA) carry?
The net debt of KCL Infra Projects Ltd is ₹10.4M (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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