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NEO INFRACON LTD. (NEOINFRA) Fair Value & Analysis

Real Estate · IN · Market cap ₹239M

NI NEO INFRACON LTD. NEOINFRA · BSE
Price₹41.07
Fair Value₹17.76
Upside-56.8%
Quality54/100
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Mixed Growth
Solidly profitable · 11.2% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Moderate moat 64/100
Evidence: High Range ₹10.93 – ₹28.45 Share as image

Fair value as of: Aug 16, 2026

From 14 valuation models · updated 4 days ago

A solid business, but screening 57% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹28.45). The favourable scenario is already priced in.
  • The model range is unusually wide (₹10.93 to ₹28.45). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹52.77 ₹8.56 Fair Value ₹17.76 Mar 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.

How to read this chart

60‑month range ₹8.56 – ₹52.77 · fair‑value band ₹10.93 – ₹28.45 · the ₹41.07 price screens above the ₹17.76 fair value. Dashed = 300-day average. As of Aug 16, 2026.

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Analysis

NEO INFRACON LTD. (NEOINFRA) currently trades at ₹41.07, while our model-based Fair Value estimate is ₹17.76, implying the stock looks roughly 56.8% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, NEO INFRACON LTD. generated revenue of ₹80.0M at a net margin of 11.2%. Revenue declined 58.2% year over year. It earns a return on equity of 12.5%. Net debt stands at ₹155M. Fundamentals as of Aug 16, 2026

Our scenario range runs from ₹10.93 (bear case) to ₹28.45 (bull case); at ₹41.07, the current price sits above 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 25% below its 52-week high and 48% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 45% fair-value upside, at -57%, NEOINFRA screens richer 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 DCF ₹11.18 ₹28.22 ₹54.83 80
Rev-Margin DCF ₹10.71 ₹30.50 ₹71.98 74
Residual Income ₹11.89 ₹13.07 ₹16.96 61
All 14 models by family
DCF Models
FCF DCF ₹13.06 ₹24.95 ₹59.64 38
5Y Revenue Exit ₹8.25 ₹24.60 ₹58.66 39
5Y EBITDA Exit ₹16.34 ₹40.92 ₹89.08 41
10Y Revenue Exit ₹9.28 ₹35.18 ₹50.35 36
10Y EBITDA Exit ₹15.01 ₹50.03 ₹110.07 37
Multiples
P/S Multiple ₹21.56 ₹28.74 ₹35.93 58
P/B Multiple ₹21.56 ₹28.74 ₹35.93 55
EV/EBIT ₹20.86 ₹33.32 ₹45.79 53
EV/EBITDA ₹18.08 ₹29.62 ₹41.16 54
EV/Revenue ₹4.09 ₹12.93 ₹21.77 43
Asset-Based
NCAV (Graham) ₹7.19 ₹9.64 ₹14.38 50
Growth DCF
Growth DCF ₹11.18 ₹28.22 ₹54.83 80
Rev-Margin DCF ₹10.71 ₹30.50 ₹71.98 74
Economic Profit
Residual Income ₹11.89 ₹13.07 ₹16.96 61

Widest divergence: DCF Models (₹35.18) versus Asset-Based (₹9.64). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹80.0M
Revenue growth (YoY) -58.2%
Net margin 11.2%
Return on equity 12.5%
Free cash flow ₹13.2M FY2026
P/E ratio 24.3
More key figures
Operating margin 55.0%
EPS (TTM) ₹1.69
EPS growth (YoY) -38.3%
Net debt ₹155M FY2026

Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 49 · Market factors (momentum, volatility) 55

Profitability 32
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 54
Price trend over the last 3–12 months (market factor)
52W Momentum 62
Distance to the 52-week high (market factor)
Net Issuance 82
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

Neo Infracon Limited engages in the real estate construction and development activities in India. It develops and constructs commercial or industrial building and civil structures, as well as residential complexes. The company was formerly known as Anuvin Industries Limited and changed its name to Neo Infracon Limited in December 2012.

Full company description

Neo Infracon Limited engages in the real estate construction and development activities in India. It develops and constructs commercial or industrial building and civil structures, as well as residential complexes. The company was formerly known as Anuvin Industries Limited and changed its name to Neo Infracon Limited in December 2012. Neo Infracon Limited was incorporated in 1981 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

NEO INFRACON LTD. reported revenue of ₹80.0M in FY2026 versus ₹42.5M in FY2022, a compound +17.1%/yr. Reported net income was ₹9.0M in FY2026, compounding −1.2%/yr from FY2022.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹80.0M
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.
+34.1%
Avg. growth/yr (5Y) 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.
−8.0%
Avg. growth/yr (6Y) 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.
+91.9%
Revenue +17.1%/yr
FY22 ₹42.5M
FY23 ₹64.3M
FY24 ₹38.3M
FY25 ₹102M
FY26 ₹80.0M
Net income −1.2%/yr
FY22 ₹9.4M
FY23 −₹1.7M
FY24 −₹1.3M
FY25 ₹7.9M
FY26 ₹9.0M

NEOINFRA screens 57% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "NEO INFRACON LTD. Fair Value". https://www.fairvalue-calculator.com/stock/NEOINFRA

Peer Group

Real Estate - Development · 592 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 54 · Above median
Fair Value upside −57% · Bottom 25%
Return on equity (TTM) 12% · Top 25%
Return on assets 4% · Top 25%
Net margin (TTM) 11% · Above median
Operating margin (TTM) 55% · Top 25%
Revenue growth -58% · Bottom 25%
Debt / equity 1.19× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 24.3× · Pricier than median
P/B 3.12× · Pricier than 75% of peers
P/S (TTM) 2.98× · Pricier than 75% of peers
P/FCF 0.2× · Cheaper than median
EV/EBITDA 13.3× · Pricier 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
VALUE0 · sector 48
FUTURE0 · sector 0
PAST50 · sector 9
HEALTH40 · sector 85
DIVIDEND0 · sector 55

VALUE 0: the price sits above our fair-value range.

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 Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 16, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹667.10 ₹170.24 -74%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 610.00 IDR 1,525 IDR +150%
PT Sentul City Tbk, BKSL 77.00 IDR 192.50 IDR +150%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is NEO INFRACON LTD. (NEOINFRA) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of ₹17.76 versus a price of ₹41.07, about −57% (overvalued).
What is the fair value of NEOINFRA?
Our model-based fair value for NEO INFRACON LTD. is ₹17.76 (as of Aug 16, 2026), built from audited fundamentals. The current price: ₹41.07.
What is the quality score of NEOINFRA?
NEO INFRACON LTD. has a Quality Score of 54/100. 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 NEO INFRACON LTD. (NEOINFRA)?
NEO INFRACON LTD. reported trailing-twelve-month revenue of about ₹80.0M (latest available figure, as of Aug 16, 2026).
What is the net profit margin of NEOINFRA?
The net profit margin of NEO INFRACON LTD. is about 11.2%, meaning it keeps roughly 11.2% 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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