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ODYSSEY TECHNOLOGIES LTD.-$ (ODYSSEY) Fair Value & Analysis

Technology · IN · Market cap ₹682M

OT ODYSSEY TECHNOLOGIES LTD.-$ ODYSSEY · BSE
Price₹36.44
Fair Value₹42.90
Upside+17.7%
Quality62/100
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Strengths

Trades 18% below our fair value of ₹42.90
Healthy Growth
Solidly profitable · 14.7% net margin
Low debt · generates free cash flow

Risks

!Moderate moat 48/100
!Weak on future: 15 out of 100
!Weak on past: 28 out of 100
Healthy Growth
Solidly profitable · 14.7% net margin
Low debt · generates free cash flow
2.40% dividend yield
Ranks above peers (12/14)
Moderate moat 48/100
Evidence: High Range ₹32.18 – ₹53.63 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 9 days ago

Fair value updated Aug 13, 2026, revised from ₹39.76 to ₹42.90 (+7.9%) since Aug 12, 2026.

A solid business, screening 18% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Our model range runs from ₹32.18 (bear) to ₹53.63 (bull), base ₹42.90. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

₹168.89 ₹34.57 Fair Value ₹42.90 Mar 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 ₹34.57 – ₹168.89 · fair‑value band ₹32.18 – ₹53.63 · the ₹36.44 price screens below the ₹42.90 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

ODYSSEY TECHNOLOGIES LTD.-$ (ODYSSEY) currently trades at ₹36.44, while our model-based Fair Value estimate is ₹42.90, implying the stock looks roughly 17.7% undervalued today. The Quality Score stands at 62/100 (solid quality), in the Technology 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: high), always confirm before acting.

Over the trailing twelve months, ODYSSEY TECHNOLOGIES LTD.-$ generated revenue of ₹273M at a net margin of 14.7%. Revenue grew 2.9% year over year. It earns a return on equity of 6.9%. Net debt stands at ₹8.2M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹32.18 (bear case) to ₹53.63 (bull case); at ₹36.44, the current price sits within 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 64% below its 52-week high and 9% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -55% fair-value upside, at 18%, ODYSSEY 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 DCF ₹50.29 ₹61.77 ₹77.30 80
Residual Income ₹28.29 ₹29.00 ₹28.56 76
Rev-Margin DCF ₹44.46 ₹53.78 ₹65.14 74
All 26 models by family
DCF Models
FCF DCF ₹50.36 ₹62.78 ₹80.37 38
Owner Earnings ₹61.20 ₹79.43 ₹105.23 31
5Y Revenue Exit ₹44.46 ₹53.65 ₹65.36 39
5Y EBITDA Exit ₹55.78 ₹75.71 ₹99.65 41
5Y P/E Exit ₹65.20 ₹94.05 ₹125.61 38
10Y Revenue Exit ₹46.18 ₹54.89 ₹66.75 36
10Y EBITDA Exit ₹53.27 ₹69.20 ₹91.59 37
10Y P/E Exit ₹58.85 ₹81.10 ₹110.39 35
Earnings-Based
Graham-Dodd ₹17.16 ₹64.55 ₹87.33 54
Lynch FV ₹15.60 ₹22.28 ₹28.97 50
PEG = 1.0 ₹15.60 ₹22.28 ₹28.97 46
EPV ₹37.74 ₹39.18 ₹40.39 59
Dividend Discount
Gordon GGM ₹7.75 ₹13.97 ₹19.23 70
DDM Multi-Stage ₹7.75 ₹12.76 ₹14.92 61
Multiples
P/E Multiple ₹53.00 ₹70.66 ₹88.33 63
P/S Multiple ₹32.18 ₹42.90 ₹53.63 58
P/B Multiple ₹32.18 ₹42.90 ₹53.63 55
EV/EBIT ₹55.15 ₹64.48 ₹73.82 53
EV/EBITDA ₹62.98 ₹74.92 ₹86.86 54
EV/Revenue ₹41.31 ₹47.37 ₹53.44 43
Asset-Based
NCAV (Graham) ₹18.63 ₹24.97 ₹37.27 50
Growth DCF
Growth DCF ₹50.29 ₹61.77 ₹77.30 80
Rev-Margin DCF ₹44.46 ₹53.78 ₹65.14 74
Economic Profit
Residual Income ₹28.29 ₹29.00 ₹28.56 76
ROIC Compounder ₹37.89 ₹40.34 ₹43.40 72
Growth Earnings
Growth-Adj P/E ₹34.51 ₹49.30 ₹64.09 68

Widest divergence: DCF Models (₹69.20) versus Dividend Discount (₹12.76). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹273M
Revenue growth (YoY) +2.9%
Net margin 14.7%
Return on equity 6.9%
Free cash flow ₹37.4M FY2026
P/E ratio 14.5
More key figures
Operating margin 18.0%
EPS (TTM) ₹2.52
Dividend yield 2.4%
EPS growth (YoY) -0.3%
Net debt ₹8.2M FY2018

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 63 · Market factors (momentum, volatility) 19

Profitability 39
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 62
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 73
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 77
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

Odyssey Technologies Limited develops software focusing on public key infrastructure, cryptography, and other related services in India. The company's authentication solutions include Snorkel-TX, a multifactor authentication server; and Snorkel-BX, a file transfer application.

Full company description

Odyssey Technologies Limited develops software focusing on public key infrastructure, cryptography, and other related services in India. The company's authentication solutions include Snorkel-TX, a multifactor authentication server; and Snorkel-BX, a file transfer application. It also offers Certrix, a certification authority server for issuing and managing digital certificates; ERA Server, a registration authority server to resolve user-base problems; CerTrust, a certificate validation solution for enterprises for managing digital certificates; ClockTix, a time stamping server; and Crypta Key Crawler that discovers and manages digital certificates and keys across the enterprise. In addition, the company offers Odyssey ERA registration and other subscriber interaction functions; eSign, an electronic signature service; eKyc; and AltaSigna ASP. Further, it offers AltaSigna Enterprise, a document creation, signing, and distribution application; AltaSigna Maple, an automated signing and verification tool; and AltaSigna Pine, an e-mandate signature and verification solution. Additionally, it offers Crypta Vault that tokenizes and secures sensitive data. The company was incorporated in 1990 and is headquartered in Chennai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

ODYSSEY TECHNOLOGIES LTD.-$ reported revenue of ₹273M in FY2026 versus ₹227M in FY2022, a compound +4.8%/yr. Reported net income was ₹40.2M in FY2026, compounding −3.3%/yr from FY2022.

Growth Quality 87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹273M
Latest YoY
+0.2%
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.
+4.1%
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.
+10.5%
Avg. growth/yr (13Y) 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.
+12.8%
Revenue +4.8%/yr
FY22 ₹227M
FY23 ₹242M
FY24 ₹263M
FY25 ₹273M
FY26 ₹273M
Net income −3.3%/yr
FY22 ₹46.0M
FY23 ₹43.7M
FY24 ₹44.5M
FY25 ₹43.3M
FY26 ₹40.2M

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Cite: Fair Value Calculator (2026). "ODYSSEY TECHNOLOGIES LTD.-$ Fair Value". https://www.fairvalue-calculator.com/stock/ODYSSEY

Peer Group

Software - Infrastructure · 376 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 62 · Above median
Fair Value upside +18% · Top 25%
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth 3% · Below median
Dividend yield (TTM) 2.7% · Above median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 14.5× · Cheaper than median
P/B 1.15× · Cheaper than median
P/S (TTM) 2.50× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 5.9× · Cheaper than 75% of peers

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
VALUE57 · sector 1
FUTURE15 · sector 49
PAST28 · sector 12
HEALTH100 · sector 99
DIVIDEND55 · sector 26

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

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Frequently asked questions

Is ODYSSEY TECHNOLOGIES LTD.-$ (ODYSSEY) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹42.90 versus a price of ₹36.44, about +18% (undervalued).
What is the fair value of ODYSSEY?
Our model-based fair value for ODYSSEY TECHNOLOGIES LTD.-$ is ₹42.90 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹36.44.
What is the quality score of ODYSSEY?
ODYSSEY TECHNOLOGIES LTD.-$ has a Quality Score of 62/100. 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 ODYSSEY TECHNOLOGIES LTD.-$ (ODYSSEY)?
ODYSSEY TECHNOLOGIES LTD.-$ reported trailing-twelve-month revenue of about ₹273M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of ODYSSEY?
The net profit margin of ODYSSEY TECHNOLOGIES LTD.-$ is about 14.7%, meaning it keeps roughly 14.7% of revenue as net income. Based on the latest reported figures.
Does ODYSSEY TECHNOLOGIES LTD.-$ pay a dividend?
ODYSSEY TECHNOLOGIES LTD.-$ currently shows a dividend yield of about 2.40% relative to its recent price (as of Aug 13, 2026).

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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