Sancode Technologies Ltd (SANCODE) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Sancode Technologies Ltd ₹973, price ₹883, upside +10.2%, quality 56 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 4, 2026.
How to read this chart
42‑month range ₹32.65 – ₹883.00 · fair‑value band ₹525.80 – ₹1,262 · the ₹883.00 price screens below the ₹972.63 fair value. Dashed = 300-day average. As of Oct 4, 2026.
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Sancode Technologies Ltd (SANCODE) currently trades at ₹883.00, while our model-based Fair Value estimate is ₹972.63, implying the stock looks roughly 9.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,123 per share, and 12 of the 23 models we run sit above the ₹883.00 price.
Bear case: the Growth DCF group reads lowest at ₹384.22, and 11 of the 23 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹525.80 (bear) to ₹1,262 (bull), the price of ₹883.00 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 56/100 (solid quality), in the Information Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Sancode Technologies Ltd reported revenue of ₹158M in FY2026 versus ₹24.4M in FY2022, a compound +59.4%/yr. Reported net income was ₹4.7M in FY2026, compounding −7.2%/yr from FY2022.
Key figures
Market cap ₹6.2B (≈ $64.2M) · P/E ratio 817.6 · P/S ratio 24.2 · EPS (TTM) ₹1.08 · Net margin 3.0% · Return on equity 7.3% · Return on assets (EBIT) −2.6% · Operating margin 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 888% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Information Technology peers we cover trades at −10% fair-value upside, at 10%, SANCODE screens cheaper than that median.
Fair Value models
Bear ₹525.80Fair Value ₹972.63Bull ₹1,262
Price ₹883.00 · Upside +10.2%
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 (₹0.5740 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.
Highest evidence
FCF DCF₹317.05₹370.11₹523.2676
Growth DCF₹308.98₹384.22₹501.7675
EPV₹403.02₹429.22₹450.7171
All 23 models by family
DCF Models
FCF DCF₹317.05₹370.11₹523.2676
Owner Earnings₹712.01₹1,219₹2,10369
5Y Revenue Exit₹474.90₹729.47₹1,26566
5Y EBITDA Exit₹613.94₹1,010₹1,78768
5Y P/E Exit₹803.36₹1,712₹2,97363
10Y Revenue Exit₹403.70₹742.91₹984.0562
10Y EBITDA Exit₹501.76₹998.15₹1,89760
10Y P/E Exit₹619.98₹1,345₹2,58356
Earnings-Based
Graham-Dodd₹285.48₹1,992₹2,79559
Lynch FV₹1,029₹1,470₹1,91157
PEG = 1.0₹1,029₹1,470₹1,91153
EPV₹403.02₹429.22₹450.7171
Multiples
P/E Multiple₹881.95₹1,176₹1,47063
P/S Multiple₹535.35₹714.02₹892.7058
P/B Multiple₹535.35₹714.02₹892.7055
EV/EBIT₹877.92₹1,108₹1,33866
EV/EBITDA₹775.82₹972.63₹1,16967
EV/Revenue₹536.02₹685.81₹835.6054
Asset-Based
NCAV (Graham)₹343.24₹460.12₹687.1654
Growth DCF
Growth DCF₹308.98₹384.22₹501.7675
Economic Profit
Residual Income₹487.66₹483.63₹507.1466
ROIC Compounder₹403.02₹429.22₹450.7167
Growth Earnings
Growth-Adj P/E₹1,486₹2,123₹2,75963
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.1%
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.
+116.4%
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘ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. 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.
−5.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−5.8%
Dividend (yield on the price)0.0%
Profit margin 2022 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.17% → 3%
Compare Sancode Technologies Ltd with another stock
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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.IT Services · 29 stocks
Beats the industry median on 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Top 25%
Fair Value upside+10.2% · Above median
Profitability
Return on equity (TTM)7.3% · Above median
Return on assets2.9% · Above median
Net margin (TTM)3.0% · Bottom 25%
Operating margin (TTM)8.2% · Above median
Growth and dividend
Revenue growth3.2% · Above median
Balance sheet
Debt / equity0.11× · Highest 25%
Valuation Multiplesvs IT Services median · lower = cheaper
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Is Sancode Technologies Ltd (SANCODE) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ₹972.63 versus a price of ₹883.00, about +10% upside (undervalued).
What is the fair value of SANCODE?
Our model-based fair value for Sancode Technologies Ltd is ₹972.63 (as of Oct 4, 2026), built from audited fundamentals. The current price: ₹883.00.
What is the quality score of SANCODE?
Sancode Technologies Ltd has a Quality Score of 56/100. 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 Sancode Technologies Ltd (SANCODE)?
Our model-based price target is the fair value of ₹972.63 (as of Oct 4, 2026) from 23 valuation models. Cautious scenario ₹525.80, optimistic scenario ₹1,262. It is a calculation from audited fundamentals, not an analyst target.
What is the Sancode Technologies Ltd stock forecast for 2026?
Our models put fair value at ₹972.63, about +10% upside versus a price of ₹883.00 (undervalued). Cautious scenario ₹525.80, optimistic scenario ₹1,262. The calculation is refreshed regularly with new filings.
What is the revenue of Sancode Technologies Ltd (SANCODE)?
Sancode Technologies Ltd reported trailing-twelve-month revenue of about ₹158M (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Sancode Technologies Ltd (SANCODE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sancode Technologies Ltd it is ₹972.63 per share (as of Oct 4, 2026), against a price of ₹883.00. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Sancode Technologies Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, SANCODE trades below its calculated fair value: price ₹883.00, fair value ₹972.63, a gap of about +10% (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 SANCODE?
No. The price is what the market pays today (₹883.00); the fair value is what the company's own numbers justify (₹972.63). For Sancode Technologies Ltd the two are ₹89.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sancode Technologies Ltd worth?
The market values Sancode Technologies Ltd at about ₹6.2B (market capitalisation, as of Oct 4, 2026). Per share that is ₹883.00; our models calculate a fair value of ₹972.63 per share.
What do the bullish and bearish scenarios say about SANCODE?
Our models span a range for Sancode Technologies Ltd: cautious scenario ₹525.80, base ₹972.63, optimistic ₹1,262 per share (as of Oct 4, 2026, price ₹883.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sancode Technologies Ltd (SANCODE)?
Balance-sheet figures for Sancode Technologies Ltd (as of Oct 4, 2026): return on equity 7.3%, debt of 0.11 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is SANCODE from its 52-week high?
Sancode Technologies Ltd trades at ₹883.00, at its 52-week high of ₹883.00 and 888% above the low of ₹89.35 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹972.63 is for.
Which stocks are comparable to Sancode Technologies Ltd?
From the same area (Information Technology) we also value BLUECLOUDS, CEINSYSTECH, ACESOFT, SOFTSOL, 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 Sancode Technologies Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price ₹883.00, calculated fair value ₹972.63 (+10%), Quality Score 56/100, from 23 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 SANCODE calculated?
We run Sancode Technologies Ltd through 23 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 ₹972.63, 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. Sancode Technologies Ltd currently trades 9 % 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 Sancode Technologies Ltd (SANCODE)?
The closing price on Oct 9, 2026 was ₹883.00. Our model-based fair value is ₹972.63, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sancode Technologies Ltd right now?
A fairly wide model range (₹525.80 to ₹1,262) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Sancode Technologies Ltd
How large is the market capitalisation of Sancode Technologies Ltd (SANCODE)?
The market capitalisation of Sancode Technologies Ltd is ₹6.2B (≈ $64.2M). 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/E ratio of Sancode Technologies Ltd (SANCODE)?
The price-to-earnings ratio of Sancode Technologies Ltd is 817.6. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Sancode Technologies Ltd (SANCODE)?
The price-to-sales ratio of Sancode Technologies Ltd is 24.2 (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 Sancode Technologies Ltd (SANCODE)?
Earnings per share at Sancode Technologies Ltd are ₹1.08 (price ÷ EPS = P/E 817.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sancode Technologies Ltd (SANCODE)?
The net margin of Sancode Technologies Ltd is 3.0% (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 Sancode Technologies Ltd (SANCODE)?
The return on equity (ROE) of Sancode Technologies Ltd is 7.3% (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 Sancode Technologies Ltd (SANCODE)?
On an EBIT basis the return on assets of Sancode Technologies Ltd is −2.6% (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 Sancode Technologies Ltd (SANCODE)?
The operating margin of Sancode Technologies Ltd is 8.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sancode Technologies Ltd (SANCODE)?
Revenue at Sancode Technologies Ltd is growing +3.2% versus a year earlier (3y avg +116%). 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 Sancode Technologies Ltd (SANCODE)?
Earnings per share at Sancode Technologies Ltd are growing −63.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sancode Technologies Ltd (SANCODE) generate?
The free cash flow of Sancode Technologies Ltd is ₹1.1M (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 Sancode Technologies Ltd (SANCODE) carry?
The net debt of Sancode Technologies Ltd is ₹3.7M (fiscal year 2025, ≈ 3.4 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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