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Semac Consultants Limited (SEMAC) Fair Value & Analysis

Industrials · IN · Market cap ₹1.1B

SC Semac Consultants Limited SEMAC · NSE
Price₹310.95
Fair Value₹433.78
Upside+39.5%
Quality71/100
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Healthy Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Ranks above peers (9/14)
Narrow moat 29/100
Evidence: High Range ₹350.01 – ₹517.56 Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated 4 days ago

Share price +0.6% over the past month.

A solid business, screening 40% undervalued on our models.

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What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (₹350.01). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

₹3,423 ₹209.77 Fair Value ₹433.78 May 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 ₹209.77 – ₹3,423 · fair‑value band ₹350.01 – ₹517.56 · the ₹310.95 price screens below the ₹433.78 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Semac Consultants Limited (SEMAC) currently trades at ₹310.95, while our model-based Fair Value estimate is ₹433.78, implying the stock looks roughly 39.5% undervalued today. The Quality Score stands at 71/100 (solid 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: high), always confirm before acting.

Over the trailing twelve months, Semac Consultants Limited generated revenue of ₹2.4B at a net margin of 3.0%. Revenue grew 2.1% year over year. It earns a return on equity of 8.8%. The balance sheet holds a net cash position of ₹308M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹350.01 (bear case) to ₹517.56 (bull case); at ₹310.95, 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 45% below its 52-week high and 52% 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 40%, SEMAC 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 ₹1,094 ₹1,753 ₹2,789 80
Residual Income ₹209.55 ₹222.42 ₹242.76 76
Rev-Margin DCF ₹678.22 ₹932.03 ₹1,473 74
All 24 models by family
DCF Models
FCF DCF ₹1,155 ₹1,599 ₹2,926 38
Owner Earnings ₹528.97 ₹893.98 ₹1,571 31
5Y Revenue Exit ₹639.46 ₹837.11 ₹1,240 39
5Y EBITDA Exit ₹672.42 ₹903.67 ₹1,352 41
5Y P/E Exit ₹749.01 ₹1,253 ₹1,908 38
10Y Revenue Exit ₹808.62 ₹1,245 ₹1,432 36
10Y EBITDA Exit ₹837.82 ₹1,310 ₹2,033 37
10Y P/E Exit ₹888.91 ₹1,460 ₹2,327 35
Earnings-Based
Graham-Dodd ₹156.40 ₹1,091 ₹1,531 54
Lynch FV ₹549.01 ₹784.30 ₹1,020 50
PEG = 1.0 ₹549.01 ₹784.30 ₹1,020 46
EPV ₹339.02 ₹359.52 ₹376.61 59
Multiples
P/E Multiple ₹362.25 ₹483.00 ₹603.75 63
P/S Multiple ₹293.25 ₹391.00 ₹488.75 58
P/B Multiple ₹293.25 ₹391.00 ₹488.75 55
EV/EBIT ₹454.91 ₹543.66 ₹632.41 53
EV/EBITDA ₹440.00 ₹523.78 ₹607.55 54
EV/Revenue ₹378.70 ₹460.13 ₹541.57 43
Asset-Based
NCAV (Graham) ₹131.06 ₹175.62 ₹262.12 50
Growth DCF
Growth DCF ₹1,094 ₹1,753 ₹2,789 80
Rev-Margin DCF ₹678.22 ₹932.03 ₹1,473 74
Economic Profit
Residual Income ₹209.55 ₹222.42 ₹242.76 76
ROIC Compounder ₹383.22 ₹479.16 ₹548.33 72
Growth Earnings
Growth-Adj P/E ₹721.58 ₹1,031 ₹1,340 68

Widest divergence: DCF Models (₹1,245) versus Asset-Based (₹175.62). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.4B
Revenue growth (YoY) +2.1%
Net margin 3.0%
Return on equity 8.8%
Free cash flow ₹221M FY2026
P/E ratio 13.3
More key figures
Operating margin 5.1%
EPS (TTM) ₹23.33
EPS growth (YoY) +520%
Net cash ₹308M FY2026

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

Quality Score breakdown

Overall quality 71/100

Of which business quality 69 · Market factors (momentum, volatility) 34

Profitability 41
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 57
Calm price path (market factor)
Momentum 31
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 89
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

Semac Construction Limited provides integrated design, engineering, procurement, construction, and consultancy services for commercial and industrial projects in India.

Full company description

Semac Construction Limited provides integrated design, engineering, procurement, construction, and consultancy services for commercial and industrial projects in India. The company engages in the business of engineering and procurement contractors, general engineers, mechanical engineers, process engineers, civil engineers, general mechanical and civil contractors, architectural structural, mechanical, electrical, plumbing, and fire suppression, as well as offers project management services. It also constructs, builds, develops, maintains, operates, owns, and transfers infrastructure facilities, including housing, roads, highways, bridges, airports, ports, rail systems, water supply projects, irrigation projects, water treatment systems, solid waste management systems, inland water ways and ports, and allied activities. The company was formerly known as Semac Consultants Limited and changed its name to Semac Construction Limited in May 2025. Semac Construction Limited was incorporated in 1962 and is headquartered in Gurugram, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Semac Consultants Limited reported revenue of ₹2.4B in FY2026 versus ₹796M in FY2022, a compound +32.1%/yr. Reported net income was ₹71.7M in FY2026, compounding +34.1%/yr from FY2022.

Growth Quality 88/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.4B
Latest YoY
+40.4%
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.
−9.3%
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.
+12.9%
Revenue +32.1%/yr
FY22 ₹796M
FY23 ₹3.3B
FY24 ₹1.3B
FY25 ₹1.7B
FY26 ₹2.4B
Net income +34.1%/yr
FY22 ₹22.2M
FY23 ₹184M
FY24 −₹323M
FY25 −₹695K
FY26 ₹71.7M

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Cite: Fair Value Calculator (2026). "Semac Consultants Limited Fair Value". https://www.fairvalue-calculator.com/stock/SEMAC

Peer Group

Engineering & Construction · 838 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 71 · Top 25%
Fair Value upside +40% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 2% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 2% · Below median
Dividend yield (TTM) 1.2% · Below median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 13.3× · Cheaper than median
P/B 1.34× · Pricier than median
P/S (TTM) 0.45× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 6.3× · 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.

VALUE 86 · sector 15
FUTURE 11 · sector 14
PAST 35 · sector 26
HEALTH 100 · sector 94
DIVIDEND 24 · sector 43

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 Semac Consultants Limited (SEMAC) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹433.78 versus a price of ₹310.95, about +40% (undervalued).
What is the fair value of SEMAC?
Our model-based fair value for Semac Consultants Limited is ₹433.78 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹310.95.
What is the quality score of SEMAC?
Semac Consultants Limited has a Quality Score of 71/100. 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 Semac Consultants Limited (SEMAC)?
Semac Consultants Limited reported trailing-twelve-month revenue of about ₹2.4B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SEMAC?
The net profit margin of Semac Consultants Limited is about 3.0%, meaning it keeps roughly 3.0% 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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