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Setubandhan Infrastructure Limited (SETUINFRA) Fair Value & Analysis

Industrials · IN · Market cap ₹56.7M

SI Setubandhan Infrastructure Limited SETUINFRA · NSE
Price₹0.4100
Fair Value₹0.1200
Upside-70.7%
Quality51/100
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Weak Growth
Thin margins · 2.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 20/100
Evidence: Medium Range ₹0.0900 – ₹0.1500 Share as image

Fair value as of: Aug 13, 2026

From 19 valuation models · updated 4 days ago

Share price −6.8% over the past month.

A solid business, but screening 71% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹0.1500). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹4.05 ₹0.3800 Fair Value ₹0.1200 Jun 2020 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 ₹0.3800 – ₹4.05 · fair‑value band ₹0.0900 – ₹0.1500 · the ₹0.4100 price screens above the ₹0.1200 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Setubandhan Infrastructure Limited (SETUINFRA) currently trades at ₹0.4100, while our model-based Fair Value estimate is ₹0.1200, implying the stock looks roughly 70.7% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Industrials 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: medium).

Over the trailing twelve months, Setubandhan Infrastructure Limited generated revenue of ₹3.0B at a net margin of 2.5%. Revenue grew 148.1% year over year. It earns a return on equity of 0.2%. Net debt stands at ₹782M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹0.0900 (bear case) to ₹0.1500 (bull case); at ₹0.4100, 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 51% below its 52-week high and 11% 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 -71%, SETUINFRA 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 ₹0.9200 ₹1.27 ₹1.80 80
Residual Income ₹2.35 ₹2.06 ₹1.19 76
Rev-Margin DCF ₹0.2800 ₹0.4700 ₹0.7300 74
All 19 models by family
DCF Models
FCF DCF ₹0.8800 ₹1.26 ₹1.86 38
5Y Revenue Exit ₹0.2800 ₹0.4300 ₹0.6500 39
5Y EBITDA Exit ₹0.7200 ₹1.19 ₹1.81 41
5Y P/E Exit ₹0.1800 ₹0.2600 ₹0.3700 38
10Y Revenue Exit ₹0.5600 ₹0.6800 ₹0.8000 36
10Y EBITDA Exit ₹0.7900 ₹1.08 ₹1.38 37
10Y P/E Exit ₹0.5100 ₹0.5900 ₹0.6600 35
Earnings-Based
Graham-Dodd ₹0.0500 ₹0.0600 ₹0.0700 54
Multiples
P/E Multiple ₹0.1100 ₹0.1500 ₹0.1900 63
P/S Multiple ₹0.0900 ₹0.1200 ₹0.1500 58
P/B Multiple ₹0.0900 ₹0.1200 ₹0.1500 55
EV/EBIT ₹0.0200 ₹0.1600 53
EV/EBITDA ₹0.7500 ₹1.18 ₹1.62 54
EV/Revenue ₹0.0200 43
Asset-Based
NCAV (Graham) ₹1.97 ₹2.64 ₹3.94 50
Growth DCF
Growth DCF ₹0.9200 ₹1.27 ₹1.80 80
Rev-Margin DCF ₹0.2800 ₹0.4700 ₹0.7300 74
Economic Profit
Residual Income ₹2.35 ₹2.06 ₹1.19 76
Growth Earnings
Growth-Adj P/E ₹0.0800 ₹0.1200 ₹0.1500 68

Widest divergence: Asset-Based (₹2.64) versus Earnings-Based (₹0.0600). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹3.0B
Revenue growth (YoY) +148%
Net margin 2.5%
Return on equity 0.2%
Free cash flow ₹25.1M FY2023
P/E ratio 40.0
More key figures
Operating margin 6.0%
EPS (TTM) ₹0.0100
EPS growth (YoY) +267%
Net debt ₹782M FY2023

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

Quality Score breakdown

Overall quality 51/100

Of which business quality 48 · Market factors (momentum, volatility) 11

Profitability 14
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 63
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 14
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 4
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

Setubandhan Infrastructure Limited does not have significant operations. Previously, it was engaged in the development of real estate properties; and construction of government and industrial buildings, quarters, roads, bridges, airports, godowns, hospitals, residential and commercial complexes, townships, health care centres, and institutional campuses for …

Full company description

Setubandhan Infrastructure Limited does not have significant operations. Previously, it was engaged in the development of real estate properties; and construction of government and industrial buildings, quarters, roads, bridges, airports, godowns, hospitals, residential and commercial complexes, townships, health care centres, and institutional campuses for private bodies, and government and semi-government authorities. The company was formerly known as Prakash Constrowell Limited and changed its name to Setubandhan Infrastructure Limited in June 2019. Setubandhan Infrastructure Limited was founded in 1978 and is based in Nashik, India.

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

Revenue & earnings trend

FY2019 – FY2023 · reported fiscal years

Setubandhan Infrastructure Limited reported revenue of ₹700M in FY2023 versus ₹2.6B in FY2019, a compound −27.9%/yr. Reported net income was ₹913K in FY2023, compounding −8.6%/yr from FY2019.

Growth Quality 33/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2023)
₹700M
Latest YoY
−36.5%
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.
−23.2%
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.
−24.4%
Avg. growth/yr (15Y) 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.
+6.7%
Revenue −27.9%/yr
FY19 ₹2.6B
FY20 ₹1.5B
FY21 ₹559M
FY22 ₹1.1B
FY23 ₹700M
Net income −8.6%/yr
FY19 ₹1.3M
FY20 −₹440M
FY21 −₹286M
FY22 −₹61.2M
FY23 ₹913K

SETUINFRA screens 71% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Setubandhan Infrastructure Limited Fair Value". https://www.fairvalue-calculator.com/stock/SETUINFRA

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 51 · Above median
Fair Value upside −71% · Bottom 25%
Return on equity (TTM) 0% · Below median
Return on assets 0% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 6% · Above median
Revenue growth 148% · Top 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 40.0× · Pricier than 75% of peers
P/FCF 0.0× · 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.

VALUE 0 · sector 15
FUTURE 100 · sector 14
PAST 1 · sector 26
HEALTH 93 · sector 94
DIVIDEND 0 · sector 43

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 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 Setubandhan Infrastructure Limited (SETUINFRA) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹0.1200 versus a price of ₹0.4100, about −71% (overvalued).
What is the fair value of SETUINFRA?
Our model-based fair value for Setubandhan Infrastructure Limited is ₹0.1200 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹0.4100.
What is the quality score of SETUINFRA?
Setubandhan Infrastructure Limited has a Quality Score of 51/100. 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 Setubandhan Infrastructure Limited (SETUINFRA)?
Setubandhan Infrastructure Limited reported trailing-twelve-month revenue of about ₹3.0B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SETUINFRA?
The net profit margin of Setubandhan Infrastructure Limited is about 2.5%, meaning it keeps roughly 2.5% 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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