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Sindhu Trade Links Limited (SINDHUTRAD) Fair Value & Analysis

Industrials · IN · Market cap ₹42.6B

ST Sindhu Trade Links Limited SINDHUTRAD · NSE
Price₹23.79
Fair Value₹4.79
Upside-79.9%
Quality28/100
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Weak Growth
Thin margins · 7.9% net margin
Low debt · negative free cash flow
Trails peers (2/11)
Narrow moat 28/100
Evidence: Medium Range ₹3.60 – ₹5.99 Share as image

Fair value as of: Aug 13, 2026

From 7 valuation models · updated 4 days ago

Share price −3.9% over the past month.

Below-average quality, and screening another 80% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹5.99). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (3 years)

₹41.90 ₹13.33 Fair Value ₹4.79 Jun 2023 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

38‑month range ₹13.33 – ₹41.90 · fair‑value band ₹3.60 – ₹5.99 · the ₹23.79 price screens above the ₹4.79 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sindhu Trade Links Limited (SINDHUTRAD) currently trades at ₹23.79, while our model-based Fair Value estimate is ₹4.79, implying the stock looks roughly 79.9% overvalued today. The Quality Score stands at 28/100 (below-average 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, Sindhu Trade Links Limited generated revenue of ₹5.2B at a net margin of 7.9%. Revenue declined 61.1% year over year. It earns a return on equity of 2.6%. Net debt stands at ₹4.2B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹3.60 (bear case) to ₹5.99 (bull case); at ₹23.79, 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 39% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at 11% fair-value upside, at -80%, SINDHUTRAD 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
P/E Multiple ₹4.23 ₹5.64 ₹7.05 63
Residual Income ₹8.08 ₹7.72 ₹6.24 61
P/B Multiple ₹3.43 ₹4.57 ₹5.71 55
All 7 models by family
DCF Models
Owner Earnings ₹2.59 ₹8.92 ₹22.21 31
Earnings-Based
Graham-Dodd ₹1.83 ₹12.74 ₹17.88 54
Lynch FV ₹6.58 ₹9.40 ₹12.23 50
Multiples
P/E Multiple ₹4.23 ₹5.64 ₹7.05 63
P/B Multiple ₹3.43 ₹4.57 ₹5.71 55
Asset-Based
NCAV (Graham) ₹5.68 ₹7.62 ₹11.37 50
Economic Profit
Residual Income ₹8.08 ₹7.72 ₹6.24 61

Widest divergence: Earnings-Based (₹9.40) versus Multiples (₹4.57). Highest evidence: P/E Multiple (63).

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Key figures & financial health

Revenue (TTM) ₹5.2B
Revenue growth (YoY) -61.1%
Net margin 7.9%
Return on equity 2.6%
Free cash flow −₹127M FY2026
P/E ratio 88.1
More key figures
Operating margin 1.7%
EPS (TTM) ₹0.2700
Net debt ₹4.2B FY2026

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

Quality Score breakdown

Overall quality 28/100

Of which business quality 28 · Market factors (momentum, volatility) 44

Profitability 19
Margins and returns on capital today
Quality Growth 11
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 57
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 0
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

Sindhu Trade Links Limited, together with its subsidiaries, primarily engages in the mining, transportation, and loading services in India. It operates through Transportation & Logistics, Oil, Lubricants, & Spares, Finance & Investment, Generation & Supply of Electricity, and Oil Drilling Operations segments.

Full company description

Sindhu Trade Links Limited, together with its subsidiaries, primarily engages in the mining, transportation, and loading services in India. It operates through Transportation & Logistics, Oil, Lubricants, & Spares, Finance & Investment, Generation & Supply of Electricity, and Oil Drilling Operations segments. The company is involved in the development of food park for food processing industries; trading of automobiles spare parts, heavy earthmoving equipment parts, lubricants, tires, tubes, and flaps; and generating, harnessing, developing, accumulating, distributing, and supplying of electricity from biomass power plants. It also engages in the business of coal mining, trading, logistics, extraction, sale, and beneficiation; operation of petrol pumps; provision of lending services; and rental of land/building; as well as finance activities and media operations. The company was formerly known as Bhandari Consultancy and Finance Limited and changed its name to Sindhu Trade Links Limited in June 2011. Sindhu Trade Links Limited was incorporated in 1992 and is based in Gurugram, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sindhu Trade Links Limited reported revenue of ₹5.2B in FY2026 versus ₹10.1B in FY2022, a compound −15.2%/yr. Reported net income was ₹414M in FY2026.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹5.2B
Latest YoY
−69.7%
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.
−23.6%
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.
−10.1%
Avg. growth/yr (17Y) 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.
+44.5%
Revenue −15.2%/yr
FY22 ₹10.1B
FY23 ₹11.8B
FY24 ₹16.8B
FY25 ₹17.3B
FY26 ₹5.2B
Net income
FY22 −₹197M
FY23 ₹4.0M
FY24 ₹569M
FY25 ₹257M
FY26 ₹414M
Character of growth · EPS growth decomposed (2015-2026) +1.4 % p.a.
Revenue per share −1.2 pp

of which total revenue +0.7 pp · buybacks/dilution −1.9 pp

EBIT margin −11.3 pp
Tax rate +6.0 pp
Residual (interest, one-offs) +8.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

SINDHUTRAD screens 80% overvalued. Compare with ITOCHU Corporation →

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Cite: Fair Value Calculator (2026). "Sindhu Trade Links Limited Fair Value". https://www.fairvalue-calculator.com/stock/SINDHUTRAD

Peer Group

Conglomerates · 383 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 28 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on equity (TTM) 3% · Below median
Return on assets 0% · Below median
Net margin (TTM) 8% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth -61% · Bottom 25%
Debt / equity 0.23× · Lower than median

Valuation Multiples vs Conglomerates median · lower = cheaper

P/E (TTM) 88.1× · Pricier than 75% of peers
P/B 2.43× · Pricier than 75% of peers
P/S (TTM) 8.14× · Pricier 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 26
FUTURE 0 · sector 17
PAST 10 · sector 18
HEALTH 88 · sector 88
DIVIDEND 0 · sector 46

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.

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Empresas Copec S.A COPEC 6,030 CLP 10,809 CLP +79%
Posco International Corporation 047050 54,300 KRW 71,119 KRW +31%
Tube Investments of India Limited TIINDIA ₹2,741 ₹723.80 -74%
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Thermax Limited THERMAX ₹4,002 ₹1,343 -66%

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Frequently asked questions

Is Sindhu Trade Links Limited (SINDHUTRAD) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹4.79 versus a price of ₹23.79, about −80% (overvalued).
What is the fair value of SINDHUTRAD?
Our model-based fair value for Sindhu Trade Links Limited is ₹4.79 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹23.79.
What is the quality score of SINDHUTRAD?
Sindhu Trade Links Limited has a Quality Score of 28/100. 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 Sindhu Trade Links Limited (SINDHUTRAD)?
Sindhu Trade Links Limited reported trailing-twelve-month revenue of about ₹5.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SINDHUTRAD?
The net profit margin of Sindhu Trade Links Limited is about 7.9%, meaning it keeps roughly 7.9% 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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