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SPAR (SPAR) Fair Value & Analysis

Financials · IN · Market cap ₹90.0M

S SPAR SPAR · BSE
Price₹4.60
Fair Value₹9.20
Upside+100.0%
Quality26/100
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Evidence: Low Range ₹6.07 – ₹11.50

Fair value as of: Jul 6, 2026

From 1 valuation models · updated today

Share price −8.0% over the past month.

Price vs Fair Value (12 months)

₹7.98 ₹3.01 Fair Value ₹9.20 Jul 2025 Jul 2026

12‑month range ₹3.01 – ₹7.98 · fair‑value band ₹6.07 – ₹11.50 · the ₹4.60 price screens below the ₹9.20 fair value. As of Jul 6, 2026.

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Analysis

SPAR (SPAR) currently trades at ₹4.60, while our model-based Fair Value estimate is ₹9.20 — implying the stock looks roughly 100.0% undervalued today. We read business quality at 26/100 (below-average quality), in the Financials 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: low) — always confirm before acting.

Trailing-twelve-month revenue stands at ₹7.3M. It earns a return on equity of -30.0%. Fundamentals as of Jul 6, 2026

Our scenario range runs from ₹6.07 (bear case) to ₹11.50 (bull case); at ₹4.60, the current price sits below that range. The share trades about 43% below its 52-week high and 53% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financials peers we cover trades at 43% fair-value upside — at 100%, SPAR screens cheaper than that median.

Key figures & financial health

Revenue (TTM) ₹7.3M
Revenue growth (YoY) -99.6%
Return on equity -30.0%
Free cash flow −₹12.6M FY2026
Operating margin -146,516%
EPS (TTM) ₹-2.28
More key figures
Net debt ₹443K FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 6, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SPAR reported revenue of ₹2.8M in FY2026 versus ₹131M in FY2022, a compound −61.7%/yr. Reported net income was −₹44.6M in FY2026.

Revenue −61.7%/yr
FY22 ₹131M
FY23 ₹48.5M
FY24 ₹73.9M
FY25 ₹36.6M
FY26 ₹2.8M
Net income
FY22 ₹21.2M
FY23 ₹7.0M
FY24 ₹978K
FY25 −₹15.2M
FY26 −₹44.6M

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Cite: Fair Value Calculator (2026). "SPAR Fair Value". https://www.fairvalue-calculator.com/stock/SPAR

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Frequently asked questions

Is SPAR (SPAR) undervalued?
As of Jul 6, 2026, our model estimates a fair value of ₹9.20 versus a price of ₹4.60 — about +100% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SPAR?
Our model-based fair value for SPAR is ₹9.20 (as of Jul 6, 2026), built from audited fundamentals. The current price is ₹4.60.
What is the quality score of SPAR?
SPAR has a Quality Score of 26/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of SPAR (SPAR)?
SPAR reported trailing-twelve-month revenue of about ₹7.3M (latest available figure, as of Jul 6, 2026).
What is the net profit margin of SPAR?
The net profit margin of SPAR is about 0.0%, meaning it keeps roughly 0.0% 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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.