SPECTRUM FOODS LTD. (SPECFOOD) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of SPECTRUM FOODS LTD. ₹3.33, price ₹18.20, upside -81.7%, quality 26 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 3, 2026.
How to read this chart
60‑month range ₹4.83 – ₹40.97 · fair‑value band ₹2.33 – ₹4.33 · the ₹18.20 price screens above the ₹3.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Spectrum Foods Limited manufactures and sells spices and industrial and edible salts in India. It offers various whole, ground, blended, and flakes spices, such as turmeric powder, red chlli powder, cumin seeds, coriander seeds, fennel, fenugreek seeds, etc. The company serves industrial salts to chemical, powder, and textile industries.
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Spectrum Foods Limited manufactures and sells spices and industrial and edible salts in India. It offers various whole, ground, blended, and flakes spices, such as turmeric powder, red chlli powder, cumin seeds, coriander seeds, fennel, fenugreek seeds, etc. The company serves industrial salts to chemical, powder, and textile industries. The company also generates and sells electricity using wind and solar power project located in Ratlam District, Madhya Pradesh. The company was formerly known as Spectrum Leasing & Finance Limited. Spectrum Foods Limited was incorporated in 1994 and is based in Jaipur, India.
Stock analysis
SPECTRUM FOODS LTD. (SPECFOOD) currently trades at ₹18.20, while our model-based Fair Value estimate is ₹3.33, 81.7% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹11.24 per share, and 0 of the 9 models we run sit above the ₹18.20 price.
Bear case: the Multiples group reads lowest at ₹2.03, and 9 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹2.33 (bear) to ₹4.33 (bull), the price of ₹18.20 sits above 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 26/100 (below-average quality), in the Consumer Defensive sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SPECTRUM FOODS LTD. reported revenue of ₹277M in FY2026 versus ₹162M in FY2022, a compound +14.4%/yr. Reported net income was ₹2.9M in FY2026.
Key figures
Market cap ₹441M (≈ $4.6M) · P/E ratio 91.0 · P/S ratio 0.94 · EPS (TTM) ₹0.2000 · Net margin 1.0% · Return on equity 0.7% · Return on assets (EBIT) 4.5% · Operating margin 23.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 9% fair-value upside, at −82%, SPECFOOD screens richer than that median.
Fair Value models
Bear ₹2.33Fair Value ₹3.33Bull ₹4.33
Price ₹18.20 · Upside -81.7%
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 (₹0.1030 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.
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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.6%
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.
+20.9%
Revenue growth 5 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.
+17.7%
Start year 2021 (pandemic). Over 10 years: +18.1% a year
Revenue growth 12 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.
+27.6%
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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.
−15.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.9%
Dividend (yield on the price)0.0%
Profit margin 2021 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.3% → 1%
⚠ Revenue per share shrinking 4.6%/yr over ~8Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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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.Packaged Foods · 636 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score26 · Bottom 25%
Fair Value upside−81.7% · Bottom 25%
Profitability
Return on equity (TTM)0.7% · Bottom 25%
Return on assets0.3% · Bottom 25%
Net margin (TTM)2.6% · Below median
Operating margin (TTM)23.5% · Top 25%
Growth and dividend
Revenue growth24.7% · Top 25%
Balance sheet
Debt / equity0.37× · Highest 25%
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/E (TTM)91.0× · Priciest 25%
P/B1.09× · Cheaper than median
P/S (TTM)1.50× · Pricier than median
EV/EBITDA37.4× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)100· sector 23
PAST (return on equity)3· sector 31
HEALTH (low debt)82· sector 96
DIVIDEND (yield)0· sector 57
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is SPECTRUM FOODS LTD. (SPECFOOD) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹3.33 versus a price of ₹18.20, about −82% upside (overvalued).
What is the fair value of SPECFOOD?
Our model-based fair value for SPECTRUM FOODS LTD. is ₹3.33 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹18.20.
What is the quality score of SPECFOOD?
SPECTRUM FOODS LTD. has a Quality Score of 26/100. 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 SPECTRUM FOODS LTD. (SPECFOOD)?
Our model-based price target is the fair value of ₹3.33 (as of Oct 3, 2026) from 9 valuation models. Cautious scenario ₹2.33, optimistic scenario ₹4.33. It is a calculation from audited fundamentals, not an analyst target.
What is the SPECTRUM FOODS LTD. stock forecast for 2026?
Our models put fair value at ₹3.33, about −82% upside versus a price of ₹18.20 (overvalued). Cautious scenario ₹2.33, optimistic scenario ₹4.33. The calculation is refreshed regularly with new filings.
What is the revenue of SPECTRUM FOODS LTD. (SPECFOOD)?
SPECTRUM FOODS LTD. reported trailing-twelve-month revenue of about ₹295M (latest available figure, as of Oct 3, 2026).
What is the intrinsic value of SPECTRUM FOODS LTD. (SPECFOOD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SPECTRUM FOODS LTD. it is ₹3.33 per share (as of Oct 3, 2026), against a price of ₹18.20. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is SPECTRUM FOODS LTD. stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SPECFOOD trades above its calculated fair value: price ₹18.20, fair value ₹3.33, a gap of about −82% (overvalued). 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 SPECFOOD?
No. The price is what the market pays today (₹18.20); the fair value is what the company's own numbers justify (₹3.33). For SPECTRUM FOODS LTD. the two are ₹14.87 per share apart. That gap is exactly why we show both numbers side by side.
How much is SPECTRUM FOODS LTD. worth?
The market values SPECTRUM FOODS LTD. at about ₹441M (market capitalisation, as of Oct 3, 2026). Per share that is ₹18.20; our models calculate a fair value of ₹3.33 per share.
What do the bullish and bearish scenarios say about SPECFOOD?
Our models span a range for SPECTRUM FOODS LTD.: cautious scenario ₹2.33, base ₹3.33, optimistic ₹4.33 per share (as of Oct 3, 2026, price ₹18.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPECFOOD?
SPECTRUM FOODS LTD. trades at a price-to-earnings ratio of 91.0 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹3.33 is built from several models across several years. Other multiples: P/B 1.1, P/S 1.5, EV/EBITDA 37.4.
How solid is the balance sheet of SPECTRUM FOODS LTD. (SPECFOOD)?
Balance-sheet figures for SPECTRUM FOODS LTD. (as of Oct 3, 2026): return on equity 0.7%, debt of 0.37 per unit of equity. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is SPECFOOD from its 52-week high?
SPECTRUM FOODS LTD. trades at ₹18.20, about 9% below its 52-week high of ₹20.03 and 64% above the low of ₹11.08 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹3.33 is for.
Which stocks are comparable to SPECTRUM FOODS LTD.?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 SPECTRUM FOODS LTD. stock attractive at the current price?
The data as of Oct 3, 2026: price ₹18.20, calculated fair value ₹3.33 (−82%), Quality Score 26/100, from 9 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 SPECFOOD calculated?
We run SPECTRUM FOODS LTD. through 9 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 ₹3.33, 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 15.0 % above its aggregate fair value. SPECTRUM FOODS LTD. itself currently trades above fair value. 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 SPECTRUM FOODS LTD. (SPECFOOD)?
The closing price on Oct 1, 2026 was ₹18.20. Our model-based fair value is ₹3.33, about −82% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SPECTRUM FOODS LTD. right now?
The price sits above even our optimistic bull case (₹4.33). The favourable scenario is already priced in. Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹2.33 to ₹4.33) leaves room in how you read the outcome.
Key figures of SPECTRUM FOODS LTD.
How large is the market capitalisation of SPECTRUM FOODS LTD. (SPECFOOD)?
The market capitalisation of SPECTRUM FOODS LTD. is ₹441M (≈ $4.6M). 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/S ratio of SPECTRUM FOODS LTD. (SPECFOOD)?
The price-to-sales ratio of SPECTRUM FOODS LTD. is 0.94 (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 SPECTRUM FOODS LTD. (SPECFOOD)?
Earnings per share at SPECTRUM FOODS LTD. are ₹0.2000 (price ÷ EPS = P/E 91.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SPECTRUM FOODS LTD. (SPECFOOD)?
The net margin of SPECTRUM FOODS LTD. is 1.0% (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 SPECTRUM FOODS LTD. (SPECFOOD)?
The return on equity (ROE) of SPECTRUM FOODS LTD. is 0.7% (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 SPECTRUM FOODS LTD. (SPECFOOD)?
On an EBIT basis the return on assets of SPECTRUM FOODS LTD. is 4.5% (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 SPECTRUM FOODS LTD. (SPECFOOD)?
The operating margin of SPECTRUM FOODS LTD. is 23.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SPECTRUM FOODS LTD. (SPECFOOD)?
Revenue at SPECTRUM FOODS LTD. is growing +24.7% versus a year earlier (3y avg +20.9%). 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 SPECTRUM FOODS LTD. (SPECFOOD)?
Earnings per share at SPECTRUM FOODS LTD. are growing +32.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SPECTRUM FOODS LTD. (SPECFOOD) generate?
The free cash flow of SPECTRUM FOODS LTD. is −₹231M (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 SPECTRUM FOODS LTD. (SPECFOOD) carry?
The net debt of SPECTRUM FOODS LTD. is ₹151M (fiscal year 2026). 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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