Summit Securities Limited (SUMMITSEC) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Summit Securities Limited ₹2,631, price ₹1,316, upside +100.0%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Summit Securities Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 2, 2026.
How to read this chart
60‑month range ₹520.00 – ₹3,566 · fair‑value band ₹1,973 – ₹3,289 · the ₹1,316 price screens below the ₹2,631 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
Follow Summit Securities in your weekly email
Every Wednesday you see whether Summit Securities is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Summit Securities Limited, a non-banking financial company, engages in investment and financial activities. The investments of the firm are typically long term in nature and predominantly in the equity markets. The firm typically invests in companies in real estate sector. Summit Securities Limited was formerly known as RPG Itochu Finance Limited.
Show more
Summit Securities Limited, a non-banking financial company, engages in investment and financial activities. The investments of the firm are typically long term in nature and predominantly in the equity markets. The firm typically invests in companies in real estate sector. Summit Securities Limited was formerly known as RPG Itochu Finance Limited. The company was incorporated on January 30, 1997 and is based in Mumbai, India.
Stock analysis
Summit Securities Limited (SUMMITSEC) currently trades at ₹1,316, while our model-based Fair Value estimate is ₹2,631, implying the stock looks roughly 50.0% undervalued today.
Show more
Valuation
How firm this estimate is: it rests on 23 models at a data quality of 96/100, which puts the evidence level at medium.
Scenario range: ₹1,973 (bear) to ₹3,289 (bull), the price of ₹1,316 sits below 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 61/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Summit Securities Limited reported revenue of ₹1.4B in FY2026 versus ₹644M in FY2022, a compound +22.3%/yr. Reported net income was ₹1.0B in FY2026, compounding +19.8%/yr from FY2022.
Key figures
Market cap ₹14.3B (≈ $149M) · P/E ratio 11.9 · P/S ratio 8.66 · EPS (TTM) ₹109.86 · Net margin 72.6% · Return on equity 1.1% · Return on assets (EBIT) 1.1% · Operating margin 97.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 46% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 100%, SUMMITSEC screens cheaper than that median.
Fair Value models
Bear ₹1,973Fair Value ₹2,631Bull ₹3,289
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 (₹55.68 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+14.5%
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.
+43.1%
Revenue growth 21 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.
−9.7%
’13
’14
’15
’16
’18
’19
’20
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+39.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+39.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.15.5% vs 15.6%, steady
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.381% → 97%
2026 sits 53% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +8.1% a year for the price.
Compare Summit Securities Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Capital Markets · 459 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+100.0% · Top 25%
Profitability
Return on equity (TTM)1.1% · Below median
Return on assets0.8% · Below median
Net margin (TTM)76.1% · Top 25%
Operating margin (TTM)97.0% · Top 25%
Growth and dividend
Revenue growth48.5% · Above median
Valuation Multiplesvs Capital Markets median · lower = cheaper
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 Summit Securities Limited (SUMMITSEC) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹2,631 versus a price of ₹1,316, about +100% upside (undervalued).
What is the fair value of SUMMITSEC?
Our model-based fair value for Summit Securities Limited is ₹2,631 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹1,316.
What is the quality score of SUMMITSEC?
Summit Securities Limited has a Quality Score of 61/100. 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 Summit Securities Limited (SUMMITSEC)?
Our model-based price target is the fair value of ₹2,631 (as of Oct 2, 2026) from 2 valuation models. Cautious scenario ₹1,973, optimistic scenario ₹3,289. It is a calculation from audited fundamentals, not an analyst target.
What is the Summit Securities Limited stock forecast for 2026?
Our models put fair value at ₹2,631, about +100% upside versus a price of ₹1,316 (undervalued). Cautious scenario ₹1,973, optimistic scenario ₹3,289. The calculation is refreshed regularly with new filings.
What is the revenue of Summit Securities Limited (SUMMITSEC)?
Summit Securities Limited reported trailing-twelve-month revenue of about ₹1.6B (latest available figure, as of Oct 2, 2026).
What growth is priced into Summit Securities Limited (SUMMITSEC)?
For today's price to be fair in a discounted-cash-flow model, Summit Securities Limited would have to grow free cash flow by +12.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +84.9 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of SUMMITSEC use?
Our models discount Summit Securities Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.49, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Summit Securities Limited that is +12.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Summit Securities Limited (SUMMITSEC) delivered so far?
Over the past 5 years revenue at Summit Securities Limited grew +84.9 % a year. The price currently implies +12.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Summit Securities Limited (SUMMITSEC) growing?
The median revenue growth in the sector is +9.4 % a year. That is the yardstick for the growth priced into Summit Securities Limited (+12.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Summit Securities Limited (SUMMITSEC)?
The free-cash-flow yield on the price is 6.86 %: that much free cash flow Summit Securities Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Summit Securities Limited (SUMMITSEC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Summit Securities Limited it is ₹2,631 per share (as of Oct 2, 2026), against a price of ₹1,316. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Summit Securities Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, SUMMITSEC trades below its calculated fair value: price ₹1,316, fair value ₹2,631, a gap of about +100% (undervalued). 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 SUMMITSEC?
No. The price is what the market pays today (₹1,316); the fair value is what the company's own numbers justify (₹2,631). For Summit Securities Limited the two are ₹1,316 per share apart. That gap is exactly why we show both numbers side by side.
How much is Summit Securities Limited worth?
The market values Summit Securities Limited at about ₹14.3B (market capitalisation, as of Oct 2, 2026). Per share that is ₹1,316; our models calculate a fair value of ₹2,631 per share.
What do the bullish and bearish scenarios say about SUMMITSEC?
Our models span a range for Summit Securities Limited: cautious scenario ₹1,973, base ₹2,631, optimistic ₹3,289 per share (as of Oct 2, 2026, price ₹1,316). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SUMMITSEC?
Summit Securities Limited trades at a price-to-earnings ratio of 11.9 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹2,631 is built from several models across several years. Other multiples: P/B 0.2, P/S 9.1, EV/EBITDA 9.4.
How solid is the balance sheet of Summit Securities Limited (SUMMITSEC)?
Balance-sheet figures for Summit Securities Limited (as of Oct 2, 2026): return on equity 1.1%. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is SUMMITSEC from its 52-week high?
Summit Securities Limited trades at ₹1,316, about 46% below its 52-week high of ₹2,427 and at the low of ₹1,316 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2,631 is for.
Which stocks are comparable to Summit Securities Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Summit Securities Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹1,316, calculated fair value ₹2,631 (+100%), Quality Score 61/100, from 2 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 SUMMITSEC calculated?
We run Summit Securities Limited through 2 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 ₹2,631, 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 14.5 % above its aggregate fair value. Summit Securities Limited currently trades 50 % below its own fair value, and the market average says nothing about that. 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 Summit Securities Limited (SUMMITSEC)?
The closing price on Oct 1, 2026 was ₹1,316. Our model-based fair value is ₹2,631, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Summit Securities Limited right now?
The price is below even our cautious bear case (₹1,973). The market is more pessimistic than our downside scenario. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Summit Securities Limited (SUMMITSEC) come from?
Earnings per share at Summit Securities Limited grew +13.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +16.6 %, EBIT margin +1.2 %, tax rate −3.7 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Summit Securities Limited
How large is the market capitalisation of Summit Securities Limited (SUMMITSEC)?
The market capitalisation of Summit Securities Limited is ₹14.3B (≈ $149M). 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 Summit Securities Limited (SUMMITSEC)?
The price-to-sales ratio of Summit Securities Limited is 8.66 (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 Summit Securities Limited (SUMMITSEC)?
Earnings per share at Summit Securities Limited are ₹109.86 (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Summit Securities Limited (SUMMITSEC)?
The net margin of Summit Securities Limited is 72.6% (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 Summit Securities Limited (SUMMITSEC)?
The return on equity (ROE) of Summit Securities Limited is 1.1% (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 Summit Securities Limited (SUMMITSEC)?
On an EBIT basis the return on assets of Summit Securities Limited is 1.1% (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 Summit Securities Limited (SUMMITSEC)?
The operating margin of Summit Securities Limited is 97.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Summit Securities Limited (SUMMITSEC)?
Revenue at Summit Securities Limited is growing +48.5% versus a year earlier (3y avg +43.1%). 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 Summit Securities Limited (SUMMITSEC)?
Earnings per share at Summit Securities Limited are growing +74.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Summit Securities Limited (SUMMITSEC) hold?
Summit Securities Limited holds more cash than debt, ₹20.8M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Summit Securities Limited in the live analysis
One click puts Summit Securities Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
