SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of SWASTI VINAYAKA SYNTHETICS LTD. ₹3.88, price ₹3.68, upside +5.4%, quality 58 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 ₹3.09 – ₹14.91 · fair‑value band ₹2.00 – ₹6.41 · the ₹3.68 price screens below the ₹3.88 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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Swasti Vinayaka Synthetics Limited manufactures and sells suiting, shirting, and other apparel products in India. It offers a range of shirting fabrics, including cotton, linen, lycra, polyester, viscose, and their blends. The company provides its uniform fabrics to corporate and government institutions.
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Swasti Vinayaka Synthetics Limited manufactures and sells suiting, shirting, and other apparel products in India. It offers a range of shirting fabrics, including cotton, linen, lycra, polyester, viscose, and their blends. The company provides its uniform fabrics to corporate and government institutions. It also designs bridal and formal ethnic wear under the Ivy League brand; and supplies salwar kameez and tunics. The company markets its products through a network of agents/dealers, as well as directly to retail chains, the RMG sector, garment exporters, clothing brands, and corporate houses. The company was formerly known as Rajesh Synthetics Ltd. and changed its name to Swasti Vinayaka Synthetics Limited in September 1999. Swasti Vinayaka Synthetics Limited was incorporated in 1981 and is based in Mumbai, India.
Stock analysis
SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI) currently trades at ₹3.68, while our model-based Fair Value estimate is ₹3.88, so the stock looks roughly fairly valued today (gap 5.2%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹6.09 per share, and 14 of the 23 models we run sit above the ₹3.68 price.
Bear case: the Asset-Based group reads lowest at ₹1.94, and 9 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹2.00 (bear) to ₹6.41 (bull), the price of ₹3.68 sits inside 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 58/100 (solid quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
SWASTI VINAYAKA SYNTHETICS LTD. reported revenue of ₹320M in FY2026 versus ₹204M in FY2022, a compound +12.0%/yr. Reported net income was ₹30.5M in FY2026, compounding +15.0%/yr from FY2022.
Key figures
Market cap ₹331M (≈ $3.4M) · P/E ratio 10.2 · P/S ratio 0.97 · EPS (TTM) ₹0.3600 · Net margin 9.5% · Return on equity 12.4% · Return on assets (EBIT) 8.2% · Operating margin 11.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at 5%, SWASTIVI screens cheaper than that median.
Fair Value models
Bear ₹2.00Fair Value ₹3.88Bull ₹6.41
Price ₹3.68 · Upside +5.4%
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 (₹0.1854 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−16.6%
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.
+6.1%
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.
+17.6%
Start year 2021 (pandemic). Over 10 years: +7.1% a year
Revenue growth 13 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.
+5.4%
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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. Basis: EBIT basis. 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.
≈ +4.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.4%
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.11.8% vs 7.0%, picking up
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.18% → 10%
Start year 2021 (pandemic)
⚠ Rate on operating basis: 2026 sits 53% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+29.9%
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 +24.8% a year for the price.
Compare SWASTI VINAYAKA SYNTHETICS LTD. with another stock
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.Apparel Manufacturing · 219 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside+5.4% · Above median
Profitability
Return on equity (TTM)12.4% · Above median
Return on assets4.5% · Above median
Net margin (TTM)10.5% · Top 25%
Operating margin (TTM)11.3% · Top 25%
Growth and dividend
Revenue growth−2.7% · Below median
Balance sheet
Debt / equity0.16× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Is SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹3.88 versus a price of ₹3.68, about +5% upside (fairly valued).
What is the fair value of SWASTIVI?
Our model-based fair value for SWASTI VINAYAKA SYNTHETICS LTD. is ₹3.88 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹3.68.
What is the quality score of SWASTIVI?
SWASTI VINAYAKA SYNTHETICS LTD. has a Quality Score of 58/100. 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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
Our model-based price target is the fair value of ₹3.88 (as of Oct 3, 2026) from 23 valuation models. Cautious scenario ₹2.00, optimistic scenario ₹6.41. It is a calculation from audited fundamentals, not an analyst target.
What is the SWASTI VINAYAKA SYNTHETICS LTD. stock forecast for 2026?
Our models put fair value at ₹3.88, about +5% upside versus a price of ₹3.68 (fairly valued). Cautious scenario ₹2.00, optimistic scenario ₹6.41. The calculation is refreshed regularly with new filings.
What is the revenue of SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
SWASTI VINAYAKA SYNTHETICS LTD. reported trailing-twelve-month revenue of about ₹318M (latest available figure, as of Oct 3, 2026).
What growth is priced into SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
For today's price to be fair in a discounted-cash-flow model, SWASTI VINAYAKA SYNTHETICS LTD. would have to grow free cash flow by +29.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +17.6 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of SWASTIVI use?
Our models discount SWASTI VINAYAKA SYNTHETICS LTD. at 11.2 %: a base by market capitalisation (nano), damped by beta 0.62, 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 SWASTI VINAYAKA SYNTHETICS LTD. that is +29.9 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI) delivered so far?
Over the past 5 years revenue at SWASTI VINAYAKA SYNTHETICS LTD. grew +17.6 % a year. The price currently implies +29.9 % 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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI) growing?
The median revenue growth in the sector is +4.1 % a year. That is the yardstick for the growth priced into SWASTI VINAYAKA SYNTHETICS LTD. (+29.9 % 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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The free-cash-flow yield on the price is 2.39 %: that much free cash flow SWASTI VINAYAKA SYNTHETICS LTD. produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SWASTI VINAYAKA SYNTHETICS LTD. it is ₹3.88 per share (as of Oct 3, 2026), against a price of ₹3.68. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is SWASTI VINAYAKA SYNTHETICS LTD. stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SWASTIVI trades below its calculated fair value: price ₹3.68, fair value ₹3.88, a gap of about +5% (fairly valued). 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 SWASTIVI?
No. The price is what the market pays today (₹3.68); the fair value is what the company's own numbers justify (₹3.88). For SWASTI VINAYAKA SYNTHETICS LTD. the two are ₹0.2000 per share apart. That gap is exactly why we show both numbers side by side.
How much is SWASTI VINAYAKA SYNTHETICS LTD. worth?
The market values SWASTI VINAYAKA SYNTHETICS LTD. at about ₹331M (market capitalisation, as of Oct 3, 2026). Per share that is ₹3.68; our models calculate a fair value of ₹3.88 per share.
What do the bullish and bearish scenarios say about SWASTIVI?
Our models span a range for SWASTI VINAYAKA SYNTHETICS LTD.: cautious scenario ₹2.00, base ₹3.88, optimistic ₹6.41 per share (as of Oct 3, 2026, price ₹3.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SWASTIVI?
SWASTI VINAYAKA SYNTHETICS LTD. trades at a price-to-earnings ratio of 10.2 (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 ₹3.88 is built from several models across several years. Other multiples: P/B 1.3, P/S 1.0, EV/EBITDA 9.5.
How solid is the balance sheet of SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
Balance-sheet figures for SWASTI VINAYAKA SYNTHETICS LTD. (as of Oct 3, 2026): return on equity 12.4%, debt of 0.16 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is SWASTIVI from its 52-week high?
SWASTI VINAYAKA SYNTHETICS LTD. trades at ₹3.68, about 29% below its 52-week high of ₹5.17 and 19% above the low of ₹3.09 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹3.88 is for.
Which stocks are comparable to SWASTI VINAYAKA SYNTHETICS LTD.?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 SWASTI VINAYAKA SYNTHETICS LTD. stock attractive at the current price?
The data as of Oct 3, 2026: price ₹3.68, calculated fair value ₹3.88 (+5%), Quality Score 58/100, from 23 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 SWASTIVI calculated?
We run SWASTI VINAYAKA SYNTHETICS LTD. through 23 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 ₹3.88, 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. SWASTI VINAYAKA SYNTHETICS LTD. currently trades 5 % 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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The closing price on Oct 1, 2026 was ₹3.68. Our model-based fair value is ₹3.88, about +5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SWASTI VINAYAKA SYNTHETICS LTD. right now?
The model range is unusually wide (₹2.00 to ₹6.41). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of SWASTI VINAYAKA SYNTHETICS LTD.
How large is the market capitalisation of SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The market capitalisation of SWASTI VINAYAKA SYNTHETICS LTD. is ₹331M (≈ $3.4M). 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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The price-to-sales ratio of SWASTI VINAYAKA SYNTHETICS LTD. is 0.97 (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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
Earnings per share at SWASTI VINAYAKA SYNTHETICS LTD. are ₹0.3600 (price ÷ EPS = P/E 10.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The net margin of SWASTI VINAYAKA SYNTHETICS LTD. is 9.5% (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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The return on equity (ROE) of SWASTI VINAYAKA SYNTHETICS LTD. is 12.4% (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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
On an EBIT basis the return on assets of SWASTI VINAYAKA SYNTHETICS LTD. is 8.2% (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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
The operating margin of SWASTI VINAYAKA SYNTHETICS LTD. is 11.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
Revenue at SWASTI VINAYAKA SYNTHETICS LTD. is growing −2.7% versus a year earlier (3y avg +6.1%). 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 SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI)?
Earnings per share at SWASTI VINAYAKA SYNTHETICS LTD. are growing +100% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does SWASTI VINAYAKA SYNTHETICS LTD. (SWASTIVI) carry?
The net debt of SWASTI VINAYAKA SYNTHETICS LTD. is ₹40.7M (fiscal year 2026, ≈ 5.1 yrs of FCF). 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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