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Twamev Construction and Infrastructure Limited (TICL) Fair Value & Analysis

Industrials · IN · Market cap ₹2.1B

TC Twamev Construction and Infrastructure Limited TICL · NSE
Price₹9.61
Fair Value₹7.84
Upside-18.4%
Quality38/100
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Weak Growth
Solidly profitable · 11.3% net margin
Low debt · negative free cash flow
Trails peers (3/12)
Narrow moat 30/100
Evidence: Medium Range ₹6.29 – ₹10.19 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 4 days ago

Share price −6.5% over the past month.

Below-average quality, and screening another 18% overvalued on our models.

What matters now

  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Our model range runs from ₹6.29 (bear) to ₹10.19 (bull), base ₹7.84. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹58.87 ₹5.70 Fair Value ₹7.84 May 2021 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

60‑month range ₹5.70 – ₹58.87 · fair‑value band ₹6.29 – ₹10.19 · the ₹9.61 price screens above the ₹7.84 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Twamev Construction and Infrastructure Limited (TICL) currently trades at ₹9.61, while our model-based Fair Value estimate is ₹7.84, implying the stock looks roughly 18.4% overvalued today. The Quality Score stands at 38/100 (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, Twamev Construction and Infrastructure Limited generated revenue of ₹674M at a net margin of 11.3%. Revenue declined 54.7% year over year. It earns a return on equity of 2.5%. Net debt stands at ₹3.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹6.29 (bear case) to ₹10.19 (bull case); at ₹9.61, the current price sits within 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 72% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at -18%, TICL screens cheaper 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
ROIC Compounder ₹0.7100 ₹1.26 ₹1.73 72
Growth-Adj P/E ₹5.49 ₹7.84 ₹10.19 68
P/E Multiple ₹7.77 ₹10.36 ₹12.96 63
All 13 models by family
DCF Models
Owner Earnings ₹2.70 ₹4.69 ₹8.25 31
Earnings-Based
Graham-Dodd ₹3.36 ₹4.10 ₹4.61 54
EPV ₹0.7100 ₹1.26 ₹1.73 59
Multiples
P/E Multiple ₹7.77 ₹10.36 ₹12.96 63
P/S Multiple ₹5.22 ₹6.96 ₹8.70 58
P/B Multiple ₹6.29 ₹8.39 ₹10.49 55
EV/EBIT ₹2.63 ₹4.42 ₹6.21 53
EV/EBITDA ₹2.33 ₹4.01 ₹5.70 54
EV/Revenue ₹1.10 ₹2.74 ₹4.38 43
Asset-Based
NCAV (Graham) ₹10.05 ₹13.46 ₹20.09 50
Economic Profit
Residual Income ₹14.09 ₹13.42 ₹10.68 61
ROIC Compounder ₹0.7100 ₹1.26 ₹1.73 72
Growth Earnings
Growth-Adj P/E ₹5.49 ₹7.84 ₹10.19 68

Widest divergence: Asset-Based (₹13.46) versus Earnings-Based (₹1.26). Highest evidence: ROIC Compounder (72).

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Key figures & financial health

Revenue (TTM) ₹674M
Revenue growth (YoY) -54.7%
Net margin 11.3%
Return on equity 2.5%
Free cash flow −₹174M FY2026
P/E ratio 19.2
More key figures
Operating margin 6.7%
EPS (TTM) ₹0.5000
EPS growth (YoY) -96.8%
Net debt ₹3.5B FY2026

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 35 · Market factors (momentum, volatility) 17

Profitability 20
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 32
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 58
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 47
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

Twamev Construction and Infrastructure Limited provides infrastructure solutions in India. It is involved in transportation infrastructure, such as highways and expressways, bridges, flyovers and tunnels, rail and metro infrastructure, airports and terminals, and smart and sustainable roads; and public health engineering comprising urban and rural water …

Full company description

Twamev Construction and Infrastructure Limited provides infrastructure solutions in India. It is involved in transportation infrastructure, such as highways and expressways, bridges, flyovers and tunnels, rail and metro infrastructure, airports and terminals, and smart and sustainable roads; and public health engineering comprising urban and rural water treatment and supply, sewage and wastewater treatment, solid waste management infrastructure, and municipal and industrial water solutions. The company also engages in public infrastructure development, including administrative and legislative buildings and public auditoriums, judicial and law enforcement facilities, public healthcare infrastructure, educational and research institutions, and factory and production units; ropeway transportation turnkey solutions; urban ropeways for public transport; mountain and industrial ropeways; and operation, maintenance and upgrades for ropeways, as well as offers eco-friendly and smart ropeway solutions. In addition, it is involved in the roads, bridges, commercial and buildings, urban development, infrastructure and industrial fabrication, power, marine, and aviation. The company was formerly known as Tantia Constructions Limited and changed its name to Twamev Construction and Infrastructure Limited in November 2024. The company was incorporated in 1964 and is based in Kolkata, India. Twamev Construction and Infrastructure Limited is a subsidiary of Nigolice Trading Pvt. Ltd.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Twamev Construction and Infrastructure Limited reported revenue of ₹675M in FY2026 versus ₹1.0B in FY2022, a compound −9.4%/yr. Reported net income was ₹76.5M in FY2026.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹675M
Latest YoY
−20.5%
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.
−10.4%
Revenue −9.4%/yr
FY22 ₹1.0B
FY23 ₹938M
FY24 ₹531M
FY25 ₹849M
FY26 ₹675M
Net income
FY22 −₹22.6M
FY23 −₹24.1M
FY24 −₹222M
FY25 ₹6.5M
FY26 ₹76.5M

TICL screens 18% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Twamev Construction and Infrastructure Limited Fair Value". https://www.fairvalue-calculator.com/stock/TICL

Peer Group

Engineering & Construction · 838 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 38 · Bottom 25%
Fair Value upside −18% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 7% · Above median
Revenue growth -55% · Bottom 25%
Debt / equity 0.15× · Higher than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 19.2× · Pricier than median
P/B 0.68× · Cheaper than median
P/S (TTM) 3.15× · Pricier than 75% of peers
EV/EBITDA 31.7× · 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 9 · sector 15
FUTURE 0 · sector 14
PAST 10 · sector 26
HEALTH 92 · sector 94
DIVIDEND 0 · sector 43

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.

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Twamev Construction and Infrastructure Limited (TICL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹7.84 versus a price of ₹9.61, about −18% (overvalued).
What is the fair value of TICL?
Our model-based fair value for Twamev Construction and Infrastructure Limited is ₹7.84 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹9.61.
What is the quality score of TICL?
Twamev Construction and Infrastructure Limited has a Quality Score of 38/100. 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 Twamev Construction and Infrastructure Limited (TICL)?
Twamev Construction and Infrastructure Limited reported trailing-twelve-month revenue of about ₹674M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of TICL?
The net profit margin of Twamev Construction and Infrastructure Limited is about 11.3%, meaning it keeps roughly 11.3% 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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