UTL Industries Limited (UTLINDS) fair value: what the stock is really worth
As of Oct 19, 2026: fair value (intrinsic value) of UTL Industries Limited stock ₹0.25, price ₹1.41, upside -82.3%, quality 63 out of 100. Rating: strongly overvalued. 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 4, 2026.
How to read this chart
60‑month range ₹1.29 – ₹11.88 · fair‑value band ₹0.0900 – ₹0.3500 · the ₹1.41 price screens above the ₹0.2500 fair value. Dashed = 300-day average. As of Oct 4, 2026.
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UTL Industries Limited primarily engages in the construction activities in India. The company is involved in the construction of commercial and non-commercial buildings.
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It also engages in the supply and management of manpower and infrastructure; and development of infrastructure and real estate projects. In addition, the company provides IT services, such as bulk SMS, data, voice, and video collection and processing services.
Further, the company generates, distributes, and supplies solar energy. The company serves automotive, engineering, oil and gas, and materials supply industries. The company was formerly known as Uni-Tubes Limited and changed its name to UTL Industries Limited in December 2013.
UTL Industries Limited was incorporated in 1989 and is based in Vadodara, India.
Stock analysis
UTL Industries Limited (UTLINDS) currently trades at ₹1.41, while our model-based Fair Value estimate is ₹0.2500, 82.3% 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 ₹1.26 per share, and 1 of the 23 models we run sit above the ₹1.41 price.
Bear case: the Growth DCF group reads lowest at ₹0.0400, and 22 of the 23 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹0.0900 (bear) to ₹0.3500 (bull), the price of ₹1.41 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 63/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
UTL Industries Limited reported revenue of ₹2.7M in FY2026 versus ₹767K in FY2022, a compound +36.8%/yr. Reported net income was ₹578K in FY2026.
Key figures
Market cap ₹46.5M (≈ $490K) Micro · P/E ratio 73.0 · P/S ratio 15.7 · EPS (TTM) ₹−0.0200 · Net margin 21.5% · Return on equity 1.4% · Return on assets (EBIT) −1.9% · Operating margin −441%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 20 out of 100 (low confidence).
What moves the price
The share trades about 60% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −35% fair-value upside, at −82%, UTLINDS screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹0.0300 to ₹5.68). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹0.0900Fair Value ₹0.2500Bull₹0.3500
Price ₹1.41 · Upside -82.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.32/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+68.0%
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.
+90.2%
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.
−34.0%
Start year 2021 (pandemic)
Revenue growth 7 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.
−41.5%
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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.
−23.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.3%
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.21% → 22%
⚠ Revenue per share shrinking 48.6%/yr over ~5Y (margins eroding too) ⓘ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.
Growth Forecast
A lot of optimism in the price
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).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
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.Engineering & Construction · 786 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Top 25%
Fair Value upside−82.3% · Bottom 25%
Profitability
Return on equity (12 months)1.4% · Below median
Return on assets1.3% · Below median
Net margin (12 months)−72.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−91.2% · Bottom 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (12 months)73.0× · Priciest 25%
P/B1.12× · Cheaper than median
P/S (12 months)39.25× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 30
FUTURE (revenue growth)0· sector 19
PAST (return on equity)6· sector 28
HEALTH (low debt)100· sector 94
DIVIDEND (yield)0· sector 42
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 UTL Industries Limited (UTLINDS) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ₹0.2500 versus a price of ₹1.41, about −82% upside (overvalued).
What is the fair value of UTLINDS?
Our model-based fair value for UTL Industries Limited is ₹0.2500 (as of Oct 4, 2026), built from audited fundamentals. The current price: ₹1.41.
What is the quality score of UTLINDS?
UTL Industries Limited has a Quality Score of 63/100. 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 UTL Industries Limited (UTLINDS)?
Our model-based price target is the fair value of ₹0.2500 (as of Oct 4, 2026) from 23 valuation models. Cautious scenario ₹0.0900, optimistic scenario ₹0.3500. It is a calculation from audited fundamentals, not an analyst target.
What is the UTL Industries Limited stock forecast for 2026?
Our models put fair value at ₹0.2500, about −82% upside versus a price of ₹1.41 (overvalued). Cautious scenario ₹0.0900, optimistic scenario ₹0.3500. The calculation is refreshed regularly with new filings.
What is the revenue of UTL Industries Limited (UTLINDS)?
UTL Industries Limited reported trailing-twelve-month revenue of about ₹1.2M (latest available figure, as of Oct 4, 2026).
What growth is priced into UTL Industries Limited (UTLINDS)?
For today's price to be fair in a discounted-cash-flow model, UTL Industries Limited would have to grow free cash flow by more than 80 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -34.0 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of UTLINDS use?
Our models discount UTL Industries Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.27, 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 UTL Industries Limited that is more than 80 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has UTL Industries Limited (UTLINDS) delivered so far?
Over the past 5 years revenue at UTL Industries Limited grew -34.0 % a year. The price currently implies more than 80 % 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 UTL Industries Limited (UTLINDS) growing?
The median revenue growth in the sector is +7.4 % a year. That is the yardstick for the growth priced into UTL Industries Limited (more than 80 % 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 UTL Industries Limited (UTLINDS)?
The free-cash-flow yield on the price is 0.12 %: that much free cash flow UTL Industries Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of UTL Industries Limited (UTLINDS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For UTL Industries Limited it is ₹0.2500 per share (as of Oct 4, 2026), against a price of ₹1.41. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is UTL Industries Limited stock overvalued or undervalued in 2026?
As of Oct 4, 2026, UTLINDS trades above its calculated fair value: price ₹1.41, fair value ₹0.2500, 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 UTLINDS?
No. The price is what the market pays today (₹1.41); the fair value is what the company's own numbers justify (₹0.2500). For UTL Industries Limited the two are ₹1.16 per share apart. That gap is exactly why we show both numbers side by side.
How much is UTL Industries Limited worth?
The market values UTL Industries Limited at about ₹46.5M (market capitalisation, as of Oct 4, 2026). Per share that is ₹1.41; our models calculate a fair value of ₹0.2500 per share.
What do the bullish and bearish scenarios say about UTLINDS?
Our models span a range for UTL Industries Limited: cautious scenario ₹0.0900, base ₹0.2500, optimistic ₹0.3500 per share (as of Oct 4, 2026, price ₹1.41). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of UTLINDS?
UTL Industries Limited trades at a price-to-earnings ratio of 73.0 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹0.2500 is built from several models across several years. Other multiples: P/B 1.1, P/S 39.2.
How solid is the balance sheet of UTL Industries Limited (UTLINDS)?
Balance-sheet figures for UTL Industries Limited (as of Oct 4, 2026): return on equity 1.4%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is UTLINDS from its 52-week high?
UTL Industries Limited trades at ₹1.41, about 60% below its 52-week high of ₹3.53 and 4% above the low of ₹1.35 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.2500 is for.
Which stocks are comparable to UTL Industries Limited?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, 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 UTL Industries Limited stock attractive at the current price?
The data as of Oct 4, 2026: price ₹1.41, calculated fair value ₹0.2500 (−82%), Quality Score 63/100, 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 UTLINDS calculated?
We run UTL Industries Limited 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 ₹0.2500, 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 13.9 % above its aggregate fair value. UTL Industries Limited 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 UTL Industries Limited (UTLINDS)?
The closing price on Oct 19, 2026 was ₹1.41. Our model-based fair value is ₹0.2500, about −82% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with UTL Industries Limited right now?
The price sits above even our optimistic bull case (₹0.3500). The favourable scenario is already priced in. The model range is unusually wide (₹0.0900 to ₹0.3500). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of UTL Industries Limited
How large is the market capitalisation of UTL Industries Limited (UTLINDS)?
The market capitalisation of UTL Industries Limited is ₹46.5M (≈ $490K). 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 UTL Industries Limited (UTLINDS)?
The price-to-sales ratio of UTL Industries Limited is 15.7 (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 UTL Industries Limited (UTLINDS)?
Earnings per share at UTL Industries Limited are ₹−0.0200 (price ÷ EPS = P/E 73.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of UTL Industries Limited (UTLINDS)?
The net margin of UTL Industries Limited is 21.5% (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 UTL Industries Limited (UTLINDS)?
The return on equity (ROE) of UTL Industries Limited is 1.4% (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 UTL Industries Limited (UTLINDS)?
On an EBIT basis the return on assets of UTL Industries Limited is −1.9% (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 UTL Industries Limited (UTLINDS)?
The operating margin of UTL Industries Limited is −441% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at UTL Industries Limited (UTLINDS)?
Revenue at UTL Industries Limited is growing −91.2% versus a year earlier (3y avg +90.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does UTL Industries Limited (UTLINDS) carry?
The net debt of UTL Industries Limited is ₹642K (fiscal year 2026, ≈ 11.5 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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Thin data
Oct 4, 2026