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UTL Industries Limited (UTLINDS) Fair Value & Analysis

Industrials · IN · Market cap ₹48.1M (≈ $505K) · ISIN INE184E01024

UI UTL Industries Limited UTLINDS · BSE
Price₹1.47
Fair Value₹0.2800
Upside-81.0%
Quality63/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 425% ABOVE our fair value of ₹0.2800
!Weak Growth (revenue 5y −34.0 %/yr)
!Loss over the last twelve months · -72.8% net margin · fiscal year 2026 21.5%
!Trails peers (3/10)
Weak Growth (revenue 5y −34.0 %/yr)
Loss over the last twelve months · -72.8% net margin · fiscal year 2026 21.5%
Low debt · generates free cash flow
Trails peers (3/10)
Narrow moat 19/100
Evidence: High Range ₹0.1200 – ₹0.3500 Share as image

Fair value as of: Aug 26, 2026

From 23 valuation models · updated 2 days ago

Share price −3.3% over the past month.

A solid business, but trading 425% above our fair value.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters 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 (₹0.1200 to ₹0.3500). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

₹13.26 ₹1.29 Fair Value ₹0.2800 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 26, 2026.

How to read this chart

60‑month range ₹1.29 – ₹13.26 · fair‑value band ₹0.1200 – ₹0.3500 · the ₹1.47 price screens above the ₹0.2800 fair value. Dashed = 300-day average. As of Aug 26, 2026.

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Analysis

UTL Industries Limited (UTLINDS) currently trades at ₹1.47, while our model-based Fair Value estimate is ₹0.2800, implying the stock looks roughly 81.0% overvalued today. The Quality Score stands at 63/100 (solid 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: high).

Over the trailing twelve months, UTL Industries Limited generated revenue of ₹2.7M at a net margin of 21.5%. Revenue grew 36.3% year over year. It earns a return on equity of 1.4%. The stock trades on a trailing P/E of 73.5. Fundamentals as of Aug 26, 2026

Our scenario range runs from ₹0.1200 (bear case) to ₹0.3500 (bull case); at ₹1.47, the current price sits above 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 59% below its 52-week high and 14% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -46% fair-value upside, at -81%, UTLINDS screens richer 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (₹0.0300 to ₹0.8500). Read the values as a conservative anchor, not as a price target.
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
Growth DCF ₹0.0200 ₹0.0300 ₹0.0500 80
Rev-Margin DCF ₹0.0800 ₹0.1700 ₹0.3500 74
ROIC Compounder ₹0.0600 ₹0.0700 ₹0.0800 72
All 23 models by family
DCF Models
FCF DCF ₹0.0200 ₹0.0300 ₹0.0500 38
5Y Revenue Exit ₹0.0800 ₹0.1500 ₹0.3100 39
5Y EBITDA Exit ₹0.1200 ₹0.2300 ₹0.4600 41
5Y P/E Exit ₹0.1900 ₹0.4700 ₹0.8600 38
10Y Revenue Exit ₹0.0500 ₹0.1500 ₹0.2200 36
10Y EBITDA Exit ₹0.0800 ₹0.2200 ₹0.4800 37
10Y P/E Exit ₹0.1200 ₹0.3500 ₹0.7300 35
Earnings-Based
Graham-Dodd ₹0.1200 ₹0.8300 ₹1.17 54
Lynch FV ₹0.3700 ₹0.5300 ₹0.6900 50
PEG = 1.0 ₹0.3700 ₹0.5300 ₹0.6900 46
EPV ₹0.0600 ₹0.0700 ₹0.0800 59
Multiples
P/E Multiple ₹0.2800 ₹0.3700 ₹0.4600 63
P/S Multiple ₹0.1200 ₹0.1600 ₹0.2000 58
P/B Multiple ₹0.2200 ₹0.3000 ₹0.3700 55
EV/EBIT ₹0.2200 ₹0.3000 ₹0.3700 53
EV/EBITDA ₹0.1700 ₹0.2300 ₹0.2900 54
EV/Revenue ₹0.1000 ₹0.1500 ₹0.1900 43
Asset-Based
NCAV (Graham) ₹0.6300 ₹0.8500 ₹1.26 50
Growth DCF
Growth DCF ₹0.0200 ₹0.0300 ₹0.0500 80
Rev-Margin DCF ₹0.0800 ₹0.1700 ₹0.3500 74
Economic Profit
Residual Income ₹0.7800 ₹0.7000 ₹0.4500 61
ROIC Compounder ₹0.0600 ₹0.0700 ₹0.0800 72
Growth Earnings
Growth-Adj P/E ₹0.5000 ₹0.7100 ₹0.9300 68

Widest divergence: Asset-Based (₹0.8500) versus Growth DCF (₹0.0300). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 73.5
P/S ratio 15.8 P/E × margin
EPS (TTM) ₹0.0200 price ÷ EPS = P/E 73.5
Net margin 21.5% FY2026
Return on equity 1.4% TTM
Return on assets (EBIT) -1.9% avg 5y
More key figures
Profitability
Operating margin -116% TTM
Growth
Revenue (TTM) ₹2.7M TTM
Revenue growth (YoY) +36.3% 3y avg +90.2%
Balance sheet & cash flow
Free cash flow ₹56.0K FY2026
Net debt ₹642K FY2026 · ≈ 11.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 60 · Market factors (momentum, volatility) 35

Profitability 28
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 61
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 55
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

UTL Industries Limited primarily engages in the construction activities in India. The company is involved in the construction of commercial and non-commercial buildings. It also engages in the supply and management of manpower and infrastructure; and development of infrastructure and real estate projects.

Full company description

UTL Industries Limited primarily engages in the construction activities in India. The company is involved in the construction of commercial and non-commercial buildings. 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.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 37/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹2.7M
Latest YoY
+68.0%
Avg. revenue 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.
+90.2%
Avg. revenue growth/yr (5Y) 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.
−34.0%
Avg. revenue growth/yr (7Y) 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.
−41.5%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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% (-23.3 + 0.0)
Revenue +36.8%/yr
FY22 ₹767K
FY23 ₹390K
FY24 ₹733K
FY25 ₹1.6M
FY26 ₹2.7M
Net income
FY22 −₹2.1M
FY23 −₹968K
FY24 −₹2.3M
FY25 −₹1.0M
FY26 ₹578K

UTLINDS screens 81% overvalued. Compare with Quanta Services, Inc →

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Cite: Fair Value Calculator (2026). "UTL Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/UTLINDS

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 63 · Top 25%
Fair Value upside −81% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets 1% · Below median
Net margin (TTM) -73% · Bottom 25%
Revenue growth -91% · Bottom 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 73.5× · Pricier than 75% of peers
P/S (TTM) 0.43× · Cheaper than median
P/FCF 9.0× · Pricier than median

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 16
FUTURE0 · sector 14
PAST6 · sector 26
HEALTH100 · sector 94
DIVIDEND0 · sector 39

VALUE 0: the price sits above our fair-value range.

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

Similar stocks

10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

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HOCHTIEF Aktiengesellschaft HOT €425.60 €203.87 -52%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
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MasTec, Inc MTZ $248.73 $100.00 -60%
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Frequently asked questions

Is UTL Industries Limited (UTLINDS) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of ₹0.2800 versus a price of ₹1.47, about −81% (overvalued).
What is the fair value of UTLINDS?
Our model-based fair value for UTL Industries Limited is ₹0.2800 (as of Aug 26, 2026), built from audited fundamentals. The current price: ₹1.47.
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 revenue of UTL Industries Limited (UTLINDS)?
UTL Industries Limited reported trailing-twelve-month revenue of about ₹2.7M (latest available figure, as of Aug 26, 2026).
What is the net profit margin of UTLINDS?
The net profit margin of UTL Industries Limited is about 21.5%, meaning it keeps roughly 21.5% 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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