VAGHANI TECHNO-BUILD LTD. (VAGHANI) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of VAGHANI TECHNO-BUILD LTD. ₹176, price ₹227, upside -22.4%, quality 57 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 4, 2026.
How to read this chart
60‑month range ₹0.0000 – ₹300.60 · fair‑value band ₹131.93 – ₹219.56 · the ₹227.20 price screens above the ₹176.23 fair value. Dashed = 300-day average. As of Oct 4, 2026.
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Vaghani Techno-Build Limited engages in the real estate development business in India. It is involved in the trading of transfer of development rights. The company was formerly known as Dhruv Makhan (India) Ltd. and changed its name to Vaghani Techno-Build Limited. The company was incorporated in 1994 and is based in Mumbai, India.
Stock analysis
VAGHANI TECHNO-BUILD LTD. (VAGHANI) currently trades at ₹227.20, while our model-based Fair Value estimate is ₹176.23, 22.4% 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 ₹299.49 per share, and 2 of the 6 models we run sit above the ₹227.20 price.
Bear case: the Multiples group reads lowest at ₹78.97, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹131.93 (bear) to ₹219.56 (bull), the price of ₹227.20 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 57/100 (solid quality), in the Real Estate sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
VAGHANI TECHNO-BUILD LTD. reported revenue of ₹5.0M in FY2025 versus ₹0 in FY2021. Reported net income was ₹1.7M in FY2025.
Key figures
Market cap ₹3.7B (≈ $38.2M) · P/E ratio 236.7 · P/S ratio 80.5 · EPS (TTM) ₹0.9600 · Net margin 34.0% · Return on equity 4.7% · Return on assets (EBIT) 1.0% · Operating margin 68.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 332% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at −22%, VAGHANI screens richer than that median.
Fair Value models
Bear ₹131.93Fair Value ₹176.23Bull ₹219.56
Price ₹227.20 · Upside -22.4%
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 2025 figures (about 12 months old). Earnings retained since then (₹0.9600 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.
Highest evidence
EV/EBIT₹59.71₹78.97₹97.2663
Residual Income₹312.01₹296.61₹294.6861
P/S Multiple₹131.93₹176.23₹219.5758
All 6 models by family
Multiples
P/S Multiple₹131.93₹176.23₹219.5758
P/B Multiple₹131.93₹176.23₹219.5755
EV/EBIT₹59.71₹78.97₹97.2663
EV/Revenue₹33.71₹47.19₹60.6751
Asset-Based
NCAV (Graham)₹223.42₹299.49₹446.8351
Economic Profit
Residual Income₹312.01₹296.61₹294.6861
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.7/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year (last 3 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 3 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.
≈ −53.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−53.6%
Dividend (yield on the price)0.0%
⚠ Rate on operating basis: 2025 sits 206% above its own trend.
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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.Real Estate Services · 528 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−22.4% · Below median
Profitability
Return on equity (TTM)4.7% · Above median
Return on assets2.8% · Above median
Net margin (TTM)45.9% · Top 25%
Operating margin (TTM)68.1% · Top 25%
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
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Is VAGHANI TECHNO-BUILD LTD. (VAGHANI) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ₹176.23 versus a price of ₹227.20, about −22% upside (overvalued).
What is the fair value of VAGHANI?
Our model-based fair value for VAGHANI TECHNO-BUILD LTD. is ₹176.23 (as of Oct 4, 2026), built from audited fundamentals. The current price: ₹227.20.
What is the quality score of VAGHANI?
VAGHANI TECHNO-BUILD LTD. has a Quality Score of 57/100. 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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
Our model-based price target is the fair value of ₹176.23 (as of Oct 4, 2026) from 6 valuation models. Cautious scenario ₹131.93, optimistic scenario ₹219.56. It is a calculation from audited fundamentals, not an analyst target.
What is the VAGHANI TECHNO-BUILD LTD. stock forecast for 2026?
Our models put fair value at ₹176.23, about −22% upside versus a price of ₹227.20 (overvalued). Cautious scenario ₹131.93, optimistic scenario ₹219.56. The calculation is refreshed regularly with new filings.
What is the revenue of VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
VAGHANI TECHNO-BUILD LTD. reported trailing-twelve-month revenue of about ₹11.0M (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VAGHANI TECHNO-BUILD LTD. it is ₹176.23 per share (as of Oct 4, 2026), against a price of ₹227.20. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is VAGHANI TECHNO-BUILD LTD. stock overvalued or undervalued in 2026?
As of Oct 4, 2026, VAGHANI trades above its calculated fair value: price ₹227.20, fair value ₹176.23, a gap of about −22% (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 VAGHANI?
No. The price is what the market pays today (₹227.20); the fair value is what the company's own numbers justify (₹176.23). For VAGHANI TECHNO-BUILD LTD. the two are ₹50.97 per share apart. That gap is exactly why we show both numbers side by side.
How much is VAGHANI TECHNO-BUILD LTD. worth?
The market values VAGHANI TECHNO-BUILD LTD. at about ₹3.7B (market capitalisation, as of Oct 4, 2026). Per share that is ₹227.20; our models calculate a fair value of ₹176.23 per share.
What do the bullish and bearish scenarios say about VAGHANI?
Our models span a range for VAGHANI TECHNO-BUILD LTD.: cautious scenario ₹131.93, base ₹176.23, optimistic ₹219.56 per share (as of Oct 4, 2026, price ₹227.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VAGHANI?
VAGHANI TECHNO-BUILD LTD. trades at a price-to-earnings ratio of 236.7 (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 ₹176.23 is built from several models across several years.
How solid is the balance sheet of VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
Balance-sheet figures for VAGHANI TECHNO-BUILD LTD. (as of Oct 4, 2026): return on equity 4.7%. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is VAGHANI from its 52-week high?
VAGHANI TECHNO-BUILD LTD. trades at ₹227.20, about 24% below its 52-week high of ₹300.60 and 332% above the low of ₹52.65 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹176.23 is for.
Which stocks are comparable to VAGHANI TECHNO-BUILD LTD.?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, KE Holdings, Swire Properties 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 VAGHANI TECHNO-BUILD LTD. stock attractive at the current price?
The data as of Oct 4, 2026: price ₹227.20, calculated fair value ₹176.23 (−22%), Quality Score 57/100, from 6 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 VAGHANI calculated?
We run VAGHANI TECHNO-BUILD LTD. through 6 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 ₹176.23, 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 14.6 % above its aggregate fair value. VAGHANI TECHNO-BUILD LTD. 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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
The closing price on Oct 9, 2026 was ₹227.20. Our model-based fair value is ₹176.23, about −22% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VAGHANI TECHNO-BUILD LTD. right now?
The price sits above even our optimistic bull case (₹219.56). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of VAGHANI TECHNO-BUILD LTD.
How large is the market capitalisation of VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
The market capitalisation of VAGHANI TECHNO-BUILD LTD. is ₹3.7B (≈ $38.2M). 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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
The price-to-sales ratio of VAGHANI TECHNO-BUILD LTD. is 80.5 (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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
Earnings per share at VAGHANI TECHNO-BUILD LTD. are ₹0.9600 (price ÷ EPS = P/E 236.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
The net margin of VAGHANI TECHNO-BUILD LTD. is 34.0% (fiscal year 2025). 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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
The return on equity (ROE) of VAGHANI TECHNO-BUILD LTD. is 4.7% (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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
On an EBIT basis the return on assets of VAGHANI TECHNO-BUILD LTD. is 1.0% (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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
The operating margin of VAGHANI TECHNO-BUILD LTD. is 68.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast are earnings growing at VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
Earnings per share at VAGHANI TECHNO-BUILD LTD. are growing +46.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does VAGHANI TECHNO-BUILD LTD. (VAGHANI) generate?
The free cash flow of VAGHANI TECHNO-BUILD LTD. is −₹9.6M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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