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VAGHANI TECHNO-BUILD LTD. (VAGHANI) Fair Value & Analysis

Real Estate · IN · Market cap ₹3.7B

VT VAGHANI TECHNO-BUILD LTD. VAGHANI · BSE
Price₹274.50
Fair Value₹175.16
Upside-36.2%
Quality59/100
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Strengths

Highly profitable · 45.9% net margin
Ranks above peers (5/8)

Risks

!Trades 57% ABOVE our fair value of ₹175.16
!Weak Growth
!negative free cash flow
!Moderate moat 57/100
Weak Growth
Highly profitable · 45.9% net margin
negative free cash flow
Ranks above peers (5/8)
Moderate moat 57/100
Evidence: Medium Range ₹131.13 – ₹218.23 Share as image

Fair value as of: Aug 26, 2026

From 6 valuation models · updated today

Fair value updated Aug 26, 2026, revised from ₹174.51 to ₹175.16 (+0.4%) since Aug 13, 2026. Share price +16.7% over the past month.

A solid business, but trading 57% above our fair value.

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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 (₹218.23). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) 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.
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Price vs Fair Value (5 years)

₹300.60 ₹0.0000 Fair Value ₹175.16 Jul 2015 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 ₹0.0000 – ₹300.60 · fair‑value band ₹131.13 – ₹218.23 · the ₹274.50 price screens above the ₹175.16 fair value. Dashed = 300-day average. As of Aug 26, 2026.

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Analysis

VAGHANI TECHNO-BUILD LTD. (VAGHANI) currently trades at ₹274.50, while our model-based Fair Value estimate is ₹175.16, implying the stock looks roughly 36.2% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Real Estate 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, VAGHANI TECHNO-BUILD LTD. generated revenue of ₹11.0M at a net margin of 45.9%. It earns a return on equity of 4.7%. Fundamentals as of Aug 26, 2026

Our scenario range runs from ₹131.13 (bear case) to ₹218.23 (bull case); at ₹274.50, 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 10% below its 52-week high. For context, the median of 10 Real Estate peers we cover trades at -22% fair-value upside, at -36%, VAGHANI 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.

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
Residual Income ₹310.12 ₹293.85 ₹231.63 61
P/S Multiple ₹131.13 ₹175.16 ₹218.23 58
P/B Multiple ₹131.13 ₹175.16 ₹218.23 55
All 6 models by family
Multiples
P/S Multiple ₹131.13 ₹175.16 ₹218.23 58
P/B Multiple ₹131.13 ₹175.16 ₹218.23 55
EV/EBIT ₹59.34 ₹78.49 ₹96.67 53
EV/Revenue ₹33.50 ₹46.90 ₹60.30 43
Asset-Based
NCAV (Graham) ₹222.06 ₹297.68 ₹444.12 50
Economic Profit
Residual Income ₹310.12 ₹293.85 ₹231.63 61

Widest divergence: Asset-Based (₹297.68) versus Multiples (₹78.49). Highest evidence: Residual Income (61).

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Key figures & financial health

P/E ratio 285.9
Net margin 45.9% TTM
Return on equity 4.7% TTM
Return on assets 2.8% TTM
Operating margin 68.1% TTM
EPS (TTM) ₹0.9600
More key figures
Growth
Revenue (TTM) ₹11.0M TTM
EPS growth (YoY) +46.0%
Balance sheet & cash flow
Free cash flow −₹9.6M FY2025

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

Quality Score breakdown

Overall quality 59/100

Of which business quality 49 · Market factors (momentum, volatility) 70

Profitability 33
Margins and returns on capital today
Quality Growth 82
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 49
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 66
Calm price path (market factor)
Momentum 58
Price trend over the last 3–12 months (market factor)
52W Momentum 94
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

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

VAGHANI TECHNO-BUILD LTD. reported revenue of ₹5.0M in FY2025 versus ₹0 in FY2021. Reported net income was ₹1.7M in FY2025.

Growth Quality 7/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
₹5.0M
Value creation/yr (3Y) Earnings growth per share (CAGR 3 years, EBIT basis) plus dividend yield: value created per share and year.
−53.6% (-53.6 + 0.0)
Revenue
FY21 ₹0
FY22 ₹0
FY23 ₹0
FY24 ₹0
FY25 ₹5.0M
Net income
FY21 −₹54.0K
FY22 ₹515K
FY23 ₹596K
FY24 −₹1.0M
FY25 ₹1.7M

VAGHANI screens 36% overvalued. Compare with CBRE Group →

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Cite: Fair Value Calculator (2026). "VAGHANI TECHNO-BUILD LTD. Fair Value". https://www.fairvalue-calculator.com/stock/VAGHANI

Peer Group

Real Estate Services · 538 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 57 · Above median
Fair Value upside −36% · Below median
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 46% · Top 25%
Operating margin (TTM) 68% · Top 25%
Revenue growth 0% · Below median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 285.9× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 33
FUTURE0 · sector 10
PAST19 · sector 16
HEALTH0 · sector 85
DIVIDEND0 · sector 59

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 26, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $147.40 $69.47 -53%
Vonovia SE VNA €20.06 €36.67 +83%
Cellnex Telecom, S.A CLNX €27.47 €25.46 -7%
KE Holdings BEKE $17.42 $6.57 -62%
Jones Lang LaSalle Incorporated JLL $387.37 $290.25 -25%
Swire Properties Limited 1972 HK$24.08 HK$18.75 -22%
CoStar Group CSGP $30.50 $4.64 -85%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 -12%
CapitaLand Investment Limited 9CI 2.73 SGD 0.4900 SGD -82%
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%

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Frequently asked questions

Is VAGHANI TECHNO-BUILD LTD. (VAGHANI) overvalued or undervalued?
As of Aug 26, 2026, our model estimates a fair value of ₹175.16 versus a price of ₹274.50, about −36% (overvalued).
What is the fair value of VAGHANI?
Our model-based fair value for VAGHANI TECHNO-BUILD LTD. is ₹175.16 (as of Aug 26, 2026), built from audited fundamentals. The current price: ₹274.50.
What is the quality score of VAGHANI?
VAGHANI TECHNO-BUILD LTD. has a Quality Score of 59/100. 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 VAGHANI TECHNO-BUILD LTD. (VAGHANI)?
VAGHANI TECHNO-BUILD LTD. reported trailing-twelve-month revenue of about ₹11.0M (latest available figure, as of Aug 26, 2026).
What is the net profit margin of VAGHANI?
The net profit margin of VAGHANI TECHNO-BUILD LTD. is about 45.9%, meaning it keeps roughly 45.9% 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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