Venky's (India) Limited (VENKEYS) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Venky's (India) Limited ₹1,544, price ₹1,613, upside -4.3%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹1,171 – ₹3,579 · fair‑value band ₹1,024 – ₹2,121 · the ₹1,613 price screens above the ₹1,544 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Venky's (India) Limited primarily engages in the production and sale of poultry products in India and internationally. It operates through three segments: Poultry and Poultry Products, Animal Health Products, and Oilseed.
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Venky's (India) Limited primarily engages in the production and sale of poultry products in India and internationally. It operates through three segments: Poultry and Poultry Products, Animal Health Products, and Oilseed. The Poultry and Poultry Products segment produces and sells day old broiler and layer chicks, pathogen free eggs, processed chicken products, grownup commercial broiler, poultry feed, and other miscellaneous poultry products. Its Animal Health Products segment produces and sells medicines and other health products for birds. The Oilseed segment produces and sells edible refined soya oil and soya de-oiled cake. It also provides nutritional supplements, toxin binders, liver tonics, acidifiers, health promoters, iron tonic, antibiotics, anti-mycoplasma, dewormers, anti-gout, and electrolytes; disinfectants, water sanitizers, cleaners, and equipment; vitamin premixes and prebiotics; sports and medical nutrition, therapy products; egg powders; vaccines; and feed supplements. In addition, it provides PDRC; IMPT; and import and export services. The company was formerly known as Western Hatcheries Limited. Venky's (India) Limited was incorporated in 1976 and is based in Pune, India. Venky's (India) Limited is a subsidiary of Venkateshwara Hatcheries Private Limited.
Stock analysis
Venky's (India) Limited (VENKEYS) currently trades at ₹1,613, while our model-based Fair Value estimate is ₹1,544, so the stock looks roughly fairly valued today (gap 4.5%).
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Valuation
Bull case: the Multiples group reads highest at a median of ₹1,680 per share, and 13 of the 26 models we run sit above the ₹1,613 price.
Bear case: the Economic Profit group reads lowest at ₹674.98, and 13 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹1,024 (bear) to ₹2,121 (bull), the price of ₹1,613 sits inside 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 61/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Venky's (India) Limited reported revenue of ₹37.3B in FY2026 versus ₹44.0B in FY2022, a compound −4.1%/yr. Reported net income was ₹1.4B in FY2026, compounding −4.1%/yr from FY2022.
Key figures
Market cap ₹22.7B (≈ $236M) · P/E ratio 13.1 · P/S ratio 0.49 · EPS (TTM) ₹123.13 · Dividend yield 0.6% · Net margin 3.7% · Return on equity 9.1% · Return on assets (EBIT) 6.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 38% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 10% fair-value upside, at −4%, VENKEYS screens richer than that median.
Fair Value models
Bear ₹1,024Fair Value ₹1,544Bull ₹2,121
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 2026 figures (about 6 months old). Earnings retained since then (₹57.34 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.
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.82/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
−10.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.9%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−8.4% vs 16.6%, slowing
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.12% → 4%
2026 sits 76% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2021 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+12.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +7.8% a year for the price.
Compare Venky's (India) Limited with another stock
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.Farm Products · 284 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−4.3% · Below median
Profitability
Return on equity (TTM)9.1% · Above median
Return on assets4.4% · Above median
Net margin (TTM)4.4% · Above median
Operating margin (TTM)5.3% · Above median
Growth and dividend
Revenue growth29.2% · Top 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Farm Products median · lower = cheaper
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Is Venky's (India) Limited (VENKEYS) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹1,544 versus a price of ₹1,613, about −4% upside (fairly valued).
What is the fair value of VENKEYS?
Our model-based fair value for Venky's (India) Limited is ₹1,544 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹1,613.
What is the quality score of VENKEYS?
Venky's (India) Limited has a Quality Score of 61/100. 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 Venky's (India) Limited (VENKEYS)?
Our model-based price target is the fair value of ₹1,544 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹1,024, optimistic scenario ₹2,121. It is a calculation from audited fundamentals, not an analyst target.
What is the Venky's (India) Limited stock forecast for 2026?
Our models put fair value at ₹1,544, about −4% upside versus a price of ₹1,613 (fairly valued). Cautious scenario ₹1,024, optimistic scenario ₹2,121. The calculation is refreshed regularly with new filings.
What is the revenue of Venky's (India) Limited (VENKEYS)?
Venky's (India) Limited reported trailing-twelve-month revenue of about ₹39.8B (latest available figure, as of Oct 1, 2026).
Does Venky's (India) Limited pay a dividend?
Venky's (India) Limited currently shows a dividend yield of about 0.62% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Venky's (India) Limited (VENKEYS)?
For today's price to be fair in a discounted-cash-flow model, Venky's (India) Limited would have to grow free cash flow by +12.2 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.6 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of VENKEYS use?
Our models discount Venky's (India) Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.51, 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 Venky's (India) Limited that is +12.2 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Venky's (India) Limited (VENKEYS) delivered so far?
Over the past 5 years revenue at Venky's (India) Limited grew +3.6 % a year. The price currently implies +12.2 % 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 Venky's (India) Limited (VENKEYS) growing?
The median revenue growth in the sector is +3.0 % a year. That is the yardstick for the growth priced into Venky's (India) Limited (+12.2 % 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 Venky's (India) Limited (VENKEYS)?
The free-cash-flow yield on the price is 6.53 %: that much free cash flow Venky's (India) Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Venky's (India) Limited (VENKEYS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Venky's (India) Limited it is ₹1,544 per share (as of Oct 1, 2026), against a price of ₹1,613. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Venky's (India) Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, VENKEYS trades above its calculated fair value: price ₹1,613, fair value ₹1,544, a gap of about −4% (fairly valued). 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 VENKEYS?
No. The price is what the market pays today (₹1,613); the fair value is what the company's own numbers justify (₹1,544). For Venky's (India) Limited the two are ₹69.25 per share apart. That gap is exactly why we show both numbers side by side.
How much is Venky's (India) Limited worth?
The market values Venky's (India) Limited at about ₹22.7B (market capitalisation, as of Oct 1, 2026). Per share that is ₹1,613; our models calculate a fair value of ₹1,544 per share.
What do the bullish and bearish scenarios say about VENKEYS?
Our models span a range for Venky's (India) Limited: cautious scenario ₹1,024, base ₹1,544, optimistic ₹2,121 per share (as of Oct 1, 2026, price ₹1,613). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VENKEYS?
Venky's (India) Limited trades at a price-to-earnings ratio of 13.1 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,544 is built from several models across several years. Other multiples: P/B 1.4, P/S 0.6, EV/EBITDA 9.2.
How solid is the balance sheet of Venky's (India) Limited (VENKEYS)?
Balance-sheet figures for Venky's (India) Limited (as of Oct 1, 2026): return on equity 9.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is VENKEYS from its 52-week high?
Venky's (India) Limited trades at ₹1,613, about 10% below its 52-week high of ₹1,787 and 38% above the low of ₹1,171 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,544 is for.
Which stocks are comparable to Venky's (India) Limited?
From the same area (Consumer Defensive) we also value Archer-Daniels-Midland Company, Muyuan Foods Group, Bunge Global SA, Tyson Foods, Inc, 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 Venky's (India) Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹1,613, calculated fair value ₹1,544 (−4%), Quality Score 61/100, from 26 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 VENKEYS calculated?
We run Venky's (India) Limited through 26 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 ₹1,544, 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 14.5 % above its aggregate fair value. Venky's (India) 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 Venky's (India) Limited (VENKEYS)?
The closing price on Oct 1, 2026 was ₹1,613. Our model-based fair value is ₹1,544, about −4% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Venky's (India) Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹1,024 to ₹2,121) leaves room in how you read the outcome.
Where does the earnings growth of Venky's (India) Limited (VENKEYS) come from?
Earnings per share at Venky's (India) Limited grew +7.6 % a year from 2015 to 2026. Broken into its drivers: revenue per share +6.1 %, EBIT margin −8.6 %, tax rate +1.9 %, residual (interest, one-offs) +9.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Venky's (India) Limited
How large is the market capitalisation of Venky's (India) Limited (VENKEYS)?
The market capitalisation of Venky's (India) Limited is ₹22.7B (≈ $236M). 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 Venky's (India) Limited (VENKEYS)?
The price-to-sales ratio of Venky's (India) Limited is 0.49 (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 Venky's (India) Limited (VENKEYS)?
Earnings per share at Venky's (India) Limited are ₹123.13 (price ÷ EPS = P/E 13.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Venky's (India) Limited (VENKEYS)?
The dividend yield of Venky's (India) Limited is 0.6% (payout 8.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Venky's (India) Limited (VENKEYS)?
The net margin of Venky's (India) Limited is 3.7% (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 Venky's (India) Limited (VENKEYS)?
The return on equity (ROE) of Venky's (India) Limited is 9.1% (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 Venky's (India) Limited (VENKEYS)?
On an EBIT basis the return on assets of Venky's (India) Limited is 6.5% (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 Venky's (India) Limited (VENKEYS)?
The operating margin of Venky's (India) Limited is 5.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Venky's (India) Limited (VENKEYS)?
Revenue at Venky's (India) Limited is growing +29.2% versus a year earlier (3y avg −4.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Venky's (India) Limited (VENKEYS)?
Earnings per share at Venky's (India) Limited are growing +216% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Venky's (India) Limited (VENKEYS) carry?
The net debt of Venky's (India) Limited is ₹756M (fiscal year 2026, ≈ 0.5 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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