VERTEX SECURITIES LTD. (VERTEX) Fair Value & Analysis
Financial Services · IN · Market cap ₹365M
Risks
Fair value as of: Aug 13, 2026
From 1 valuation models · updated 8 days ago
Fair value updated Aug 13, 2026, revised from ₹0.6900 to ₹0.6300 (−8.7%) since Jul 6, 2026.
Below-average quality, and screening another 81% overvalued on our models.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹0.9400). The favourable scenario is already priced in.
- Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- A fairly wide model range (₹0.4700 to ₹0.9400) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹0.7400 – ₹7.36 · fair‑value band ₹0.4700 – ₹0.9400 · the ₹3.35 price screens above the ₹0.6300 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
VERTEX SECURITIES LTD. (VERTEX) currently trades at ₹3.35, while our model-based Fair Value estimate is ₹0.6300, implying the stock looks roughly 81.2% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Financial Services 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: low).
Over the trailing twelve months, VERTEX SECURITIES LTD. generated revenue of ₹75.1M at a net margin of -31.5%. Revenue grew 15.3% year over year. It earns a return on equity of -21.6%. Net debt stands at ₹13.2M. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹0.4700 (bear case) to ₹0.9400 (bull case); at ₹3.35, 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 32% below its 52-week high and 48% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -19% fair-value upside, at -81%, VERTEX 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.
All 1 models by family
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 30 · Market factors (momentum, volatility) 37
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.
About the company
Vertex Securities Limited, together with its subsidiaries, provides brokerage services in equity, equity derivatives, and currency derivatives in India. It offers commodity broking services. The company also operates as a depository participant of the National Securities Depository Ltd.
Full company description
Vertex Securities Limited, together with its subsidiaries, provides brokerage services in equity, equity derivatives, and currency derivatives in India. It offers commodity broking services. The company also operates as a depository participant of the National Securities Depository Ltd. In addition, it provides investment banking, corporate finance, project finance, real estate and infrastructure, trade finance, and micro finance services, as well as online trading services. The company was incorporated in 1993 and is based in Mumbai, India. Vertex Securities Limited is a subsidiary of Transwarranty Finance Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
VERTEX SECURITIES LTD. reported revenue of ₹65.9M in FY2026 versus ₹80.7M in FY2022, a compound −4.9%/yr. Reported net income was −₹23.7M in FY2026.
VERTEX screens 81% overvalued. Compare with Mirae Asset Securities Co →
Peer Group
Capital Markets · 439 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.
Valuation Multiples vs Capital Markets median · lower = cheaper
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.
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.
Similar stocks
10 more Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Mirae Asset Securities Co 006800 | 38,050 KRW | 18,009 KRW | -53% |
| Meritz Financial Group 138040 | 118,600 KRW | 52,717 KRW | -56% |
| Korea Investment Holdings 071050 | 200,500 KRW | 189,335 KRW | -6% |
| NH Investment & Securities Co 005940 | 28,550 KRW | 22,396 KRW | -22% |
| Samsung Securities Co 016360 | 93,100 KRW | 75,573 KRW | -19% |
| Kiwoom Securities Co 039490 | 299,000 KRW | 214,812 KRW | -28% |
| SSI Securities Corporation SSI | 19,400 VND | 17,375 VND | -10% |
| Bolsas y Mercados Argentinos S.A BYMA | 313.75 ARS | 294.30 ARS | -6% |
| Daishin Securities Co 003540 | 26,950 KRW | 48,790 KRW | +81% |
| SK Securities Co 001515 | 4,285 KRW | 1,395 KRW | -67% |
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Frequently asked questions
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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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