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Vertoz Advertising Limited (VERTOZ) Fair Value & Analysis

Technology · IN · Market cap ₹3.3B

VA Vertoz Advertising Limited VERTOZ · NSE
Price₹35.97
Fair Value₹52.15
Upside+45.0%
Quality35/100
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Expensive Growth
Thin margins · 8.9% net margin
Low debt · negative free cash flow
0.27% dividend yield
Ranks above peers (6/10)
Moderate moat 48/100
Evidence: Medium Range ₹39.01 – ₹67.53 Share as image

Fair value as of: Aug 16, 2026

From 14 valuation models · updated 2 days ago

Share price −2.7% over the past month.

Below-average quality, screening 45% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹39.01). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

₹439.69 ₹0.0005 Fair Value ₹52.15 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.

How to read this chart

60‑month range ₹0.0005 – ₹439.69 · fair‑value band ₹39.01 – ₹67.53 · the ₹35.97 price screens below the ₹52.15 fair value. Dashed = 300-day average. As of Aug 16, 2026.

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Analysis

Vertoz Advertising Limited (VERTOZ) currently trades at ₹35.97, while our model-based Fair Value estimate is ₹52.15, implying the stock looks roughly 45.0% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Vertoz Advertising Limited generated revenue of ₹2.9B at a net margin of 8.9%. Revenue grew 13.1% year over year. It earns a return on equity of 12.5%. Net debt stands at ₹797M. Fundamentals as of Aug 16, 2026

Our scenario range runs from ₹39.01 (bear case) to ₹67.53 (bull case); at ₹35.97, the current price sits below 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 68% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -59% fair-value upside, at 45%, VERTOZ screens cheaper 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 ₹24.42 ₹27.68 ₹50.43 76
ROIC Compounder ₹23.90 ₹30.15 ₹40.90 72
Growth-Adj P/E ₹99.49 ₹142.13 ₹184.77 68
All 14 models by family
Earnings-Based
Graham-Dodd ₹20.80 ₹145.08 ₹203.60 54
Lynch FV ₹74.95 ₹107.08 ₹139.20 50
PEG = 1.0 ₹74.95 ₹107.08 ₹139.20 46
EPV ₹23.90 ₹28.44 ₹32.37 59
Multiples
P/E Multiple ₹50.48 ₹67.30 ₹84.13 63
P/S Multiple ₹39.01 ₹52.01 ₹65.01 58
P/B Multiple ₹39.01 ₹52.01 ₹65.01 55
EV/EBIT ₹41.22 ₹56.60 ₹71.97 53
EV/EBITDA ₹46.59 ₹63.76 ₹80.93 54
EV/Revenue ₹30.07 ₹45.06 ₹60.05 43
Asset-Based
NCAV (Graham) ₹13.67 ₹18.32 ₹27.35 50
Economic Profit
Residual Income ₹24.42 ₹27.68 ₹50.43 76
ROIC Compounder ₹23.90 ₹30.15 ₹40.90 72
Growth Earnings
Growth-Adj P/E ₹99.49 ₹142.13 ₹184.77 68

Widest divergence: Growth Earnings (₹142.13) versus Asset-Based (₹18.32). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹2.9B
Revenue growth (YoY) +13.1%
Net margin 8.9%
Return on equity 12.5%
Free cash flow −₹333M FY2026
P/E ratio 116.0
More key figures
Operating margin 13.2%
EPS (TTM) ₹0.3100
Dividend yield 0.3%
EPS growth (YoY) +12.4%
Net debt ₹797M FY2026

Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 39 · Market factors (momentum, volatility) 13

Profitability 42
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 27
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 25
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.

About the company

Vertoz Limited engages in the programmatic advertising business in India and internationally. It offers Ingenious Plex, a marketing and advertising technology cloud platform that uses advanced AI technology, machine learning, and programmatic advertising for data-driven decisions, automate workflows, and real-time optimize campaigns; IncrementX, a media …

Full company description

Vertoz Limited engages in the programmatic advertising business in India and internationally. It offers Ingenious Plex, a marketing and advertising technology cloud platform that uses advanced AI technology, machine learning, and programmatic advertising for data-driven decisions, automate workflows, and real-time optimize campaigns; IncrementX, a media representation platform; and Admozart, a real-time AdExchange platform that connects demand and supply partners of the digital advertising ecosystems. The company also provides Adzurite, a marketing platform personalized campaign management and access to a vast network of affiliates; and Qualispace, a cloud infrastructure platform that delivers web-presence solutions comprising cloud servers, web hosting, advanced enterprise email solutions, security certificates, etc.; and ConnectReseller, a Domain Name Registrar, which offers domain registration services for resellers, and SSL certificates. It serves e-commerce, education, banking and finance, travel and tourism, automobile, government, healthcare and pharma, retail, real estate, technology, foodech, hospitality, and FCMG/CPG industries. The company was formerly known as Vertoz Advertising Limited and changed its name to Vertoz Limited in July 2024. Vertoz Limited was incorporated in 2012 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Vertoz Advertising Limited reported revenue of ₹2.9B in FY2026 versus ₹416M in FY2022, a compound +62.7%/yr. Reported net income was ₹261M in FY2026, compounding +43.8%/yr from FY2022.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹2.9B
Latest YoY
+14.4%
Avg. 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.
+52.2%
Avg. 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.
+38.6%
Avg. growth/yr (13Y) 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.
+44.2%
Revenue +62.7%/yr
FY22 ₹416M
FY23 ₹828M
FY24 ₹1.6B
FY25 ₹2.6B
FY26 ₹2.9B
Net income +43.8%/yr
FY22 ₹61.0M
FY23 ₹110M
FY24 ₹158M
FY25 ₹260M
FY26 ₹261M
Character of growth · EPS growth decomposed (2015-2026) +22.1 % p.a.
Revenue per share +22.7 pp

of which total revenue +39.0 pp · buybacks/dilution −16.3 pp

EBIT margin −0.9 pp
Tax rate +1.4 pp
Residual (interest, one-offs) −1.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Vertoz Advertising Limited Fair Value". https://www.fairvalue-calculator.com/stock/VERTOZ

Peer Group

Software - Infrastructure · 370 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 35 · Bottom 25%
Fair Value upside +45% · Top 25%
Return on equity (TTM) 12% · Above median
Return on assets 6% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 13% · Above median
Revenue growth 13% · Above median
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 0.22× · Higher than median

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 116.0× · 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.

VALUE 93 · sector 0
FUTURE 66 · sector 49
PAST 50 · sector 14
HEALTH 89 · sector 99
DIVIDEND 5 · sector 30

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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360 Security Technology Inc 601360 ¥9.58 ¥1.05 -89%
One97 Communications Limited PAYTM ₹1,610 ₹241.68 -85%
PT GoTo Gojek Tokopedia Tbk GOTO 50.00 IDR 20.41 IDR -59%

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Frequently asked questions

Is Vertoz Advertising Limited (VERTOZ) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of ₹52.15 versus a price of ₹35.97, about +45% (undervalued).
What is the fair value of VERTOZ?
Our model-based fair value for Vertoz Advertising Limited is ₹52.15 (as of Aug 16, 2026), built from audited fundamentals. The current price is ₹35.97.
What is the quality score of VERTOZ?
Vertoz Advertising Limited has a Quality Score of 35/100. 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 Vertoz Advertising Limited (VERTOZ)?
Vertoz Advertising Limited reported trailing-twelve-month revenue of about ₹2.9B (latest available figure, as of Aug 16, 2026).
What is the net profit margin of VERTOZ?
The net profit margin of Vertoz Advertising Limited is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does Vertoz Advertising Limited pay a dividend?
Vertoz Advertising Limited currently shows a dividend yield of about 0.27% relative to its recent price (as of Aug 16, 2026).

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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