Vipul Limited (VIPULLTD) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Vipul Limited ₹22.02, price ₹10.59, upside +107.9%, quality 33 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 Sep 27, 2026.
How to read this chart
60‑month range ₹7.46 – ₹50.49 · fair‑value band ₹17.22 – ₹30.27 · the ₹10.59 price screens below the ₹22.02 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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Vipul Limited engages in the development of real estate properties in India. Its project portfolio includes a range of residential properties, such as integrated townships, villas, and communities, as well as commercial and retail properties.
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Vipul Limited engages in the development of real estate properties in India. Its project portfolio includes a range of residential properties, such as integrated townships, villas, and communities, as well as commercial and retail properties. The company was formerly known as Vipul Infrastructure Developers Ltd and changed its name to Vipul Limited in January 2006. Vipul Limited was incorporated in 1991 and is based in Gurugram, India.
Stock analysis
Vipul Limited (VIPULLTD) currently trades at ₹10.59, while our model-based Fair Value estimate is ₹22.02, implying the stock looks roughly 51.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹45.27 per share, and 7 of the 7 models we run sit above the ₹10.59 price.
Bear case: the Asset-Based group reads lowest at ₹17.92, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹17.22 (bear) to ₹30.27 (bull), the price of ₹10.59 sits below 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 33/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Vipul Limited reported revenue of ₹871M in FY2025 versus ₹372M in FY2021, a compound +23.7%/yr. Reported net income was −₹283M in FY2025.
Key figures
Market cap ₹2.2B (≈ $22.6M) · P/S ratio 3.45 · EPS (TTM) ₹−2.07 · Net margin −32.5% · Return on equity −6.2% · Return on assets (EBIT) 0.7% · Operating margin −17.5% · Revenue (TTM) ₹631M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 42% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −48% fair-value upside, at 108%, VIPULLTD screens cheaper than that median.
Fair Value models
Bear ₹17.22Fair Value ₹22.02Bull ₹30.27
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.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.15/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−57.8%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−14.3%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−13.2%
Start year 2020 (pandemic). Over 10 years: −9.4% a year
Revenue growth 19 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−3.1%
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Profit margin (trend) ⓘ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.
−17.2% (2020) → −18.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
−35.1%
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 −37.6% a year for the price.
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.Real Estate - Diversified · 133 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside+107.9% · Top 25%
Profitability
Return on assets−1.9% · Bottom 25%
Net margin (TTM)−44.3% · Bottom 25%
Operating margin (TTM)−17.5% · Bottom 25%
Growth and dividend
Revenue growth−18.4% · Bottom 25%
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Vipul Limited Fair Value". https://www.fairvalue-calculator.com/stock/VIPULLTD
Frequently asked questions
Is Vipul Limited (VIPULLTD) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹22.02 versus a price of ₹10.59, about +108% upside (undervalued).
What is the fair value of VIPULLTD?
Our model-based fair value for Vipul Limited is ₹22.02 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹10.59.
What is the quality score of VIPULLTD?
Vipul Limited has a Quality Score of 33/100. 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 Vipul Limited (VIPULLTD)?
Our model-based price target is the fair value of ₹22.02 (as of Sep 27, 2026) from 7 valuation models. Cautious scenario ₹17.22, optimistic scenario ₹30.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Vipul Limited stock forecast for 2026?
Our models put fair value at ₹22.02, about +108% upside versus a price of ₹10.59 (undervalued). Cautious scenario ₹17.22, optimistic scenario ₹30.27. The calculation is refreshed regularly with new filings.
What is the revenue of Vipul Limited (VIPULLTD)?
Vipul Limited reported trailing-twelve-month revenue of about ₹631M (latest available figure, as of Sep 27, 2026).
What growth is priced into Vipul Limited (VIPULLTD)?
For today's price to be fair in a discounted-cash-flow model, Vipul Limited would have to grow free cash flow by -35.1 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -13.2 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of VIPULLTD use?
Our models discount Vipul Limited at 10.9 %: a base by market capitalisation (nano), damped by beta 0.49, 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 Vipul Limited that is -35.1 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Vipul Limited (VIPULLTD) delivered so far?
Over the past 5 years revenue at Vipul Limited grew -13.2 % a year. The price currently implies -35.1 % 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 Vipul Limited (VIPULLTD) growing?
The median revenue growth in the sector is +2.2 % a year. That is the yardstick for the growth priced into Vipul Limited (-35.1 % 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 Vipul Limited (VIPULLTD)?
The free-cash-flow yield on the price is 28.44 %: that much free cash flow Vipul Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Vipul Limited (VIPULLTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vipul Limited it is ₹22.02 per share (as of Sep 27, 2026), against a price of ₹10.59. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Vipul Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, VIPULLTD trades below its calculated fair value: price ₹10.59, fair value ₹22.02, a gap of about +108% (undervalued). 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 VIPULLTD?
No. The price is what the market pays today (₹10.59); the fair value is what the company's own numbers justify (₹22.02). For Vipul Limited the two are ₹11.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vipul Limited worth?
The market values Vipul Limited at about ₹2.2B (market capitalisation, as of Sep 27, 2026). Per share that is ₹10.59; our models calculate a fair value of ₹22.02 per share.
What do the bullish and bearish scenarios say about VIPULLTD?
Our models span a range for Vipul Limited: cautious scenario ₹17.22, base ₹22.02, optimistic ₹30.27 per share (as of Sep 27, 2026, price ₹10.59). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Vipul Limited (VIPULLTD)?
Balance-sheet figures for Vipul Limited (as of Sep 27, 2026): return on equity −6.2%. They feed the Quality Score of 33/100, which measures business quality independently of the share price.
How far is VIPULLTD from its 52-week high?
Vipul Limited trades at ₹10.59, about 41% below its 52-week high of ₹17.81 and 42% above the low of ₹7.46 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹22.02 is for.
Which stocks are comparable to Vipul Limited?
From the same area (Real Estate) we also value Swiss Prime Site AG, Central Pattana Public Company, The Phoenix Mills Limited, Prestige Estates Projects 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 Vipul Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹10.59, calculated fair value ₹22.02 (+108%), Quality Score 33/100, from 7 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 VIPULLTD calculated?
We run Vipul Limited through 7 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 ₹22.02, 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. Vipul Limited currently trades 52 % below its own fair value, and the market average says nothing about that. 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 Vipul Limited (VIPULLTD)?
The closing price on Oct 1, 2026 was ₹10.59. Our model-based fair value is ₹22.02, about +108% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vipul Limited right now?
The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹17.22). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Vipul Limited
How large is the market capitalisation of Vipul Limited (VIPULLTD)?
The market capitalisation of Vipul Limited is ₹2.2B (≈ $22.6M). 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 Vipul Limited (VIPULLTD)?
The price-to-sales ratio of Vipul Limited is 3.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vipul Limited (VIPULLTD)?
Earnings per share at Vipul Limited are ₹−2.07. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Vipul Limited (VIPULLTD)?
The net margin of Vipul Limited is −32.5% (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 Vipul Limited (VIPULLTD)?
The return on equity (ROE) of Vipul Limited is −6.2% (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 Vipul Limited (VIPULLTD)?
On an EBIT basis the return on assets of Vipul Limited is 0.7% (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 Vipul Limited (VIPULLTD)?
The operating margin of Vipul Limited is −17.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vipul Limited (VIPULLTD)?
Revenue at Vipul Limited is growing −18.4% versus a year earlier (3y avg −14.3%). 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 Vipul Limited (VIPULLTD)?
Earnings per share at Vipul Limited are growing −71.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Vipul Limited (VIPULLTD) carry?
The net debt of Vipul Limited is ₹445M (fiscal year 2025, ≈ 1.1 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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