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Veeram Securities Limited (VSL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹1.2B

VS Veeram Securities Limited VSL · BSE
Price₹10.65
Fair Value₹11.08
Upside+4.0%
Quality50/100
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Evidence: Medium Range ₹7.76 – ₹14.19

Fair value as of: Jul 6, 2026

From 13 valuation models · updated today

Share price −2.6% over the past month.

Price vs Fair Value (12 months)

₹12.61 ₹7.56 Fair Value ₹11.08 Jun 2025 Jul 2026

12‑month range ₹7.56 – ₹12.61 · fair‑value band ₹7.76 – ₹14.19 · the ₹10.65 price screens below the ₹11.08 fair value. As of Jul 6, 2026.

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Analysis

Veeram Securities Limited (VSL) currently trades at ₹10.65, while our model-based Fair Value estimate is ₹11.08 — implying the stock looks roughly 4.0% undervalued today. We read business quality at 50/100 (solid quality), in the Consumer Cyclical 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, Veeram Securities Limited generated revenue of ₹246M at a net margin of 30.8%. Revenue declined 43.4% year over year. It earns a return on equity of 17.0%. The stock trades on a trailing P/E of 15.9. Fundamentals as of Jul 6, 2026

Our scenario range runs from ₹7.76 (bear case) to ₹14.19 (bull case); at ₹10.65, the current price sits within that range. The share trades about 18% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -37% fair-value upside — at 4%, VSL screens cheaper than that median.

Key figures & financial health

Revenue (TTM) ₹246M
Revenue growth (YoY) -43.4%
Net margin 30.8%
Return on equity 17.0%
Free cash flow −₹220M FY2026
P/E ratio 15.9
More key figures
Operating margin 37.1%
EPS (TTM) ₹0.6700
EPS growth (YoY) -7.7%

Figures from reported company fundamentals (EODHD) · as of Jul 6, 2026. TTM = trailing twelve months.

About the company

Veeram Securities Limited engages in the wholesale, retail, and trading of branded jewelry in India. It offers rings, bracelet, necklace, ear chain, earring, pendant, chain, magalsuta, zuda, toe ring, anklet, and bangle. The company was formerly known as Veeram Ornaments Limited and changed its name to Veeram Securities Limited in March 2019. The company was incorporated in 2011 and is based in Ahmedabad, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Veeram Securities Limited reported revenue of ₹246M in FY2026 versus ₹187M in FY2022, a compound +7.0%/yr. Reported net income was ₹75.8M in FY2026, compounding +17.4%/yr from FY2022.

Revenue +7.0%/yr
FY22 ₹187M
FY23 ₹187M
FY24 ₹193M
FY25 ₹265M
FY26 ₹246M
Net income +17.4%/yr
FY22 ₹39.9M
FY23 ₹17.9M
FY24 ₹24.6M
FY25 ₹34.1M
FY26 ₹75.8M

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Cite: Fair Value Calculator (2026). "Veeram Securities Limited Fair Value". https://www.fairvalue-calculator.com/stock/VSL

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Frequently asked questions

Is Veeram Securities Limited (VSL) undervalued?
As of Jul 6, 2026, our model estimates a fair value of ₹11.08 versus a price of ₹10.65 — about +4% (undervalued). Model-based estimate, not financial advice.
What is the fair value of VSL?
Our model-based fair value for Veeram Securities Limited is ₹11.08 (as of Jul 6, 2026), built from audited fundamentals. The current price is ₹10.65.
What is the quality score of VSL?
Veeram Securities Limited has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Veeram Securities Limited (VSL)?
Veeram Securities Limited reported trailing-twelve-month revenue of about ₹246M (latest available figure, as of Jul 6, 2026).
What is the net profit margin of VSL?
The net profit margin of Veeram Securities Limited is about 30.8%, meaning it keeps roughly 30.8% 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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.