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Last Updated: April 2, 2026, 3:48 am
Author: Getaka|Social: XLinkedIn

Sandesh Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹515.61Overvalued by 40.67%vs CMP ₹869.00

P/E (5.8) × ROE (5.9%) × BV (₹1,863.00) × DY (0.58%)

₹1,412.10Undervalued by 62.50%vs CMP ₹869.00
MoS: +38.5% (Strong)Confidence: 53/100 (Moderate)Models: 6 Under, 1 Fair, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹538.6723%Over (-38%)
Graham NumberEarnings₹2,484.4216%Under (+185.9%)
Earnings PowerEarnings₹1,236.2911%Under (+42.3%)
DCFCash Flow₹1,943.5314%Under (+123.7%)
Net Asset ValueAssets₹1,863.467%Under (+114.4%)
EV/EBITDAEnterprise₹802.979%Fair (-7.6%)
Earnings YieldEarnings₹1,472.507%Under (+69.4%)
ROCE CapitalReturns₹2,015.657%Under (+132%)
Revenue MultipleRevenue₹385.645%Over (-55.6%)
Consensus (9 models)₹1,412.10100%Undervalued
Key Drivers: Wide model spread (₹386–₹2,484) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.5%

*Investments are subject to market risks

Investment Snapshot

53
Sandesh Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health58/100 · Moderate
ROCE 7.6% WeakROE 5.9% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 74.8% Stable
Earnings Quality50/100 · Moderate
OPM stable around 25% Steady
Quarterly Momentum50/100 · Moderate
Revenue (4Q): 0% YoY FlatProfit (4Q): -20% YoY DecliningOPM: 27.0% (up 79.0% YoY) Margin expansion
Industry Rank55/100 · Moderate
P/E 5.8 vs industry 22.2 Cheaper than peersROCE 7.6% vs industry 9.4% Average3Y sales CAGR: -2% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:48 am

Market Cap 658 Cr.
Current Price 869
Intrinsic Value₹1,412.10
High / Low 1,500/811
Stock P/E5.82
Book Value 1,863
Dividend Yield0.58 %
ROCE7.57 %
ROE5.91 %
Face Value 10.0
PEG Ratio1.30

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Sandesh Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Sandesh Ltd 658 Cr. 869 1,500/8115.82 1,8630.58 %7.57 %5.91 % 10.0
Kokuyo Camlin Ltd 742 Cr. 74.0 138/70.028.2 32.10.00 %3.65 %1.95 % 1.00
Linc Ltd 561 Cr. 94.2 161/85.014.9 40.71.59 %22.4 %17.6 % 5.00
Repro India Ltd 498 Cr. 347 627/307 2510.00 %1.56 %0.51 % 10.0
H T Media Ltd 482 Cr. 20.7 28.6/14.511.0 71.00.00 %2.51 %0.03 % 2.00
Industry Average2,188.25 Cr348.7922.17208.401.31%9.39%9.68%6.27

All Competitor Stocks of Sandesh Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 99777272918668707975737777
Expenses 657056576560535412063547256
Operating Profit 348161526261616-411218520
OPM % 34%10%23%20%28%30%23%22%-52%17%25%7%27%
Other Income 1282921496650473455430
Interest 0000000000000
Depreciation 1222222222222
Profit before tax 4514443473906461-401472849
Tax % 26%17%24%23%21%20%21%38%-48%30%19%44%20%
Net Profit 3311332658725038-211058439
EPS in Rs 43.7714.9443.7734.2776.2395.0166.7050.32-27.6112.9277.075.6751.59

Last Updated: March 3, 2026, 2:14 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 4:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 313345374354375417341272307339320292302
Expenses 230248246248257330271197231244238223246
Operating Profit 83971281061188770757696826957
OPM % 26%28%34%30%31%21%20%28%25%28%26%24%19%
Other Income 114141420124948441663893
Interest 8421000000000
Depreciation 8888998766677
Profit before tax 6886123111123977411611813424199142
Tax % 33%34%35%36%35%35%21%23%24%24%22%22%
Net Profit 46578071806358899010218977111
EPS in Rs 60.5275.36105.2493.65105.3283.3877.10117.99118.32134.78249.28102.33147.25
Dividend Payout % 7%5%5%5%5%6%6%4%4%4%2%5%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)23.91%40.35%-11.25%12.68%-21.25%-7.94%53.45%1.12%13.33%85.29%-59.26%
Change in YoY Net Profit Growth (%)0.00%16.44%-51.60%23.93%-33.93%13.31%61.38%-52.32%12.21%71.96%-144.55%

Sandesh Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:-3%
3 Years:-2%
TTM:-6%
Compounded Profit Growth
10 Years:3%
5 Years:6%
3 Years:1%
TTM:-59%
Stock Price CAGR
10 Years:7%
5 Years:18%
3 Years:16%
1 Year:-29%
Return on Equity
10 Years:10%
5 Years:10%
3 Years:11%
Last Year:6%

Last Updated: September 5, 2025, 1:46 pm

Balance Sheet

Last Updated: December 4, 2025, 2:06 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8888888888888
Reserves 3934475635826577167708779391,0441,2501,3421,403
Borrowings 5610142000000000
Other Liabilities 908411895876955756362878889
Total Liabilities 5475497026867527938329601,0101,1131,3451,4381,499
Fixed Assets 687173126138132128120110111110106108
CWIP 01011000000100
Investments 1591713932853874974195085086629741,1331,201
Other Assets 319307236264227163285331392339260198190
Total Assets 5475497026867527938329601,0101,1131,3451,4381,499

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 285597968048-9048228415468
Cash from Investing Activity + -2-22-39-31-112-10286-4033-106-131-109
Cash from Financing Activity + -15-50-4-17-6-5-5-4-4-4-4-2
Net Cash Flow 11-175549-38-58-10451-2620-43
Free Cash Flow 264488787144-9151258415065
CFO/OP 62%85%109%129%103%91%-94%96%68%115%216%127%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow27.0087.00114.00104.00118.0087.0070.0075.0076.0096.0082.0069.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 606062686964726850435457
Inventory Days 871586812812848661251324761109
Days Payable 361837375024188727273347
Cash Conversion Cycle 11120092158146891201061556483119
Working Capital Days 3810024855582171381459812184
ROCE %17%19%24%19%20%14%10%14%11%13%21%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%74.81%
FIIs 0.00%0.00%0.00%0.00%0.01%0.05%0.16%0.15%0.14%0.10%0.09%0.09%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%
Public 25.18%25.20%25.19%25.19%25.17%25.14%25.02%25.04%25.04%25.07%25.07%25.08%
No. of Shareholders 6,1355,9665,9345,6296,4436,3436,9517,2867,5487,3727,4047,177

Shareholding Pattern Chart

No. of Shareholders

Sandesh Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 101.89249.14133.98118.67118.88
Diluted EPS (Rs.) 101.89249.14133.98118.67118.88
Cash EPS (Rs.) 111.56257.90141.74127.16128.04
Book Value[Excl.RevalReserv]/Share (Rs.) 1787.591667.031393.791256.041173.81
Book Value[Incl.RevalReserv]/Share (Rs.) 1787.591667.031393.791256.041173.81
Revenue From Operations / Share (Rs.) 388.65425.51450.18408.01361.61
PBDIT / Share (Rs.) 139.69327.03181.79161.81162.63
PBIT / Share (Rs.) 130.02318.27174.03153.32153.47
PBT / Share (Rs.) 130.38318.10176.42156.10154.88
Net Profit / Share (Rs.) 101.89249.14133.98118.67118.88
NP After MI And SOA / Share (Rs.) 101.89249.14133.98118.67118.88
PBDIT Margin (%) 35.9476.8540.3839.6544.97
PBIT Margin (%) 33.4574.7938.6537.5742.44
PBT Margin (%) 33.5474.7539.1838.2542.83
Net Profit Margin (%) 26.2158.5529.7629.0832.87
NP After MI And SOA Margin (%) 26.2158.5529.7629.0832.87
Return on Networth / Equity (%) 5.6914.949.619.4410.12
Return on Capital Employeed (%) 7.0718.5512.3912.1612.98
Return On Assets (%) 5.3413.979.078.859.33
Asset Turnover Ratio (%) 0.210.260.310.310.30
Current Ratio (X) 19.3817.5810.617.966.86
Quick Ratio (X) 18.8117.2210.287.256.40
Inventory Turnover Ratio (X) 12.476.084.312.332.52
Dividend Payout Ratio (NP) (%) 2.452.003.734.215.07
Dividend Payout Ratio (CP) (%) 2.241.933.523.934.70
Earning Retention Ratio (%) 97.5598.0096.2795.7994.93
Cash Earning Retention Ratio (%) 97.7698.0796.4896.0795.30
Interest Coverage Ratio (X) 519.33964.33919.84611.79267.04
Interest Coverage Ratio (Post Tax) (X) 377.46735.16665.81438.18192.88
Enterprise Value (Cr.) 790.63823.08677.64423.85469.39
EV / Net Operating Revenue (X) 2.692.561.991.371.71
EV / EBITDA (X) 7.483.324.923.463.81
MarketCap / Net Operating Revenue (X) 2.802.762.141.601.78
Retention Ratios (%) 97.5497.9996.2695.7894.92
Price / BV (X) 0.600.700.680.510.54
Price / Net Operating Revenue (X) 2.802.762.141.601.78
EarningsYield 0.090.210.130.180.18

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Sandesh Ltd. is a Public Limited Listed company incorporated on 11/03/1943 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L22121GJ1943PLC000183 and registration number is 000183. Currently Company is involved in the business activities of Publishing of newspapers. Company's Total Operating Revenue is Rs. 292.34 Cr. and Equity Capital is Rs. 7.57 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Printing/Publishing/StationerySandesh Bhavan Lad Society Road, Ahmedabad Gujarat 380054Contact not found
Management
NamePosition Held
Mr. Falgunbhai C PatelChairman & Managing Director
Mr. Parthiv F PatelManaging Director
Mr. Rahoul R ShahWhole Time Director
Mrs. Pannaben F PatelNon Executive Director
Dr. Gauri TrivediIndependent Director
Mr. Sudhinbhai ChokseyIndependent Director
Mr. Bijalbhai ChhatrapatiIndependent Director
Mr. Keyurbhai GandhiIndependent Director

FAQ

What is the intrinsic value of Sandesh Ltd and is it undervalued?

As of 18 April 2026, Sandesh Ltd's intrinsic value is ₹1412.10, which is 62.50% higher than the current market price of ₹869.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (5.91 %), book value (₹1,863), dividend yield (0.58 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Sandesh Ltd?

Sandesh Ltd is trading at ₹869.00 as of 18 April 2026, with a FY2026-2027 high of ₹1,500 and low of ₹811. The stock is currently near its 52-week low. Market cap stands at ₹658 Cr..

How does Sandesh Ltd's P/E ratio compare to its industry?

Sandesh Ltd has a P/E ratio of 5.82, which is below the industry average of 22.17. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Sandesh Ltd financially healthy?

Key indicators for Sandesh Ltd: ROCE of 7.57 % is on the lower side compared to the industry average of 9.39%; ROE of 5.91 % is below ideal levels (industry average: 9.68%). Dividend yield is 0.58 %.

Is Sandesh Ltd profitable and how is the profit trend?

Sandesh Ltd reported a net profit of ₹77 Cr in Mar 2025 on revenue of ₹292 Cr. Compared to ₹90 Cr in Mar 2022, the net profit shows a declining trend.

Does Sandesh Ltd pay dividends?

Sandesh Ltd has a dividend yield of 0.58 % at the current price of ₹869.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Sandesh Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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