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Last Updated: April 1, 2026, 4:17 am
Author: Getaka|Social: XLinkedIn

Techindia Nirman Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹6.76Overvalued by 51.71%vs CMP ₹14.00

P/E (15.0) × ROE (7.3%) × BV (₹7.54) × DY (2.00%)

Defaults: P/E=15

₹7.07Overvalued by 49.50%vs CMP ₹14.00
MoS: -98% (Negative)Confidence: 77/100 (High)Models: All 2: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹6.8063%Over (-51.4%)
Net Asset ValueAssets₹7.5238%Over (-46.3%)
Consensus (2 models)₹7.07100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 0.6% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

39
Techindia Nirman Ltd scores 39/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health17/100 · Weak
ROCE 0.7% WeakROE 7.3% AverageD/E 4.38 High debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 17.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 0% Steady
Quarterly Momentum50/100 · Moderate
Industry Rank40/100 · Moderate
ROCE 0.7% vs industry 6.5% Below peers

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.

Techindia Nirman Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
40/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 32.2 | ROCE 0.7% | ROE 7.3% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 4.38x | IntCov 0.0x | Current 0.75x | Borrow/Reserve N/A
Cash Flow Reliability
71/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-1 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII 0.00 pp | DII 0.00 pp | Prom 0.00 pp
Business Momentum
0
Watch closely
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales N/A | Q NP -20.0% | Q OPM 0.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-49.5%((Fair Value - CMP) / CMP) × 100
Borrowings / ReservesN/ALatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change0.00 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change0Latest shareholder count minus previous count
Quarterly Sales ChangeN/ALatest quarter sales vs previous quarter sales
Quarterly Profit Change-20.0%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change0.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 1, 2026, 4:17 am

Market Cap 20.1 Cr.
Current Price 14.0
Intrinsic Value₹7.07
High / Low 20.4/13.8
Stock P/E
Book Value 7.54
Dividend Yield0.00 %
ROCE0.70 %
ROE7.32 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Techindia Nirman Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Techindia Nirman Ltd 20.1 Cr. 14.0 20.4/13.8 7.540.00 %0.70 %7.32 % 10.0
Tarmat Ltd 133 Cr. 52.9 73.9/45.034.4 70.00.00 %1.55 %0.92 % 10.0
Supreme Infrastructure India Ltd 589 Cr. 60.9 133/56.5 35.50.00 %%% 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,335 Cr. 169 323/15122.4 1050.00 %8.91 %7.78 % 2.00
SKIL Infrastructure Ltd 19.3 Cr. 0.89 4.15/0.892.17 8.930.00 %1.10 %4.76 % 10.0
Industry Average5,206.31 Cr157.2632.18102.960.06%6.53%9.16%7.10

All Competitor Stocks of Techindia Nirman Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Expenses 2.74-2.610.100.080.050.110.400.050.050.060.080.030.05
Operating Profit -2.742.61-0.10-0.08-0.05-0.11-0.40-0.05-0.05-0.06-0.08-0.03-0.05
OPM %
Other Income 0.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest 0.000.000.000.000.000.000.000.000.000.160.000.000.00
Depreciation 0.010.010.010.010.010.010.010.010.010.020.010.010.01
Profit before tax -2.752.60-0.11-0.09-0.06-0.12-0.41-0.06-0.06-0.24-0.09-0.04-0.06
Tax % 0.00%0.00%0.00%0.00%0.00%16.67%0.00%0.00%0.00%25.00%0.00%0.00%0.00%
Net Profit -2.752.60-0.11-0.09-0.06-0.14-0.41-0.06-0.06-0.30-0.09-0.05-0.06
EPS in Rs -1.921.81-0.08-0.06-0.04-0.10-0.29-0.04-0.04-0.21-0.06-0.03-0.04

Last Updated: March 3, 2026, 2:20 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 4:32 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 0.000.000.000.000.000.000.000.000.000.00-0.050.000.00
Expenses 0.430.180.210.350.320.300.310.480.500.320.300.570.22
Operating Profit -0.43-0.18-0.21-0.35-0.32-0.30-0.31-0.48-0.50-0.32-0.35-0.57-0.22
OPM %
Other Income -0.122.440.030.050.430.080.010.030.000.000.000.000.00
Interest 0.000.000.000.000.370.000.280.000.000.000.000.160.16
Depreciation 0.060.020.030.030.030.030.030.030.030.030.030.040.05
Profit before tax -0.612.24-0.21-0.33-0.29-0.25-0.61-0.48-0.53-0.35-0.38-0.77-0.43
Tax % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%5.26%7.79%
Net Profit -0.612.24-0.20-0.33-0.29-0.25-0.60-0.47-0.53-0.35-0.40-0.83-0.50
EPS in Rs -0.431.56-0.14-0.23-0.20-0.17-0.42-0.33-0.37-0.24-0.28-0.58-0.34
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)467.21%-108.93%-65.00%12.12%13.79%-140.00%21.67%-12.77%33.96%-14.29%-107.50%
Change in YoY Net Profit Growth (%)0.00%-576.14%43.93%77.12%1.67%-153.79%161.67%-34.43%46.73%-48.25%-93.21%

Techindia Nirman 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:%
5 Years:%
3 Years:%
TTM:-100%
Compounded Profit Growth
10 Years:%
5 Years:-9%
3 Years:-24%
TTM:27%
Stock Price CAGR
10 Years:15%
5 Years:36%
3 Years:5%
1 Year:-64%
Return on Equity
10 Years:-3%
5 Years:-4%
3 Years:-4%
Last Year:-7%

Last Updated: September 5, 2025, 1:41 pm

Balance Sheet

Last Updated: December 4, 2025, 2:05 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 14.3314.3314.3314.3314.3314.3314.3314.3314.3314.3314.3314.3314.33
Reserves 2.504.744.540.590.300.05-0.56-1.34-1.87-2.18-2.58-3.41-3.53
Borrowings 10.959.7911.0811.9549.9552.4554.3256.8858.4372.2680.5370.1170.35
Other Liabilities 0.080.060.120.120.060.060.080.080.070.170.074.432.82
Total Liabilities 27.8628.9230.0726.9964.6466.8968.1769.9570.9684.5892.3585.4683.97
Fixed Assets 26.3626.3026.2822.6322.6122.5822.5522.1422.1222.0922.0622.0222.02
CWIP 0.000.000.000.000.001.933.244.815.820.000.000.000.00
Investments 0.480.480.480.480.480.480.480.260.210.000.000.000.00
Other Assets 1.022.143.313.8841.5541.9041.9042.7442.8162.4970.2963.4461.95
Total Assets 27.8628.9230.0726.9964.6466.8968.1769.9570.9684.5892.3585.4683.97

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -6.080.98-1.32-0.86-38.07-0.23-0.29-1.22-0.54-14.54-12.2213.98
Cash from Investing Activity + 0.000.180.030.000.43-6.23-1.31-1.27-0.980.783.980.06
Cash from Financing Activity + 6.08-1.161.290.8637.636.461.602.551.5513.838.27-10.22
Net Cash Flow 0.000.000.000.01-0.010.000.000.050.030.070.033.82
Free Cash Flow -6.081.14-1.32-0.86-38.07-2.16-1.60-2.70-2.56-14.54-12.2213.98
CFO/OP 1,414%-544%629%246%11,897%77%94%254%100%4,544%3,480%-2,453%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-11.38-9.97-11.29-12.30-50.27-52.75-54.63-57.36-58.93-72.58-80.88-70.68

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 0.00
Inventory Days -42,997.00
Days Payable
Cash Conversion Cycle -42,997.00
Working Capital Days -542,974.00
ROCE %-1.92%-0.56%-0.71%-1.16%0.17%-0.38%-0.49%-0.70%-0.75%-0.45%-0.43%-0.70%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 18.42%18.42%18.42%18.42%18.42%18.42%18.04%17.52%17.52%17.52%17.52%17.52%
FIIs 0.01%0.01%0.01%0.01%0.01%0.01%0.00%0.01%0.01%0.00%0.00%0.00%
DIIs 0.03%0.03%0.03%0.03%0.03%0.03%0.04%0.03%0.03%0.04%0.04%0.04%
Public 81.56%81.54%81.54%81.54%81.53%81.53%81.93%82.44%82.44%82.44%82.44%82.44%
No. of Shareholders 25,46725,26325,21824,62124,23923,97123,42523,26823,21223,19023,19023,190

Shareholding Pattern Chart

No. of Shareholders

Techindia Nirman 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.) -0.58-0.28-0.22-0.37-0.33
Diluted EPS (Rs.) -0.58-0.28-0.22-0.37-0.33
Cash EPS (Rs.) -0.54-0.25-0.22-0.34-0.31
Book Value[Excl.RevalReserv]/Share (Rs.) 7.628.208.488.709.06
Book Value[Incl.RevalReserv]/Share (Rs.) 7.628.208.488.709.06
PBDIT / Share (Rs.) -0.39-0.24-0.22-0.34-0.31
PBIT / Share (Rs.) -0.42-0.26-0.24-0.36-0.33
PBT / Share (Rs.) -0.53-0.26-0.24-0.36-0.33
Net Profit / Share (Rs.) -0.57-0.27-0.24-0.36-0.33
Return on Networth / Equity (%) -7.57-3.37-2.88-4.21-3.64
Return on Capital Employeed (%) -5.58-3.16-2.88-4.20-3.63
Return On Assets (%) -0.96-0.42-0.41-0.74-0.67
Total Debt / Equity (X) 6.426.855.954.694.38
Current Ratio (X) 0.130.070.240.730.75
Quick Ratio (X) 0.050.010.090.730.75
Interest Coverage Ratio (X) -3.550.000.000.000.00
Interest Coverage Ratio (Post Tax) (X) -4.180.000.000.000.00
Enterprise Value (Cr.) 94.89124.0681.8475.7060.64
EV / EBITDA (X) -167.32-358.34-251.96-151.55-135.43
Price / BV (X) 2.643.720.801.390.29
EarningsYield -0.02-0.01-0.03-0.03-0.12

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Techindia Nirman Ltd. is a Public Limited Listed company incorporated on 30/10/1980 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L45200MH1980PLC023364 and registration number is 023364. Currently company belongs to the Industry of Construction, Contracting & Engineering. Company's Total Operating Revenue is Rs. 0.00 Cr. and Equity Capital is Rs. 14.33 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Construction, Contracting & EngineeringNath House, Nath Road, Chh. Sambhajinagar, Aurangabad Maharashtra 431005Contact not found
Management
NamePosition Held
Mr. Satish KagliwalManaging Director
Mr. Madhukar DeshpandeDirector
Mr. Hitesh PurohitDirector
Ms. Jeevanlata KagliwalDirector
Mr. Vadla NagbhushanamDirector

FAQ

What is the intrinsic value of Techindia Nirman Ltd and is it undervalued?

As of 05 April 2026, Techindia Nirman Ltd's intrinsic value is ₹7.07, which is 49.50% lower than the current market price of ₹14.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (7.32 %), book value (₹7.54), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Techindia Nirman Ltd is trading at ₹14.00 as of 05 April 2026, with a FY2026-2027 high of ₹20.4 and low of ₹13.8. The stock is currently near its 52-week low. Market cap stands at ₹20.1 Cr..

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

Techindia Nirman Ltd has a P/E ratio of , which is below the industry average of 32.18. This is broadly in line with or below the industry average.

Is Techindia Nirman Ltd financially healthy?

Key indicators for Techindia Nirman Ltd: ROCE of 0.70 % is on the lower side compared to the industry average of 6.53%; ROE of 7.32 % is below ideal levels (industry average: 9.16%). Dividend yield is 0.00 %.

Is Techindia Nirman Ltd profitable and how is the profit trend?

Techindia Nirman Ltd reported a net profit of ₹-1 Cr in Mar 2025. Compared to ₹-1 Cr in Mar 2022, the net profit shows a mixed trend.

Does Techindia Nirman Ltd pay dividends?

Techindia Nirman Ltd has a dividend yield of 0.00 % at the current price of ₹14.00. The company is currently not paying meaningful dividends.

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 Techindia Nirman 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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