Techindia Nirman Ltd: Intrinsic Value & Share Price Analysis

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

Techindia Nirman Ltd is trading at 14.00 as of 26 April 2026, with a FY2026-2027 high of 18.5 and low of 13.8. The stock is currently near its 52-week low. Market cap stands at 20.1 Cr..

Q: Is Techindia Nirman Ltd financially healthy?

Key indicators: ROCE of 0.41 % is on the lower side. Dividend yield is 0.00 %.

Q: 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.

Fair Value

₹5.15Overvalued by 63.21%vs CMP ₹14.00

P/E (15.0) × ROE (5.9%) × BV (₹7.19) × DY (2.00%)

Defaults: P/E=15

₹6.06Overvalued by 56.71%vs CMP ₹14.00

MoS: -131% (Negative)Confidence: 69/100 (Moderate)Models: All 2: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹5.18	63%	Over (-63%)
Net Asset Value	Assets	₹7.52	38%	Over (-46.3%)
Consensus (2 models)		₹6.06	100%	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

Analyst Summary

Techindia Nirman Ltd operates in the Construction & Contracting segment, current market price is ₹14.00, market cap is 20.1 Cr.. At a glance, ROE is 5.85 %, ROCE is 0.41 %, book value is 7.19, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹6.06, around 56.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹0 Cr versus the prior period change of 100.0%, while latest net profit is about ₹-1 Cr with a prior-period change of -107.5%. The 52-week range shown on this page is 18.5/13.8, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisTechindia 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…

This summary is generated from the stock page data available for Techindia Nirman Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Techindia Nirman Ltd scores 38/100 (Weak)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health14/100 · Weak

ROCE 0.4% WeakROE 5.9% WeakD/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 0.4% 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.

Share Price and Basic Stock Data

Last Updated: April 26, 2026, 12:23 am

Market Cap	20.1 Cr.
Current Price	14.0
Intrinsic Value	₹7.07
High / Low	18.5/13.8
Stock P/E
Book Value	7.19
Dividend Yield	0.00 %
ROCE	0.41 %
ROE	5.85 %
Face Value	10.0
PEG Ratio	0.00

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

Stock P/E Current Price Intrinsic Value

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	18.5/13.8		7.19	0.00 %	0.41 %	5.85 %	10.0
Tarmat Ltd	135 Cr.	53.9	73.9/45.0	35.1	70.0	0.00 %	1.55 %	0.92 %	10.0
Supreme Infrastructure India Ltd	773 Cr.	79.3	133/56.5		35.5	0.00 %	%	%	10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player	1,790 Cr.	213	323/151	30.1	105	0.00 %	8.91 %	7.78 %	2.00
SKIL Infrastructure Ltd	20.8 Cr.	0.96	3.88/0.81	2.34	8.93	0.00 %	1.10 %	4.76 %	10.0
Industry Average	6,280.85 Cr	186.79		38.81	102.94	0.05%	6.51%	9.08%	7.10

All Competitor Stocks of Techindia Nirman Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Expenses	2.74	-2.61	0.10	0.08	0.05	0.11	0.40	0.05	0.05	0.06	0.08	0.03	0.05
Operating Profit	-2.74	2.61	-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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.16	0.00	0.00	0.00
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.01	0.01
Profit before tax	-2.75	2.60	-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	-2.75	2.60	-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	-1.92	1.81	-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

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.05	0.00	0.00
Expenses	0.43	0.18	0.21	0.35	0.32	0.30	0.31	0.48	0.50	0.32	0.30	0.57	0.22
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	-0.12	2.44	0.03	0.05	0.43	0.08	0.01	0.03	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.37	0.00	0.28	0.00	0.00	0.00	0.00	0.16	0.16
Depreciation	0.06	0.02	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.05
Profit before tax	-0.61	2.24	-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	-0.61	2.24	-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	-0.43	1.56	-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

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	14.33	14.33	14.33	14.33	14.33	14.33	14.33	14.33	14.33	14.33	14.33	14.33	14.33
Reserves	2.50	4.74	4.54	0.59	0.30	0.05	-0.56	-1.34	-1.87	-2.18	-2.58	-3.41	-3.53
Borrowings	10.95	9.79	11.08	11.95	49.95	52.45	54.32	56.88	58.43	72.26	80.53	70.11	70.35
Other Liabilities	0.08	0.06	0.12	0.12	0.06	0.06	0.08	0.08	0.07	0.17	0.07	4.43	2.82
Total Liabilities	27.86	28.92	30.07	26.99	64.64	66.89	68.17	69.95	70.96	84.58	92.35	85.46	83.97
Fixed Assets	26.36	26.30	26.28	22.63	22.61	22.58	22.55	22.14	22.12	22.09	22.06	22.02	22.02
CWIP	0.00	0.00	0.00	0.00	0.00	1.93	3.24	4.81	5.82	0.00	0.00	0.00	0.00
Investments	0.48	0.48	0.48	0.48	0.48	0.48	0.48	0.26	0.21	0.00	0.00	0.00	0.00
Other Assets	1.02	2.14	3.31	3.88	41.55	41.90	41.90	42.74	42.81	62.49	70.29	63.44	61.95
Total Assets	27.86	28.92	30.07	26.99	64.64	66.89	68.17	69.95	70.96	84.58	92.35	85.46	83.97

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	0.98	-1.32	-0.86	-38.07	-0.23	-0.29	-1.22	-0.54	-14.54	-12.22	13.98	-4.50
Cash from Investing Activity +	0.18	0.03	0.00	0.43	-6.23	-1.31	-1.27	-0.98	0.78	3.98	0.06	0.00
Cash from Financing Activity +	-1.16	1.29	0.86	37.63	6.46	1.60	2.55	1.55	13.83	8.27	-10.22	0.53
Net Cash Flow	0.00	0.00	0.01	-0.01	0.00	0.00	0.05	0.03	0.07	0.03	3.82	-3.97
Free Cash Flow	1.14	-1.32	-0.86	-38.07	-2.16	-1.60	-2.70	-2.56	-14.54	-12.22	13.98	-4.50
CFO/OP	-544%	629%	246%	11,897%	77%	94%	254%	100%	4,544%	3,480%	-2,453%	1,552%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 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

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 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

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 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	25,467	25,263	25,218	24,621	24,239	23,971	23,425	23,268	23,212	23,190	23,190	23,190

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

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
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.)	7.62	8.20	8.48	8.70	9.06
Book Value[Incl.RevalReserv]/Share (Rs.)	7.62	8.20	8.48	8.70	9.06
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)	6.42	6.85	5.95	4.69	4.38
Current Ratio (X)	0.13	0.07	0.24	0.73	0.75
Quick Ratio (X)	0.05	0.01	0.09	0.73	0.75
Interest Coverage Ratio (X)	-3.55	0.00	0.00	0.00	0.00
Interest Coverage Ratio (Post Tax) (X)	-4.18	0.00	0.00	0.00	0.00
Enterprise Value (Cr.)	94.89	124.06	81.84	75.70	60.64
EV / EBITDA (X)	-167.32	-358.34	-251.96	-151.55	-135.43
Price / BV (X)	2.64	3.72	0.80	1.39	0.29
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 31/03/2026.

INDUSTRY	ADDRESS	CONTACT
Construction, Contracting & Engineering	Nath House, Nath Road, Aurangabad Maharashtra 431005	Contact not found

Management
Name	Position Held
Mr. Satish Kagliwal	Managing Director
Mr. Madhukar Deshpande	Director
Mr. Hitesh Purohit	Director
Mr. Vadla Nagbhushanam	Director

FAQ

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

As of 26 April 2026, Techindia Nirman Ltd's intrinsic value is ₹6.06, which is 56.71% 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 (5.85 %), book value (₹7.19), 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 26 April 2026, with a FY2026-2027 high of ₹18.5 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 38.81. 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 0.41 % is on the lower side compared to the industry average of 6.51%; ROE of 5.85 % is below ideal levels (industry average: 9.08%). 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.