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Last Updated: April 2, 2026, 4:50 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543351 | NSE: NBL

Naapbooks Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹71.11Overvalued by 16.34%vs CMP ₹85.00

P/E (14.0) × ROE (17.1%) × BV (₹36.40) × DY (2.00%)

₹75.52Overvalued by 11.15%vs CMP ₹85.00
MoS: -12.6% (Negative)Confidence: 58/100 (Moderate)Models: 2 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹121.9423%Under (+43.5%)
Graham NumberEarnings₹70.5717%Over (-17%)
Earnings PowerEarnings₹13.9911%Over (-83.5%)
DCFCash Flow₹147.5911%Under (+73.6%)
Net Asset ValueAssets₹36.377%Over (-57.2%)
EV/EBITDAEnterprise₹68.479%Over (-19.4%)
Earnings YieldEarnings₹60.807%Over (-28.5%)
ROCE CapitalReturns₹36.707%Over (-56.8%)
Revenue MultipleRevenue₹11.296%Over (-86.7%)
Consensus (9 models)₹75.52100%Overvalued
Key Drivers: EPS CAGR 71.5% lifts DCF — verify sustainability. | Wide model spread (₹11–₹148) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 71.5%

*Investments are subject to market risks

Investment Snapshot

74
Naapbooks Ltd scores 74/100 (Strong)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health87/100 · Strong
ROCE 23.6% ExcellentROE 17.1% GoodD/E 0.10 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 53.4% Stable
Earnings Quality55/100 · Moderate
OPM expanding (29% → 46%) ImprovingWorking capital: 675 days Capital intensive
Quarterly Momentum80/100 · Strong
Revenue (4Q): +221% YoY AcceleratingProfit (4Q): +547% YoY StrongOPM: 48.5% (down 3.5% YoY) Margin pressure
Industry Rank90/100 · Strong
P/E 14.0 vs industry 98.1 Cheaper than peersROCE 23.6% vs industry 14.9% Above peers3Y sales CAGR: 63% High growth

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, 4:50 am

Market Cap 91.7 Cr.
Current Price 85.0
Intrinsic Value₹75.52
High / Low 194/71.0
Stock P/E14.0
Book Value 36.4
Dividend Yield0.00 %
ROCE23.6 %
ROE17.1 %
Face Value 10.0
PEG Ratio0.20

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

View Share Price Target for Naapbooks Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Naapbooks Ltd 91.7 Cr. 85.0 194/71.014.0 36.40.00 %23.6 %17.1 % 10.0
Accelya Solutions India Ltd 1,664 Cr. 1,115 1,527/1,01214.7 1768.07 %53.6 %45.5 % 10.0
R Systems International Ltd 3,024 Cr. 255 497/22914.9 66.94.90 %22.8 %28.7 % 1.00
Dynacons Systems & Solutions Ltd 1,101 Cr. 864 1,215/78113.1 2140.06 %39.2 %37.3 % 10.0
Allied Digital Services Ltd 551 Cr. 97.5 227/86.315.0 1081.54 %10.9 %5.31 % 5.00
Industry Average17,316.11 Cr418.4898.13120.780.77%14.90%21.00%6.77

All Competitor Stocks of Naapbooks Ltd

Quarterly Result

MetricSep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025
Sales 1.381.431.144.071.985.793.788.409.73
Expenses 0.990.920.733.130.953.991.923.385.01
Operating Profit 0.390.510.410.941.031.801.865.024.72
OPM % 28.26%35.66%35.96%23.10%52.02%31.09%49.21%59.76%48.51%
Other Income -0.00-0.00-0.000.06-0.000.010.120.110.06
Interest 0.020.070.030.040.050.100.090.200.08
Depreciation 0.290.160.230.240.220.260.250.380.32
Profit before tax 0.080.280.150.720.761.451.644.554.38
Tax % 37.50%32.14%33.33%27.78%25.00%24.83%25.00%28.79%24.89%
Net Profit 0.050.180.110.520.561.091.243.253.29
EPS in Rs 0.090.320.200.880.621.211.373.033.05

Last Updated: March 3, 2026, 9:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: December 15, 2025, 3:31 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 2.052.212.252.712.805.217.7712.1818.13
Expenses 1.801.841.501.801.903.864.945.308.39
Operating Profit 0.250.370.750.910.901.352.836.889.74
OPM % 12.20%16.74%33.33%33.58%32.14%25.91%36.42%56.49%53.72%
Other Income 0.000.000.000.000.000.060.010.240.17
Interest 0.030.020.110.070.090.070.150.290.28
Depreciation 0.070.160.210.190.460.470.490.630.70
Profit before tax 0.150.190.430.650.350.872.206.208.93
Tax % 26.67%26.32%25.58%27.69%34.29%27.59%25.00%27.74%
Net Profit 0.110.140.320.470.230.631.664.486.54
EPS in Rs 1.180.411.071.844.186.08
Dividend Payout % 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)27.27%128.57%46.88%-51.06%173.91%163.49%169.88%
Change in YoY Net Profit Growth (%)0.00%101.30%-81.70%-97.94%224.98%-10.42%6.39%

Naapbooks Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:40%
3 Years:63%
TTM:57%
Compounded Profit Growth
10 Years:%
5 Years:70%
3 Years:169%
TTM:170%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:68%
1 Year:106%
Return on Equity
10 Years:%
5 Years:15%
3 Years:15%
Last Year:17%

Last Updated: September 5, 2025, 3:46 pm

Balance Sheet

Last Updated: March 3, 2026, 3:11 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.010.010.011.321.861.963.0110.7110.79
Reserves 0.110.250.570.714.395.6413.8024.9028.45
Borrowings 0.650.890.830.330.310.801.820.641.23
Other Liabilities 0.740.900.251.051.341.790.706.614.32
Total Liabilities 1.512.051.663.417.9010.1919.3342.8644.79
Fixed Assets 0.160.440.351.291.681.461.651.9424.25
CWIP -0.00-0.00-0.00-0.001.333.662.065.19-0.00
Investments -0.00-0.00-0.00-0.00-0.00-0.005.425.615.67
Other Assets 1.351.611.312.124.895.0710.2030.1214.87
Total Assets 1.512.051.663.417.9010.1919.3342.8644.79

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -0.240.400.130.83-1.832.57-3.72-9.19
Cash from Investing Activity + -0.23-0.45-0.12-1.14-2.21-2.55-4.49-4.18
Cash from Financing Activity + 0.480.08-0.040.294.050.727.4914.04
Net Cash Flow 0.010.04-0.02-0.020.010.75-0.730.67
Free Cash Flow -0.47-0.040.01-0.31-4.00-0.02-4.60-14.07
CFO/OP -96%141%27%100%-183%196%-122%-125%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-0.40-0.52-0.080.580.590.551.016.24

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 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 238.59176.72108.69161.62393.6861.65193.07172.61
Inventory Days
Days Payable
Cash Conversion Cycle 238.59176.72108.69161.62393.6861.65193.07172.61
Working Capital Days 78.3457.81137.89102.36447.12141.52377.21675.16
ROCE %21.88%42.19%38.20%9.87%12.57%17.39%23.65%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Mar 2022Sep 2022Mar 2023Apr 2023Sep 2023Mar 2024Apr 2024Sep 2024Dec 2024Mar 2025Sep 2025
Promoters 63.10%63.10%63.10%63.10%63.92%63.92%63.92%63.92%63.92%53.76%53.76%53.40%
FIIs 0.00%0.00%0.00%1.72%0.05%0.05%0.05%0.05%0.05%0.04%0.04%0.00%
Public 36.90%36.90%36.89%35.18%36.03%36.03%36.05%36.04%36.03%46.19%46.19%46.59%
No. of Shareholders 224203184198204190185186188252251254

Shareholding Pattern Chart

No. of Shareholders

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

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23
FaceValue 10.0010.0010.00
Basic EPS (Rs.) 4.705.533.38
Diluted EPS (Rs.) 4.705.533.38
Cash EPS (Rs.) 4.777.125.62
Book Value[Excl.RevalReserv]/Share (Rs.) 33.2455.9238.81
Book Value[Incl.RevalReserv]/Share (Rs.) 33.2455.9238.81
Revenue From Operations / Share (Rs.) 11.3725.8426.65
PBDIT / Share (Rs.) 6.649.467.20
PBIT / Share (Rs.) 6.067.844.78
PBT / Share (Rs.) 5.797.344.43
Net Profit / Share (Rs.) 4.185.513.20
NP After MI And SOA / Share (Rs.) 4.185.513.20
PBDIT Margin (%) 58.4136.5927.02
PBIT Margin (%) 53.2730.3417.94
PBT Margin (%) 50.8928.3916.64
Net Profit Margin (%) 36.7721.3112.02
NP After MI And SOA Margin (%) 36.7721.3112.02
Return on Networth / Equity (%) 12.589.858.25
Return on Capital Employeed (%) 18.0113.6611.74
Return On Assets (%) 10.458.576.15
Long Term Debt / Equity (X) 0.010.020.04
Total Debt / Equity (X) 0.010.100.10
Asset Turnover Ratio (%) 0.390.520.00
Current Ratio (X) 4.404.902.26
Quick Ratio (X) 4.404.902.26
Interest Coverage Ratio (X) 24.5318.7320.78
Interest Coverage Ratio (Post Tax) (X) 16.4411.9110.25
Enterprise Value (Cr.) 112.4370.9212.03
EV / Net Operating Revenue (X) 9.239.132.31
EV / EBITDA (X) 15.8024.958.54
MarketCap / Net Operating Revenue (X) 9.238.902.30
Price / BV (X) 3.164.111.58
Price / Net Operating Revenue (X) 9.238.902.30
EarningsYield 0.030.020.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Naapbooks Ltd. is a Public Limited Listed company incorporated on 21/04/2017 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L72900GJ2017PLC096975 and registration number is 096975. Currently Company is involved in the business activities of Remediation activitiesan d other waste management services. Company's Total Operating Revenue is Rs. 12.18 Cr. and Equity Capital is Rs. 10.71 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
IT Consulting & Software901, Shivarth- The Ace, Sindhu Bhavan Road, Ahmedabad Gujarat 380054Contact not found
Management
NamePosition Held
Mr. Yaman SalujaWhole Time Director
Mr. Ashish JainExecutive Director
Mr. Abhishek JainNon Executive Director
Mr. Siddharth SoniNon Executive Director
Mr. Sunit ShahIndependent Director
Mrs. Puja KaseraIndependent Director

FAQ

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

As of 15 April 2026, Naapbooks Ltd's intrinsic value is ₹75.52, which is 11.15% lower than the current market price of ₹85.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (17.1 %), book value (₹36.4), dividend yield (0.00 %), and 5-year EPS CAGR.

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

Naapbooks Ltd is trading at ₹85.00 as of 15 April 2026, with a FY2026-2027 high of ₹194 and low of ₹71.0. The stock is currently near its 52-week low. Market cap stands at ₹91.7 Cr..

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

Naapbooks Ltd has a P/E ratio of 14.0, which is below the industry average of 98.13. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Naapbooks Ltd financially healthy?

Key indicators for Naapbooks Ltd: ROCE of 23.6 % indicates efficient capital utilization; ROE of 17.1 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Naapbooks Ltd profitable and how is the profit trend?

Naapbooks Ltd reported a net profit of ₹4 Cr in Mar 2025 on revenue of ₹12 Cr. Compared to ₹0 Cr in Mar 2022, the net profit shows an improving trend.

Does Naapbooks Ltd pay dividends?

Naapbooks Ltd has a dividend yield of 0.00 % at the current price of ₹85.00. 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 Naapbooks 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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