EN DE

Veer Energy & Infrastructure Limited (503657) Fair Value & Analysis

Utilities · IN · Market cap ₹78.6M

VE Veer Energy & Infrastructure Limited 503657 · BSE
Price₹12.66
Fair Value₹3.02
Upside-76.2%
Quality42/100
Watch Veer Energy & Infrastructure Limited for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Highly profitable · 21.8% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Narrow moat 29/100
Evidence: Medium Range ₹2.26 – ₹3.77 Share as image

Fair value as of: Aug 13, 2026

From 10 valuation models · updated yesterday

Share price +1.6% over the past month.

Below-average quality, and screening another 76% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹3.77). The favourable scenario is already priced in.
  • Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹32.40 ₹5.93 Fair Value ₹3.02 Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹5.93 – ₹32.40 · fair‑value band ₹2.26 – ₹3.77 · the ₹12.66 price screens above the ₹3.02 fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Veer Energy & Infrastructure Limited (503657) currently trades at ₹12.66, while our model-based Fair Value estimate is ₹3.02, implying the stock looks roughly 76.2% overvalued today. The Quality Score stands at 42/100 (below-average quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Veer Energy & Infrastructure Limited generated revenue of ₹61.7M at a net margin of 21.8%. Revenue declined 42.1% year over year. It earns a return on equity of 2.2%. The stock trades on a trailing P/E of 6.4 (as of Jul 4, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹2.26 (bear case) to ₹3.77 (bull case); at ₹12.66, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high and 39% above its 52-week low, currently below its 200-day average. For context, the median of 10 Utilities peers we cover trades at 5% fair-value upside, at -76%, 503657 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹34.63 ₹31.19 ₹17.90 76
Gordon GGM ₹3.25 ₹3.47 ₹3.80 70
Growth-Adj P/E ₹1.70 ₹2.43 ₹3.16 68
All 10 models by family
DCF Models
Owner Earnings ₹5.22 ₹6.33 ₹8.12 31
Earnings-Based
Graham-Dodd ₹1.21 ₹1.47 ₹1.66 54
Dividend Discount
Gordon GGM ₹3.25 ₹3.47 ₹3.80 70
DDM Multi-Stage ₹3.25 ₹3.76 ₹4.40 61
Multiples
P/E Multiple ₹2.40 ₹3.19 ₹3.99 63
P/S Multiple ₹2.26 ₹3.02 ₹3.77 58
P/B Multiple ₹2.26 ₹3.02 ₹3.77 55
Asset-Based
NCAV (Graham) ₹28.59 ₹38.31 ₹57.17 50
Economic Profit
Residual Income ₹34.63 ₹31.19 ₹17.90 76
Growth Earnings
Growth-Adj P/E ₹1.70 ₹2.43 ₹3.16 68

Widest divergence: Asset-Based (₹38.31) versus Earnings-Based (₹1.47). Highest evidence: Residual Income (76).

Notify me when 503657 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹61.7M
Revenue growth (YoY) -42.1%
Net margin 21.8%
Return on equity 2.2%
Free cash flow −₹20.2M FY2026
P/E ratio 6.4 as of Jul 4, 2026
More key figures
Operating margin -3.6%
EPS (TTM) ₹1.16
EPS growth (YoY) +87.5%

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 42/100

Of which business quality 39 · Market factors (momentum, volatility) 31

Profitability 13
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Veer Energy & Infrastructure Limited develops, constructs, and operates renewable energy projects in India. The company offers wind power infrastructure development services, including wind resource assessment, land sourcing, micrositing, civil infrastructure, electrical infrastructure, and installation and commissioning services; and generates wind power, …

Full company description

Veer Energy & Infrastructure Limited develops, constructs, and operates renewable energy projects in India. The company offers wind power infrastructure development services, including wind resource assessment, land sourcing, micrositing, civil infrastructure, electrical infrastructure, and installation and commissioning services; and generates wind power, as well as provides operations and maintenance services for evacuation facilities. It also offers off grid solar installation of solar power plants and rooftop solutions; and engineering, procurement, and construction services for customers to build solar power plants. Veer Energy & Infrastructure Limited was incorporated in 1980 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Veer Energy & Infrastructure Limited reported revenue of ₹45.5M in FY2026 versus ₹52.2M in FY2022, a compound −3.4%/yr. Reported net income was ₹2.0M in FY2026, compounding −29.6%/yr from FY2022.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹45.5M
Latest YoY
−55.9%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−10.9%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−9.7%
Avg. growth/yr (12Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−20.0%
Revenue −3.4%/yr
FY22 ₹52.2M
FY23 ₹64.3M
FY24 ₹86.2M
FY25 ₹103M
FY26 ₹45.5M
Net income −29.6%/yr
FY22 ₹8.0M
FY23 ₹534K
FY24 ₹3.3M
FY25 ₹1.8M
FY26 ₹2.0M

503657 screens 76% overvalued. Compare with SOJE →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Veer Energy & Infrastructure Limited Fair Value". https://www.fairvalue-calculator.com/stock/503657

Peer Group

Utilities · 675 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Electric Utilities” was too small, so the broader sector is used.)

Quality Score 42 · Below median
Fair Value upside −76% · Bottom 25%
Return on equity (TTM) 2% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) 22% · Top 25%
Operating margin (TTM) -4% · Bottom 25%
Revenue growth -42% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Utilities median · lower = cheaper

P/E (TTM) 6.4× · Cheaper than 75% of peers
P/B 0.12× · Cheaper than 75% of peers
P/S (TTM) 1.28× · Cheaper than median
EV/EBITDA 8.9× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 13
FUTURE 0 · sector 2
PAST 9 · sector 31
HEALTH 100 · sector 66
DIVIDEND 0 · sector 58

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Electric Utilities stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
SOJE SOJE $16.24 $16.36 +1%
The Southern Company SOJC $19.98 $53.59 +168%
Entergy Mississippi, Inc EMP $19.80 $22.71 +15%
National Grid plc NGG 61,175 ARS 44,886 ARS -27%
E.ON SE EON 6,934 HUF 8,734 HUF +26%
RWE Aktiengesellschaft generates and RWE 1,316 CZK 1,379 CZK +5%
Adani Power Limited ADANIPOWER ₹206.10 ₹75.57 -63%
NTPC Limited NTPC ₹339.45 ₹375.02 +10%
Gulf Development Public Company GULF 65.00 THB 39.25 THB -40%
Power Grid Corporation POWERGRID ₹269.45 ₹252.77 -6%

Compare Veer Energy & Infrastructure Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Utilities stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Veer Energy & Infrastructure Limited (503657) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹3.02 versus a price of ₹12.66, about −76% (overvalued).
What is the fair value of 503657?
Our model-based fair value for Veer Energy & Infrastructure Limited is ₹3.02 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹12.66.
What is the quality score of 503657?
Veer Energy & Infrastructure Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Veer Energy & Infrastructure Limited (503657)?
Veer Energy & Infrastructure Limited reported trailing-twelve-month revenue of about ₹61.7M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 503657?
The net profit margin of Veer Energy & Infrastructure Limited is about 21.8%, meaning it keeps roughly 21.8% 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.

14 days Pro free · no card

Track Veer Energy & Infrastructure Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.