Authum Investment & Infrastructure stock: fair value
AIIL.NSThe fair value of Authum Investment & Infrastructure under our model is $3.66, the price is 71% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $2.61 and expensive above $6.09 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $4.21 (cash-flow model) and $3.10 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 12.6%. At 13.6% the fair value would be $3.33, at 11.6% it would be $4.12.
Where the number comes from
Half from the cash-flow model, half from earnings times the industry P/E (14.2).
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 6.9%. Discounted at 12.6% (government bond yield 6.9% plus beta 0.8 times a risk premium of 7.1%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $4.21 per share: free cash flow for the next ten years, each year discounted to today at 12.6%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 12.6%) |
|---|---|---|---|---|
| 2027 | $170.19M | extrapolated at 16.7% | 0.8881 | $151.14M |
| 2028 | $193.62M | extrapolated at 13.8% | 0.7887 | $152.7M |
| 2029 | $216.32M | extrapolated at 11.7% | 0.7004 | $151.5M |
| 2030 | $238.57M | extrapolated at 10.3% | 0.6220 | $148.39M |
| 2031 | $260.71M | extrapolated at 9.3% | 0.5524 | $144.01M |
| 2032 | $283.08M | extrapolated at 8.6% | 0.4905 | $138.86M |
| 2033 | $305.97M | extrapolated at 8.1% | 0.4356 | $133.29M |
| 2034 | $329.67M | extrapolated at 7.7% | 0.3869 | $127.54M |
| 2035 | $354.4M | extrapolated at 7.5% | 0.3436 | $121.76M |
| 2036 | $380.39M | extrapolated at 7.3% | 0.3051 | $116.06M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $1.39B |
| Terminal value: cash flow 2036 × (1 + 6.9%) / (12.6% − 6.9%) | $7.18B |
| Present value of terminal value (× 0.3051) | $2.19B |
| Equity value (sum plus present value of terminal value) | $3.58B |
| Shares (diluted) | 849.20M |
| Value per share (equity value divided by shares) | $4.21 |
| Earnings per share, last twelve months | $0.22 |
| × 14.2 (industry P/E) | $3.10 |
| Fair value (average of both parts) | $3.66 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Mar 2026
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = ₹94.0836)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 9 Nov 2026, previously Neutral
- Valuation signal Overvalued since 8 Nov 2026, previously Fairly valued
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.