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Twentyfirst Century Management Services Limited (21STCENMGM) Fair Value & Analysis

Financial Services · IN · Market cap ₹423M

TC Twentyfirst Century Management Services Limited 21STCENMGM · BSE
Price₹40.26
Fair Value₹11.54
Upside-71.3%
Quality47/100
Mixed Growth
Thin margins · 0.0% net margin
negative free cash flow
Narrow moat 39/100
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Evidence: Low Range ₹7.62 – ₹14.43 Share as image

Fair value as of: Aug 2, 2026

From 3 valuation models · updated today

Share price +24.5% over the past month.

Below-average quality, and the price sits another 71% above our fair value.

What matters now

  • The price sits above even our optimistic bull case (₹14.43). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹7.62 to ₹14.43) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹136.90 ₹11.49 Fair Value ₹11.54 Feb 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹11.49 – ₹136.90 · fair‑value band ₹7.62 – ₹14.43 · the ₹40.26 price screens above the ₹11.54 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Twentyfirst Century Management Services Limited (21STCENMGM) currently trades at ₹40.26, while our model-based Fair Value estimate is ₹11.54, implying the stock looks roughly 71.3% overvalued today. We read business quality at 47/100 (below-average quality), in the Financial Services 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: low).

It earns a return on equity of -57.2%. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹7.62 (bear case) to ₹14.43 (bull case); at ₹40.26, the current price sits above that range. The share trades about 32% below its 52-week high and 41% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 16% fair-value upside, at -71%, 21STCENMGM 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 BearBaseBull Evidence
Highest evidence
Gordon GGM ₹23.38 ₹25.20 ₹27.91 70
DDM Multi-Stage ₹23.38 ₹27.83 ₹33.57 61
NCAV (Graham) ₹15.74 ₹21.09 ₹31.48 50
All 3 models by family
Dividend Discount
Gordon GGM ₹23.38 ₹25.20 ₹27.91 70
DDM Multi-Stage ₹23.38 ₹27.83 ₹33.57 61
Asset-Based
NCAV (Graham) ₹15.74 ₹21.09 ₹31.48 50

Widest divergence: Dividend Discount (₹25.20) versus Asset-Based (₹21.09). Highest evidence: Gordon GGM (70).

Key figures & financial health

Revenue (TTM) −₹169M
Revenue growth (YoY) -96.9%
Return on equity -57.2%
Free cash flow −₹23.7M FY2026
Operating margin 133%
EPS (TTM) ₹-22.90
More key figures
EPS growth (YoY) -90.6%

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 51 · Market factors (momentum, volatility) 45

Profitability 20
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 19
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

Twentyfirst Century Management Services Limited engages in investments in instruments in India. It trades in shares and securities in the capital, and futures and options markets. The company was incorporated in 1986 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Twentyfirst Century Management Services Limited reported revenue of −₹197M in FY2026 versus ₹99.7M in FY2022. Reported net income was −₹240M in FY2026.

Growth Quality 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹163M
Latest YoY
−53.3%
Avg. growth/yr (3Y)
+17.8%
Revenue
FY22 ₹99.7M
FY23 −₹135M
FY24 ₹350M
FY25 ₹163M
FY26 −₹197M
Net income
FY22 ₹147M
FY23 −₹181M
FY24 ₹322M
FY25 ₹123M
FY26 −₹240M

21STCENMGM sits 71% above fair value. Compare with Mirae Asset Securities Co →

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Cite: Fair Value Calculator (2026). "Twentyfirst Century Management Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/21STCENMGM

Peer Group

Capital Markets · 448 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −71% · Bottom 25%
Return on assets -31% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 133% · Top 25%
Revenue growth -97% · Bottom 25%

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 Capital Markets stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Mirae Asset Securities Co 006800 38,750 KRW 31,645 KRW -18%
Meritz Financial Group 138040 117,000 KRW 87,706 KRW -25%
Korea Investment Holdings 071050 239,000 KRW 318,825 KRW +33%
NH Investment & Securities Co 005940 31,000 KRW 37,133 KRW +20%
Samsung Securities Co 016360 107,700 KRW 126,487 KRW +17%
Motilal Oswal Financial Services Limited MOTILALOFS ₹967.00 ₹299.65 -69%
Kiwoom Securities Co 039490 322,000 KRW 358,091 KRW +11%
SSI Securities Corporation SSI 24,250 VND 28,021 VND +16%
Bolsas y Mercados Argentinos S.A BYMA 313.75 ARS 120.22 ARS -62%
Daishin Securities Co 003540 26,200 KRW 46,660 KRW +78%

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Frequently asked questions

Is Twentyfirst Century Management Services Limited (21STCENMGM) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹11.54 versus a price of ₹40.26, about −71% (overvalued).
What is the fair value of 21STCENMGM?
Our model-based fair value for Twentyfirst Century Management Services Limited is ₹11.54 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹40.26.
What is the quality score of 21STCENMGM?
Twentyfirst Century Management Services Limited has a Quality Score of 47/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the net profit margin of 21STCENMGM?
The net profit margin of Twentyfirst Century Management Services Limited is about 0.0%, meaning it keeps roughly 0.0% 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.

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