Morarka Finance Limited (511549) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Morarka Finance Limited ₹125, price ₹61.58, upside +102.5%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹37.98 – ₹173.23 · fair‑value band ₹25.64 – ₹124.70 · the ₹61.58 price screens below the ₹124.70 fair value. Dashed = 300-day average. As of Sep 27, 2026.
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Morarka Finance Limited operates as a non-banking finance company in India. It is involved in the activities related to the portfolio management, which include investment in securities, provision of corporate advisory services, and advancing of loans.
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Morarka Finance Limited operates as a non-banking finance company in India. It is involved in the activities related to the portfolio management, which include investment in securities, provision of corporate advisory services, and advancing of loans. The company was formerly known as Morarka Holdings Limited and changed its name to Morarka Finance Limited in May 1993. Morarka Finance Limited was founded in 1985 and is based in Mumbai, India.
Stock analysis
Morarka Finance Limited (511549) currently trades at ₹61.58, while our model-based Fair Value estimate is ₹124.70, implying the stock looks roughly 50.6% undervalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹172.36 per share, and 4 of the 8 models we run sit above the ₹61.58 price.
Bear case: the Dividend Discount group reads lowest at ₹15.12, and 4 of the 8 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹25.64 (bear) to ₹124.70 (bull), the price of ₹61.58 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Financial sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Morarka Finance Limited reported revenue of ₹19.1M in FY2026 versus ₹43.3M in FY2022, a compound −18.5%/yr. Reported net income was ₹14.3M in FY2026, compounding −21.1%/yr from FY2022.
Key figures
Market cap ₹277M (≈ $2.9M) · P/E ratio 2.6 · P/S ratio 1.94 · EPS (TTM) ₹11.30 · Dividend yield 3.1% · Net margin 75.0% · Return on assets (EBIT) 2.7% · Operating margin 92.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 42% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial peers we cover trades at −14% fair-value upside, at 103%, 511549 screens cheaper than that median.
Fair Value models
Bear ₹25.64Fair Value ₹124.70Bull ₹124.70
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹5.73 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−18.7%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−30.6%
Revenue growth 12 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+87.7%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−14.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−17.3%
Dividend (yield on the price)3.1%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.91% → 79%
⚠ Revenue per share shrinking 1.7%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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Peer Groupⓘ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 “Investment Brokerage - National” was too small, so the broader sector is used.)Financials · 3207 stocks
Beats the sector median on 9/11 measures
Overall it ranks above its sector peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+102.5% · Top 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)91.4% · Top 25%
Operating margin (TTM)92.2% · Top 25%
Growth and dividend
Revenue growth69.8% · Top 25%
Dividend yield (TTM)3.1% · Above median
Valuation Multiplesvs Financials median · lower = cheaper
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.
Is Morarka Finance Limited (511549) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹124.70 versus a price of ₹61.58, about +103% upside (undervalued).
What is the fair value of 511549?
Our model-based fair value for Morarka Finance Limited is ₹124.70 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹61.58.
What is the quality score of 511549?
Morarka Finance Limited has a Quality Score of 68/100. 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 price target for Morarka Finance Limited (511549)?
Our model-based price target is the fair value of ₹124.70 (as of Sep 27, 2026) from 8 valuation models. Cautious scenario ₹25.64, optimistic scenario ₹124.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Morarka Finance Limited stock forecast for 2026?
Our models put fair value at ₹124.70, about +103% upside versus a price of ₹61.58 (undervalued). Cautious scenario ₹25.64, optimistic scenario ₹124.70. The calculation is refreshed regularly with new filings.
What is the revenue of Morarka Finance Limited (511549)?
Morarka Finance Limited reported trailing-twelve-month revenue of about ₹55.3M (latest available figure, as of Sep 27, 2026).
Does Morarka Finance Limited pay a dividend?
Morarka Finance Limited currently shows a dividend yield of about 3.06% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of Morarka Finance Limited (511549)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Morarka Finance Limited it is ₹124.70 per share (as of Sep 27, 2026), against a price of ₹61.58. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Morarka Finance Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, 511549 trades below its calculated fair value: price ₹61.58, fair value ₹124.70, a gap of about +103% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 511549?
No. The price is what the market pays today (₹61.58); the fair value is what the company's own numbers justify (₹124.70). For Morarka Finance Limited the two are ₹63.12 per share apart. That gap is exactly why we show both numbers side by side.
How much is Morarka Finance Limited worth?
The market values Morarka Finance Limited at about ₹277M (market capitalisation, as of Sep 27, 2026). Per share that is ₹61.58; our models calculate a fair value of ₹124.70 per share.
What do the bullish and bearish scenarios say about 511549?
Our models span a range for Morarka Finance Limited: cautious scenario ₹25.64, base ₹124.70, optimistic ₹124.70 per share (as of Sep 27, 2026, price ₹61.58). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 511549?
Morarka Finance Limited trades at a price-to-earnings ratio of 2.6 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹124.70 is built from several models across several years. Other multiples: P/B 0.2, P/S 5.0, EV/EBITDA 5.4.
How far is 511549 from its 52-week high?
Morarka Finance Limited trades at ₹61.58, about 40% below its 52-week high of ₹102.48 and 42% above the low of ₹43.35 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹124.70 is for.
Which stocks are comparable to Morarka Finance Limited?
From the same area (Financial) we also value IndiaNivesh Limited, BAMPSL, ODYCORP, Cni Research Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Morarka Finance Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹61.58, calculated fair value ₹124.70 (+103%), Quality Score 68/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 511549 calculated?
We run Morarka Finance Limited through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹124.70, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Morarka Finance Limited currently trades 51 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Morarka Finance Limited (511549)?
The closing price on Oct 1, 2026 was ₹61.58. Our model-based fair value is ₹124.70, about +103% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Morarka Finance Limited right now?
The model range is unusually wide (₹25.64 to ₹124.70). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 quality (68/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Morarka Finance Limited
How large is the market capitalisation of Morarka Finance Limited (511549)?
The market capitalisation of Morarka Finance Limited is ₹277M (≈ $2.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Morarka Finance Limited (511549)?
The price-to-sales ratio of Morarka Finance Limited is 1.94 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Morarka Finance Limited (511549)?
Earnings per share at Morarka Finance Limited are ₹11.30 (price ÷ EPS = P/E 2.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Morarka Finance Limited (511549)?
The dividend yield of Morarka Finance Limited is 3.1% (payout 16.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Morarka Finance Limited (511549)?
The net margin of Morarka Finance Limited is 75.0% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Morarka Finance Limited (511549)?
On an EBIT basis the return on assets of Morarka Finance Limited is 2.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Morarka Finance Limited (511549)?
The operating margin of Morarka Finance Limited is 92.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Morarka Finance Limited (511549)?
Revenue at Morarka Finance Limited is growing +69.8% versus a year earlier (3y avg −30.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Morarka Finance Limited (511549)?
Earnings per share at Morarka Finance Limited are growing +480% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Morarka Finance Limited (511549) generate?
The free cash flow of Morarka Finance Limited is −₹1.1M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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