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Data-driven stock valuation

Martin Burn Limited (523566) fair value: what the stock is really worth

As of Oct 29, 2026: fair value (intrinsic value) of Martin Burn Limited stock ₹21.90, price ₹43.32, upside -49.4%, quality 39 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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MB Martin Burn Limited logo Thin data Oct 30, 2026

Martin Burn Limited

523566 · BSE
Very expensive, weak quality

Our calculation puts a fair price 49% below what the stock costs today.

Low debt
Costs just 7.6 times its yearly profit.
Mixed vs. peers (5/11)
Fair value ₹21.90 · Strongly overvalued (−49.4%)
Quality 39/100
Weak Growth (revenue 5y −41.6 %/yr in INR)
Negative free cash flow
Narrow moat 30/100 · thin data
Thin data
⚠ Thinly traded

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹113.09 ₹28.55 Fair Value ₹21.90 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.

How to read this chart

60‑month range ₹28.55 – ₹113.09 · fair‑value band ₹16.19 – ₹27.61 · the ₹43.32 price screens above the ₹21.90 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.

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Company profile

Martin Burn Limited engages in the construction and property development business in India. It is also involved in the leasing and rental related activities. Martin Burn Limited was founded in 1946 and is based in Kolkata, India.

Stock analysis

Martin Burn Limited (523566) currently trades at ₹43.32, while our model-based Fair Value estimate is ₹21.90, 49.4% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 8 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: ₹16.19 (bear) to ₹27.61 (bull), the price of ₹43.32 sits above 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 39/100 (below-average quality), in the Real Estate sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Martin Burn Limited reported revenue of ₹182K in FY2026 versus ₹6.4M in FY2022, a compound −58.9%/yr. Reported net income was ₹19.0M in FY2026, compounding +3.9%/yr from FY2022.

Key figures

Market cap ₹104M (≈ $1.1M) Micro · P/E ratio 7.6 · EPS (TTM) ₹3.14 · Return on assets (EBIT) 57,167% · Operating margin 634% · Revenue growth (YoY) −75.9% · EPS growth (YoY) −18.3% · Free cash flow −₹117M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).

What moves the price

The share trades about 29% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Real Estate peers we cover trades at −12% fair-value upside, at −49%, 523566 screens richer than that median.

Fair Value models

Bear ₹16.19 Fair Value ₹21.90 Bull ₹27.61
Price ₹43.32 · Upside -49.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹1.83 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. Coverage ⓘCoverage = 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.
Best data coverage
Residual Income ₹7,289 ₹7,082 ₹7,043 71
P/S Multiple ₹16.19 ₹21.90 ₹27.61 58
P/B Multiple ₹16,301 ₹21,735 ₹27,169 55
All 4 models by family
Multiples
P/S Multiple ₹16.19 ₹21.90 ₹27.61 58
P/B Multiple ₹16,301 ₹21,735 ₹27,169 55
Asset-Based
NCAV (Graham) ₹5,434 ₹7,281 ₹10,867 54
Economic Profit
Residual Income ₹7,289 ₹7,082 ₹7,043 71

Open the full fair value analysis →

Quality Score breakdown

Overall quality 39/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 31
How much profit the company makes from its sales and capital
Quality Growth 15
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 67
Debt, balance sheet and risk of trouble
Investment 57
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Momentum 24
Price trend of the last 3 to 12 months, does not count
Near the 52-week high 14
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 4/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−94.3%
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.
−60.1%
Revenue growth 5 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.
−41.6%
Start year 2021 (pandemic)
Revenue growth 13 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.
−32.0%
What shareholders gained per year (last 5 years), in INR (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+54.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+54.4%
Dividend (yield on the price)0.0%
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.−154% → −22,351%
2026 sits 60% above its own trend. The rate follows the median trend of the last 5 years, not that single year.

523566 screens overvalued: fair value 49% below the price. Compare with CBRE Group →

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Peer Groupⓘ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.Real Estate Services · 528 stocks

Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Bottom 25%
Fair Value upside −49.4% · Bottom 25%
Profitability
Return on assets 2.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) −75.9% · Bottom 25%
Dividend yield (12 months) 0.0% · Bottom 25%
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Real Estate Services median · lower = cheaper

P/E (12 months) 7.6× · Cheaper than median
P/B 0.18× · Cheapest 25%
P/S (12 months) 23.18× · Priciest 25%
EV/EBITDA 2.8× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 47
FUTURE (revenue growth)0 · sector 19
PAST (return on equity)0 · sector 16
HEALTH (low debt)100 · sector 83
DIVIDEND (yield)0 · sector 64

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

Context: sector, industry, market

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vonovia SE VNA €16.47 €36.52 +122% vs 523566
Jones Lang LaSalle Incorporated JLL $333.34 $529.78 +59% vs 523566
China Resources Mixc Lifestyle Services Limited 1209 HK$39.42 HK$55.33 +40% vs 523566
Cellnex Telecom, S.A CLNX €25.55 €23.66 −7% vs 523566
Wharf Real Estate Investment Company 1997 HK$31.04 HK$27.21 −12% vs 523566
CBRE Group CBRE $121.65 $89.81 −26% vs 523566
KE Holdings BEKE $17.08 $7.31 −57% vs 523566
CapitaLand Investment Limited 9CI 2.39 SGD 0.7800 SGD −67% vs 523566
Swire Properties Limited 1972 HK$25.14 HK$5.88 −77% vs 523566
CoStar Group CSGP $32.01 $6.09 −81% vs 523566

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Cite: Fair Value Calculator (2026). "Martin Burn Limited Fair Value". https://www.fairvalue-calculator.com/stock/523566

Frequently asked questions

Is Martin Burn Limited (523566) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ₹21.90 versus a price of ₹43.32, about −49% upside (overvalued).
What is the fair value of 523566?
Our model-based fair value for Martin Burn Limited is ₹21.90 (as of Oct 30, 2026), built from audited fundamentals. The current price: ₹43.32.
What is the quality score of 523566?
Martin Burn Limited has a Quality Score of 39/100. 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 Martin Burn Limited (523566)?
Our model-based price target is the fair value of ₹21.90 (as of Oct 30, 2026) from 4 valuation models. Cautious scenario ₹16.19, optimistic scenario ₹27.61. It is a calculation from audited fundamentals, not an analyst target.
What is the Martin Burn Limited stock forecast for 2026?
Our models put fair value at ₹21.90, about −49% upside versus a price of ₹43.32 (overvalued). Cautious scenario ₹16.19, optimistic scenario ₹27.61. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Martin Burn Limited (523566)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Martin Burn Limited it is ₹21.90 per share (as of Oct 30, 2026), against a price of ₹43.32. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Martin Burn Limited stock overvalued or undervalued in 2026?
As of Oct 30, 2026, 523566 trades above its calculated fair value: price ₹43.32, fair value ₹21.90, a gap of about −49% (overvalued). 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 523566?
No. The price is what the market pays today (₹43.32); the fair value is what the company's own numbers justify (₹21.90). For Martin Burn Limited the two are ₹21.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Martin Burn Limited worth?
The market values Martin Burn Limited at about ₹104M (market capitalisation, as of Oct 30, 2026). Per share that is ₹43.32; our models calculate a fair value of ₹21.90 per share.
What do the bullish and bearish scenarios say about 523566?
Our models span a range for Martin Burn Limited: cautious scenario ₹16.19, base ₹21.90, optimistic ₹27.61 per share (as of Oct 30, 2026, price ₹43.32). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 523566?
Martin Burn Limited trades at a price-to-earnings ratio of 7.6 (as of Oct 30, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹21.90 is built from several models across several years. Other multiples: P/B 0.2, P/S 23.2, EV/EBITDA 2.8.
How solid is the balance sheet of Martin Burn Limited (523566)?
Balance-sheet figures for Martin Burn Limited (as of Oct 30, 2026): debt of 0.00 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 523566 from its 52-week high?
Martin Burn Limited trades at ₹43.32, about 29% below its 52-week high of ₹60.71 and 13% above the low of ₹38.46 (as of Oct 29, 2026). Distance from the high says nothing about value: that is what the fair value of ₹21.90 is for.
Which stocks are comparable to Martin Burn Limited?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Martin Burn Limited stock attractive at the current price?
The data as of Oct 30, 2026: price ₹43.32, calculated fair value ₹21.90 (−49%), Quality Score 39/100, from 4 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 523566 calculated?
We run Martin Burn Limited through 4 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 ₹21.90, 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 13.1 % above its aggregate fair value. Martin Burn Limited itself currently trades above fair value. 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 Martin Burn Limited (523566)?
The closing price on Oct 29, 2026 was ₹43.32. Our model-based fair value is ₹21.90, about −49% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Martin Burn Limited right now?
The price sits above even our optimistic bull case (₹27.61). The favourable scenario is already priced in. Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.

Key figures of Martin Burn Limited

How large is the market capitalisation of Martin Burn Limited (523566)?
The market capitalisation of Martin Burn Limited is ₹104M (≈ $1.1M). 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 are the earnings per share of Martin Burn Limited (523566)?
Earnings per share at Martin Burn Limited are ₹3.14 (price ÷ EPS = P/E 7.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the EBIT return on assets of Martin Burn Limited (523566)?
On an EBIT basis the return on assets of Martin Burn Limited is 57,167% (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 Martin Burn Limited (523566)?
The operating margin of Martin Burn Limited is 634% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Martin Burn Limited (523566)?
Revenue at Martin Burn Limited is growing −75.9% versus a year earlier (3y avg −60.1%). 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 Martin Burn Limited (523566)?
Earnings per share at Martin Burn Limited are growing −18.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Martin Burn Limited (523566) generate?
The free cash flow of Martin Burn Limited is −₹117M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Martin Burn Limited (523566) carry?
The net debt of Martin Burn Limited is ₹87.4M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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