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Fortune Financial Services (India) Limited (530023) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Fortune Financial Services (India) Limited ₹183, price ₹91.67, upside +99.5%, quality 70 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Thin data
Sep 24, 2026
Fortune Financial Services (India) Limited
530023 · BSEClearly undervaluedStrong Fair Value upside, but quality is only moderate.
✓Fair value ₹182.89 · Strongly undervalued (+99.5%)
✓Quality 70/100
!Weak Growth (revenue 5y −5.1 %/yr)
✓Solidly profitable · 12.1% net margin (FY2025)
✓Low debt
!Evidence only low, so the estimate is less certain
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹65.00 – ₹226.35 · fair‑value band ₹96.06 – ₹230.41 · the ₹91.67 price screens below the ₹182.89 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Fortune Financial Services (India) Limited provides corporate finance and broking solutions in India.
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Fortune Financial Services (India) Limited provides corporate finance and broking solutions in India. The company offers investment banking and corporate finance services; advisory services; broking services in the cash, and future and options segments; currency derivatives and commodities; depository services; loans; portfolio management services; and other wealth and distribution related products. It is also involved in equity and commodity broking, financial services, and reinsurance and third party distribution activities. The company was incorporated in 1991 and is based in Mumbai, India.
Stock analysis
Fortune Financial Services (India) Limited (530023) currently trades at ₹91.67, while our model-based Fair Value estimate is ₹182.89, implying the stock looks roughly 49.9% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹230.33 per share, and 9 of the 11 models we run sit above the ₹91.67 price.
Bear case: the Earnings-Based group reads lowest at ₹61.58, and 2 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹96.06 (bear) to ₹230.41 (bull), the price of ₹91.67 sits below 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 70/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Fortune Financial Services (India) Limited reported revenue of ₹3.5B in FY2025 versus ₹3.2B in FY2021, a compound +2.4%/yr. Reported net income was ₹425M in FY2025, compounding +29.6%/yr from FY2021.
Key figures
Market cap ₹4.8B (≈ $49.7M) · EPS (TTM) ₹−1.18 · Net margin 12.1% · Return on assets (EBIT) 3.8%.
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 38% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at 100%, 530023 screens cheaper than that median.
Fair Value models
Bear ₹96.06
Fair Value ₹182.89
Bull ₹230.41
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.
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.
Highest evidence
Growth DCF
₹269.94
₹394.22
₹567.87
75
Owner Earnings
₹114.18
₹171.37
₹257.08
74
Rev-Margin DCF
₹162.45
₹230.33
₹311.23
71
All 11 models by family
DCF Models
Owner Earnings
₹114.18
₹171.37
₹257.08
74
5Y P/E Exit
₹149.68
₹203.14
₹257.73
69
10Y P/E Exit
₹190.94
₹248.14
₹315.50
63
Earnings-Based
Graham-Dodd
₹56.06
₹188.93
₹253.19
62
Lynch FV
₹43.11
₹61.58
₹80.05
59
Multiples
P/E Multiple
₹80.37
₹107.17
₹133.96
63
P/B Multiple
₹105.10
₹140.14
₹175.17
55
Asset-Based
NCAV (Graham)
₹68.34
₹91.57
₹136.67
54
Growth DCF
Growth DCF
₹269.94
₹394.22
₹567.87
75
Rev-Margin DCF
₹162.45
₹230.33
₹311.23
71
Economic Profit
Residual Income
₹106.38
₹108.90
₹117.38
68
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Set up alert →Quality Score breakdown
Overall quality
70/100
Of which business quality 69 · Market factors (momentum, volatility) 17
Profitability
34
Margins and returns on capital today
Quality Growth
77
Are margins and returns improving?
Cashflow
100
Earnings quality: real cash, not paper profit
Fin. Strength
63
Balance sheet, leverage, solvency risk
Investment
65
Disciplined investing over empire-building
Low Volatility
24
Calm price path (market factor)
Momentum
23
Price trend over the last 3–12 months (market factor)
52W Momentum
0
Distance to the 52-week high (market factor)
Net Issuance
79
Share count: buybacks or dilution?
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.
40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+22.7%
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.
+2.9%
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.
−5.1%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 11 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.
+21.9%
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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.
+76.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+76.2%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.11% → 29%
2025 sits 270% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Revenue per share shrinking 2.0%/yr over ~6Y (margins eroding too) ⓘ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 industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 462 stocks
Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India 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 Capital Markets stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Morgan Stanley, a financial holding company, MS | $188.08 | $314.07 | +67% |
| The Goldman Sachs Group GS | $900.36 | $766.86 | −15% |
| The Charles Schwab Corporation SCHW | $97.74 | $118.07 | +21% |
| Interactive Brokers Group IBKR | $89.24 | $23.12 | −74% |
| Robinhood Markets, Inc HOOD | $116.22 | $47.77 | −59% |
| Macquarie Group MQG | A$245.63 | A$80.51 | −67% |
| CITIC Securities Company 600030 | ¥26.29 | ¥18.35 | −30% |
| Guotai Haitong Securities Co 601211 | ¥17.21 | ¥19.35 | +12% |
| East Money Information Co 300059 | ¥18.28 | ¥4.94 | −73% |
| Nomura Holdings NMR | $9.91 | $10.19 | +3% |
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Frequently asked questions
Is Fortune Financial Services (India) Limited (530023) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹182.89 versus a price of ₹91.67, about +100% upside (undervalued).
What is the fair value of 530023?
Our model-based fair value for Fortune Financial Services (India) Limited is ₹182.89 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹91.67.
What is the quality score of 530023?
Fortune Financial Services (India) Limited has a Quality Score of 70/100. 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 Fortune Financial Services (India) Limited (530023)?
Our model-based price target is the fair value of ₹182.89 (as of Sep 24, 2026) from 11 valuation models. Cautious scenario ₹96.06, optimistic scenario ₹230.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Fortune Financial Services (India) Limited stock forecast for 2026?
Our models put fair value at ₹182.89, about +100% upside versus a price of ₹91.67 (undervalued). Cautious scenario ₹96.06, optimistic scenario ₹230.41. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Fortune Financial Services (India) Limited (530023)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fortune Financial Services (India) Limited it is ₹182.89 per share (as of Sep 24, 2026), against a price of ₹91.67. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Fortune Financial Services (India) Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 530023 trades below its calculated fair value: price ₹91.67, fair value ₹182.89, a gap of about +100% (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 530023?
No. The price is what the market pays today (₹91.67); the fair value is what the company's own numbers justify (₹182.89). For Fortune Financial Services (India) Limited the two are ₹91.22 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fortune Financial Services (India) Limited worth?
The market values Fortune Financial Services (India) Limited at about ₹4.8B (market capitalisation, as of Sep 24, 2026). Per share that is ₹91.67; our models calculate a fair value of ₹182.89 per share.
What do the bullish and bearish scenarios say about 530023?
Our models span a range for Fortune Financial Services (India) Limited: cautious scenario ₹96.06, base ₹182.89, optimistic ₹230.41 per share (as of Sep 24, 2026, price ₹91.67). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 530023 from its 52-week high?
Fortune Financial Services (India) Limited trades at ₹91.67, about 38% below its 52-week high of ₹149.00 and at the low of ₹91.60 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹182.89 is for.
Which stocks are comparable to Fortune Financial Services (India) Limited?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Fortune Financial Services (India) Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹91.67, calculated fair value ₹182.89 (+100%), Quality Score 70/100, from 11 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 530023 calculated?
We run Fortune Financial Services (India) Limited through 11 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 ₹182.89, 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. Fortune Financial Services (India) Limited currently trades 50 % 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 Fortune Financial Services (India) Limited (530023)?
The closing price on Oct 1, 2026 was ₹91.67. Our model-based fair value is ₹182.89, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fortune Financial Services (India) Limited right now?
The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (₹96.06). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹96.06 to ₹230.41) leaves room in how you read the outcome.
Key figures of Fortune Financial Services (India) Limited
How large is the market capitalisation of Fortune Financial Services (India) Limited (530023)?
The market capitalisation of Fortune Financial Services (India) Limited is ₹4.8B (≈ $49.7M). 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 Fortune Financial Services (India) Limited (530023)?
Earnings per share at Fortune Financial Services (India) Limited are ₹−1.18. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Fortune Financial Services (India) Limited (530023)?
The net margin of Fortune Financial Services (India) Limited is 12.1% (fiscal year 2025). 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 Fortune Financial Services (India) Limited (530023)?
On an EBIT basis the return on assets of Fortune Financial Services (India) Limited is 3.8% (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.
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