NCL Research & Financial Services Limited (530557) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of NCL Research & Financial Services Limited ₹0.62, price ₹0.72, upside -13.9%, quality 59 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 24, 2026.
How to read this chart
60‑month range ₹0.1359 – ₹2.68 · fair‑value band ₹0.4600 – ₹0.7800 · the ₹0.7200 price screens above the ₹0.6200 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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NCL Research & Financial Services Limited, a non-banking financing company, engages in the finance and investment activities in India. It invests and trades in shares and securities. The company is also involved in advancing loans. NCL Research & Financial Services Limited was incorporated in 1985 and is based in Mumbai, India.
Stock analysis
NCL Research & Financial Services Limited (530557) currently trades at ₹0.7200, while our model-based Fair Value estimate is ₹0.6200, 13.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹5.05 per share, and 3 of the 3 models we run sit above the ₹0.7200 price.
Bear case: the Growth DCF group reads lowest at ₹0.8200, and 0 of the 3 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹0.4600 (bear) to ₹0.7800 (bull), the price of ₹0.7200 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 59/100 (solid quality), in the Financials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
NCL Research & Financial Services Limited reported revenue of ₹61.5M in FY2026 versus ₹18.8M in FY2022, a compound +34.5%/yr. Reported net income was −₹26.0M in FY2026.
Key figures
Market cap ₹27.6M (≈ $287K) · P/E ratio 20.0 · P/S ratio 1.52 · EPS (TTM) ₹0.0190 · Net margin −42.3% · Return on equity 0.5% · Return on assets (EBIT) 0.3% · Operating margin 23.1%.
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 15% below its 52-week high and 85% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financials peers we cover trades at 13% fair-value upside, at −14%, 530557 screens richer than that median.
Fair Value models
Bear ₹0.4600Fair Value ₹0.6200Bull ₹0.7800
Price ₹0.7200 · Upside -13.9%
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 (₹0.0097 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−27.6%
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.
+17.8%
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.
+27.2%
Start year 2021 (pandemic). Over 10 years: +2.8% a year
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.
−13.0%
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Profit margin (trend) ⓘ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.
0.2% (2021) → −7.4% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+46.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +40.7% a year for the price.
Compare NCL Research & Financial Services Limited with another stock
Price, fair value, quality and upside side by side.
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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 “Financial Services” was too small, so the broader sector is used.)Financials · 3128 stocks
Beats the sector median on 1/9 measures
Overall it trails its sector peers.
Valuation
Quality Score62 · Above median
Fair Value upside−86.1% · Bottom 25%
Profitability
Return on equity (TTM)0.5% · Bottom 25%
Return on assets0.4% · Below median
Net margin (TTM)15.4% · Below median
Operating margin (TTM)23.1% · Below median
Growth and dividend
Revenue growth−0.3% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Financials median · lower = cheaper
P/E (TTM)20.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 25
FUTURE (revenue growth)0· sector 47
PAST (return on equity)2· sector 38
HEALTH (low debt)100· sector 87
DIVIDEND (yield)0· sector 59
VALUE 0: the price sits above our fair-value range.
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.
Cite: Fair Value Calculator (2026). "NCL Research & Financial Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/530557
Frequently asked questions
Is NCL Research & Financial Services Limited (530557) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹0.6200 versus a price of ₹0.7200, about −14% upside (overvalued).
What is the fair value of 530557?
Our model-based fair value for NCL Research & Financial Services Limited is ₹0.6200 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹0.7200.
What is the quality score of 530557?
NCL Research & Financial Services Limited has a Quality Score of 59/100. 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 NCL Research & Financial Services Limited (530557)?
Our model-based price target is the fair value of ₹0.6200 (as of Sep 24, 2026) from 3 valuation models. Cautious scenario ₹0.4600, optimistic scenario ₹0.7800. It is a calculation from audited fundamentals, not an analyst target.
What is the NCL Research & Financial Services Limited stock forecast for 2026?
Our models put fair value at ₹0.6200, about −14% upside versus a price of ₹0.7200 (overvalued). Cautious scenario ₹0.4600, optimistic scenario ₹0.7800. The calculation is refreshed regularly with new filings.
What growth is priced into NCL Research & Financial Services Limited (530557)?
For today's price to be fair in a discounted-cash-flow model, NCL Research & Financial Services Limited would have to grow free cash flow by +46.5 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 530557 use?
Our models discount NCL Research & Financial Services Limited at 12.4 %: a base by market capitalisation (nano), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For NCL Research & Financial Services Limited that is +46.5 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has NCL Research & Financial Services Limited (530557) delivered so far?
Over the past 5 years revenue at NCL Research & Financial Services Limited grew +27.2 % a year. The price currently implies +46.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of NCL Research & Financial Services Limited (530557) growing?
The median revenue growth in the sector is +8.9 % a year. That is the yardstick for the growth priced into NCL Research & Financial Services Limited (+46.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of NCL Research & Financial Services Limited (530557)?
The free-cash-flow yield on the price is 1.14 %: that much free cash flow NCL Research & Financial Services Limited produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of NCL Research & Financial Services Limited (530557)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For NCL Research & Financial Services Limited it is ₹0.6200 per share (as of Sep 24, 2026), against a price of ₹0.7200. It is the blended result of 3 valuation models (cash flow, earnings, asset, dividend).
Is NCL Research & Financial Services Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 530557 trades above its calculated fair value: price ₹0.7200, fair value ₹0.6200, a gap of about −14% (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 530557?
No. The price is what the market pays today (₹0.7200); the fair value is what the company's own numbers justify (₹0.6200). For NCL Research & Financial Services Limited the two are ₹0.1000 per share apart. That gap is exactly why we show both numbers side by side.
How much is NCL Research & Financial Services Limited worth?
The market values NCL Research & Financial Services Limited at about ₹27.6M (market capitalisation, as of Sep 24, 2026). Per share that is ₹0.7200; our models calculate a fair value of ₹0.6200 per share.
What do the bullish and bearish scenarios say about 530557?
Our models span a range for NCL Research & Financial Services Limited: cautious scenario ₹0.4600, base ₹0.6200, optimistic ₹0.7800 per share (as of Sep 24, 2026, price ₹0.7200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 530557?
NCL Research & Financial Services Limited trades at a price-to-earnings ratio of 20.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹0.6200 is built from several models across several years.
How solid is the balance sheet of NCL Research & Financial Services Limited (530557)?
Balance-sheet figures for NCL Research & Financial Services Limited (as of Sep 24, 2026): return on equity 0.5%. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 530557 from its 52-week high?
NCL Research & Financial Services Limited trades at ₹0.7200, about 15% below its 52-week high of ₹0.8500 and 85% above the low of ₹0.3900 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.6200 is for.
Which stocks are comparable to NCL Research & Financial Services Limited?
From the same area (Financials) we also value ARYAMAN, DHARNI, NCLRESE, 539679, 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 NCL Research & Financial Services Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹0.7200, calculated fair value ₹0.6200 (−14%), Quality Score 59/100, from 3 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 530557 calculated?
We run NCL Research & Financial Services Limited through 3 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 ₹0.6200, 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 14.9 % above its aggregate fair value. NCL Research & Financial Services 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 NCL Research & Financial Services Limited (530557)?
The closing price on Oct 1, 2026 was ₹0.7200. Our model-based fair value is ₹0.6200, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with NCL Research & Financial Services Limited right now?
Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 NCL Research & Financial Services Limited
How large is the market capitalisation of NCL Research & Financial Services Limited (530557)?
The market capitalisation of NCL Research & Financial Services Limited is ₹27.6M (≈ $287K). 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 NCL Research & Financial Services Limited (530557)?
The price-to-sales ratio of NCL Research & Financial Services Limited is 1.52 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of NCL Research & Financial Services Limited (530557)?
Earnings per share at NCL Research & Financial Services Limited are ₹0.0190 (price ÷ EPS = P/E 20.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of NCL Research & Financial Services Limited (530557)?
The net margin of NCL Research & Financial Services Limited is −42.3% (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 return on equity of NCL Research & Financial Services Limited (530557)?
The return on equity (ROE) of NCL Research & Financial Services Limited is 0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of NCL Research & Financial Services Limited (530557)?
On an EBIT basis the return on assets of NCL Research & Financial Services Limited is 0.3% (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 NCL Research & Financial Services Limited (530557)?
The operating margin of NCL Research & Financial Services Limited is 23.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at NCL Research & Financial Services Limited (530557)?
Revenue at NCL Research & Financial Services Limited is growing −0.3% versus a year earlier (3y avg +17.8%). 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 NCL Research & Financial Services Limited (530557)?
Earnings per share at NCL Research & Financial Services Limited are growing −65.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does NCL Research & Financial Services Limited (530557) carry?
The net debt of NCL Research & Financial Services Limited is ₹1.4M (fiscal year 2022, ≈ 0.2 yrs of FCF). 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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