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Esaar (India) Limited (531502) Fair Value & Analysis

Financial · IN · Market cap ₹35.0M

EI Esaar (India) Limited 531502 · BSE
Price₹13.19
Fair Value₹26.38
Upside+100.0%
Quality70/100
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Strengths

Trades 50% below our fair value of ₹26.38
Solidly profitable · 19.4% net margin
Moderate debt · generates free cash flow
Wide moat 65/100

Risks

!Mixed Growth (revenue 5y +13.2 %/yr)
!Mixed vs. peers (6/13)
!The models disagree: range ₹11.53 to ₹56.46
Mixed Growth (revenue 5y +13.2 %/yr)
Solidly profitable · 19.4% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (6/13)
Wide moat 65/100
Evidence: High Range ₹11.53 – ₹56.46 Share as image

Fair value as of: Aug 25, 2026

From 8 valuation models · updated today

Fair value updated Aug 25, 2026, revised from ₹23.90 to ₹26.38 (+10.4%) since Aug 13, 2026. Share price +16.6% over the past month.

A solid business, trading 50% below our fair value.

What runs behind every stock

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

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What matters now

  • The rarer combination: high quality (70/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The model range is unusually wide (₹11.53 to ₹56.46). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

₹19.68 ₹1.48 Fair Value ₹26.38 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range ₹1.48 – ₹19.68 · fair‑value band ₹11.53 – ₹56.46 · the ₹13.19 price screens below the ₹26.38 fair value. Dashed = 300-day average. As of Aug 25, 2026.

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Analysis

Esaar (India) Limited (531502) currently trades at ₹13.19, while our model-based Fair Value estimate is ₹26.38, implying the stock looks roughly 100.0% undervalued today. The Quality Score stands at 70/100 (solid quality), in the Financial sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Esaar (India) Limited generated revenue of ₹325M at a net margin of 19.4%. Revenue declined 46.7% year over year. Net debt stands at ₹467M. The stock trades on a trailing P/E of 0.7 (as of Aug 25, 2026). Fundamentals as of Aug 25, 2026

Our scenario range runs from ₹11.53 (bear case) to ₹56.46 (bull case); at ₹13.19, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 34% below its 52-week high and 72% above its 52-week low. For context, the median of 10 Financial peers we cover trades at -28% fair-value upside, at 100%, 531502 screens cheaper 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 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. Evidence
Highest evidence
P/E Multiple ₹53.12 ₹70.82 ₹88.53 63
Residual Income ₹28.71 ₹39.29 ₹184.53 61
P/B Multiple ₹20.32 ₹27.09 ₹33.86 55
All 8 models by family
DCF Models
5Y P/E Exit ₹11.93 ₹65.79 ₹140.96 38
10Y P/E Exit ₹41.22 ₹113.60 35
Earnings-Based
Graham-Dodd ₹37.05 ₹258.35 ₹362.56 54
Lynch FV ₹133.47 ₹190.68 ₹247.88 50
Multiples
P/E Multiple ₹53.12 ₹70.82 ₹88.53 63
P/B Multiple ₹20.32 ₹27.09 ₹33.86 55
Asset-Based
NCAV (Graham) ₹9.67 ₹12.96 ₹19.35 50
Economic Profit
Residual Income ₹28.71 ₹39.29 ₹184.53 61

Widest divergence: Earnings-Based (₹190.68) versus Asset-Based (₹12.96). Highest evidence: P/E Multiple (63).

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Key figures & financial health

P/E ratio 0.7 as of Aug 25, 2026
P/S ratio 0.11 TTM
Net margin 19.4% TTM
Operating margin 14.5% TTM
EPS (TTM) ₹3.09
Revenue (TTM) ₹325M TTM
More key figures
Growth
Revenue growth (YoY) -46.7% 3y avg +30.2%
EPS growth (YoY) -88.3%
Balance sheet & cash flow
Free cash flow ₹2.2M FY2026
Net debt ₹467M FY2026

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 70/100

Of which business quality 61 · Market factors (momentum, volatility) 59

Profitability 67
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 34
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Esaar (India) Limited operates as a non-banking financial services company in India. It engages in the finance, share trading, and investment businesses. The company was incorporated in 1951 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Esaar (India) Limited reported revenue of ₹407M in FY2026 versus ₹89.9M in FY2022, a compound +45.9%/yr. Reported net income was ₹111M in FY2026, compounding −14.6%/yr from FY2022.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹407M
Latest YoY
+175.6%
Avg. revenue growth/yr (3Y) 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.
+30.2%
Avg. revenue growth/yr (5Y) 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.
+13.2%
Avg. revenue growth/yr (12Y) 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.
+8.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+44.4% (44.4 + 0.0)
Revenue +45.9%/yr
FY22 ₹89.9M
FY23 ₹185M
FY24 ₹63.7M
FY25 ₹148M
FY26 ₹407M
Net income −14.6%/yr
FY22 ₹210M
FY23 ₹44.8M
FY24 −₹4.8M
FY25 −₹22.4M
FY26 ₹111M

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Cite: Fair Value Calculator (2026). "Esaar (India) Limited Fair Value". https://www.fairvalue-calculator.com/stock/531502

Peer Group

Financials · 3259 stocks

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.)

Quality Score 69 · Top 25%
Fair Value upside +100% · Top 25%
Return on assets 0% · Bottom 25%
Net margin (TTM) 19% · Below median
Operating margin (TTM) 14% · Below median
Revenue growth -47% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.19× · Higher than 75% of peers

Valuation Multiples vs Financials median · lower = cheaper

P/E (TTM) 0.7× · Cheaper than 75% of peers
P/B 0.09× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 28
FUTURE0 · sector 40
PAST0 · sector 38
HEALTH41 · sector 87
DIVIDEND0 · sector 55

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

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10 more Investment Brokerage - National stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

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SKP Securities Limited 531169 ₹103.99 ₹196.47 +89%
Pro Fin Capital Services Ltd 511557 ₹2.42 ₹4.84 +100%
Morarka Finance Limited 511549 ₹65.01 ₹41.30 -36%

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Frequently asked questions

Is Esaar (India) Limited (531502) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of ₹26.38 versus a price of ₹13.19, about +100% (undervalued).
What is the fair value of 531502?
Our model-based fair value for Esaar (India) Limited is ₹26.38 (as of Aug 25, 2026), built from audited fundamentals. The current price: ₹13.19.
What is the quality score of 531502?
Esaar (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 revenue of Esaar (India) Limited (531502)?
Esaar (India) Limited reported trailing-twelve-month revenue of about ₹325M (latest available figure, as of Aug 25, 2026).
What is the net profit margin of 531502?
The net profit margin of Esaar (India) Limited is about 19.4%, meaning it keeps roughly 19.4% 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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