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Joindre Capital Services Limited (531861) Fair Value & Analysis

Other · IN · Market cap ₹235M (≈ $2.5M)

JC Joindre Capital Services Limited 531861 · BSE
Price₹49.26
Fair Value₹74.61
Upside+51.5%
Quality43/100
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Strengths

Trades 34% below our fair value of ₹74.61
Ranks above peers (10/12)

Risks

!Weak Growth (revenue 5y −1.1 %/yr)
!Thin margins · 7.7% net margin
!Low debt · negative free cash flow
!Moderate moat 45/100
Weak Growth (revenue 5y −1.1 %/yr)
Thin margins · 7.7% net margin
Low debt · negative free cash flow
3.70% dividend yield
Ranks above peers (10/12)
Moderate moat 45/100
Evidence: Medium Range ₹60.14 – ₹113.64 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 16 days ago

Fair value updated Aug 13, 2026, revised from ₹91.21 to ₹74.61 (−18.2%) since Jul 15, 2026. Share price −10.3% over the past month.

Below-average quality, trading 34% 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 large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹60.14). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (₹60.14 to ₹113.64) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹65.62 ₹13.28 Fair Value ₹74.61 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹13.28 – ₹65.62 · fair‑value band ₹60.14 – ₹113.64 · the ₹49.26 price screens below the ₹74.61 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Joindre Capital Services Limited (531861) currently trades at ₹49.26, while our model-based Fair Value estimate is ₹74.61, implying the stock looks roughly 51.5% undervalued today. The Quality Score stands at 43/100 (below-average quality), in the Other 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: medium), always confirm before acting.

Over the trailing twelve months, Joindre Capital Services Limited generated revenue of ₹198M at a net margin of 7.7%. Revenue grew 43.0% year over year. Net debt stands at ₹27.0M. The stock trades on a trailing P/E of 14.7 (as of Jul 15, 2026). Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹60.14 (bear case) to ₹113.64 (bull case); at ₹49.26, the current price sits below 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 23% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Other peers we cover trades at -5% fair-value upside, at 51%, 531861 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
Residual Income ₹59.43 ₹71.03 ₹140.10 76
Gordon GGM ₹13.93 ₹23.33 ₹30.29 70
Growth-Adj P/E ₹112.22 ₹160.32 ₹208.41 68
All 12 models by family
DCF Models
Owner Earnings ₹108.66 ₹144.96 ₹191.26 31
Earnings-Based
Graham-Dodd ₹68.74 ₹229.50 ₹307.30 54
Lynch FV ₹52.08 ₹74.40 ₹96.72 50
PEG = 1.0 ₹52.08 ₹74.40 ₹96.72 46
Dividend Discount
Gordon GGM ₹13.93 ₹23.33 ₹30.29 70
DDM Multi-Stage ₹13.93 ₹21.59 ₹25.10 61
Multiples
P/E Multiple ₹128.88 ₹171.85 ₹214.81 63
P/S Multiple ₹21.68 ₹28.91 ₹36.14 58
P/B Multiple ₹128.88 ₹171.85 ₹214.81 55
Asset-Based
NCAV (Graham) ₹32.82 ₹43.98 ₹65.64 50
Economic Profit
Residual Income ₹59.43 ₹71.03 ₹140.10 76
Growth Earnings
Growth-Adj P/E ₹112.22 ₹160.32 ₹208.41 68

Widest divergence: Multiples (₹171.85) versus Dividend Discount (₹21.59). Highest evidence: Residual Income (76).

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Key figures & financial health

P/E ratio 14.7 as of Jul 15, 2026
P/S ratio 7.72 P/E × margin
EPS (TTM) ₹1.09 price ÷ EPS = P/E 14.7
Dividend yield 3.7% payout 167%
Net margin 52.4% FY2026
Return on assets (EBIT) 4.3% avg 5y
More key figures
Profitability
Operating margin 10.7% TTM
Growth
Revenue (TTM) ₹198M TTM
Revenue growth (YoY) +43.0% 3y avg -2.7%
EPS growth (YoY) +250%
Balance sheet & cash flow
Free cash flow −₹55.9M FY2026
Net debt ₹27.0M FY2021

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 43/100

Of which business quality 41 · Market factors (momentum, volatility) 50

Profitability 44
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 49
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

Joindre Capital Services Limited engages in the share stock broking and related activities in India. It offers institutional broking services, including buying and selling stocks, securities, and derivative products to financial institutions, mutual funds, and banks; retail investment services; trading services in future and options contracts; a range of …

Full company description

Joindre Capital Services Limited engages in the share stock broking and related activities in India. It offers institutional broking services, including buying and selling stocks, securities, and derivative products to financial institutions, mutual funds, and banks; retail investment services; trading services in future and options contracts; a range of mutual funds; IPOs; Internet based trading services; and depository services. The company was incorporated in 1995 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Joindre Capital Services Limited reported revenue of ₹267M in FY2026 versus ₹376M in FY2022, a compound −8.2%/yr. Reported net income was ₹140M in FY2026, compounding +22.2%/yr from FY2022.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹267M
Latest YoY
−44.8%
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.
−2.7%
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.
−1.1%
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.
+3.9%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+37.5% (33.8 + 3.7)
Revenue −8.2%/yr
FY22 ₹376M
FY23 ₹290M
FY24 ₹415M
FY25 ₹483M
FY26 ₹267M
Net income +22.2%/yr
FY22 ₹62.7M
FY23 ₹30.8M
FY24 ₹4.9M
FY25 ₹99.6M
FY26 ₹140M

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Cite: Fair Value Calculator (2026). "Joindre Capital Services Limited Fair Value". https://www.fairvalue-calculator.com/stock/531861

Peer Group

Other · 139 stocks

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.

Quality Score 43 · Below median
Fair Value upside +52% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 11% · Top 25%
Revenue growth 43% · Top 25%
Dividend yield (TTM) 3.7% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Other median · lower = cheaper

P/E (TTM) 14.7× · Cheaper than median
P/B 0.26× · Cheaper than median
P/S (TTM) 1.19× · Pricier than median

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 6
FUTURE100 · sector 0
PAST0 · sector 0
HEALTH100 · sector 99
DIVIDEND74 · sector 29

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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Frequently asked questions

Is Joindre Capital Services Limited (531861) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹74.61 versus a price of ₹49.26, about +51% (undervalued).
What is the fair value of 531861?
Our model-based fair value for Joindre Capital Services Limited is ₹74.61 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹49.26.
What is the quality score of 531861?
Joindre Capital Services Limited has a Quality Score of 43/100. 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 Joindre Capital Services Limited (531861)?
Joindre Capital Services Limited reported trailing-twelve-month revenue of about ₹198M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 531861?
The net profit margin of Joindre Capital Services Limited is about 7.7%, meaning it keeps roughly 7.7% of revenue as net income. Based on the latest reported figures.
Does Joindre Capital Services Limited pay a dividend?
Joindre Capital Services Limited currently shows a dividend yield of about 3.70% relative to its recent price (as of Aug 13, 2026).

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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