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TCFC Finance Limited (532284) Fair Value & Analysis

Financial · IN · Market cap ₹186M

TF TCFC Finance Limited 532284 · BSE
Price₹24.88
Fair Value₹51.62
Upside+107.5%
Quality56/100
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Weak Growth
Highly profitable · 68.1% net margin
negative free cash flow
Ranks above peers (9/12)
Moderate moat 64/100
Evidence: Low Range ₹38.72 – ₹64.53 Share as image

Fair value as of: Aug 13, 2026

From 2 valuation models · updated 5 days ago

Fair value updated Aug 13, 2026, revised from ₹53.40 to ₹51.62 (−3.3%) since Aug 11, 2026.

A solid business, screening 107% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹38.72). 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.
  • Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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)

₹91.91 ₹23.21 Fair Value ₹51.62 Mar 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 ₹23.21 – ₹91.91 · fair‑value band ₹38.72 – ₹64.53 · the ₹24.88 price screens below the ₹51.62 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

TCFC Finance Limited (532284) currently trades at ₹24.88, while our model-based Fair Value estimate is ₹51.62, implying the stock looks roughly 107.5% undervalued today. The Quality Score stands at 56/100 (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: low), always confirm before acting.

Over the trailing twelve months, TCFC Finance Limited generated revenue of ₹44.0M at a net margin of 68.1%. Revenue grew 146.4% year over year. It earns a return on equity of 3.4%. Net debt stands at ₹6.8M. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹38.72 (bear case) to ₹64.53 (bull case); at ₹24.88, 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 56% below its 52-week high and 11% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial peers we cover trades at -33% fair-value upside, at 107%, 532284 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/B Multiple ₹65.21 ₹86.95 ₹108.69 55
NCAV (Graham) ₹51.15 ₹68.54 ₹102.29 50
All 2 models by family
Multiples
P/B Multiple ₹65.21 ₹86.95 ₹108.69 55
Asset-Based
NCAV (Graham) ₹51.15 ₹68.54 ₹102.29 50

Widest divergence: Multiples (₹86.95) versus Asset-Based (₹68.54). Highest evidence: P/B Multiple (55).

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Key figures & financial health

Revenue (TTM) ₹44.0M
Revenue growth (YoY) +146%
Net margin 68.1%
Return on equity 3.4%
Free cash flow −₹16.0M FY2026
P/E ratio 9.8 as of Jul 4, 2026
More key figures
Operating margin 79.2%
EPS (TTM) ₹2.85
EPS growth (YoY) +194%
Net debt ₹6.8M FY2026

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 47 · Market factors (momentum, volatility) 26

Profitability 6
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 100
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.

About the company

TCFC Finance Limited operates as a non-banking finance company in India. It offers finance services; invests and trades in equity shares, mutual funds, debt securities, etc.; and invests in real estate, as well as involved in initial public offers of companies. The company was incorporated in 1990 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

TCFC Finance Limited reported revenue of ₹33.0M in FY2026 versus ₹73.4M in FY2022, a compound −18.1%/yr. Reported net income was −₹18.2M in FY2026.

Growth Quality 17/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹33.0M
Latest YoY
+42.6%
Avg. 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.
−22.3%
Avg. 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.
−28.7%
Revenue −18.1%/yr
FY22 ₹73.4M
FY23 ₹18.6M
FY24 ₹175M
FY25 ₹23.1M
FY26 ₹33.0M
Net income
FY22 ₹61.8M
FY23 ₹6.0M
FY24 ₹123M
FY25 ₹12.2M
FY26 −₹18.2M

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Cite: Fair Value Calculator (2026). "TCFC Finance Limited Fair Value". https://www.fairvalue-calculator.com/stock/532284

Peer Group

Asset Management · 701 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 55 · Below median
Fair Value upside +108% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 2% · Above median
Net margin (TTM) 68% · Top 25%
Operating margin (TTM) 79% · Above median
Revenue growth 146% · Top 25%
Dividend yield (TTM) 10.1% · Top 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than median
P/B 0.17× · Cheaper than 75% of peers
P/S (TTM) 4.23× · Pricier than median
EV/EBITDA 5.2× · Cheaper 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.

VALUE 100 · sector 37
FUTURE 100 · sector 13
PAST 14 · sector 24
HEALTH 0 · sector 95
DIVIDEND 100 · sector 85

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
BlackRock, Inc BLK $1,161 $465.75 -60%
Blackstone Inc BX $146.41 $52.88 -64%
Investor AB INVEB kr 417.90 kr 835.80 +100%
AB Industrivärden INDUA kr 544.00 kr 375.93 -31%
ICICIAMC ICICIAMC ₹3,077 ₹1,132 -63%
Jio Financial Services Limited JIOFIN ₹256.05 ₹171.84 -33%
Hedef Holding HEDEF 267.25 TRY 321.44 TRY +20%
Bajaj Holdings BAJAJHLDNG ₹11,294 ₹11,257 -0%
HDFC Asset Management Company HDFCAMC ₹2,490 ₹866.78 -65%
Nippon Life Asset Management Limited NAMINDIA ₹1,182 ₹311.00 -74%

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Frequently asked questions

Is TCFC Finance Limited (532284) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹51.62 versus a price of ₹24.88, about +107% (undervalued).
What is the fair value of 532284?
Our model-based fair value for TCFC Finance Limited is ₹51.62 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹24.88.
What is the quality score of 532284?
TCFC Finance Limited has a Quality Score of 56/100. 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 TCFC Finance Limited (532284)?
TCFC Finance Limited reported trailing-twelve-month revenue of about ₹44.0M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 532284?
The net profit margin of TCFC Finance Limited is about 68.1%, meaning it keeps roughly 68.1% 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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