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BLB Limited (BLBLIMITED) Fair Value & Analysis

Financial Services · IN · Market cap ₹864M (≈ $9.2M) · ISIN INE791A01024

What is BLB Limited really worth?

BL BLB Limited BLBLIMITED · BSE
Price₹16.89
Fair Value₹32.70
Upside+93.6%
Quality73/100

A solid business, trading 48% below our fair value of ₹32.70.

As of Aug 19, 2026, the fair value of BLB Limited is ₹32.70 per share against a price of ₹16.89, so the fair value sits 94% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow

Risks

!Mixed Growth (revenue 5y +6.8 %/yr)
!Thin margins · 4.5% net margin
!Moderate moat 64/100
!Evidence only low, so the estimate is less certain
!The models disagree: range ₹18.54 to ₹73.39
Evidence: Low Range ₹18.54 – ₹73.39

Fair value as of: Aug 19, 2026

From 11 valuation models · updated 18 days ago

Share price +8.3% over the past month.

What runs behind every stock

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

What matters now

  • The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (₹18.54). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (₹18.54 to ₹73.39). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

₹52.50 ₹6.40 Fair Value ₹32.70 May 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹6.40 – ₹52.50 · fair‑value band ₹18.54 – ₹73.39 · the ₹16.89 price screens below the ₹32.70 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

BLB Limited (BLBLIMITED) currently trades at ₹16.89, while our model-based Fair Value estimate is ₹32.70, implying the stock looks roughly 48.3% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Financial Services sector. Bull case: the Earnings-Based group reads highest at a median of ₹207.63 per share, and 10 of the 11 models we run sit above the ₹16.89 price. Bear case: the Asset-Based group reads lowest at ₹16.52, and 1 of the 11 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, BLB Limited generated revenue of ₹7.5B at a net margin of 4.5%. Revenue grew 21.4% year over year. It earns a return on equity of 29.3%. Net debt stands at ₹34.6M. Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹18.54 (bear case) to ₹73.39 (bull case); at ₹16.89, 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 25% below its 52-week high and 36% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −37% fair-value upside, at 94%, BLBLIMITED screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹2.74 per share, which is 8.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Growth DCF best evidence ₹36.87 ₹62.33 ₹102.33 76
Owner Earnings ₹81.03 ₹165.88 ₹323.31 72
Rev-Margin DCF ₹74.96 ₹142.60 ₹282.58 68
All 11 models by family
DCF Models
Owner Earnings ₹81.03 ₹165.88 ₹323.31 72
5Y P/E Exit ₹56.34 ₹127.15 ₹224.22 67
10Y P/E Exit ₹50.83 ₹115.39 ₹222.58 60
Earnings-Based
Graham-Dodd ₹42.86 ₹298.91 ₹419.48 63
Lynch FV ₹145.34 ₹207.63 ₹269.91 61
Multiples
P/E Multiple ₹61.46 ₹81.94 ₹102.43 63
P/B Multiple ₹25.88 ₹34.51 ₹43.14 55
Asset-Based
NCAV (Graham) ₹12.33 ₹16.52 ₹24.65 54
Growth DCF
Growth DCF best evidence ₹36.87 ₹62.33 ₹102.33 76
Rev-Margin DCF ₹74.96 ₹142.60 ₹282.58 68
Economic Profit
Residual Income ₹36.61 ₹49.57 ₹237.49 58

Widest divergence: Earnings-Based (₹207.63) versus Asset-Based (₹16.52). Highest evidence: Growth DCF (76).

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Key figures & financial health

P/E ratio 2.7
P/S ratio 0.12 P/E × margin
EPS (TTM) ₹6.30 price ÷ EPS = P/E 2.7
Net margin 4.5% FY2026
Return on equity 29.3% TTM
Return on assets (EBIT) 11.6% avg 5y
More key figures
Profitability
Operating margin 9.4% TTM
Growth
Revenue (TTM) ₹7.5B TTM
Revenue growth (YoY) +21.4% 3y avg +50.3%
EPS growth (YoY) +191%
Balance sheet & cash flow
Free cash flow ₹145M FY2026
Net debt ₹34.6M FY2022 · ≈ 0.2 yrs of FCF

Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 73/100

Of which business quality 70 · Market factors (momentum, volatility) 49

Profitability 75
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 44
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

BLB Limited invests and trades in shares, securities, and commodities primarily in India. The company was founded in 1965 and is based in New Delhi, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

BLB Limited reported revenue of ₹7.4B in FY2026 versus ₹3.5B in FY2022, a compound +20.4%/yr. Reported net income was ₹333M in FY2026, compounding +37.2%/yr from FY2022.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹7.4B
Latest YoY
+38.6%
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.
+50.3%
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.
+6.8%
Avg. revenue growth/yr (7Y) 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.
+21.3%
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.
≈ +44.6% (approximate, leans on 2026) · in INR
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+44.6%
Dividend yield0.0%
Operating margin (EBIT) 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.0.6% (2021) → 5.7% (2026) · rising
Worst earnings drop68% (2024) · in INR
⚠ Rate leans on 2026: that final year sits 763% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +20.4%/yr
FY22 ₹3.5B
FY23 ₹2.2B
FY24 ₹3.1B
FY25 ₹5.4B
FY26 ₹7.4B
Net income +37.2%/yr
FY22 ₹94.2M
FY23 ₹60.5M
FY24 ₹26.1M
FY25 ₹38.6M
FY26 ₹333M

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Cite: Fair Value Calculator (2026). "BLB Limited Fair Value". https://www.fairvalue-calculator.com/stock/BLBLIMITED.BSE

Peer Group

Capital Markets · 455 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 72 · Top 25%
Fair Value upside +94% · Top 25%
Return on equity (TTM) 29% · Top 25%
Return on assets 29% · Top 25%
Net margin (TTM) 4% · Below median
Operating margin (TTM) 9% · Below median
Revenue growth 21% · Above median
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 2.7× · Cheaper than 75% of peers
P/B 0.66× · Cheaper than median
P/S (TTM) 0.12× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 8.4× · Cheaper than median

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 (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $214.77 $138.97 −35%
The Goldman Sachs Group GS $1,034 $756.89 −27%
The Charles Schwab Corporation SCHW $110.16 $66.17 −40%
Robinhood Markets, Inc HOOD $104.26 $30.94 −70%
Macquarie Group MQG A$251.87 A$75.58 −70%
CITIC Securities Company 600030 ¥27.93 ¥17.68 −37%
Guotai Haitong Securities Co 601211 ¥17.87 ¥18.62 +4%
East Money Information Co 300059 ¥19.42 ¥4.77 −75%
CSC Financial Co 601066 ¥25.78 ¥14.17 −45%
Huatai Securities Co 601688 ¥19.56 ¥19.26 −2%

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Frequently asked questions

Is BLB Limited (BLBLIMITED) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹32.70 versus a price of ₹16.89, about +94% upside (undervalued).
What is the fair value of BLBLIMITED?
Our model-based fair value for BLB Limited is ₹32.70 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹16.89.
What is the quality score of BLBLIMITED?
BLB Limited has a Quality Score of 73/100. 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 BLB Limited (BLBLIMITED)?
Our model-based price target is the fair value of ₹32.70 (as of Aug 19, 2026) from 11 valuation models. Cautious scenario ₹18.54, optimistic scenario ₹73.39. It is a calculation from audited fundamentals, not an analyst target.
What is the BLB Limited stock forecast for 2026?
Our models put fair value at ₹32.70, about +94% upside versus a price of ₹16.89 (undervalued). Cautious scenario ₹18.54, optimistic scenario ₹73.39. The calculation is refreshed regularly with new filings.
What is the revenue of BLB Limited (BLBLIMITED)?
BLB Limited reported trailing-twelve-month revenue of about ₹7.5B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of BLBLIMITED?
The net profit margin of BLB Limited is about 4.5%, meaning it keeps roughly 4.5% of revenue as net income. Based on the latest reported figures.
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