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CSL Finance Limited (CSLFINANCE) Fair Value & Analysis

Financial Services · IN · Market cap ₹5.1B

CF CSL Finance Limited CSLFINANCE · NSE
Price₹224.18
Fair Value₹425.92
Upside+90.0%
Quality59/100
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Mixed Growth
Highly profitable · 33.5% net margin
Moderate debt · generates free cash flow
1.31% dividend yield
Ranks above peers (12/14)
Wide moat 73/100
Evidence: High Range ₹216.19 – ₹593.49 Share as image

Fair value as of: Aug 2, 2026

From 13 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹451.94 to ₹425.92 (−5.8%) since Jun 29, 2026. Share price −0.9% over the past month.

A solid business, screening 90% undervalued on our models.

What matters now

  • The model range is unusually wide (₹216.19 to ₹593.49). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid quality (59/100) 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 (4 years)

₹513.83 ₹189.12 Fair Value ₹425.92 Jul 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

49‑month range ₹189.12 – ₹513.83 · fair‑value band ₹216.19 – ₹593.49 · the ₹224.18 price screens below the ₹425.92 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

CSL Finance Limited (CSLFINANCE) currently trades at ₹224.18, while our model-based Fair Value estimate is ₹425.92, implying the stock looks roughly 90.0% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Financial Services 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, CSL Finance Limited generated revenue of ₹2.6B at a net margin of 33.5%. Revenue grew 22.1% year over year. It earns a return on equity of 14.8%. Net debt stands at ₹7.6B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹216.19 (bear case) to ₹593.49 (bull case); at ₹224.18, 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 35% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -41% fair-value upside, at 90%, CSLFINANCE 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
Growth DCF ₹268.82 ₹816.42 ₹1,819 80
Residual Income ₹263.90 ₹337.35 ₹935.20 76
Rev-Margin DCF ₹174.46 ₹483.33 74
All 13 models by family
DCF Models
Owner Earnings ₹231.26 ₹921.58 ₹2,315 31
5Y P/E Exit ₹105.63 ₹511.46 ₹1,022 38
10Y P/E Exit ₹162.48 ₹581.56 ₹1,273 35
Earnings-Based
Graham-Dodd ₹260.39 ₹1,810 ₹2,540 54
Lynch FV ₹533.95 ₹762.79 ₹991.62 50
Dividend Discount
Gordon GGM ₹26.69 ₹53.19 ₹80.54 70
DDM Multi-Stage ₹26.69 ₹45.97 ₹56.14 61
Multiples
P/E Multiple ₹373.35 ₹497.80 ₹622.25 63
P/B Multiple ₹290.23 ₹386.97 ₹483.72 55
Asset-Based
NCAV (Graham) ₹138.20 ₹185.19 ₹276.41 50
Growth DCF
Growth DCF ₹268.82 ₹816.42 ₹1,819 80
Rev-Margin DCF ₹174.46 ₹483.33 74
Economic Profit
Residual Income ₹263.90 ₹337.35 ₹935.20 76

Widest divergence: Earnings-Based (₹762.79) versus Dividend Discount (₹45.97). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹2.6B
Revenue growth (YoY) +22.1%
Net margin 33.5%
Return on equity 14.8%
Free cash flow ₹967M FY2026
P/E ratio 6.1
More key figures
Operating margin 76.8%
EPS (TTM) ₹37.51
Dividend yield 1.3%
EPS growth (YoY) +2.7%
Net debt ₹7.6B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 58 · Market factors (momentum, volatility) 35

Profitability 45
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 34
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 71
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

CSL Finance Limited, a non-banking financial company, provides SME and wholesale loaning businesses in India. It offers structured finance for real estate developers, such as loans against property and securities; loan for small builders, including construction finance, refinance and inventory funding, and partner with developers; corporate loans, which …

Full company description

CSL Finance Limited, a non-banking financial company, provides SME and wholesale loaning businesses in India. It offers structured finance for real estate developers, such as loans against property and securities; loan for small builders, including construction finance, refinance and inventory funding, and partner with developers; corporate loans, which include construction linked disbursal plan and principal moratorium facility; and emergency credit line guarantee scheme. The company was formerly known as Consolidated Securities Limited and changed its name to CSL Finance Limited in January 2016. The company was incorporated in 1992 and is based in Noida, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

CSL Finance Limited reported revenue of ₹2.5B in FY2026 versus ₹722M in FY2022, a compound +36.8%/yr. Reported net income was ₹861M in FY2026, compounding +26.7%/yr from FY2022.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹2.5B
Latest YoY
+20.4%
Avg. 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. 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.
+32.7%
Avg. growth/yr (18Y) 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.
+2.1%
Revenue +36.8%/yr
FY22 ₹722M
FY23 ₹1.1B
FY24 ₹1.6B
FY25 ₹2.1B
FY26 ₹2.5B
Net income +26.7%/yr
FY22 ₹334M
FY23 ₹456M
FY24 ₹634M
FY25 ₹721M
FY26 ₹861M
Character of growth · EPS growth decomposed (2015-2026) +15.4 % p.a.
Revenue per share +11.2 pp

of which total revenue +17.3 pp · buybacks/dilution −6.1 pp

EBIT margin +3.0 pp
Tax rate +1.0 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Credit Services · 334 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 60 · Above median
Fair Value upside +90% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 34% · Above median
Operating margin (TTM) 77% · Top 25%
Revenue growth 22% · Above median
Dividend yield (TTM) 1.3% · Below median
Debt / equity 1.37× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 6.1× · Cheaper than 75% of peers
P/B 0.82× · Cheaper than median
P/S (TTM) 1.99× · Cheaper than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 6.4× · 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 39
FUTURE 100 · sector 39
PAST 59 · sector 32
HEALTH 31 · sector 59
DIVIDEND 26 · sector 49

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is CSL Finance Limited (CSLFINANCE) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹425.92 versus a price of ₹224.18, about +90% (undervalued).
What is the fair value of CSLFINANCE?
Our model-based fair value for CSL Finance Limited is ₹425.92 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹224.18.
What is the quality score of CSLFINANCE?
CSL Finance 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 revenue of CSL Finance Limited (CSLFINANCE)?
CSL Finance Limited reported trailing-twelve-month revenue of about ₹2.6B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of CSLFINANCE?
The net profit margin of CSL Finance Limited is about 33.5%, meaning it keeps roughly 33.5% of revenue as net income. Based on the latest reported figures.
Does CSL Finance Limited pay a dividend?
CSL Finance Limited currently shows a dividend yield of about 1.31% relative to its recent price (as of Aug 2, 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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