ESARIND fair value: what the stock is really worth
We calculate from audited financials what ESARIND is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹1.65 – ₹19.68 · fair‑value band ₹10.07 – ₹48.97 · the ₹11.65 price screens below the ₹23.30 fair value. Dashed = 300-day average. As of Sep 13, 2026.
ESARIND (ESARIND) currently trades at ₹11.65, while our model-based Fair Value estimate is ₹23.30, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹188.82 per share, and 8 of the 8 models we run sit above the ₹11.65 price.
Bear case: the Asset-Based group reads lowest at ₹12.96, and 0 of the 8 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹10.07 (bear) to ₹48.97 (bull), the price of ₹11.65 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Financial sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
ESARIND reported revenue of ₹407M in FY2026 versus ₹90.0M in FY2022, a compound +45.8%/yr. Reported net income was ₹111M in FY2026, compounding −14.7%/yr from FY2022.
Key figures
Market cap ₹257M (≈ $2.7M) · P/E ratio 2.1 · P/S ratio 0.58 · EPS (TTM) ₹5.45 · Net margin 27.4% · Return on equity 35.4% · Return on assets (EBIT) 9.1% · Operating margin 58.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial peers we cover trades at −15% fair-value upside, at 100%, ESARIND screens cheaper than that median.
Fair Value models
Bear ₹10.07Fair Value ₹23.30Bull ₹48.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 5 months old). Earnings retained since then (₹2.49 per share) are deliberately not added.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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+175.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+28.4%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+12.4%
Revenue growth 7 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−11.8%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+44.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+44.4%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.4% → 60%
⚠ Revenue per share shrinking 31.5%/yr over ~5Y (margins eroding too) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
A lot of optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
more than +80 %
Yearly growth needed for the next five years to justify today's price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.)Financials · 3323 stocks
Beats the sector median on 11/12 measures
Overall it ranks above its sector peers.
Valuation
Quality Score68 · Top 25%
Profitability
Return on equity (TTM)35% · Top 25%
Return on assets14% · Top 25%
Net margin (TTM)63% · Top 25%
Operating margin (TTM)62% · Top 25%
Growth and dividend
Revenue growth281% · Top 25%
Balance sheet
Debt / equity1.19× · Highest 25%
Valuation Multiplesvs Financials median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "ESARIND Fair Value". https://www.fairvalue-calculator.com/stock/ESARIND
Frequently asked questions
Is ESARIND overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹23.30 versus a price of ₹11.65, about +100% upside (undervalued).
What is the fair value of ESARIND?
Our model-based fair value for ESARIND is ₹23.30 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹11.65.
What is the quality score of ESARIND?
ESARIND has a Quality Score of 69/100. 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 ESARIND?
Our model-based price target is the fair value of ₹23.30 (as of Sep 13, 2026) from 8 valuation models. Cautious scenario ₹10.07, optimistic scenario ₹48.97. It is a calculation from audited fundamentals, not an analyst target.
What is the ESARIND stock forecast for 2026?
Our models put fair value at ₹23.30, about +100% upside versus a price of ₹11.65 (undervalued). Cautious scenario ₹10.07, optimistic scenario ₹48.97. The calculation is refreshed regularly with new filings.
What is the revenue of ESARIND?
ESARIND reported trailing-twelve-month revenue of about ₹418M (latest available figure, as of Sep 13, 2026).
What growth is priced into ESARIND?
For today's price to be fair in a discounted-cash-flow model, ESARIND would have to grow free cash flow by more than 80 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +12.4 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of ESARIND use?
Our models discount ESARIND at 12.4 %: a base by market capitalisation (nano), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For ESARIND that is more than 80 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has ESARIND delivered so far?
Over the past 5 years revenue at ESARIND grew +12.4 % a year. The price currently implies more than 80 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
What is the free cash flow yield of ESARIND?
The free-cash-flow yield on the price is 0.91 %: that much free cash flow ESARIND produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of ESARIND?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ESARIND it is ₹23.30 per share (as of Sep 13, 2026), against a price of ₹11.65. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is ESARIND stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ESARIND trades below its calculated fair value: price ₹11.65, fair value ₹23.30, a gap of about +100% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ESARIND?
No. The price is what the market pays today (₹11.65); the fair value is what the company's own numbers justify (₹23.30). For ESARIND the two are ₹11.65 per share apart. That gap is exactly why we show both numbers side by side.
How much is ESARIND worth?
The market values ESARIND at about ₹257M (market capitalisation, as of Sep 13, 2026). Per share that is ₹11.65; our models calculate a fair value of ₹23.30 per share.
What do the bullish and bearish scenarios say about ESARIND?
Our models span a range for ESARIND: cautious scenario ₹10.07, base ₹23.30, optimistic ₹48.97 per share (as of Sep 13, 2026, price ₹11.65). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ESARIND?
ESARIND trades at a price-to-earnings ratio of 2.1 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹23.30 is built from several models across several years. Other multiples: P/B 0.7, P/S 0.5, EV/EBITDA 1.6.
How solid is the balance sheet of ESARIND?
Balance-sheet figures for ESARIND (as of Sep 13, 2026): return on equity 35.4%, debt of 1.19 per unit of equity. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is ESARIND from its 52-week high?
ESARIND trades at ₹11.65, about 42% below its 52-week high of ₹20.07 and 52% above the low of ₹7.66 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹23.30 is for.
Which stocks are comparable to ESARIND?
From the same area (Financial) we also value Religare Enterprises Limited, Arihant Capital Markets Limited, IndiaNivesh Limited, ODYCORP, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is ESARIND stock attractive at the current price?
The data as of Sep 13, 2026: price ₹11.65, calculated fair value ₹23.30 (+100%), Quality Score 69/100, from 8 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ESARIND calculated?
We run ESARIND through 8 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹23.30, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. ESARIND currently trades 100 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with ESARIND right now?
The model range is unusually wide (₹10.07 to ₹48.97). 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. Solid quality (69/100) 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.
Key figures of ESARIND
How large is the market capitalisation of ESARIND?
The market capitalisation of ESARIND is ₹257M (≈ $2.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of ESARIND?
The price-to-sales ratio of ESARIND is 0.58 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of ESARIND?
Earnings per share at ESARIND are ₹5.45 (price ÷ EPS = P/E 2.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of ESARIND?
The net margin of ESARIND is 27.4% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of ESARIND?
The return on equity (ROE) of ESARIND is 35.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of ESARIND?
On an EBIT basis the return on assets of ESARIND is 9.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of ESARIND?
The operating margin of ESARIND is 58.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ESARIND?
Revenue at ESARIND is growing +108% versus a year earlier (3y avg +28.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does ESARIND carry?
The net debt of ESARIND is ₹467M (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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