Goblin India Ltd (GOBLIN) fair value: what the stock is really worth
We calculate from audited financials what Goblin India Ltd 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, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
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Consumer Cyclical · IN · Market cap ₹116M (≈ $1.2M) · ISIN INE492Z01018
At a glance
GIGoblin India LtdGOBLIN · BSE
Price₹12.76
Fair Value₹15.40
Upside+20.7%
Quality46/100
Below-average quality, trading 17% below our fair value of ₹15.40.
As of Sep 3, 2026, the fair value of Goblin India Ltd is ₹15.40 per share against a price of ₹12.76, so the fair value sits 21% above the price. A model estimate from reported figures, not an analyst target.
!Mixed Growth (revenue 5y +7.0 %/yr)
!Thin margins · 4.2% net margin
✓Low debt · generates free cash flow
✓Ranks above peers (8/13)
!Narrow moat 35/100
!Evidence only low, so the estimate is less certain
!Weak on future: 2 out of 100
!Weak on past: 21 out of 100
Evidence: LowRange ₹10.78 to ₹22.84
Fair value as of: Sep 3, 2026
From 24 valuation models · updated 6 days ago
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What matters now
Solid quality (46/100) at a price below fair value, the discount is the argument here, not the business quality.
A fairly wide model range (₹10.78 to ₹22.84) leaves room in how you read the outcome.
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range ₹6.00 – ₹89.05 · fair‑value band ₹10.78 – ₹22.84 · the ₹12.76 price screens below the ₹15.40 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 3, 2026.
Goblin India Ltd (GOBLIN) currently trades at ₹12.76, while our model-based Fair Value estimate is ₹15.40, implying the stock looks roughly 17.1% undervalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Growth Earnings group reads highest at a median of ₹28.50 per share, and 20 of the 24 models we run sit above the ₹12.76 price. Bear case: the Growth DCF group reads lowest at ₹3.84, and 4 of the 24 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Goblin India Ltd generated revenue of ₹554M at a net margin of 4.2%. Revenue grew 0.3% year over year. It earns a return on equity of 5.2%. Net debt stands at ₹126M. Fundamentals as of Sep 3, 2026
Scenario range: ₹10.78 (bear) to ₹22.84 (bull), the price of ₹12.76 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 42% below its 52-week high and 114% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at 21%, GOBLIN screens richer than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (₹1.15 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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
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Key figures & financial health
P/E ratio7.6
P/S ratio0.32P/E × margin
EPS (TTM)₹1.67price ÷ EPS = P/E 7.6
Net margin4.2%FY2025
Return on equity5.2%TTM
Return on assets (EBIT)3.2%avg 5y
More key figures
Profitability
Operating margin3.7%TTM
Growth
Revenue (TTM)₹554MTTM
Revenue growth (YoY)+0.3%3y avg +15.2%
EPS growth (YoY)−52.4%
Balance sheet & cash flow
Free cash flow₹9.8MFY2025
Net debt₹126MFY2025 · ≈ 12.9 yrs of FCF
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality46/100
Of which business quality 45
· Market factors (momentum, volatility) 47
Profitability32
Margins and returns on capital today
Quality Growth38
Are margins and returns improving?
Cashflow34
Earnings quality: real cash, not paper profit
Fin. Strength46
Balance sheet, leverage, solvency risk
Investment66
Disciplined investing over empire-building
Low Volatility50
Calm price path (market factor)
Momentum61
Price trend over the last 3–12 months (market factor)
52W Momentum21
Distance to the 52-week high (market factor)
Net Issuance70
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
Goblin India Limited engages in the import and trading of luggage bags, travel accessories, and corporate gifts in India. The company offers backpacks, handbags, purses, and other accessories. It distributes its products through retail and as e-commerce platforms.
Full company description
Goblin India Limited engages in the import and trading of luggage bags, travel accessories, and corporate gifts in India. The company offers backpacks, handbags, purses, and other accessories. It distributes its products through retail and as e-commerce platforms. The company was formerly known as Camex Tradelink Limited and changed its name to Goblin India Limited in August 2015. Goblin India Limited was incorporated in 1989 and is based in Ahmedabad, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Goblin India Ltd reported revenue of ₹554M in FY2025 versus ₹188M in FY2021, a compound +31.1%/yr. Reported net income was ₹23.1M in FY2025.
Growth Quality 60/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
₹554M
Latest YoY
+0.1%
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.
+15.2%
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.
+7.0%
Avg. revenue growth/yr (9Y) ⓘ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.
+0.6%
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.
−16.3%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−16.3%
Dividend yield0.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −16.3% vs 10Y 10.7%, flattening
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.8.4% (2020) → 5.4% (2025) · falling
Worst earnings drop146% (2020) (loss year, drop beyond 100%) · in INR
⚠ Revenue per share shrinking 5.2%/yr over ~7Y (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.
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). "Goblin India Ltd Fair Value". https://www.fairvalue-calculator.com/stock/GOBLIN
Peer Group
Footwear & Accessories · 94 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.
Valuation
Quality Score46 · Below median
Fair Value upside−84% · Bottom 25%
Profitability
Return on equity (TTM)5% · Below median
Return on assets2% · Below median
Net margin (TTM)4% · Above median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth0% · Above median
Balance sheet
Debt / equity0.18× · Above median
Valuation Multiples vs Footwear & Accessories median · lower = cheaper
P/E (TTM)7.6× · Cheapest 25%
P/B0.25× · Cheapest 25%
P/S (TTM)0.21× · Cheapest 25%
P/FCF0.1× · Cheapest 25%
EV/EBITDA5.1× · Cheaper than median
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Goblin India Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+24.3 % per year
Achieved revenue growth, 5 years+7.0 % p.a.
Sector median revenue growth+2.6 %
FCF yield on price5.54 %
Discount rate (WACC) in the models15.4 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
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.
This stockSector peers
VALUE61· sector 8
FUTURE2· sector 0
PAST21· sector 22
HEALTH91· sector 96
DIVIDEND0· sector 48
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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
Is Goblin India Ltd (GOBLIN) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of ₹15.40 versus a price of ₹12.76, about +21% upside (undervalued).
What is the fair value of GOBLIN?
Our model-based fair value for Goblin India Ltd is ₹15.40 (as of Sep 3, 2026), built from audited fundamentals. The current price: ₹12.76.
What is the quality score of GOBLIN?
Goblin India Ltd has a Quality Score of 46/100. 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 Goblin India Ltd (GOBLIN)?
Our model-based price target is the fair value of ₹15.40 (as of Sep 3, 2026) from 24 valuation models. Cautious scenario ₹10.78, optimistic scenario ₹22.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Goblin India Ltd stock forecast for 2026?
Our models put fair value at ₹15.40, about +21% upside versus a price of ₹12.76 (undervalued). Cautious scenario ₹10.78, optimistic scenario ₹22.84. The calculation is refreshed regularly with new filings.
What is the revenue of Goblin India Ltd (GOBLIN)?
Goblin India Ltd reported trailing-twelve-month revenue of about ₹554M (latest available figure, as of Sep 3, 2026).
What is the net profit margin of GOBLIN?
The net profit margin of Goblin India Ltd is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
What growth is priced into Goblin India Ltd (GOBLIN)?
For today's price to be fair in a discounted-cash-flow model, Goblin India Ltd would have to grow free cash flow by +24.3 % per year for ten years (discount rate 15.4 %, then 2 % perpetual growth). Over the last 5 years revenue grew +7.0 % per year. As of Sep 3, 2026.
What discount rate (WACC) does the fair value of GOBLIN use?
Our models discount Goblin India Ltd at 15.4 %: a base by market capitalisation (micro), country premium for India. The same rate applies in all 26 models.
What is the intrinsic value of Goblin India Ltd (GOBLIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Goblin India Ltd it is ₹15.40 per share (as of Sep 3, 2026), against a price of ₹12.76. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Goblin India Ltd stock overvalued or undervalued in 2026?
As of Sep 3, 2026, GOBLIN trades below its calculated fair value: price ₹12.76, fair value ₹15.40, a gap of about +21% (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 GOBLIN?
No. The price is what the market pays today (₹12.76); the fair value is what the company's own numbers justify (₹15.40). For Goblin India Ltd the two are ₹2.64 per share apart. That gap is exactly why we show both numbers side by side.
How much is Goblin India Ltd worth?
The market values Goblin India Ltd at about ₹116M (market capitalisation, as of Sep 3, 2026). Per share that is ₹12.76; our models calculate a fair value of ₹15.40 per share.
What do the bullish and bearish scenarios say about GOBLIN?
Our models span a range for Goblin India Ltd: cautious scenario ₹10.78, base ₹15.40, optimistic ₹22.84 per share (as of Sep 3, 2026, price ₹12.76). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GOBLIN?
Goblin India Ltd trades at a price-to-earnings ratio of 7.6 (as of Sep 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹15.40 is built from several models across several years. Other multiples: P/B 0.3, P/S 0.2, EV/EBITDA 5.1.
How solid is the balance sheet of Goblin India Ltd (GOBLIN)?
Balance-sheet figures for Goblin India Ltd (as of Sep 3, 2026): return on equity 5.2%, debt of 0.18 per unit of equity. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is GOBLIN from its 52-week high?
Goblin India Ltd trades at ₹12.76, about 42% below its 52-week high of ₹21.94 and 114% above the low of ₹5.95 (as of Sep 3, 2026). Distance from the high says nothing about value: that is what the fair value of ₹15.40 is for.
Which stocks are comparable to Goblin India Ltd?
From the same area (Consumer Cyclical) we also value NIKE, Inc, Deckers Outdoor Corporation, On Holding, Zhejiang China Commodities City Group, 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 Goblin India Ltd stock attractive at the current price?
The data as of Sep 3, 2026: price ₹12.76, calculated fair value ₹15.40 (+21%), Quality Score 46/100, from 24 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 GOBLIN calculated?
We run Goblin India Ltd through 24 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 ₹15.40, with the spread shown as a cautious and an optimistic scenario.
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