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Last Mile Enterprises Ltd (LASTMILE) Fair Value & Analysis

Industrials · IN · Market cap ₹2.8B

LM Last Mile Enterprises Ltd LASTMILE · BSE
Price₹5.43
Fair Value₹7.45
Upside+37.2%
Quality42/100
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Mixed Growth
Thin margins · 0.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 19/100
Evidence: High Range ₹5.59 – ₹9.31 Share as image

Fair value as of: Aug 19, 2026

From 25 valuation models · updated today

Below-average quality, screening 37% undervalued on our models.

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What matters now

  • The large discount to fair value meets weak quality (42/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹5.59). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

₹96.03 ₹1.20 Fair Value ₹7.45 Jan 2016 Aug 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 ₹1.20 – ₹96.03 · fair‑value band ₹5.59 – ₹9.31 · the ₹5.43 price screens below the ₹7.45 fair value. Dashed = 300-day average. As of Aug 19, 2026.

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Analysis

Last Mile Enterprises Ltd (LASTMILE) currently trades at ₹5.43, while our model-based Fair Value estimate is ₹7.45, implying the stock looks roughly 37.2% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Industrials 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, Last Mile Enterprises Ltd generated revenue of ₹25.9B at a net margin of 0.5%. Revenue declined 28.1% year over year. It earns a return on equity of 3.9%. Net debt stands at ₹221M. Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹5.59 (bear case) to ₹9.31 (bull case); at ₹5.43, 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 75% below its 52-week high and 97% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -34% fair-value upside, at 37%, LASTMILE 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 ₹7.40 ₹14.52 ₹26.01 80
Residual Income ₹8.02 ₹7.82 ₹6.82 76
ROIC Compounder ₹2.05 ₹2.45 ₹2.80 72
All 25 models by family
DCF Models
FCF DCF ₹7.91 ₹12.44 ₹26.58 38
Owner Earnings ₹4.05 ₹9.58 ₹20.76 31
5Y Revenue Exit ₹4.46 ₹7.49 ₹13.78 39
5Y EBITDA Exit ₹4.90 ₹8.39 ₹15.20 41
5Y P/E Exit ₹7.04 ₹15.98 ₹28.09 38
10Y Revenue Exit ₹5.43 ₹11.13 ₹14.33 36
10Y EBITDA Exit ₹5.89 ₹12.07 ₹22.32 37
10Y P/E Exit ₹7.42 ₹16.57 ₹31.46 35
Earnings-Based
Graham-Dodd ₹3.00 ₹20.93 ₹29.38 54
Lynch FV ₹10.82 ₹15.45 ₹20.09 50
PEG = 1.0 ₹10.82 ₹15.45 ₹20.09 46
EPV ₹2.05 ₹2.45 ₹2.80 59
Dividend Discount
Gordon GGM ₹0.1700 ₹0.3500 ₹0.5200 70
DDM Multi-Stage ₹0.1700 ₹0.3000 ₹0.3600 61
Multiples
P/E Multiple ₹6.95 ₹9.27 ₹11.59 63
P/S Multiple ₹5.63 ₹7.50 ₹9.38 58
P/B Multiple ₹5.63 ₹7.50 ₹9.38 55
EV/EBIT ₹4.02 ₹5.53 ₹7.03 53
EV/EBITDA ₹3.56 ₹4.92 ₹6.27 54
EV/Revenue ₹2.73 ₹4.11 ₹5.49 43
Asset-Based
NCAV (Graham) ₹5.50 ₹7.37 ₹10.99 50
Growth DCF
Growth DCF ₹7.40 ₹14.52 ₹26.01 80
Economic Profit
Residual Income ₹8.02 ₹7.82 ₹6.82 76
ROIC Compounder ₹2.05 ₹2.45 ₹2.80 72
Growth Earnings
Growth-Adj P/E ₹14.15 ₹20.21 ₹26.27 68

Widest divergence: Growth Earnings (₹20.21) versus Dividend Discount (₹0.3000). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹25.9B
Revenue growth (YoY) -28.1%
Net margin 0.5%
Return on equity 3.9%
Free cash flow ₹188M FY2026
P/E ratio 16.0
More key figures
Operating margin 0.5%
EPS (TTM) ₹0.3400
EPS growth (YoY) -42.9%
Net debt ₹221M FY2026

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

Quality Score breakdown

Overall quality 42/100

Of which business quality 47 · Market factors (momentum, volatility) 18

Profitability 37
Margins and returns on capital today
Quality Growth 62
Are margins and returns improving?
Cashflow 44
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 26
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 33
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

Last Mile Enterprises Limited engages in the construction and engineering business activity in India. It is also involved in the supply of mobile accessories, electronic products, and gadgets, such as smart watches, headphones, power banks, speakers, smart eyewear, etc. under the JUST CORSECA brand name, as well as OEM supplier to other brands.

Full company description

Last Mile Enterprises Limited engages in the construction and engineering business activity in India. It is also involved in the supply of mobile accessories, electronic products, and gadgets, such as smart watches, headphones, power banks, speakers, smart eyewear, etc. under the JUST CORSECA brand name, as well as OEM supplier to other brands. The company was formerly known as Trans Financial Resources Limited. Last Mile Enterprises Limited was incorporated in 1994 and is based in Ahmedabad, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Last Mile Enterprises Ltd reported revenue of ₹25.9B in FY2026 versus ₹0 in FY2022. Reported net income was ₹157M in FY2026, compounding +74.3%/yr from FY2022.

Growth Quality 73/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹25.9B
Latest YoY
+570.5%
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.
+272.9%
Revenue
FY22 ₹0
FY23 ₹500M
FY24 ₹1.3B
FY25 ₹3.9B
FY26 ₹25.9B
Net income +74.3%/yr
FY22 ₹17.0M
FY23 ₹45.8M
FY24 ₹24.3M
FY25 ₹180M
FY26 ₹157M

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Cite: Fair Value Calculator (2026). "Last Mile Enterprises Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LASTMILE

Peer Group

Engineering & Construction · 834 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 42 · Below median
Fair Value upside +37% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth -28% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 0.05× · Lower than median

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 16.0× · Cheaper than median
P/B 0.73× · Cheaper than median
P/S (TTM) 0.11× · Cheaper than 75% of peers
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 20.4× · Pricier than 75% of peers

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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE83 · sector 19
FUTURE0 · sector 14
PAST16 · sector 26
HEALTH98 · sector 94
DIVIDEND5 · sector 39

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹4,020 ₹1,994 -50%
Samsung C&T Corporation 028260 357,500 KRW 261,411 KRW -27%
Hyundai Engineering & Construction Co 000720 113,700 KRW 61,453 KRW -46%
Samsung E&A Co 028050 49,300 KRW 43,624 KRW -12%
Rail Vikas Nigam Limited RVNL ₹228.50 ₹48.92 -79%
Daewoo Engineering & Construction Co 047040 18,400 KRW 6,507 KRW -65%
KEPCO Engineering & Construction Company 052690 99,800 KRW 19,346 KRW -81%
GS Engineering & Construction Corporation 006360 35,200 KRW 23,135 KRW -34%
DL E&C Co 375500 73,500 KRW 148,433 KRW +102%
KEPCO Plant Service & Engineering Co 051600 46,350 KRW 43,924 KRW -5%

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Frequently asked questions

Is Last Mile Enterprises Ltd (LASTMILE) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of ₹7.45 versus a price of ₹5.43, about +37% (undervalued).
What is the fair value of LASTMILE?
Our model-based fair value for Last Mile Enterprises Ltd is ₹7.45 (as of Aug 19, 2026), built from audited fundamentals. The current price: ₹5.43.
What is the quality score of LASTMILE?
Last Mile Enterprises Ltd has a Quality Score of 42/100. 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 Last Mile Enterprises Ltd (LASTMILE)?
Last Mile Enterprises Ltd reported trailing-twelve-month revenue of about ₹25.9B (latest available figure, as of Aug 19, 2026).
What is the net profit margin of LASTMILE?
The net profit margin of Last Mile Enterprises Ltd is about 0.5%, meaning it keeps roughly 0.5% 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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