MADHUSUDAN SECURITIES LTD. (MADHUSE) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of MADHUSUDAN SECURITIES LTD. ₹16.74, price ₹18.17, upside -7.9%, quality 35 out of 100. Calculated from audited financials with 26 valuation models and 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 27, 2026.
How to read this chart
60‑month range ₹0.7727 – ₹41.35 · fair‑value band ₹12.56 – ₹20.92 · the ₹18.17 price screens above the ₹16.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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MADHUSUDAN SECURITIES LTD. (MADHUSE) currently trades at ₹18.17, while our model-based Fair Value estimate is ₹16.74, so the stock looks roughly fairly valued today (gap 8.6%).
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹26.32 per share, and 3 of the 4 models we run sit above the ₹18.17 price.
Bear case: the Multiples group reads lowest at ₹17.06, and 1 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹12.56 (bear) to ₹20.92 (bull), the price of ₹18.17 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 35/100 (below-average quality), in the Financials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
MADHUSUDAN SECURITIES LTD. reported revenue of ₹10.9M in FY2026 versus ₹54.2K in FY2022, a compound +276.5%/yr. Reported net income was ₹28.1M in FY2026.
Key figures
Market cap ₹389M (≈ $4.0M) · P/E ratio 13.9 · P/S ratio 35.8 · EPS (TTM) ₹1.31 · Net margin 38.6% · Return on equity 4.4% · Return on assets (EBIT) 0.6% · Operating margin −43.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financials peers we cover trades at 13% fair-value upside, at −8%, MADHUSE screens richer than that median.
Fair Value models
Bear ₹12.56Fair Value ₹16.74Bull ₹20.92
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 6 months old). Earnings retained since then (₹0.6676 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.47/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+1,159.8%
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.
+140.3%
Start year 2021 (pandemic)
’21
’22
’23
’24
’26
Profit margin (trend) ⓘ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.
−884.2% (2021) → 300.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: rate outside our plausibility band
Compare MADHUSUDAN SECURITIES LTD. with another stock
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 Banking & Brokerage” was too small, so the broader sector is used.)Financials · 3215 stocks
Beats the sector median on 6/12 measures
A mixed picture versus its sector peers.
Valuation
Quality Score35 · Bottom 25%
Fair Value upside−7.9% · Below median
Profitability
Return on equity (TTM)4.4% · Below median
Return on assets2.5% · Above median
Net margin (TTM)38.6% · Above median
Operating margin (TTM)−43.8% · Bottom 25%
Growth and dividend
Revenue growth52.2% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 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.
Is MADHUSUDAN SECURITIES LTD. (MADHUSE) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹16.74 versus a price of ₹18.17, about −8% upside (fairly valued).
What is the fair value of MADHUSE?
Our model-based fair value for MADHUSUDAN SECURITIES LTD. is ₹16.74 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹18.17.
What is the quality score of MADHUSE?
MADHUSUDAN SECURITIES LTD. has a Quality Score of 35/100. 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 MADHUSUDAN SECURITIES LTD. (MADHUSE)?
Our model-based price target is the fair value of ₹16.74 (as of Sep 27, 2026) from 4 valuation models. Cautious scenario ₹12.56, optimistic scenario ₹20.92. It is a calculation from audited fundamentals, not an analyst target.
What is the MADHUSUDAN SECURITIES LTD. stock forecast for 2026?
Our models put fair value at ₹16.74, about −8% upside versus a price of ₹18.17 (fairly valued). Cautious scenario ₹12.56, optimistic scenario ₹20.92. The calculation is refreshed regularly with new filings.
What is the intrinsic value of MADHUSUDAN SECURITIES LTD. (MADHUSE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MADHUSUDAN SECURITIES LTD. it is ₹16.74 per share (as of Sep 27, 2026), against a price of ₹18.17. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is MADHUSUDAN SECURITIES LTD. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MADHUSE trades above its calculated fair value: price ₹18.17, fair value ₹16.74, a gap of about −8% (fairly valued). 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 MADHUSE?
No. The price is what the market pays today (₹18.17); the fair value is what the company's own numbers justify (₹16.74). For MADHUSUDAN SECURITIES LTD. the two are ₹1.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is MADHUSUDAN SECURITIES LTD. worth?
The market values MADHUSUDAN SECURITIES LTD. at about ₹389M (market capitalisation, as of Sep 27, 2026). Per share that is ₹18.17; our models calculate a fair value of ₹16.74 per share.
What do the bullish and bearish scenarios say about MADHUSE?
Our models span a range for MADHUSUDAN SECURITIES LTD.: cautious scenario ₹12.56, base ₹16.74, optimistic ₹20.92 per share (as of Sep 27, 2026, price ₹18.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MADHUSE?
MADHUSUDAN SECURITIES LTD. trades at a price-to-earnings ratio of 13.9 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹16.74 is built from several models across several years. Other multiples: P/B 0.5, P/S 5.3, EV/EBITDA 5.9.
How solid is the balance sheet of MADHUSUDAN SECURITIES LTD. (MADHUSE)?
Balance-sheet figures for MADHUSUDAN SECURITIES LTD. (as of Sep 27, 2026): return on equity 4.4%, debt of 0.00 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is MADHUSE from its 52-week high?
MADHUSUDAN SECURITIES LTD. trades at ₹18.17, about 33% below its 52-week high of ₹27.09 and 19% above the low of ₹15.23 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹16.74 is for.
Which stocks are comparable to MADHUSUDAN SECURITIES LTD.?
From the same area (Financials) we also value AJCON, MKTCREAT, MODRNSH, IM+ Capitals Limited, 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 MADHUSUDAN SECURITIES LTD. stock attractive at the current price?
The data as of Sep 27, 2026: price ₹18.17, calculated fair value ₹16.74 (−8%), Quality Score 35/100, from 4 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 MADHUSE calculated?
We run MADHUSUDAN SECURITIES LTD. through 4 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 ₹16.74, 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 14.5 % above its aggregate fair value. MADHUSUDAN SECURITIES LTD. itself currently trades above fair value. 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 is the share price of MADHUSUDAN SECURITIES LTD. (MADHUSE)?
The closing price on Oct 1, 2026 was ₹18.17. Our model-based fair value is ₹16.74, about −8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MADHUSUDAN SECURITIES LTD. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. 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 MADHUSUDAN SECURITIES LTD.
How large is the market capitalisation of MADHUSUDAN SECURITIES LTD. (MADHUSE)?
The market capitalisation of MADHUSUDAN SECURITIES LTD. is ₹389M (≈ $4.0M). 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 MADHUSUDAN SECURITIES LTD. (MADHUSE)?
The price-to-sales ratio of MADHUSUDAN SECURITIES LTD. is 35.8 (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 MADHUSUDAN SECURITIES LTD. (MADHUSE)?
Earnings per share at MADHUSUDAN SECURITIES LTD. are ₹1.31 (price ÷ EPS = P/E 13.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of MADHUSUDAN SECURITIES LTD. (MADHUSE)?
The net margin of MADHUSUDAN SECURITIES LTD. is 38.6% (last twelve months). 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 MADHUSUDAN SECURITIES LTD. (MADHUSE)?
The return on equity (ROE) of MADHUSUDAN SECURITIES LTD. is 4.4% (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 MADHUSUDAN SECURITIES LTD. (MADHUSE)?
On an EBIT basis the return on assets of MADHUSUDAN SECURITIES LTD. is 0.6% (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 MADHUSUDAN SECURITIES LTD. (MADHUSE)?
The operating margin of MADHUSUDAN SECURITIES LTD. is −43.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MADHUSUDAN SECURITIES LTD. (MADHUSE)?
Revenue at MADHUSUDAN SECURITIES LTD. is growing +52.2% versus a year earlier (3y avg +1,160%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does MADHUSUDAN SECURITIES LTD. (MADHUSE) generate?
The free cash flow of MADHUSUDAN SECURITIES LTD. is −₹120M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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