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Mangal Credit and Fincorp Limited (MANCREDIT) Fair Value & Analysis

Financial Services · IN · Market cap ₹5.0B

MC Mangal Credit and Fincorp Limited MANCREDIT · NSE
Price₹236.73
Fair Value₹94.24
Upside-60.2%
Quality39/100
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Expensive Growth
Highly profitable · 21.9% net margin
High debt · negative free cash flow
0.31% dividend yield
Trails peers (5/13)
Wide moat 65/100
Evidence: High Range ₹62.45 – ₹94.24 Share as image

Fair value as of: Aug 13, 2026

From 9 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹144.99 to ₹94.24 (−35.0%) since Aug 8, 2026. Share price +1.4% over the past month.

Below-average quality, and screening another 60% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹94.24). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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 (2 years)

₹257.36 ₹133.43 Fair Value ₹94.24 Aug 2024 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

24‑month range ₹133.43 – ₹257.36 · fair‑value band ₹62.45 – ₹94.24 · the ₹236.73 price screens above the ₹94.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Mangal Credit and Fincorp Limited (MANCREDIT) currently trades at ₹236.73, while our model-based Fair Value estimate is ₹94.24, implying the stock looks roughly 60.2% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Mangal Credit and Fincorp Limited generated revenue of ₹699M at a net margin of 21.9%. Revenue grew 59.4% year over year. It earns a return on equity of 9.8%. Net debt stands at ₹3.0B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹62.45 (bear case) to ₹94.24 (bull case); at ₹236.73, the current price sits above 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 7% below its 52-week high and 56% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at -60%, MANCREDIT screens richer 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
Residual Income ₹68.35 ₹73.94 ₹94.82 76
Gordon GGM ₹6.11 ₹12.18 ₹18.44 70
P/E Multiple ₹70.68 ₹94.24 ₹117.80 63
All 9 models by family
DCF Models
Owner Earnings ₹104.69 ₹379.46 31
Earnings-Based
Graham-Dodd ₹49.30 ₹343.79 ₹482.45 54
Lynch FV ₹177.61 ₹253.73 ₹329.85 50
Dividend Discount
Gordon GGM ₹6.11 ₹12.18 ₹18.44 70
DDM Multi-Stage ₹6.11 ₹10.52 ₹12.85 61
Multiples
P/E Multiple ₹70.68 ₹94.24 ₹117.80 63
P/B Multiple ₹85.88 ₹114.51 ₹143.14 55
Asset-Based
NCAV (Graham) ₹40.90 ₹54.80 ₹81.79 50
Economic Profit
Residual Income ₹68.35 ₹73.94 ₹94.82 76

Widest divergence: Earnings-Based (₹253.73) versus Dividend Discount (₹10.52). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹699M
Revenue growth (YoY) +59.4%
Net margin 21.9%
Return on equity 9.8%
Free cash flow −₹1.2B FY2026
P/E ratio 32.7
More key figures
Operating margin 79.2%
EPS (TTM) ₹7.24
Dividend yield 0.3%
EPS growth (YoY) +99.1%
Net debt ₹3.0B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 34 · Market factors (momentum, volatility) 81

Profitability 35
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 41
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 86
Price trend over the last 3–12 months (market factor)
52W Momentum 74
Distance to the 52-week high (market factor)
Net Issuance 35
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

Mangal Credit and Fincorp Limited operates as a non-banking financial company in India. The company offers small and medium enterprises, gold, and personal loans, as well as loan against property; and credit services. The company was formerly known as Tak Machinery & Leasing Limited and changed its name to Mangal Credit and Fincorp Limited in June 2013.

Full company description

Mangal Credit and Fincorp Limited operates as a non-banking financial company in India. The company offers small and medium enterprises, gold, and personal loans, as well as loan against property; and credit services. The company was formerly known as Tak Machinery & Leasing Limited and changed its name to Mangal Credit and Fincorp Limited in June 2013. Mangal Credit and Fincorp Limited was incorporated in 1961 and is headquartered in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mangal Credit and Fincorp Limited reported revenue of ₹699M in FY2026 versus ₹136M in FY2022, a compound +50.4%/yr. Reported net income was ₹153M in FY2026, compounding +26.0%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹699M
Latest YoY
+44.1%
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.
+49.7%
Revenue +50.4%/yr
FY22 ₹136M
FY23 ₹208M
FY24 ₹330M
FY25 ₹485M
FY26 ₹699M
Net income +26.0%/yr
FY22 ₹60.8M
FY23 ₹79.1M
FY24 ₹105M
FY25 ₹1.5M
FY26 ₹153M

MANCREDIT screens 60% overvalued. Compare with Visa Inc →

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Cite: Fair Value Calculator (2026). "Mangal Credit and Fincorp Limited Fair Value". https://www.fairvalue-calculator.com/stock/MANCREDIT

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 38 · Bottom 25%
Fair Value upside −60% · Bottom 25%
Return on equity (TTM) 10% · Above median
Return on assets 8% · Top 25%
Net margin (TTM) 22% · Above median
Operating margin (TTM) 79% · Top 25%
Revenue growth 59% · Top 25%
Dividend yield (TTM) 0.3% · Bottom 25%
Debt / equity 1.90× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 32.7× · Pricier than 75% of peers
P/B 2.89× · Pricier than 75% of peers
P/S (TTM) 7.14× · Pricier than 75% of peers
EV/EBITDA 14.7× · Pricier 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 0 · sector 33
FUTURE 100 · sector 39
PAST 39 · sector 32
HEALTH 5 · sector 59
DIVIDEND 6 · sector 58

VALUE 0: the price sits above our fair-value range.

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 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $359.42 $198.27 -45%
Mastercard Incorporated MA $561.44 $221.87 -60%
Bajaj Finance Limited BAJFINANCE ₹1,094 ₹397.61 -64%
Shriram Finance Limited SHRIRAMFIN ₹1,117 ₹553.83 -50%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,918 ₹796.52 -58%
Tata Capital Limited TATACAP ₹367.05 ₹149.40 -59%
Power Finance Corporation PFC ₹376.50 ₹615.85 +64%
Muthoot Finance Limited MUTHOOTFIN ₹2,876 ₹3,429 +19%
Indian Railway Finance Corporation IRFC ₹88.35 ₹69.72 -21%
REC Limited RECLTD ₹346.00 ₹692.00 +100%

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Frequently asked questions

Is Mangal Credit and Fincorp Limited (MANCREDIT) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹94.24 versus a price of ₹236.73, about −60% (overvalued).
What is the fair value of MANCREDIT?
Our model-based fair value for Mangal Credit and Fincorp Limited is ₹94.24 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹236.73.
What is the quality score of MANCREDIT?
Mangal Credit and Fincorp Limited has a Quality Score of 39/100. 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 Mangal Credit and Fincorp Limited (MANCREDIT)?
Mangal Credit and Fincorp Limited reported trailing-twelve-month revenue of about ₹699M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MANCREDIT?
The net profit margin of Mangal Credit and Fincorp Limited is about 21.9%, meaning it keeps roughly 21.9% of revenue as net income. Based on the latest reported figures.
Does Mangal Credit and Fincorp Limited pay a dividend?
Mangal Credit and Fincorp Limited currently shows a dividend yield of about 0.31% relative to its recent price (as of Aug 13, 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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