Mangalam Industrial Finance Ltd (MANGIND) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Mangalam Industrial Finance Ltd stock ₹0.43, price ₹0.39, upside +9.0%, quality 40 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Mangalam Industrial Finance Limited, a non-banking financial company, engages in investing and financing business in India. The company offers financial solutions primarily for the purchase of electric two-wheelers.
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Mangalam Industrial Finance Limited was incorporated in 1983 and is based in Vadodara, India.
Stock analysis
Mangalam Industrial Finance Ltd (MANGIND) currently trades at ₹0.3900, while our model-based Fair Value estimate is ₹0.4250, so the stock looks roughly fairly valued today (gap 8.2%).
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: ₹0.2805 (bear) to ₹0.5270 (bull), the price of ₹0.3900 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 40/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mangalam Industrial Finance Ltd reported revenue of ₹268M in FY2026 versus ₹11.5M in FY2022, a compound +119.6%/yr. Reported net income was −₹10.0M in FY2026.
Key figures
Market cap ₹556M (≈ $5.9M) Micro · P/S ratio 2.14 · Dividend yield 0.6% · Net margin −0.2% · Return on equity −1.9% · Return on assets (EBIT) −2.4% · Operating margin 49.2% · Revenue (TTM) ₹259M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades about 80% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at 9%, MANGIND screens richer than that median.
Fair Value models
Bear₹0.2805Fair Value ₹0.4250Bull₹0.5270
Price ₹0.3900 · Upside +9.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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.Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham)₹0.3300₹0.5000₹0.620055
All 1 models by family
Asset-Based
NCAV (Graham)₹0.3300₹0.5000₹0.620055
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+653.3%
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.
+172.3%
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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.
43.7% (2021) → −3.8% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Mangalam Industrial Finance 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 industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 328 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside+9.0% · Below median
Profitability
Return on assets−1.3% · Bottom 25%
Net margin (12 months)−0.2% · Bottom 25%
Operating margin (12 months)49.2% · Above median
Growth and dividend
Revenue growth (quarter YoY)397.1% · Top 25%
Dividend yield (12 months)0.6% · Bottom 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
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Is Mangalam Industrial Finance Ltd (MANGIND) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ₹0.4250 versus a price of ₹0.3900, about +9% upside (fairly valued).
What is the fair value of MANGIND?
Our model-based fair value for Mangalam Industrial Finance Ltd is ₹0.4250 (as of Oct 30, 2026), built from audited fundamentals. The current price: ₹0.3900.
What is the quality score of MANGIND?
Mangalam Industrial Finance Ltd has a Quality Score of 40/100. 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 Mangalam Industrial Finance Ltd (MANGIND)?
Our model-based price target is the fair value of ₹0.4250 (as of Oct 30, 2026) from 1 valuation models. Cautious scenario ₹0.2805, optimistic scenario ₹0.5270. It is a calculation from audited fundamentals, not an analyst target.
What is the Mangalam Industrial Finance Ltd stock forecast for 2026?
Our models put fair value at ₹0.4250, about +9% upside versus a price of ₹0.3900 (fairly valued). Cautious scenario ₹0.2805, optimistic scenario ₹0.5270. The calculation is refreshed regularly with new filings.
What is the revenue of Mangalam Industrial Finance Ltd (MANGIND)?
Mangalam Industrial Finance Ltd reported trailing-twelve-month revenue of about ₹259M (latest available figure, as of Oct 30, 2026).
Does Mangalam Industrial Finance Ltd pay a dividend?
Mangalam Industrial Finance Ltd currently shows a dividend yield of 0.62% relative to its recent price (as of Oct 30, 2026).
What is the intrinsic value of Mangalam Industrial Finance Ltd (MANGIND)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mangalam Industrial Finance Ltd it is ₹0.4250 per share (as of Oct 30, 2026), against a price of ₹0.3900. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Mangalam Industrial Finance Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, MANGIND trades below its calculated fair value: price ₹0.3900, fair value ₹0.4250, a gap of about +9% (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 MANGIND?
No. The price is what the market pays today (₹0.3900); the fair value is what the company's own numbers justify (₹0.4250). For Mangalam Industrial Finance Ltd the two are ₹0.0350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mangalam Industrial Finance Ltd worth?
The market values Mangalam Industrial Finance Ltd at about ₹556M (market capitalisation, as of Oct 30, 2026). Per share that is ₹0.3900; our models calculate a fair value of ₹0.4250 per share.
What do the bullish and bearish scenarios say about MANGIND?
Our models span a range for Mangalam Industrial Finance Ltd: cautious scenario ₹0.2805, base ₹0.4250, optimistic ₹0.5270 per share (as of Oct 30, 2026, price ₹0.3900). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mangalam Industrial Finance Ltd (MANGIND)?
Balance-sheet figures for Mangalam Industrial Finance Ltd (as of Oct 30, 2026): return on equity −1.9%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is MANGIND from its 52-week high?
Mangalam Industrial Finance Ltd trades at ₹0.3900, about 80% below its 52-week high of ₹1.99 and at the low of ₹0.3900 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.4250 is for.
Which stocks are comparable to Mangalam Industrial Finance Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Mangalam Industrial Finance Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price ₹0.3900, calculated fair value ₹0.4250 (+9%), Quality Score 40/100, from 1 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 MANGIND calculated?
We run Mangalam Industrial Finance Ltd through 1 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 ₹0.4250, 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 13.4 % above its aggregate fair value. Mangalam Industrial Finance Ltd currently trades 8 % 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 is the share price of Mangalam Industrial Finance Ltd (MANGIND)?
The closing price on Oct 30, 2026 was ₹0.3900. Our model-based fair value is ₹0.4250, about +9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mangalam Industrial Finance Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹0.2805 to ₹0.5270) 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. 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 Mangalam Industrial Finance Ltd
How large is the market capitalisation of Mangalam Industrial Finance Ltd (MANGIND)?
The market capitalisation of Mangalam Industrial Finance Ltd is ₹556M (≈ $5.9M). 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 Mangalam Industrial Finance Ltd (MANGIND)?
The price-to-sales ratio of Mangalam Industrial Finance Ltd is 2.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the dividend yield of Mangalam Industrial Finance Ltd (MANGIND)?
The dividend yield of Mangalam Industrial Finance Ltd is 0.6%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Mangalam Industrial Finance Ltd (MANGIND)?
The net margin of Mangalam Industrial Finance Ltd is −0.2% (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 Mangalam Industrial Finance Ltd (MANGIND)?
The return on equity (ROE) of Mangalam Industrial Finance Ltd is −1.9% (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 Mangalam Industrial Finance Ltd (MANGIND)?
On an EBIT basis the return on assets of Mangalam Industrial Finance Ltd is −2.4% (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 Mangalam Industrial Finance Ltd (MANGIND)?
The operating margin of Mangalam Industrial Finance Ltd is 49.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mangalam Industrial Finance Ltd (MANGIND)?
Revenue at Mangalam Industrial Finance Ltd is growing +397% versus a year earlier (3y avg +172%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Mangalam Industrial Finance Ltd (MANGIND)?
Earnings per share at Mangalam Industrial Finance Ltd are growing +125% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mangalam Industrial Finance Ltd (MANGIND) generate?
The free cash flow of Mangalam Industrial Finance Ltd is −₹457M (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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Thin data
Oct 30, 2026