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Meesho Limited (MEESHO) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹875B

ML Meesho Limited MEESHO · NSE
Price₹193.62
Fair Value₹382.39
Upside+97.5%
Quality52/100
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Expensive Growth
Loss-making · -10.8% net margin
negative free cash flow
Mixed vs. peers (5/9)
Narrow moat 10/100
Evidence: Low Range ₹251.75 – ₹477.75 Share as image

Fair value as of: Aug 13, 2026

From 1 valuation models · updated today

Fair value updated Aug 13, 2026, revised from ₹4.01 to ₹382.39 (+9,435.9%) since Aug 7, 2026. Share price +2.5% over the past month.

A solid business, screening 98% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (₹251.75). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (₹251.75 to ₹477.75) leaves room in how you read the outcome.
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Price vs Fair Value (6 months)

₹217.04 ₹134.77 Fair Value ₹382.39 Feb 2026 Aug 2026

White line = price, green steps = our fair value per fiscal year. As of Aug 13, 2026.

How to read this chart

6‑month range ₹134.77 – ₹217.04 · fair‑value band ₹251.75 – ₹477.75 · the ₹193.62 price screens below the ₹382.39 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Aug 13, 2026.

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Analysis

Meesho Limited (MEESHO) currently trades at ₹193.62, while our model-based Fair Value estimate is ₹382.39, implying the stock looks roughly 97.5% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Cyclical 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: low), always confirm before acting.

Over the trailing twelve months, Meesho Limited generated revenue of ₹126B at a net margin of -10.8%. Revenue grew 47.1% year over year. It earns a return on equity of -46.6%. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹251.75 (bear case) to ₹477.75 (bull case); at ₹193.62, 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 15% below its 52-week high and 54% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 98%, MEESHO 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
NCAV (Graham) ₹284.99 ₹382.39 ₹570.58 50
All 1 models by family
Asset-Based
NCAV (Graham) ₹284.99 ₹382.39 ₹570.58 50

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Key figures & financial health

Revenue (TTM) ₹126B
Revenue growth (YoY) +47.1%
Net margin -10.8%
Return on equity -46.6%
Free cash flow −₹39.8B FY2026
Operating margin -7.8%
More key figures
EPS (TTM) ₹-3.10

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 55 · Market factors (momentum, volatility) 46

Profitability 25
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 63
Distance to the 52-week high (market factor)
Net Issuance 74
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

Meesho Limited operates an e-commerce marketplace in India. It designs and develops Meesho, an online platform which connects sellers and consumers and offers various products.

Full company description

Meesho Limited operates an e-commerce marketplace in India. It designs and develops Meesho, an online platform which connects sellers and consumers and offers various products. The company offers apparels; footwear and accessories; home, kitchen, and furnishing products; kids and baby products; beauty and personal care; jewelry; bags; electronics; sports and fitness; office supplies and stationeries; car and motorbike accessories; pet supplies; and other products, as well as displaying ads, logistics, and content commerce services. It also provides digital financial services, and daily essentials and groceries. Meesho Limited is incorporated in 2015 and is based in Bengaluru, India. Meesho Limited is a subsidiary of Meesho Inc.

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

Revenue & earnings trend

FY2023 – FY2026 · reported fiscal years

Meesho Limited reported revenue of ₹126B in FY2026 versus ₹57.3B in FY2023, a compound +30.1%/yr. Reported net income was −₹13.6B in FY2026.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹126B
Latest YoY
+34.5%
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.
+30.1%
Revenue +30.1%/yr
FY23 ₹57.3B
FY24 ₹76.2B
FY25 ₹93.9B
FY26 ₹126B
Net income
FY23 −₹16.7B
FY24 −₹3.3B
FY25 −₹39.4B
FY26 −₹13.6B

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Cite: Fair Value Calculator (2026). "Meesho Limited Fair Value". https://www.fairvalue-calculator.com/stock/MEESHO

Peer Group

Internet Retail · 109 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 55 · Above median
Fair Value upside +98% · Top 25%
Return on assets -13% · Bottom 25%
Net margin (TTM) -11% · Bottom 25%
Operating margin (TTM) -8% · Bottom 25%
Revenue growth 47% · Top 25%

Valuation Multiples vs Internet Retail median · lower = cheaper

P/B 0.21× · Cheaper than 75% of peers
P/S (TTM) 0.07× · Cheaper 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.

VALUE 100 · sector 35
FUTURE 100 · sector 51
PAST 0 · sector 10
HEALTH 0 · sector 95
DIVIDEND 0 · 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 Internet Retail stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Amazon.com, Inc AMZN $267.28 $127.67 -52%
Alibaba Group BABA $125.22 $76.00 -39%
PDD Holdings PDD $89.04 $224.27 +152%
MercadoLibre, Inc MELI $1,828 $798.98 -56%
DoorDash, Inc DASH $212.00 $38.64 -82%
Sea Limited SE $128.11 $52.70 -59%
eBay Inc EBAY $102.31 $60.13 -41%
JD.com, Inc JD €27.00 €31.73 +18%
Coupang, Inc CPNG $16.32 $2.79 -83%
Delivery Hero SE DHER €37.04 €12.71 -66%

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Frequently asked questions

Is Meesho Limited (MEESHO) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹382.39 versus a price of ₹193.62, about +98% (undervalued).
What is the fair value of MEESHO?
Our model-based fair value for Meesho Limited is ₹382.39 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹193.62.
What is the quality score of MEESHO?
Meesho Limited has a Quality Score of 52/100. 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 Meesho Limited (MEESHO)?
Meesho Limited reported trailing-twelve-month revenue of about ₹126B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MEESHO?
The net profit margin of Meesho Limited is about -10.8%, meaning it is currently running at a net loss. 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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