Mehai Technology Ltd (MEHAI) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Mehai Technology Ltd stock ₹1.49, price ₹1.03, upside +44.5%, quality 23 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?Yes
Good quality?No
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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 Oct 24, 2026.
How to read this chart
60‑month range ₹0.7191 – ₹19.25 · fair‑value band ₹1.25 – ₹1.51 · the ₹1.03 price screens below the ₹1.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 24, 2026.
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Mehai Technology Limited engages in the trading of electronic items in India. The company operates through Electronic Items and Trading Activities segments. It offers refrigerator, air conditioner, cooler, laptop, television, audio, washing machine, and mobile products.
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The company also is involved in the construction of water plant and manufacture of water bottles. Mehai Technology Limited was incorporated in 2013 and is based in Kolkata, India. As of March 31, 2023, Mehai Technology Limited operates as a subsidiary of Dynamic Services & Security Limited.
Stock analysis
Mehai Technology Ltd (MEHAI) currently trades at ₹1.03, while our model-based Fair Value estimate is ₹1.49, implying the stock looks roughly 30.8% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of ₹3.27 per share, and 6 of the 6 models we run sit above the ₹1.03 price.
Bear case: the Asset-Based group reads lowest at ₹1.33, and 0 of the 6 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹1.25 (bear) to ₹1.51 (bull), the price of ₹1.03 sits below 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 23/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mehai Technology Ltd reported revenue of ₹1.2B in FY2025 versus ₹60.1M in FY2021, a compound +113.3%/yr. Reported net income was ₹77.4M in FY2025, compounding +131.3%/yr from FY2021.
Key figures
Market cap ₹869M (≈ $9.1M) Micro · P/E ratio 11.4 · P/S ratio 0.68 · EPS (TTM) ₹0.0900 · Net margin 6.3% · Return on equity 4.9% · Return on assets (EBIT) 7.6% · Operating margin 15.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 83% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −12% fair-value upside, at 44%, MEHAI screens cheaper than that median.
Fair Value models
Bear₹1.25Fair Value ₹1.49Bull₹1.51
Price ₹1.03 · Upside +44.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (₹0.0742 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.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
Residual Income₹1.83₹1.75₹1.7768
P/E Multiple₹1.47₹1.96₹2.4563
Graham-Dodd₹0.6300₹4.43₹6.2161
All 6 models by family
Earnings-Based
Graham-Dodd₹0.6300₹4.43₹6.2161
Lynch FV₹2.29₹3.27₹4.2559
Multiples
P/E Multiple₹1.47₹1.96₹2.4563
P/B Multiple₹8.91₹11.88₹14.8455
Asset-Based
NCAV (Graham)₹0.8800₹1.33₹1.6754
Economic Profit
Residual Income₹1.83₹1.75₹1.7768
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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+4.2%
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.
+142.2%
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.
+89.6%
Start year 2020 (pandemic)
Revenue growth 9 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.
+42.2%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +18.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+18.9%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−9.1% vs −9.7%, steady
Profit margin 2020 to 2025 ⓘ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.2% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 14.6%/yr over ~7Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 280% above its own trend.
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.Conglomerates · 361 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside+44.4% · Above median
Profitability
Return on equity (12 months)4.9% · Below median
Return on assets2.6% · Below median
Net margin (12 months)6.3% · Above median
Operating margin (12 months)15.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)19.6% · Above median
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Conglomerates median · lower = cheaper
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Is Mehai Technology Ltd (MEHAI) overvalued or undervalued?
As of Oct 24, 2026, our model estimates a fair value of ₹1.49 versus a price of ₹1.03, about +44% upside (undervalued).
What is the fair value of MEHAI?
Our model-based fair value for Mehai Technology Ltd is ₹1.49 (as of Oct 24, 2026), built from audited fundamentals. The current price: ₹1.03.
What is the quality score of MEHAI?
Mehai Technology Ltd has a Quality Score of 23/100. 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 Mehai Technology Ltd (MEHAI)?
Our model-based price target is the fair value of ₹1.49 (as of Oct 24, 2026) from 6 valuation models. Cautious scenario ₹1.25, optimistic scenario ₹1.51. It is a calculation from audited fundamentals, not an analyst target.
What is the Mehai Technology Ltd stock forecast for 2026?
Our models put fair value at ₹1.49, about +44% upside versus a price of ₹1.03 (undervalued). Cautious scenario ₹1.25, optimistic scenario ₹1.51. The calculation is refreshed regularly with new filings.
What is the revenue of Mehai Technology Ltd (MEHAI)?
Mehai Technology Ltd reported trailing-twelve-month revenue of about ₹1.3B (latest available figure, as of Oct 24, 2026).
What is the intrinsic value of Mehai Technology Ltd (MEHAI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mehai Technology Ltd it is ₹1.49 per share (as of Oct 24, 2026), against a price of ₹1.03. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Mehai Technology Ltd stock overvalued or undervalued in 2026?
As of Oct 24, 2026, MEHAI trades below its calculated fair value: price ₹1.03, fair value ₹1.49, a gap of about +44% (undervalued). 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 MEHAI?
No. The price is what the market pays today (₹1.03); the fair value is what the company's own numbers justify (₹1.49). For Mehai Technology Ltd the two are ₹0.4580 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mehai Technology Ltd worth?
The market values Mehai Technology Ltd at about ₹869M (market capitalisation, as of Oct 24, 2026). Per share that is ₹1.03; our models calculate a fair value of ₹1.49 per share.
What do the bullish and bearish scenarios say about MEHAI?
Our models span a range for Mehai Technology Ltd: cautious scenario ₹1.25, base ₹1.49, optimistic ₹1.51 per share (as of Oct 24, 2026, price ₹1.03). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MEHAI?
Mehai Technology Ltd trades at a price-to-earnings ratio of 11.4 (as of Oct 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1.49 is built from several models across several years. Other multiples: P/B 0.4, P/S 0.7, EV/EBITDA 5.0.
How solid is the balance sheet of Mehai Technology Ltd (MEHAI)?
Balance-sheet figures for Mehai Technology Ltd (as of Oct 24, 2026): return on equity 4.9%, debt of 0.00 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is MEHAI from its 52-week high?
Mehai Technology Ltd trades at ₹1.03, about 83% below its 52-week high of ₹5.91 and 3% above the low of ₹1.00 (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1.49 is for.
Which stocks are comparable to Mehai Technology Ltd?
From the same area (Industrials) we also value 3M Company, Honeywell International Inc, Swire Pacific Limited, SGH 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 Mehai Technology Ltd stock attractive at the current price?
The data as of Oct 24, 2026: price ₹1.03, calculated fair value ₹1.49 (+44%), Quality Score 23/100, from 6 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 MEHAI calculated?
We run Mehai Technology Ltd through 6 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 ₹1.49, 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 13.2 % above its aggregate fair value. Mehai Technology Ltd currently trades 31 % 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 Mehai Technology Ltd (MEHAI)?
The closing price on Oct 27, 2026 was ₹1.03. Our model-based fair value is ₹1.49, about +44% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mehai Technology Ltd right now?
The large discount to fair value meets weak quality (23/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹1.25). 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.
Key figures of Mehai Technology Ltd
How large is the market capitalisation of Mehai Technology Ltd (MEHAI)?
The market capitalisation of Mehai Technology Ltd is ₹869M (≈ $9.1M). 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 Mehai Technology Ltd (MEHAI)?
The price-to-sales ratio of Mehai Technology Ltd is 0.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Mehai Technology Ltd (MEHAI)?
Earnings per share at Mehai Technology Ltd are ₹0.0900 (price ÷ EPS = P/E 11.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mehai Technology Ltd (MEHAI)?
The net margin of Mehai Technology Ltd is 6.3% (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 Mehai Technology Ltd (MEHAI)?
The return on equity (ROE) of Mehai Technology Ltd is 4.9% (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 Mehai Technology Ltd (MEHAI)?
On an EBIT basis the return on assets of Mehai Technology Ltd is 7.6% (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 Mehai Technology Ltd (MEHAI)?
The operating margin of Mehai Technology Ltd is 15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mehai Technology Ltd (MEHAI)?
Revenue at Mehai Technology Ltd is growing +19.6% versus a year earlier (3y avg +142%). 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 Mehai Technology Ltd (MEHAI)?
Earnings per share at Mehai Technology Ltd are growing −33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Mehai Technology Ltd (MEHAI) generate?
The free cash flow of Mehai Technology Ltd is −₹181M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Mehai Technology Ltd (MEHAI) carry?
The net debt of Mehai Technology Ltd is ₹612M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 24, 2026