Mercantile Ventures Ltd (MERCANTILE) fair value: what the stock is really worth
As of Oct 27, 2026: fair value (intrinsic value) of Mercantile Ventures Ltd stock ₹2.18, price ₹21.48, upside -89.9%, quality 63 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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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 26, 2026.
How to read this chart
60‑month range ₹13.75 – ₹33.95 · fair‑value band ₹1.57 – ₹3.31 · the ₹21.48 price screens above the ₹2.18 fair value. Dashed = 300-day average. As of Oct 26, 2026.
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Mercantile Ventures Limited provides security services in India. It operates through Rent and Maintenance of Immovable Properties; Manpower Services; Security Services; and Investment Activities segments.
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The company acquires immovable properties for letting out on lease or mounting them for resale; and leases and maintains immovable properties. It also offers consulting, facility management, manpower, and security services; and engages in investment activities.
The company was formerly known as MCC Finance Limited and changed its name to Mercantile Ventures Limited in March 2013. Mercantile Ventures Limited was incorporated in 1985 and is based in Chennai, India.
Stock analysis
Mercantile Ventures Ltd (MERCANTILE) currently trades at ₹21.48, while our model-based Fair Value estimate is ₹2.18, 89.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹15.39 per share, and 1 of the 12 models we run sit above the ₹21.48 price.
Bear case: the Multiples group reads lowest at ₹1.48, and 11 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹1.57 (bear) to ₹3.31 (bull), the price of ₹21.48 sits above 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 63/100 (solid quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Mercantile Ventures Ltd reported revenue of ₹933M in FY2026 versus ₹370M in FY2022, a compound +26.0%/yr. Reported net income was ₹69.0M in FY2026, compounding −12.0%/yr from FY2022.
Key figures
Market cap ₹2.4B (≈ $25.3M) Micro · P/E ratio 32.5 · P/S ratio 2.52 · EPS (TTM) ₹0.6600 · Net margin 7.7% · Return on equity 0.6% · Return on assets (EBIT) 0.2% · Operating margin −1.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 21% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −12% fair-value upside, at −90%, MERCANTILE screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹1.41 to ₹48.11). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹1.57Fair Value ₹2.18Bull₹3.31
Price ₹21.48 · Upside -89.9%
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 2026 figures (about 7 months old). Earnings retained since then (₹0.3815 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.
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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+29.3%
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.
+25.6%
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.
+20.1%
Start year 2021 (pandemic)
Revenue growth 7 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.
+15.3%
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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. 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.
−9.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.7%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.10% → 0%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+72.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +65.5% a year for the price.
Compare Mercantile Ventures 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.Real Estate Services · 526 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside−89.9% · Bottom 25%
Profitability
Return on equity (12 months)0.6% · Below median
Return on assets2.3% · Above median
Net margin (12 months)7.7% · Below median
Operating margin (12 months)−1.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)9.3% · Above median
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (12 months)32.5× · Priciest 25%
P/B0.88× · Pricier than median
P/S (12 months)2.52× · Cheaper than median
Price / free cash flow342.9× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 46
FUTURE (revenue growth)47· sector 17
PAST (return on equity)3· sector 17
HEALTH (low debt)100· sector 83
DIVIDEND (yield)0· sector 65
VALUE 0: the price sits above our fair-value range.
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 Mercantile Ventures Ltd (MERCANTILE) overvalued or undervalued?
As of Oct 26, 2026, our model estimates a fair value of ₹2.18 versus a price of ₹21.48, about −90% upside (overvalued).
What is the fair value of MERCANTILE?
Our model-based fair value for Mercantile Ventures Ltd is ₹2.18 (as of Oct 26, 2026), built from audited fundamentals. The current price: ₹21.48.
What is the quality score of MERCANTILE?
Mercantile Ventures Ltd has a Quality Score of 63/100. 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 Mercantile Ventures Ltd (MERCANTILE)?
Our model-based price target is the fair value of ₹2.18 (as of Oct 26, 2026) from 12 valuation models. Cautious scenario ₹1.57, optimistic scenario ₹3.31. It is a calculation from audited fundamentals, not an analyst target.
What is the Mercantile Ventures Ltd stock forecast for 2026?
Our models put fair value at ₹2.18, about −90% upside versus a price of ₹21.48 (overvalued). Cautious scenario ₹1.57, optimistic scenario ₹3.31. The calculation is refreshed regularly with new filings.
What is the revenue of Mercantile Ventures Ltd (MERCANTILE)?
Mercantile Ventures Ltd reported trailing-twelve-month revenue of about ₹953M (latest available figure, as of Oct 26, 2026).
What growth is priced into Mercantile Ventures Ltd (MERCANTILE)?
For today's price to be fair in a discounted-cash-flow model, Mercantile Ventures Ltd would have to grow free cash flow by +72.4 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.1 % per year. As of Oct 26, 2026.
What discount rate (WACC) does the fair value of MERCANTILE use?
Our models discount Mercantile Ventures Ltd at 10.9 %: a base by market capitalisation (nano), damped by beta 0.47, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Mercantile Ventures Ltd that is +72.4 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Mercantile Ventures Ltd (MERCANTILE) delivered so far?
Over the past 5 years revenue at Mercantile Ventures Ltd grew +20.1 % a year. The price currently implies +72.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Mercantile Ventures Ltd (MERCANTILE) growing?
The median revenue growth in the sector is +2.4 % a year. That is the yardstick for the growth priced into Mercantile Ventures Ltd (+72.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Mercantile Ventures Ltd (MERCANTILE)?
The free-cash-flow yield on the price is 0.29 %: that much free cash flow Mercantile Ventures Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Mercantile Ventures Ltd (MERCANTILE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mercantile Ventures Ltd it is ₹2.18 per share (as of Oct 26, 2026), against a price of ₹21.48. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Mercantile Ventures Ltd stock overvalued or undervalued in 2026?
As of Oct 26, 2026, MERCANTILE trades above its calculated fair value: price ₹21.48, fair value ₹2.18, a gap of about −90% (overvalued). 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 MERCANTILE?
No. The price is what the market pays today (₹21.48); the fair value is what the company's own numbers justify (₹2.18). For Mercantile Ventures Ltd the two are ₹19.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mercantile Ventures Ltd worth?
The market values Mercantile Ventures Ltd at about ₹2.4B (market capitalisation, as of Oct 26, 2026). Per share that is ₹21.48; our models calculate a fair value of ₹2.18 per share.
What do the bullish and bearish scenarios say about MERCANTILE?
Our models span a range for Mercantile Ventures Ltd: cautious scenario ₹1.57, base ₹2.18, optimistic ₹3.31 per share (as of Oct 26, 2026, price ₹21.48). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MERCANTILE?
Mercantile Ventures Ltd trades at a price-to-earnings ratio of 32.5 (as of Oct 26, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹2.18 is built from several models across several years. Other multiples: P/B 0.9, P/S 2.5.
How solid is the balance sheet of Mercantile Ventures Ltd (MERCANTILE)?
Balance-sheet figures for Mercantile Ventures Ltd (as of Oct 26, 2026): return on equity 0.6%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is MERCANTILE from its 52-week high?
Mercantile Ventures Ltd trades at ₹21.48, about 28% below its 52-week high of ₹29.76 and 21% above the low of ₹17.68 (as of Oct 27, 2026). Distance from the high says nothing about value: that is what the fair value of ₹2.18 is for.
Which stocks are comparable to Mercantile Ventures Ltd?
From the same area (Real Estate) we also value CBRE Group, Cellnex Telecom, S.A, KE Holdings, Swire Properties 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 Mercantile Ventures Ltd stock attractive at the current price?
The data as of Oct 26, 2026: price ₹21.48, calculated fair value ₹2.18 (−90%), Quality Score 63/100, from 12 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 MERCANTILE calculated?
We run Mercantile Ventures Ltd through 12 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 ₹2.18, 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. Mercantile Ventures 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 Mercantile Ventures Ltd (MERCANTILE)?
The closing price on Oct 27, 2026 was ₹21.48. Our model-based fair value is ₹2.18, about −90% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mercantile Ventures Ltd right now?
The price sits above even our optimistic bull case (₹3.31). The favourable scenario is already priced in. 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 but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹1.57 to ₹3.31) leaves room in how you read the outcome.
Key figures of Mercantile Ventures Ltd
How large is the market capitalisation of Mercantile Ventures Ltd (MERCANTILE)?
The market capitalisation of Mercantile Ventures Ltd is ₹2.4B (≈ $25.3M). 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 Mercantile Ventures Ltd (MERCANTILE)?
The price-to-sales ratio of Mercantile Ventures Ltd is 2.52 (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 Mercantile Ventures Ltd (MERCANTILE)?
Earnings per share at Mercantile Ventures Ltd are ₹0.6600 (price ÷ EPS = P/E 32.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Mercantile Ventures Ltd (MERCANTILE)?
The net margin of Mercantile Ventures Ltd is 7.7% (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 Mercantile Ventures Ltd (MERCANTILE)?
The return on equity (ROE) of Mercantile Ventures Ltd is 0.6% (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 Mercantile Ventures Ltd (MERCANTILE)?
On an EBIT basis the return on assets of Mercantile Ventures Ltd is 0.2% (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 Mercantile Ventures Ltd (MERCANTILE)?
The operating margin of Mercantile Ventures Ltd is −1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mercantile Ventures Ltd (MERCANTILE)?
Revenue at Mercantile Ventures Ltd is growing +9.3% versus a year earlier (3y avg +25.6%). 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 Mercantile Ventures Ltd (MERCANTILE)?
Earnings per share at Mercantile Ventures Ltd are growing −56.5% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Oct 26, 2026