Mercator Limited (MERCATOR) fair value: what the stock is really worth
As of Jul 17, 2026: fair value of Mercator Limited ₹0.96, price ₹0.85, upside +12.9%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 Sep 24, 2026.
How to read this chart
60‑month range ₹0.7500 – ₹3.45 · the ₹0.8500 price screens below the ₹0.9600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Mercator Limited, together with its subsidiaries, engages in shipping, dredging, oil and gas, and coal businesses. It operates through two segments, Shipping and Coal Mining; and Trading and Logistics. The company is also involved in coal mining, procurement, and logistics activities.
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Mercator Limited, together with its subsidiaries, engages in shipping, dredging, oil and gas, and coal businesses. It operates through two segments, Shipping and Coal Mining; and Trading and Logistics. The company is also involved in coal mining, procurement, and logistics activities. In addition, it operates a mining license in Mozambique, and oil blocks in Cambay basin, India. The company was formerly known as Mercator Lines Limited and changed its name to Mercator Limited in November 2011. Mercator Limited was incorporated in 1983 and is based in Mumbai, India.
Stock analysis
Mercator Limited (MERCATOR) currently trades at ₹0.8500, while our model-based Fair Value estimate is ₹0.9600, implying the stock looks roughly 11.5% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of ₹0.9600 per share, and 4 of the 4 models we run sit above the ₹0.8500 price.
Bear case: the Earnings-Based group reads lowest at ₹0.9600, and 0 of the 4 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Energy sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Mercator Limited reported revenue of ₹0 in FY2024 versus ₹6.4B in FY2020. Reported net income was −₹2.2M in FY2024.
Key figures
Market cap ₹257M (≈ $2.7M) · EPS (TTM) ₹−0.0800 · Return on assets (EBIT) −0.3% · Revenue (TTM) −₹70.0K · Free cash flow −₹80.0K · Net debt ₹6.7B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and at its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −33% fair-value upside, at 13%, MERCATOR screens cheaper than that median.
Fair Value models
Bear ₹0.9600Fair Value ₹0.9600Bull ₹0.9600
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−98.9%
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.
−83.4%
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.
−71.5%
Revenue growth 18 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.
−20.4%
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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.
2.4% (2017) → −310.8% (2022)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
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.Thermal Coal · 84 stocks
Beats the industry median on 1/4 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside+12.9% · Above median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−0.1% · Bottom 25%
Operating margin (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Thermal Coal median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)51· sector 12
FUTURE (revenue growth)0· sector 57
PAST (return on equity)0· sector 27
HEALTH (low debt)0· sector 92
DIVIDEND (yield)0· sector 54
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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.
Cite: Fair Value Calculator (2026). "Mercator Limited Fair Value". https://www.fairvalue-calculator.com/stock/MERCATOR
Frequently asked questions
Is Mercator Limited (MERCATOR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹0.9600 versus the last price from Jul 17, 2026 of ₹0.8500, about +13% upside (undervalued).
What is the fair value of MERCATOR?
Our model-based fair value for Mercator Limited is ₹0.9600 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Jul 17, 2026): ₹0.8500.
What is the quality score of MERCATOR?
Mercator Limited has a Quality Score of 42/100. 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 Mercator Limited (MERCATOR)?
Our model-based price target is the fair value of ₹0.9600 (as of Sep 24, 2026) from 4 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Mercator Limited stock forecast for 2026?
Our models put fair value at ₹0.9600, about +13% upside versus the last price from Jul 17, 2026 of ₹0.8500 (undervalued). The calculation is refreshed regularly with new filings.
What is the intrinsic value of Mercator Limited (MERCATOR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mercator Limited it is ₹0.9600 per share (as of Sep 24, 2026), against a price of ₹0.8500. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Mercator Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MERCATOR trades below its calculated fair value: price ₹0.8500, fair value ₹0.9600, a gap of about +13% (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 MERCATOR?
No. The price is what the market pays today (₹0.8500); the fair value is what the company's own numbers justify (₹0.9600). For Mercator Limited the two are ₹0.1100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mercator Limited worth?
The market values Mercator Limited at about ₹257M (market capitalisation, as of Sep 24, 2026). Per share that is ₹0.8500; our models calculate a fair value of ₹0.9600 per share.
How solid is the balance sheet of Mercator Limited (MERCATOR)?
Balance-sheet figures for Mercator Limited (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is MERCATOR from its 52-week high?
Mercator Limited trades at ₹0.8500, at its 52-week high of ₹0.8500 and at the low of ₹0.8500 (as of Jul 17, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.9600 is for.
Which stocks are comparable to Mercator Limited?
From the same area (Energy) we also value China Shenhua Energy Company, Adani Enterprises Limited, Shaanxi Coal Industry Company, Yankuang Energy Group, 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 Mercator Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹0.8500, calculated fair value ₹0.9600 (+13%), Quality Score 42/100, from 4 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 MERCATOR calculated?
We run Mercator Limited through 4 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 ₹0.9600, 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 14.5 % above its aggregate fair value. Mercator Limited currently trades 11 % 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 Mercator Limited (MERCATOR)?
The latest price we hold is from Jul 17, 2026 and stands at ₹0.8500. Our model-based fair value is ₹0.9600, about +13% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mercator Limited right now?
The price is below even our cautious bear case (₹0.9600). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Mercator Limited
How large is the market capitalisation of Mercator Limited (MERCATOR)?
The market capitalisation of Mercator Limited is ₹257M (≈ $2.7M). 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 are the earnings per share of Mercator Limited (MERCATOR)?
Earnings per share at Mercator Limited are ₹−0.0800. Earnings per share over the last twelve months: total profit spread across every single share.
What is the EBIT return on assets of Mercator Limited (MERCATOR)?
On an EBIT basis the return on assets of Mercator Limited is −0.3% (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.
How much revenue does Mercator Limited (MERCATOR) generate?
Mercator Limited generates revenue of −₹70.0K (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How much free cash flow does Mercator Limited (MERCATOR) generate?
The free cash flow of Mercator Limited is −₹80.0K (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Mercator Limited (MERCATOR) carry?
The net debt of Mercator Limited is ₹6.7B (fiscal year 2024). 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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