MORGAN (MORGAN) Fair Value & Analysis

IN · Market cap ₹455M

M MORGAN MORGAN · BSE

Price₹45.93

Fair Value₹83.74

Upside+82.3%

Quality30/100

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Evidence: Medium Range ₹53.38 – ₹104.67

Fair value as of: Jul 5, 2026

From 14 valuation models · updated today

Share price −5.7% over the past month.

Price vs Fair Value (12 months)

12‑month range ₹36.87 – ₹119.05 · fair‑value band ₹53.38 – ₹104.67 · the ₹45.93 price screens below the ₹83.74 fair value. As of Jul 5, 2026.

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Analysis

MORGAN (MORGAN) currently trades at ₹45.93, while our model-based Fair Value estimate is ₹83.74 — implying the stock looks roughly 82.3% undervalued today. We read business quality at 30/100 (below-average quality). 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: medium) — always confirm before acting.

Over the trailing twelve months, MORGAN generated revenue of ₹307M at a net margin of 13.5%. Revenue grew 18.2% year over year. It earns a return on equity of 4.5%. Net debt stands at ₹2.0B. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹53.38 (bear case) to ₹104.67 (bull case); at ₹45.93, the current price sits below that range. The share trades about 64% below its 52-week high and 31% above its 52-week low, currently below its 200-day average.

Key figures & financial health

Revenue (TTM) ₹307M

Revenue growth (YoY) +18.2%

Net margin 13.5%

Return on equity 4.5%

Free cash flow −₹219M FY2025

P/E ratio 10.1

More key figures

Operating margin 70.7%

EPS (TTM) ₹4.54

EPS growth (YoY) -59.7%

Net debt ₹2.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

MORGAN reported revenue of ₹82.4M in FY2025 versus ₹1.5B in FY2021, a compound −51.8%/yr. Reported net income was ₹41.4M in FY2025, compounding −44.4%/yr from FY2021.

Revenue −51.8%/yr

FY21 ₹1.5B

FY22 ₹1.5B

FY23 ₹1.7B

FY24 ₹1.7B

FY25 ₹82.4M

Net income −44.4%/yr

FY21 ₹434M

FY22 ₹161M

FY23 ₹235M

FY24 ₹275M

FY25 ₹41.4M

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<a href="https://www.fairvalue-calculator.com/stock/MORGAN" target="_blank" rel="noopener" style="display:inline-flex;align-items:center;gap:12px;box-sizing:border-box;font-family:system-ui,-apple-system,Segoe UI,Roboto,sans-serif;text-decoration:none;background:#0f1814;color:#eaf2ed;border:1px solid #2a3a30;border-radius:12px;padding:12px 16px;max-width:360px"><span style="line-height:1.35"><span style="font-size:12px;color:#9fb0a8">MORGAN · Fair Value</span><br><b style="font-size:20px">₹83.74</b> <span style="color:#7BB290;font-weight:700;font-size:14px">+82%</span></span><span style="font-size:11px;color:#7BB290;font-weight:700;margin-left:auto;text-align:right;line-height:1.3">Fair&nbsp;Value<br>Calculator&nbsp;→</span></a>

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

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Frequently asked questions

Is MORGAN (MORGAN) undervalued?

As of Jul 5, 2026, our model estimates a fair value of ₹83.74 versus a price of ₹45.93 — about +82% (undervalued). Model-based estimate, not financial advice.

What is the fair value of MORGAN?

Our model-based fair value for MORGAN is ₹83.74 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹45.93.

What is the quality score of MORGAN?

MORGAN has a Quality Score of 30/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

What is the revenue of MORGAN (MORGAN)?

MORGAN reported trailing-twelve-month revenue of about ₹307M (latest available figure, as of Jul 5, 2026).

What is the net profit margin of MORGAN?

The net profit margin of MORGAN is about 13.5%, meaning it keeps roughly 13.5% of revenue as net income. 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.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.