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Credo Brands Marketing Limited (MUFTI) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹5.0B

CB Credo Brands Marketing Limited MUFTI · BSE
Price₹77.05
Fair Value₹159.54
Upside+107.1%
Quality58/100
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Strengths

Trades 107% below our fair value of ₹159.54
Low debt · generates free cash flow
Ranks above peers (13/14)

Risks

!Mixed Growth
!Thin margins · 7.3% net margin
!Narrow moat 40/100
!Weak on future: 22 out of 100
Mixed Growth
Thin margins · 7.3% net margin
Low debt · generates free cash flow
Ranks above peers (13/14)
Narrow moat 40/100
Evidence: High Range ₹119.66 – ₹199.43 Share as image

Fair value as of: Aug 22, 2026

From 24 valuation models · updated today

Share price −7.7% over the past month.

A solid business, screening 107% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

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What matters now

  • The price is below even our cautious bear case (₹119.66). The market is more pessimistic than our downside scenario.
  • Solid quality (58/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (3 years)

₹304.29 ₹64.17 Fair Value ₹159.54 Dec 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

32‑month range ₹64.17 – ₹304.29 · fair‑value band ₹119.66 – ₹199.43 · the ₹77.05 price screens below the ₹159.54 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Credo Brands Marketing Limited (MUFTI) currently trades at ₹77.05, while our model-based Fair Value estimate is ₹159.54, implying the stock looks roughly 107.1% undervalued today. The Quality Score stands at 58/100 (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: high), always confirm before acting.

Over the trailing twelve months, Credo Brands Marketing Limited generated revenue of ₹6.0B at a net margin of 7.3%. Revenue grew 4.4% year over year. It earns a return on equity of 11.2%. Net debt stands at ₹359M. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹119.66 (bear case) to ₹199.43 (bull case); at ₹77.05, 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 39% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -52% fair-value upside, at 107%, MUFTI 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
Growth DCF ₹202.97 ₹314.94 ₹483.41 80
Residual Income ₹59.30 ₹66.52 ₹110.76 76
Rev-Margin DCF ₹123.70 ₹179.19 ₹246.38 74
All 24 models by family
DCF Models
FCF DCF ₹201.75 ₹317.68 ₹495.02 38
Owner Earnings ₹183.64 ₹288.73 ₹449.50 31
5Y Revenue Exit ₹123.70 ₹177.36 ₹244.30 39
5Y EBITDA Exit ₹199.71 ₹324.10 ₹471.84 41
5Y P/E Exit ₹145.89 ₹220.20 ₹299.04 38
10Y Revenue Exit ₹148.19 ₹204.75 ₹279.40 36
10Y EBITDA Exit ₹198.47 ₹306.07 ₹454.26 37
10Y P/E Exit ₹164.50 ₹234.33 ₹321.47 35
Earnings-Based
Graham-Dodd ₹49.31 ₹177.70 ₹239.54 54
Lynch FV ₹42.03 ₹60.05 ₹78.06 50
PEG = 1.0 ₹42.03 ₹60.05 ₹78.06 46
EPV ₹95.68 ₹109.52 ₹121.46 59
Multiples
P/E Multiple ₹119.66 ₹159.54 ₹199.43 63
P/S Multiple ₹81.49 ₹108.65 ₹135.82 58
P/B Multiple ₹92.46 ₹123.28 ₹154.11 55
EV/EBIT ₹172.80 ₹227.73 ₹282.65 53
EV/EBITDA ₹220.23 ₹290.96 ₹361.70 54
EV/Revenue ₹84.08 ₹116.67 ₹149.27 43
Asset-Based
NCAV (Graham) ₹33.54 ₹44.94 ₹67.07 50
Growth DCF
Growth DCF ₹202.97 ₹314.94 ₹483.41 80
Rev-Margin DCF ₹123.70 ₹179.19 ₹246.38 74
Economic Profit
Residual Income ₹59.30 ₹66.52 ₹110.76 76
ROIC Compounder ₹102.66 ₹129.97 ₹164.09 72
Growth Earnings
Growth-Adj P/E ₹82.33 ₹117.62 ₹152.91 68

Widest divergence: DCF Models (₹234.33) versus Asset-Based (₹44.94). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹6.0B
Revenue growth (YoY) +4.4%
Net margin 7.3%
Return on equity 11.2%
Free cash flow ₹1.1B FY2026
P/E ratio 11.6
More key figures
Operating margin 5.9%
EPS (TTM) ₹6.63
EPS growth (YoY) -63.9%
Net debt ₹359M FY2024

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 61 · Market factors (momentum, volatility) 27

Profitability 52
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 65
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 53
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 79
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

Credo Brands Marketing Limited retails men's casual wear under the MUFTI brand name in India. The company offers topwear, bottomwear, and outerwear products, such as shirts, t-shirts, trousers, sweatshirts, jeans, cargos, chinos, jackets, blazers, sweaters, party wear, and athleisure products, as well as authentic, relaxed, and urban casuals.

Full company description

Credo Brands Marketing Limited retails men's casual wear under the MUFTI brand name in India. The company offers topwear, bottomwear, and outerwear products, such as shirts, t-shirts, trousers, sweatshirts, jeans, cargos, chinos, jackets, blazers, sweaters, party wear, and athleisure products, as well as authentic, relaxed, and urban casuals. It also operates an online shop for its products. The company sells its products through multi-brand and exclusive brand outlets, large format stores, and online channels comprising its website and e-commerce marketplaces. Credo Brands Marketing Limited was founded in 1998 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Credo Brands Marketing Limited reported revenue of ₹5.9B in FY2026 versus ₹3.4B in FY2022, a compound +14.8%/yr. Reported net income was ₹474M in FY2026, compounding +7.3%/yr from FY2022.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹5.9B
Latest YoY
−4.2%
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.
+5.9%
Revenue +14.8%/yr
FY22 ₹3.4B
FY23 ₹5.0B
FY24 ₹5.7B
FY25 ₹6.2B
FY26 ₹5.9B
Net income +7.3%/yr
FY22 ₹357M
FY23 ₹775M
FY24 ₹592M
FY25 ₹684M
FY26 ₹474M

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Cite: Fair Value Calculator (2026). "Credo Brands Marketing Limited Fair Value". https://www.fairvalue-calculator.com/stock/MUFTI

Peer Group

Apparel 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 58 · Above median
Fair Value upside +107% · Top 25%
Return on equity (TTM) 11% · Above median
Return on assets 6% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth 4% · Above median
Dividend yield (TTM) 3.9% · Above median

Valuation Multiples vs Apparel Retail median · lower = cheaper

P/E (TTM) 11.6× · Cheaper than median
P/B 1.15× · Cheaper than median
P/S (TTM) 0.84× · Pricier than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 2.8× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 35
FUTURE22 · sector 19
PAST45 · sector 33
HEALTH100 · sector 100
DIVIDEND78 · sector 56

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

Similar stocks

10 more Apparel Retail stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Industria de Diseño Textil, S.A 1ITX €57.14 €23.29 -59%
The TJX Companies, Inc TJX $152.61 $84.95 -44%
Fast Retailing Co 6288 HK$37.20 HK$15.24 -59%
Ross Stores, Inc ROST $248.25 $118.41 -52%
Burlington Stores, Inc BURL $353.63 $143.65 -59%
Trent Limited TRENT ₹2,990 ₹709.49 -76%
lululemon athletica inc., LULU $120.87 $299.63 +148%
Aritzia Inc ATZ C$140.07 C$70.30 -50%
The Gap, Inc GAP $20.60 $36.44 +77%
Metro Brands Limited METROBRAND ₹943.80 ₹311.41 -67%

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Frequently asked questions

Is Credo Brands Marketing Limited (MUFTI) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹159.54 versus a price of ₹77.05, about +107% (undervalued).
What is the fair value of MUFTI?
Our model-based fair value for Credo Brands Marketing Limited is ₹159.54 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹77.05.
What is the quality score of MUFTI?
Credo Brands Marketing Limited has a Quality Score of 58/100. 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 Credo Brands Marketing Limited (MUFTI)?
Credo Brands Marketing Limited reported trailing-twelve-month revenue of about ₹6.0B (latest available figure, as of Aug 22, 2026).
What is the net profit margin of MUFTI?
The net profit margin of Credo Brands Marketing Limited is about 7.3%, meaning it keeps roughly 7.3% 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.

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