Niyogin Fintech Ltd (NIYOGIN) Fair Value & Analysis

Financial Services · IN · Market cap ₹4.8B

Below-average quality, and screening another 80% overvalued on our models.

What matters now

• The price sits above even our optimistic bull case (₹14.85). The favourable scenario is already priced in.
• Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
• The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
• A fairly wide model range (₹7.84 to ₹14.85) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range ₹28.85 – ₹116.00 · fair‑value band ₹7.84 – ₹14.85 · the ₹58.10 price screens above the ₹11.88 fair value. Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Niyogin Fintech Ltd (NIYOGIN) currently trades at ₹58.10, while our model-based Fair Value estimate is ₹11.88, implying the stock looks roughly 79.6% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Financial Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Niyogin Fintech Ltd generated revenue of ₹2.9B at a net margin of -0.2%. Revenue grew 3.4% year over year. It earns a return on equity of 0.1%. Net debt stands at ₹1.7B. Fundamentals as of Aug 19, 2026

Our scenario range runs from ₹7.84 (bear case) to ₹14.85 (bull case); at ₹58.10, the current price sits above 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 29% below its 52-week high and 92% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at -80%, NIYOGIN screens richer 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.

Key figures & financial health

Quality Score breakdown

About the company

Niyogin Fintech Limited, together with its subsidiaries, operates as a non-banking finance company in India. The company operates iServeU, a banking-as-a-service payment platform for payment acquiring, issuing, accounts, lending, withdrawal, deposit, remittance, insurance, and customer KYC; Moneymap, an investment platform that offers financial advisory …

Full company description

Niyogin Fintech Limited, together with its subsidiaries, operates as a non-banking finance company in India. The company operates iServeU, a banking-as-a-service payment platform for payment acquiring, issuing, accounts, lending, withdrawal, deposit, remittance, insurance, and customer KYC; Moneymap, an investment platform that offers financial advisory services; and Moneyfront, a digital platform for wealth advisory and analytics B2C investments for individuals, wealth analytics and a corporate treasury management platform. It also provides working capital and business term loans, supply chain loans, and other short duration and secured loans to MSMEs; wealth products, such as mutual funds, bonds, corporate deposits, PMS, etc.; and reporting and analytical tools to other private wealth outfits. The company was formerly known as M3 Global Finance Limited and changed its name to Niyogin Fintech Limited in June 2017. Niyogin Fintech Limited was incorporated in 1988 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Niyogin Fintech Ltd reported revenue of ₹2.2B in FY2025 versus ₹1.0B in FY2021, a compound +21.4%/yr. Reported net income was −₹4.7M in FY2025.

NIYOGIN screens 80% overvalued. Compare with Visa Inc →

Peer Group

Credit Services · 336 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.

Valuation Multiples vs Credit Services median · lower = cheaper

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.

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

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Frequently asked questions

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.