Sangam Finserv Ltd (SANGAMFIN) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Sangam Finserv Ltd ₹18.26, price ₹32.00, upside -42.9%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range ₹5.01 – ₹69.51 · the ₹32.00 price screens above the ₹18.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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Sangam Finserv Limited, a non-banking finance company, engages in financial and investment activities in India. It offers secured business loans and corporate loans, as well as investment products and services. The company was formerly known as Suchitra Finance & Trading Company Limited and changed its name to Sangam Finserv Limited in June 2023.
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Sangam Finserv Limited, a non-banking finance company, engages in financial and investment activities in India. It offers secured business loans and corporate loans, as well as investment products and services. The company was formerly known as Suchitra Finance & Trading Company Limited and changed its name to Sangam Finserv Limited in June 2023. The company was incorporated in 1981 and is based in Mumbai, India. Sangam Finserv Limited is a subsidiary of Marigold Investrade Private Limited.
Stock analysis
Sangam Finserv Ltd (SANGAMFIN) currently trades at ₹32.00, while our model-based Fair Value estimate is ₹18.26, 42.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of ₹52.35 per share, and 1 of the 9 models we run sit above the ₹32.00 price.
Bear case: the Earnings-Based group reads lowest at ₹5.81, and 8 of the 9 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Sangam Finserv Ltd reported revenue of ₹123M in FY2026 versus ₹114M in FY2022, a compound +2.0%/yr. Reported net income was ₹32.6M in FY2026, compounding −19.0%/yr from FY2022.
Key figures
Market cap ₹1.5B (≈ $15.4M) · P/E ratio 16.8 · P/S ratio 4.44 · EPS (TTM) ₹1.91 · Net margin 26.5% · Return on equity 2.4% · Return on assets 1.9% · Operating margin 88.1%.
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 about 29% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −43%, SANGAMFIN screens richer than that median.
Fair Value models
Bear ₹18.26Fair Value ₹18.26Bull ₹18.26
Price ₹32.00 · Upside -42.9%
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. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹1.01 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.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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−15.9%
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.
−0.6%
’22
’23
’24
’25
’26
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.
−15.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−15.5%
Dividend (yield on the price)0.0%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+0.0%
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 −4.0% a year for the price.
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.Credit Services · 319 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−42.9% · Bottom 25%
Profitability
Return on equity (TTM)2.4% · Below median
Return on assets1.9% · Below median
Net margin (TTM)45.8% · Top 25%
Operating margin (TTM)88.1% · Top 25%
Growth and dividend
Revenue growth106.7% · Top 25%
Valuation Multiplesvs Credit Services median · lower = cheaper
P/E (TTM)16.8× · Pricier than median
P/B1.09× · Pricier than median
P/S (TTM)7.69× · Priciest 25%
P/FCF9.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 61
FUTURE (revenue growth)100· sector 53
PAST (return on equity)10· sector 32
HEALTH (low debt)0· sector 56
DIVIDEND (yield)0· sector 63
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 Sangam Finserv Ltd (SANGAMFIN) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of ₹18.26 versus a price of ₹32.00, about −43% upside (overvalued).
What is the fair value of SANGAMFIN?
Our model-based fair value for Sangam Finserv Ltd is ₹18.26 (as of Oct 3, 2026), built from audited fundamentals. The current price: ₹32.00.
What is the quality score of SANGAMFIN?
Sangam Finserv Ltd has a Quality Score of 67/100. 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 Sangam Finserv Ltd (SANGAMFIN)?
Our model-based price target is the fair value of ₹18.26 (as of Oct 3, 2026) from 9 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Sangam Finserv Ltd stock forecast for 2026?
Our models put fair value at ₹18.26, about −43% upside versus a price of ₹32.00 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Sangam Finserv Ltd (SANGAMFIN)?
Sangam Finserv Ltd reported trailing-twelve-month revenue of about ₹194M (latest available figure, as of Oct 3, 2026).
What growth is priced into Sangam Finserv Ltd (SANGAMFIN)?
For today's price to be fair in a discounted-cash-flow model, Sangam Finserv Ltd would have to grow free cash flow by +0.0 % per year for five years (discount rate 12.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +2.0 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of SANGAMFIN use?
Our models discount Sangam Finserv Ltd at 12.4 %: a base by market capitalisation (nano), 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 Sangam Finserv Ltd that is +0.0 % per year a year over ten years, using the same discount rate (12.4 %) and the same formula as our fair value.
How much growth has Sangam Finserv Ltd (SANGAMFIN) delivered so far?
Over the past 4 years revenue at Sangam Finserv Ltd grew +2.0 % a year. The price currently implies +0.0 % 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 Sangam Finserv Ltd (SANGAMFIN) growing?
The median revenue growth in the sector is +1.5 % a year. That is the yardstick for the growth priced into Sangam Finserv Ltd (+0.0 % 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 Sangam Finserv Ltd (SANGAMFIN)?
The free-cash-flow yield on the price is 10.14 %: that much free cash flow Sangam Finserv Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Sangam Finserv Ltd (SANGAMFIN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sangam Finserv Ltd it is ₹18.26 per share (as of Oct 3, 2026), against a price of ₹32.00. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Sangam Finserv Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, SANGAMFIN trades above its calculated fair value: price ₹32.00, fair value ₹18.26, a gap of about −43% (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 SANGAMFIN?
No. The price is what the market pays today (₹32.00); the fair value is what the company's own numbers justify (₹18.26). For Sangam Finserv Ltd the two are ₹13.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sangam Finserv Ltd worth?
The market values Sangam Finserv Ltd at about ₹1.5B (market capitalisation, as of Oct 3, 2026). Per share that is ₹32.00; our models calculate a fair value of ₹18.26 per share.
What is the P/E ratio of SANGAMFIN?
Sangam Finserv Ltd trades at a price-to-earnings ratio of 16.8 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹18.26 is built from several models across several years. Other multiples: P/B 1.1, P/S 7.7.
How solid is the balance sheet of Sangam Finserv Ltd (SANGAMFIN)?
Balance-sheet figures for Sangam Finserv Ltd (as of Oct 3, 2026): return on equity 2.4%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is SANGAMFIN from its 52-week high?
Sangam Finserv Ltd trades at ₹32.00, about 29% below its 52-week high of ₹45.00 and 19% above the low of ₹26.88 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of ₹18.26 is for.
Which stocks are comparable to Sangam Finserv Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Sangam Finserv Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price ₹32.00, calculated fair value ₹18.26 (−43%), Quality Score 67/100, from 9 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 SANGAMFIN calculated?
We run Sangam Finserv Ltd through 9 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 ₹18.26, 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 14.6 % above its aggregate fair value. Sangam Finserv 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 Sangam Finserv Ltd (SANGAMFIN)?
The closing price on Oct 9, 2026 was ₹32.00. Our model-based fair value is ₹18.26, about −43% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sangam Finserv Ltd right now?
The price sits above even our optimistic bull case (₹18.26). 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 (67/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Sangam Finserv Ltd
How large is the market capitalisation of Sangam Finserv Ltd (SANGAMFIN)?
The market capitalisation of Sangam Finserv Ltd is ₹1.5B (≈ $15.4M). 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 Sangam Finserv Ltd (SANGAMFIN)?
The price-to-sales ratio of Sangam Finserv Ltd is 4.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sangam Finserv Ltd (SANGAMFIN)?
Earnings per share at Sangam Finserv Ltd are ₹1.91 (price ÷ EPS = P/E 16.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Sangam Finserv Ltd (SANGAMFIN)?
The net margin of Sangam Finserv Ltd is 26.5% (fiscal year 2026). 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 Sangam Finserv Ltd (SANGAMFIN)?
The return on equity (ROE) of Sangam Finserv Ltd is 2.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the return on assets of Sangam Finserv Ltd (SANGAMFIN)?
The return on assets (ROA) of Sangam Finserv Ltd is 1.9% (last twelve months). Profit relative to everything the company owns. Harder to inflate than return on equity because debt does not boost it.
What is the operating margin of Sangam Finserv Ltd (SANGAMFIN)?
The operating margin of Sangam Finserv Ltd is 88.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sangam Finserv Ltd (SANGAMFIN)?
Revenue at Sangam Finserv Ltd is growing +107% versus a year earlier (3y avg −0.6%). 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 Sangam Finserv Ltd (SANGAMFIN)?
Earnings per share at Sangam Finserv Ltd are growing +133% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Sangam Finserv Ltd (SANGAMFIN) carry?
The net debt of Sangam Finserv Ltd is ₹392M (fiscal year 2026, ≈ 2.6 yrs of FCF). 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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