Shangar Decor Ltd (SHANGAR) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Shangar Decor Ltd ₹0.63, price ₹0.22, upside +186.4%, quality 39 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 4, 2026.
How to read this chart
60‑month range ₹0.1800 – ₹3.72 · fair‑value band ₹0.4600 – ₹0.7900 · the ₹0.2200 price screens below the ₹0.6300 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Shangar Décor Limited provides decoration and event management services in India. The company offers primary event services comprising pre wedding events, corporate events, religious events, property, and lights decoration services. It also provides catering services. Shangar Décor Limited was incorporated in 1995 and is based in Ahmedabad, India.
Stock analysis
Shangar Decor Ltd (SHANGAR) currently trades at ₹0.2200, while our model-based Fair Value estimate is ₹0.6300, implying the stock looks roughly 65.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1.33 per share, and 14 of the 14 models we run sit above the ₹0.2200 price.
Bear case: the Economic Profit group reads lowest at ₹0.3200, and 0 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹0.4600 (bear) to ₹0.7900 (bull), the price of ₹0.2200 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 39/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shangar Decor Ltd reported revenue of ₹233M in FY2026 versus ₹62.0M in FY2022, a compound +39.2%/yr. Reported net income was ₹14.7M in FY2026, compounding +131.0%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹108M (≈ $1.1M) · P/E ratio 5.5 · P/S ratio 0.35 · EPS (TTM) ₹0.0400 · Net margin 6.3% · Return on equity 2.5% · Return on assets (EBIT) 2.2% · Operating margin 17.8%.
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 37% below its 52-week high and 22% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at 186%, SHANGAR screens cheaper than that median.
Fair Value models
Bear ₹0.4600Fair Value ₹0.6300Bull ₹0.7900
Price ₹0.2200 · Upside +186.4%
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 (₹0.0206 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.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.2%
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.
+34.1%
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.
+46.5%
Start year 2021 (pandemic)
Revenue growth 7 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.
+20.7%
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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.
−27.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−27.1%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.10% → 9%
⚠ Revenue per share shrinking 37.7%/yr over ~5Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Specialty Business Services · 234 stocks
Beats the industry median on 9/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score39 · Bottom 25%
Fair Value upside+186.4% · Top 25%
Profitability
Return on equity (TTM)2.5% · Below median
Return on assets2.0% · Below median
Net margin (TTM)7.8% · Above median
Operating margin (TTM)17.8% · Top 25%
Growth and dividend
Revenue growth118.7% · Top 25%
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
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Is Shangar Decor Ltd (SHANGAR) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of ₹0.6300 versus a price of ₹0.2200, about +186% upside (undervalued).
What is the fair value of SHANGAR?
Our model-based fair value for Shangar Decor Ltd is ₹0.6300 (as of Oct 4, 2026), built from audited fundamentals. The current price: ₹0.2200.
What is the quality score of SHANGAR?
Shangar Decor Ltd has a Quality Score of 39/100. 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 Shangar Decor Ltd (SHANGAR)?
Our model-based price target is the fair value of ₹0.6300 (as of Oct 4, 2026) from 14 valuation models. Cautious scenario ₹0.4600, optimistic scenario ₹0.7900. It is a calculation from audited fundamentals, not an analyst target.
What is the Shangar Decor Ltd stock forecast for 2026?
Our models put fair value at ₹0.6300, about +186% upside versus a price of ₹0.2200 (undervalued). Cautious scenario ₹0.4600, optimistic scenario ₹0.7900. The calculation is refreshed regularly with new filings.
What is the revenue of Shangar Decor Ltd (SHANGAR)?
Shangar Decor Ltd reported trailing-twelve-month revenue of about ₹261M (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Shangar Decor Ltd (SHANGAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shangar Decor Ltd it is ₹0.6300 per share (as of Oct 4, 2026), against a price of ₹0.2200. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Shangar Decor Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, SHANGAR trades below its calculated fair value: price ₹0.2200, fair value ₹0.6300, a gap of about +186% (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 SHANGAR?
No. The price is what the market pays today (₹0.2200); the fair value is what the company's own numbers justify (₹0.6300). For Shangar Decor Ltd the two are ₹0.4100 per share apart. That gap is exactly why we show both numbers side by side.
How much is Shangar Decor Ltd worth?
The market values Shangar Decor Ltd at about ₹108M (market capitalisation, as of Oct 4, 2026). Per share that is ₹0.2200; our models calculate a fair value of ₹0.6300 per share.
What do the bullish and bearish scenarios say about SHANGAR?
Our models span a range for Shangar Decor Ltd: cautious scenario ₹0.4600, base ₹0.6300, optimistic ₹0.7900 per share (as of Oct 4, 2026, price ₹0.2200). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SHANGAR?
Shangar Decor Ltd trades at a price-to-earnings ratio of 5.5 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹0.6300 is built from several models across several years. Other multiples: P/B 0.2, P/S 0.4, EV/EBITDA 2.4.
How solid is the balance sheet of Shangar Decor Ltd (SHANGAR)?
Balance-sheet figures for Shangar Decor Ltd (as of Oct 4, 2026): return on equity 2.5%, debt of 0.11 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is SHANGAR from its 52-week high?
Shangar Decor Ltd trades at ₹0.2200, about 37% below its 52-week high of ₹0.3500 and 22% above the low of ₹0.1800 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹0.6300 is for.
Which stocks are comparable to Shangar Decor Ltd?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, 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 Shangar Decor Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price ₹0.2200, calculated fair value ₹0.6300 (+186%), Quality Score 39/100, from 14 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 SHANGAR calculated?
We run Shangar Decor Ltd through 14 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 ₹0.6300, 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 15.0 % above its aggregate fair value. Shangar Decor Ltd currently trades 65 % 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 Shangar Decor Ltd (SHANGAR)?
The closing price on Oct 1, 2026 was ₹0.2200. Our model-based fair value is ₹0.6300, about +186% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shangar Decor Ltd right now?
The large discount to fair value meets weak quality (39/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹0.4600). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Shangar Decor Ltd
How large is the market capitalisation of Shangar Decor Ltd (SHANGAR)?
The market capitalisation of Shangar Decor Ltd is ₹108M (≈ $1.1M). 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 Shangar Decor Ltd (SHANGAR)?
The price-to-sales ratio of Shangar Decor Ltd is 0.35 (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 Shangar Decor Ltd (SHANGAR)?
Earnings per share at Shangar Decor Ltd are ₹0.0400 (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shangar Decor Ltd (SHANGAR)?
The net margin of Shangar Decor Ltd is 6.3% (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 Shangar Decor Ltd (SHANGAR)?
The return on equity (ROE) of Shangar Decor Ltd is 2.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shangar Decor Ltd (SHANGAR)?
On an EBIT basis the return on assets of Shangar Decor Ltd is 2.2% (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.
What is the operating margin of Shangar Decor Ltd (SHANGAR)?
The operating margin of Shangar Decor Ltd is 17.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shangar Decor Ltd (SHANGAR)?
Revenue at Shangar Decor Ltd is growing +119% versus a year earlier (3y avg +34.1%). 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 Shangar Decor Ltd (SHANGAR)?
Earnings per share at Shangar Decor Ltd are growing −66.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shangar Decor Ltd (SHANGAR) generate?
The free cash flow of Shangar Decor Ltd is −₹17.9M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shangar Decor Ltd (SHANGAR) carry?
The net debt of Shangar Decor Ltd is ₹47.3M (fiscal year 2026). 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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