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SRG HOUSING FINANCE ORD (BSE) (SRGHFL) Fair Value & Analysis

Financial Services · IN · Market cap ₹4.8B

SH SRG HOUSING FINANCE ORD (BSE) SRGHFL · NSE
Price₹266.35
Fair Value₹151.16
Upside-43.3%
Quality41/100
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Healthy Growth
Highly profitable · 27.3% net margin
High debt · generates free cash flow
Trails peers (5/13)
Moderate moat 64/100
Evidence: High Range ₹151.16 – ₹285.74 Share as image

Fair value as of: Aug 13, 2026

From 11 valuation models · updated 4 days ago

Share price −14.8% over the past month.

Below-average quality, and screening another 43% overvalued on our models.

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What matters now

  • Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹151.16 to ₹285.74) leaves room in how you read the outcome.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (3 years)

₹404.90 ₹232.60 Fair Value ₹151.16 Aug 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

36‑month range ₹232.60 – ₹404.90 · fair‑value band ₹151.16 – ₹285.74 · the ₹266.35 price screens above the ₹151.16 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SRG HOUSING FINANCE ORD (BSE) (SRGHFL) currently trades at ₹266.35, while our model-based Fair Value estimate is ₹151.16, implying the stock looks roughly 43.3% overvalued today. The Quality Score stands at 41/100 (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: high).

Over the trailing twelve months, SRG HOUSING FINANCE ORD (BSE) generated revenue of ₹1.2B at a net margin of 27.3%. Revenue grew 23.8% year over year. It earns a return on equity of 11.6%. Net debt stands at ₹8.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹151.16 (bear case) to ₹285.74 (bull case); at ₹266.35, the current price sits within 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 20% 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 -35% fair-value upside, at -43%, SRGHFL 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.

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 ₹107.73 ₹598.43 80
Rev-Margin DCF ₹341.57 74
P/E Multiple ₹201.69 ₹268.92 ₹336.16 63
All 11 models by family
DCF Models
Owner Earnings ₹227.97 ₹1,074 31
5Y P/E Exit ₹351.59 38
10Y P/E Exit ₹46.87 ₹513.12 35
Earnings-Based
Graham-Dodd ₹140.67 ₹981.00 ₹1,377 54
Lynch FV ₹501.46 ₹716.37 ₹931.29 50
Multiples
P/E Multiple ₹201.69 ₹268.92 ₹336.16 63
P/B Multiple ₹198.49 ₹264.66 ₹330.82 55
Asset-Based
NCAV (Graham) ₹94.52 ₹126.66 ₹189.04 50
Growth DCF
Growth DCF ₹107.73 ₹598.43 80
Rev-Margin DCF ₹341.57 74
Economic Profit
Residual Income ₹167.70 ₹188.57 ₹332.76 61

Widest divergence: Earnings-Based (₹716.37) versus DCF Models (₹46.87). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹1.2B
Revenue growth (YoY) +23.8%
Net margin 27.3%
Return on equity 11.6%
Free cash flow ₹355M FY2026
P/E ratio 12.9
More key figures
Operating margin 34.6%
EPS (TTM) ₹20.69
EPS growth (YoY) +33.0%
Net debt ₹8.4B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 42 · Market factors (momentum, volatility) 47

Profitability 33
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 10
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

SRG Housing Finance Limited operates as a housing finance company in India. The company offers home loans, including construction, repair renovation and extension, new purchase, resale home purchase, plot and construction, and builder/project loans; loans against residential and commercial properties; balance transfer loan; and top-up loans.

Full company description

SRG Housing Finance Limited operates as a housing finance company in India. The company offers home loans, including construction, repair renovation and extension, new purchase, resale home purchase, plot and construction, and builder/project loans; loans against residential and commercial properties; balance transfer loan; and top-up loans. It offers its services to low- and middle-income individuals, including self-employed individuals and small to medium-sized business owners. The company was incorporated in 1999 and is headquartered in Udaipur, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SRG HOUSING FINANCE ORD (BSE) reported revenue of ₹2.0B in FY2026 versus ₹732M in FY2022, a compound +28.5%/yr. Reported net income was ₹325M in FY2026, compounding +12.4%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹2.0B
Latest YoY
+40.9%
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.
+33.7%
Avg. growth/yr (5Y) 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.
+24.3%
Avg. growth/yr (6Y) 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.
+20.6%
Revenue +28.5%/yr
FY22 ₹732M
FY23 ₹835M
FY24 ₹756M
FY25 ₹1.4B
FY26 ₹2.0B
Net income +12.4%/yr
FY22 ₹203M
FY23 ₹171M
FY24 ₹211M
FY25 ₹244M
FY26 ₹325M

SRGHFL screens 43% overvalued. Compare with Federal Home Loan Mortgage Corporation →

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Cite: Fair Value Calculator (2026). "SRG HOUSING FINANCE ORD (BSE) Fair Value". https://www.fairvalue-calculator.com/stock/SRGHFL

Peer Group

Mortgage Finance · 91 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 43 · Bottom 25%
Fair Value upside −43% · Below median
Return on equity (TTM) 12% · Below median
Return on assets 3% · Top 25%
Net margin (TTM) 27% · Below median
Operating margin (TTM) 35% · Below median
Revenue growth 24% · Above median
Debt / equity 2.89× · Lower than median

Valuation Multiples vs Mortgage Finance median · lower = cheaper

P/E (TTM) 12.9× · Cheaper than median
P/B 1.62× · Pricier than 75% of peers
P/S (TTM) 4.06× · Pricier than median
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 28.7× · Pricier 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.

VALUE 0 · sector 0
FUTURE 100 · sector 100
PAST 46 · sector 55
HEALTH 0 · sector 0
DIVIDEND 0 · sector 100

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Mortgage Finance stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Frequently asked questions

Is SRG HOUSING FINANCE ORD (BSE) (SRGHFL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹151.16 versus a price of ₹266.35, about −43% (overvalued).
What is the fair value of SRGHFL?
Our model-based fair value for SRG HOUSING FINANCE ORD (BSE) is ₹151.16 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹266.35.
What is the quality score of SRGHFL?
SRG HOUSING FINANCE ORD (BSE) has a Quality Score of 41/100. 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 SRG HOUSING FINANCE ORD (BSE) (SRGHFL)?
SRG HOUSING FINANCE ORD (BSE) reported trailing-twelve-month revenue of about ₹1.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SRGHFL?
The net profit margin of SRG HOUSING FINANCE ORD (BSE) is about 27.3%, meaning it keeps roughly 27.3% 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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