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Starteck Finance Limited (STARTECK) Fair Value & Analysis

Financial Services · IN · Market cap ₹2.8B

SF Starteck Finance Limited STARTECK · NSE
Price₹259.95
Fair Value₹257.19
Upside-1.1%
Quality53/100
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Weak Growth
Highly profitable · 75.8% net margin
Moderate debt · generates free cash flow
0.09% dividend yield
Mixed vs. peers (8/14)
Wide moat 71/100
Evidence: High Range ₹212.47 – ₹387.17 Share as image

Fair value as of: Aug 13, 2026

From 12 valuation models · updated 4 days ago

Share price −4.0% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹212.47 to ₹387.17) 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 (4 years)

₹409.31 ₹107.55 Fair Value ₹257.19 May 2022 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

51‑month range ₹107.55 – ₹409.31 · fair‑value band ₹212.47 – ₹387.17 · the ₹259.95 price screens above the ₹257.19 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Starteck Finance Limited (STARTECK) currently trades at ₹259.95, while our model-based Fair Value estimate is ₹257.19, implying the stock looks roughly 1.1% fairly valued today. The Quality Score stands at 53/100 (solid 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, Starteck Finance Limited generated revenue of ₹311M at a net margin of 75.8%. Revenue grew 30.9% year over year. It earns a return on equity of 9.5%. Net debt stands at ₹3.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹212.47 (bear case) to ₹387.17 (bull case); at ₹259.95, 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 27% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -45% fair-value upside, at -1%, STARTECK 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 ₹137.07 ₹580.31 ₹1,294 80
Residual Income ₹221.95 ₹240.57 ₹321.31 76
Rev-Margin DCF ₹182.14 74
All 12 models by family
DCF Models
5Y P/E Exit ₹291.04 ₹719.85 38
10Y P/E Exit ₹32.92 ₹396.66 ₹965.99 35
Earnings-Based
Graham-Dodd ₹162.02 ₹1,130 ₹1,586 54
Lynch FV ₹583.73 ₹833.90 ₹1,084 50
Dividend Discount
Gordon GGM ₹0.5900 ₹1.18 ₹1.78 70
DDM Multi-Stage ₹0.5900 ₹1.02 ₹1.24 61
Multiples
P/E Multiple ₹232.30 ₹309.73 ₹387.17 63
P/B Multiple ₹278.60 ₹371.47 ₹464.33 55
Asset-Based
NCAV (Graham) ₹132.67 ₹177.77 ₹265.33 50
Growth DCF
Growth DCF ₹137.07 ₹580.31 ₹1,294 80
Rev-Margin DCF ₹182.14 74
Economic Profit
Residual Income ₹221.95 ₹240.57 ₹321.31 76

Widest divergence: Earnings-Based (₹833.90) versus Dividend Discount (₹1.02). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹311M
Revenue growth (YoY) +30.9%
Net margin 75.8%
Return on equity 9.5%
Free cash flow ₹326M FY2026
P/E ratio 10.9
More key figures
Operating margin 88.4%
EPS (TTM) ₹23.82
Dividend yield 0.1%
EPS growth (YoY) +272%
Net debt ₹3.5B FY2026

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 46

Profitability 37
Margins and returns on capital today
Quality Growth 84
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 28
Balance sheet, leverage, solvency risk
Investment 11
Disciplined investing over empire-building
Low Volatility 83
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 82
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

Starteck Finance Limited operates as a non-banking financial company in India. The company offers financing solutions to retail, small and medium enterprise, and commercial customers in urban and semi-urban areas. The company was formerly known as Nivedita Mercantile and Financing Limited and changed its name to Starteck Finance Limited in November 2018.

Full company description

Starteck Finance Limited operates as a non-banking financial company in India. The company offers financing solutions to retail, small and medium enterprise, and commercial customers in urban and semi-urban areas. The company was formerly known as Nivedita Mercantile and Financing Limited and changed its name to Starteck Finance Limited in November 2018. Starteck Finance Limited was incorporated in 1985 and is based in Mumbai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Starteck Finance Limited reported revenue of ₹531M in FY2026 versus ₹289M in FY2022, a compound +16.4%/yr. Reported net income was ₹236M in FY2026, compounding +23.4%/yr from FY2022.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹531M
Latest YoY
+62.0%
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.
+23.5%
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.
−6.8%
Avg. growth/yr (24Y) 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.
+13.8%
Revenue +16.4%/yr
FY22 ₹289M
FY23 ₹282M
FY24 ₹373M
FY25 ₹328M
FY26 ₹531M
Net income +23.4%/yr
FY22 ₹102M
FY23 ₹218M
FY24 ₹161M
FY25 ₹104M
FY26 ₹236M
Character of growth · EPS growth decomposed (2015-2026) +13.9 % p.a.
Revenue per share +8.0 pp

of which total revenue +8.0 pp · buybacks/dilution +0.0 pp

EBIT margin +5.5 pp
Tax rate +0.7 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Starteck Finance Limited Fair Value". https://www.fairvalue-calculator.com/stock/STARTECK

Peer Group

Credit Services · 334 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 54 · Above median
Fair Value upside −1% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 4% · Above median
Net margin (TTM) 76% · Top 25%
Operating margin (TTM) 88% · Top 25%
Revenue growth 31% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%
Debt / equity 1.34× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 10.9× · Cheaper than median
P/B 1.08× · Pricier than median
P/S (TTM) 9.10× · Pricier than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 23.1× · 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 32 · sector 33
FUTURE 100 · sector 39
PAST 38 · sector 32
HEALTH 33 · sector 59
DIVIDEND 2 · sector 58

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $359.42 $198.27 -45%
Mastercard Incorporated MA $561.44 $221.87 -60%
Bajaj Finance Limited BAJFINANCE ₹1,094 ₹397.61 -64%
Shriram Finance Limited SHRIRAMFIN ₹1,117 ₹553.83 -50%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,918 ₹796.52 -58%
Tata Capital Limited TATACAP ₹367.05 ₹149.40 -59%
Power Finance Corporation PFC ₹376.50 ₹615.85 +64%
Muthoot Finance Limited MUTHOOTFIN ₹2,876 ₹3,429 +19%
Indian Railway Finance Corporation IRFC ₹88.35 ₹69.72 -21%
REC Limited RECLTD ₹346.00 ₹692.00 +100%

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Frequently asked questions

Is Starteck Finance Limited (STARTECK) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹257.19 versus a price of ₹259.95, about −1% (fairly valued).
What is the fair value of STARTECK?
Our model-based fair value for Starteck Finance Limited is ₹257.19 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹259.95.
What is the quality score of STARTECK?
Starteck Finance Limited has a Quality Score of 53/100. 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 Starteck Finance Limited (STARTECK)?
Starteck Finance Limited reported trailing-twelve-month revenue of about ₹311M (latest available figure, as of Aug 13, 2026).
What is the net profit margin of STARTECK?
The net profit margin of Starteck Finance Limited is about 75.8%, meaning it keeps roughly 75.8% of revenue as net income. Based on the latest reported figures.
Does Starteck Finance Limited pay a dividend?
Starteck Finance Limited currently shows a dividend yield of about 0.09% relative to its recent price (as of Aug 13, 2026).

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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