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SUGAL & DAMANI SHARE BROKERS LTD. (SUGALDAM) Fair Value & Analysis

Financial Services · IN · Market cap ₹387M

SD SUGAL & DAMANI SHARE BROKERS LTD. SUGALDAM · BSE
Price₹65.00
Fair Value₹112.29
Upside+72.8%
Quality69/100
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Strengths

Trades 73% below our fair value of ₹112.29
Healthy Growth
Low debt · generates free cash flow
Ranks above peers (7/11)

Risks

!Thin margins · 0.0% net margin
!Weak on dividend: 7 out of 100
Healthy Growth
Thin margins · 0.0% net margin
Low debt · generates free cash flow
Ranks above peers (7/11)
Wide moat 67/100
Evidence: High Range ₹84.22 – ₹140.36 Share as image

Fair value as of: Aug 13, 2026

From 13 valuation models · updated 7 days ago

A solid business, screening 73% undervalued on our models.

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What matters now

  • The price is below even our cautious bear case (₹84.22). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • 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 (5 years)

₹136.62 ₹6.45 Fair Value ₹112.29 Aug 2020 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

60‑month range ₹6.45 – ₹136.62 · fair‑value band ₹84.22 – ₹140.36 · the ₹65.00 price screens below the ₹112.29 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

SUGAL & DAMANI SHARE BROKERS LTD. (SUGALDAM) currently trades at ₹65.00, while our model-based Fair Value estimate is ₹112.29, implying the stock looks roughly 72.8% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Financial Services sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Revenue declined 61.0% year over year. It earns a return on equity of 20.9%. The stock trades on a trailing P/E of 9.8. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹84.22 (bear case) to ₹140.36 (bull case); at ₹65.00, the current price sits below 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 46% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at -19% fair-value upside, at 73%, SUGALDAM 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 ₹157.74 ₹261.42 ₹452.16 80
Residual Income ₹43.46 ₹52.26 ₹118.81 76
Rev-Margin DCF ₹82.48 ₹129.70 ₹223.64 74
All 13 models by family
DCF Models
Owner Earnings ₹85.00 ₹175.56 ₹343.61 31
5Y P/E Exit ₹112.59 ₹223.15 ₹369.09 38
10Y P/E Exit ₹132.00 ₹250.27 ₹433.95 35
Earnings-Based
Graham-Dodd ₹44.92 ₹313.24 ₹439.58 54
Lynch FV ₹136.58 ₹195.12 ₹253.66 50
Dividend Discount
Gordon GGM ₹1.81 ₹3.25 ₹4.48 70
DDM Multi-Stage ₹1.81 ₹2.97 ₹3.48 61
Multiples
P/E Multiple ₹84.22 ₹112.29 ₹140.36 63
P/B Multiple ₹84.22 ₹112.29 ₹140.36 55
Asset-Based
NCAV (Graham) ₹23.94 ₹32.07 ₹47.87 50
Growth DCF
Growth DCF ₹157.74 ₹261.42 ₹452.16 80
Rev-Margin DCF ₹82.48 ₹129.70 ₹223.64 74
Economic Profit
Residual Income ₹43.46 ₹52.26 ₹118.81 76

Widest divergence: DCF Models (₹223.15) versus Dividend Discount (₹2.97). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) −₹7.1M
Revenue growth (YoY) -61.0%
Return on equity 20.9%
Free cash flow ₹77.0M FY2026
P/E ratio 9.8
Operating margin 8.8%
More key figures
EPS (TTM) ₹6.61
EPS growth (YoY) -73.2%
Net debt ₹996K FY2026

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 69 · Market factors (momentum, volatility) 27

Profitability 57
Margins and returns on capital today
Quality Growth 37
Are margins and returns improving?
Cashflow 98
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 49
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 10
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

Sugal & Damani Share Brokers Limited provides share broking services in India. It operates in two segments, Stock Brokering and Real Estate. The company offers equities and derivatives; depository services, including demarterilisation, account opening, and charges for DP; and online client and trading services.

Full company description

Sugal & Damani Share Brokers Limited provides share broking services in India. It operates in two segments, Stock Brokering and Real Estate. The company offers equities and derivatives; depository services, including demarterilisation, account opening, and charges for DP; and online client and trading services. It is also involved in buying, selling, and dealing in shares and other securities in secondary markets; and develops and sells plotted land. The company was formerly known as Sugal & Damani Finlease Limited and changed its name to Sugal & Damani Share Brokers Limited in December 2008. Sugal & Damani Share Brokers Limited was incorporated in 1993 and is based in Chennai, India.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

SUGAL & DAMANI SHARE BROKERS LTD. reported revenue of ₹197M in FY2026 versus ₹18.7M in FY2022, a compound +80.2%/yr. Reported net income was ₹41.3M in FY2026, compounding +31.8%/yr from FY2022.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹197M
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.
+138.6%
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.
+36.5%
Avg. growth/yr (11Y) 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 +80.2%/yr
FY22 ₹18.7M
FY23 ₹12.6M
FY24 ₹48.8M
FY25 ₹253M
FY26 ₹197M
Net income +31.8%/yr
FY22 ₹13.7M
FY23 ₹9.8M
FY24 ₹23.1M
FY25 ₹47.5M
FY26 ₹41.3M

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Cite: Fair Value Calculator (2026). "SUGAL & DAMANI SHARE BROKERS LTD. Fair Value". https://www.fairvalue-calculator.com/stock/SUGALDAM

Peer Group

Capital Markets · 434 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 69 · Top 25%
Fair Value upside +73% · Top 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 18% · Top 25%
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 9% · Below median
Revenue growth -61% · Bottom 25%
Dividend yield (TTM) 0.4% · Bottom 25%

Valuation Multiples vs Capital Markets median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than median
P/FCF 0.1× · Cheaper 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 15
FUTURE0 · sector 91
PAST84 · sector 30
HEALTH100 · sector 93
DIVIDEND7 · sector 38

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

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Frequently asked questions

Is SUGAL & DAMANI SHARE BROKERS LTD. (SUGALDAM) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹112.29 versus a price of ₹65.00, about +73% (undervalued).
What is the fair value of SUGALDAM?
Our model-based fair value for SUGAL & DAMANI SHARE BROKERS LTD. is ₹112.29 (as of Aug 13, 2026), built from audited fundamentals. The current price: ₹65.00.
What is the quality score of SUGALDAM?
SUGAL & DAMANI SHARE BROKERS LTD. has a Quality Score of 69/100. 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 net profit margin of SUGALDAM?
The net profit margin of SUGAL & DAMANI SHARE BROKERS LTD. is about 0.0%, meaning it keeps roughly 0.0% 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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