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TruCap Finance Limited (TRU) Fair Value & Analysis

Financial Services · IN · Market cap ₹499M

TF TruCap Finance Limited TRU · BSE
Price₹4.20
Fair Value₹7.07
Upside+68.4%
Quality41/100
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Strengths

Trades 41% below our fair value of ₹7.07

Risks

!Mixed Growth (revenue 5y +23.1 %/yr)
!Thin margins · 0.0% net margin
!High debt · generates free cash flow
!Mixed vs. peers (6/15)
Mixed Growth (revenue 5y +23.1 %/yr)
Thin margins · 0.0% net margin
High debt · generates free cash flow
Mixed vs. peers (6/15)
Narrow moat 8/100
Evidence: Low Range ₹4.35 – ₹10.47 Share as image

Fair value as of: Aug 24, 2026

From 2 valuation models · updated today

Share price −14.3% over the past month.

Below-average quality, screening 68% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The large discount to fair value meets weak quality (41/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (₹4.35). 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.
  • A fairly wide model range (₹4.35 to ₹10.47) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹177.75 ₹4.10 Fair Value ₹7.07 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range ₹4.10 – ₹177.75 · fair‑value band ₹4.35 – ₹10.47 · the ₹4.20 price screens below the ₹7.07 fair value. Dashed = 300-day average. As of Aug 24, 2026.

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Analysis

TruCap Finance Limited (TRU) currently trades at ₹4.20, while our model-based Fair Value estimate is ₹7.07, implying the stock looks roughly 68.4% undervalued today. The Quality Score stands at 41/100 (below-average 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: low), always confirm before acting.

Net debt stands at ₹3.2B. Fundamentals as of Aug 24, 2026

Our scenario range runs from ₹4.35 (bear case) to ₹10.47 (bull case); at ₹4.20, 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 69% below its 52-week high and 5% 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 68%, TRU 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 ₹83.11 ₹142.81 ₹225.89 80
NCAV (Graham) ₹2.15 ₹2.87 ₹4.29 50
All 2 models by family
Asset-Based
NCAV (Graham) ₹2.15 ₹2.87 ₹4.29 50
Growth DCF
Growth DCF ₹83.11 ₹142.81 ₹225.89 80

Widest divergence: Growth DCF (₹142.81) versus Asset-Based (₹2.87). Highest evidence: Growth DCF (80).

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Key figures & financial health

Return on equity -106% TTM
Return on assets -20.7% TTM
Operating margin -1,263% TTM
EPS (TTM) ₹-9.48
Revenue (TTM) −₹824M TTM
Revenue growth (YoY) -90.9% 3y avg -12.0%
More key figures
Growth
EPS growth (YoY) -66.7%
Balance sheet & cash flow
Free cash flow ₹1.3B FY2026
Net debt ₹3.2B FY2026 · ≈ 2.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 41/100

Of which business quality 43 · Market factors (momentum, volatility) 16

Profitability 1
Margins and returns on capital today
Quality Growth 4
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 7
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 4
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 70
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

TruCap Finance Limited, a non-banking finance company, provides loans in India. The company operates through Fund Based Activities and Advisory Services segments. It offers micro enterprise loans, SME loans, other structured business, personal loans, and gold loans, as well as related ancillary services.

Full company description

TruCap Finance Limited, a non-banking finance company, provides loans in India. The company operates through Fund Based Activities and Advisory Services segments. It offers micro enterprise loans, SME loans, other structured business, personal loans, and gold loans, as well as related ancillary services. TruCap Finance Limited was formerly known as Dhanvarsha Finvest Limited and changed its name to TruCap Finance Limited in August 2022. The company was incorporated in 1994 and is based in Mumbai, India. TruCap Finance Limited is a subsidiary Wilson Holdings Private Limited.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

TruCap Finance Limited reported revenue of ₹823M in FY2026 versus ₹731M in FY2022, a compound +3.0%/yr. Reported net income was −₹1.1B in FY2026.

Growth Quality 61/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹823M
Latest YoY
−58.1%
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.
−12.0%
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.
+23.1%
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Revenue +3.0%/yr
FY22 ₹731M
FY23 ₹1.2B
FY24 ₹1.6B
FY25 ₹2.0B
FY26 ₹823M
Net income
FY22 ₹39.8M
FY23 ₹6.3M
FY24 ₹110M
FY25 −₹593M
FY26 −₹1.1B

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

Peer Group

Credit Services · 336 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 41 · Bottom 25%
Fair Value upside +68% · Top 25%
Return on assets -21% · Bottom 25%
Net margin (TTM) 0% · Bottom 25%
Revenue growth -91% · Bottom 25%
Dividend yield (TTM) 0.2% · Bottom 25%
Debt / equity 6.50× · Higher than 75% of peers

Valuation Multiples vs Credit Services median · lower = cheaper

P/FCF 0.0× · 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
VALUE0 · sector 0
FUTURE69 · sector 69
PAST61 · sector 77
HEALTH45 · sector 94
DIVIDEND8 · sector 33

Insider activity: 40/100

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

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $359.42 $198.27 -45%
Mastercard Incorporated MA $573.72 $221.87 -61%
Bajaj Finance Limited BAJFINANCE ₹1,093 ₹397.70 -64%
Shriram Finance Limited SHRIRAMFIN ₹1,134 ₹553.82 -51%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,866 ₹796.47 -57%
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 TruCap Finance Limited (TRU) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of ₹7.07 versus a price of ₹4.20, about +68% (undervalued).
What is the fair value of TRU?
Our model-based fair value for TruCap Finance Limited is ₹7.07 (as of Aug 24, 2026), built from audited fundamentals. The current price: ₹4.20.
What is the quality score of TRU?
TruCap Finance Limited 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 net profit margin of TRU?
The net profit margin of TruCap Finance Limited 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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