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Last Updated: April 2, 2026, 4:34 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 531502 | NSE: ESARIND

Esaar (India) Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹10.58Undervalued by 30.62%vs CMP ₹8.10

P/E (15.0) × ROE (7.9%) × BV (₹10.90) × DY (2.00%)

Defaults: P/E=15

₹22.71Undervalued by 180.37%vs CMP ₹8.10
MoS: +64.3% (Strong)Confidence: 33/100 (Low)Models: 2 Under, 2 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹5.8639%Over (-27.7%)
Net Asset ValueAssets₹10.7324%Under (+32.5%)
ROCE CapitalReturns₹87.9220%Under (+985.4%)
Revenue MultipleRevenue₹3.6618%Over (-54.8%)
Consensus (4 models)₹22.71100%Undervalued
Key Drivers: EPS CAGR -44.6% drags value — could be higher if earnings stabilize. | Wide model spread (₹4–₹88) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -44.6% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

47
Esaar (India) Ltd scores 47/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health37/100 · Weak
ROCE 5.0% WeakROE 7.9% AverageD/E 1.53 High debtInterest Coverage 0.0x RiskyProfitable 3/5 years Mixed
Smart Money60/100 · Moderate
Promoter increased by 1.09% Positive
Earnings Quality40/100 · Moderate
OPM contracting (7% → -12%) Declining
Quarterly Momentum70/100 · Strong
Revenue (4Q): +71% YoY AcceleratingProfit (4Q): -670% YoY DecliningOPM: 152.0% (up 152.7% YoY) Margin expansion
Industry Rank40/100 · Moderate
ROCE 5.0% vs industry 21.7% Below peers3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Esaar (India) Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
60/100
Moderate
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 0.0 vs Ind 98.5 | ROCE 5.0% | ROE 7.9% | CFO/NP N/A
Balance Sheet Stress
70/100
Stressed
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.53x | IntCov 0.0x | Current 1.63x | Borrow/Reserve 47.00x
Cash Flow Reliability
86/100
Strong
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹-2 Cr | CFO/NP N/A
Ownership Accumulation
+25
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII N/A | DII N/A | Prom +1.09 pp
Business Momentum
+100
Early weakness
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -80.9% | Q NP -172.6% | Q OPM +54.6 pp
Derived FieldValueHow it is derived
Valuation Gap %+180.4%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves47.00xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII ChangeN/ALatest FII% minus previous FII%
DII ChangeN/ALatest DII% minus previous DII%
Promoter Change+1.09 ppLatest promoter% minus previous promoter%
Shareholder Count Change-369Latest shareholder count minus previous count
Quarterly Sales Change-80.9%Latest quarter sales vs previous quarter sales
Quarterly Profit Change-172.6%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+54.6 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:34 am

Market Cap 16.6 Cr.
Current Price 8.10
Intrinsic Value₹22.71
High / Low 20.1/7.66
Stock P/E
Book Value 10.9
Dividend Yield0.00 %
ROCE5.00 %
ROE7.93 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Esaar (India) Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Modern Shares & Stockbrokers Ltd 8.02 Cr. 27.4 53.0/24.738.2 44.40.00 %3.32 %1.74 % 10.0
Monarch Networth Capital Ltd 2,109 Cr. 266 399/23513.2 1110.38 %33.3 %26.2 % 10.0
Monotype India Ltd 28.1 Cr. 0.40 0.84/0.374.49 0.030.00 %286 %% 1.00
Multipurpose Trading & Agencies Ltd 3.98 Cr. 8.05 11.5/7.58 9.250.00 %3.68 %3.38 % 10.0
Munoth Financial Services Ltd 9.17 Cr. 17.8 69.9/17.8 19.90.00 %2.41 %3.38 % 10.0
Industry Average6,725.79 Cr1,029.6498.514,364.490.43%21.71%14.20%7.23

All Competitor Stocks of Esaar (India) Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 4.853.961.044.260.730.466.044.741.472.521.9614.522.77
Expenses 2.970.400.830.711.944.674.0820.981.481.3715.770.38-1.44
Operating Profit 1.883.560.213.55-1.21-4.211.96-16.24-0.011.15-13.8114.144.21
OPM % 38.76%89.90%20.19%83.33%-165.75%-915.22%32.45%-342.62%-0.68%45.63%-704.59%97.38%151.99%
Other Income 0.772.120.54-0.000.088.850.7816.330.05-0.000.120.260.37
Interest 1.852.262.212.181.880.571.190.930.472.793.384.782.97
Depreciation 0.010.010.050.050.050.050.050.050.050.050.050.050.05
Profit before tax 0.793.41-1.511.32-3.064.021.50-0.89-0.48-1.69-17.129.571.56
Tax % 5.06%14.08%-0.00%-0.00%3.92%29.60%4.67%-2.25%16.67%32.54%-0.00%-23.72%651.92%
Net Profit 0.752.93-1.501.32-3.182.831.44-0.87-0.57-2.24-17.1211.84-8.60
EPS in Rs 0.371.43-0.730.65-1.561.380.70-0.43-0.28-1.10-8.375.79-4.21

Last Updated: March 3, 2026, 10:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 4:55 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 169451-6122391971522
Expenses 1612651-7213313881516
Operating Profit 0-3-2001-9-11-411-2-06
OPM % 1%-36%-50%3%0%36%-79%-47%-44%57%-23%-1%26%
Other Income -1000001015282941
Interest 01100113377514
Depreciation 0000000000000
Profit before tax -1-4-30-00022161-2-8
Tax % -31%0%0%100%17%0%-642%17%2%23%160%44%
Net Profit -0-4-30-0022214-0-2-16
EPS in Rs -0.22-1.99-1.340.00-0.110.150.870.7610.282.19-0.23-1.10-7.89
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)25.00%100.00%0.00%950.00%-80.95%-100.00%
Change in YoY Net Profit Growth (%)0.00%75.00%-100.00%950.00%-1030.95%-19.05%

Esaar (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2015-2016 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:4%
3 Years:18%
TTM:-7%
Compounded Profit Growth
10 Years:4%
5 Years:%
3 Years:%
TTM:-963%
Stock Price CAGR
10 Years:1%
5 Years:71%
3 Years:33%
1 Year:138%
Return on Equity
10 Years:10%
5 Years:15%
3 Years:2%
Last Year:-8%

Last Updated: September 5, 2025, 3:26 pm

Balance Sheet

Last Updated: March 3, 2026, 2:55 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 8202020202020202020202020
Reserves 14-3-5-5-6-5-6-122241332
Borrowings 20-040111253081107425494
Other Liabilities 0822214131147313137
Total Liabilities 4226211717415360128159106109153
Fixed Assets 0-0-0-0-0-0-0002222
CWIP -0-0-0-0-0-0-0-0-0-0-0-0-0
Investments -0-0-0-0-0818112818181713
Other Assets 42262117173334481001398790138
Total Assets 4226211717415360128159106109153

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 113-10-2-0-40-12-29-4175-13
Cash from Investing Activity + 00000-8-97-178-40
Cash from Financing Activity + -0-121-01114754733-7212
Net Cash Flow 1000-13-2-010-10
Free Cash Flow 113-10-2-0-40-12-30-4372-13
CFO/OP 656%-405%26%293%-20%430%112%736%-367%-4,772%11,800%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-20.00-3.00-6.000.00-1.00-10.00-34.00-41.00-85.00-96.00-44.00-54.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 30000-46423936016852314
Inventory Days 3055094662,31820249118
Days Payable 0001103241,6111,631
Cash Conversion Cycle 3085094652,308-46-300-1,123360-1,34552314
Working Capital Days 9491,0541,6061,0995,000-99-269028449-1,161-711
ROCE %0%-10%-11%1%0%4%3%10%28%10%7%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 3.10%3.10%3.10%3.10%3.10%3.10%3.10%3.10%3.10%3.10%3.10%4.19%
Public 96.91%96.89%96.90%96.90%96.90%96.89%96.89%96.89%96.89%96.89%96.90%95.80%
No. of Shareholders 7,8107,8367,7798,7308,9159,20110,11310,97410,90310,67111,04310,674

Shareholding Pattern Chart

No. of Shareholders

Esaar (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) -1.10-0.242.1910.260.76
Diluted EPS (Rs.) -1.10-0.242.1910.260.76
Cash EPS (Rs.) -0.99-0.132.2110.260.75
Book Value[Excl.RevalReserv]/Share (Rs.) 11.4516.2021.8220.659.47
Book Value[Incl.RevalReserv]/Share (Rs.) 11.4516.2021.8220.659.47
Revenue From Operations / Share (Rs.) 7.223.199.034.4010.73
PBDIT / Share (Rs.) 1.973.856.4211.742.21
PBIT / Share (Rs.) 1.873.766.4111.732.21
PBT / Share (Rs.) -0.760.402.8410.450.90
Net Profit / Share (Rs.) -1.10-0.232.1910.260.75
PBDIT Margin (%) 27.23120.8071.12266.9620.62
PBIT Margin (%) 25.87117.7870.93266.8220.62
PBT Margin (%) -10.5512.6831.41237.588.44
Net Profit Margin (%) -15.19-7.4024.24233.317.04
Return on Networth / Equity (%) -9.59-1.4510.0349.687.98
Return on Capital Employeed (%) 15.5923.1029.3556.8118.64
Return On Assets (%) -2.06-0.452.8216.402.59
Total Debt / Equity (X) 2.321.272.391.931.53
Asset Turnover Ratio (%) 0.130.040.120.090.39
Current Ratio (X) 1.251.421.361.471.63
Quick Ratio (X) 1.251.411.361.451.61
Inventory Turnover Ratio (X) 47.270.000.000.000.00
Interest Coverage Ratio (X) 0.741.151.809.131.69
Interest Coverage Ratio (Post Tax) (X) 0.580.921.618.981.58
Enterprise Value (Cr.) 76.2656.33114.5090.4633.71
EV / Net Operating Revenue (X) 5.168.646.2010.061.54
EV / EBITDA (X) 18.967.158.723.777.45
MarketCap / Net Operating Revenue (X) 1.512.220.461.090.19
Price / BV (X) 0.950.430.190.230.22
Price / Net Operating Revenue (X) 1.512.220.461.090.19
EarningsYield -0.10-0.030.522.140.36

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Esaar (India) Ltd. is a Public Limited Listed company incorporated on 23/08/1951 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L67120MH1951PLC222871 and registration number is 222871. Currently company belongs to the Industry of Finance & Investments. Company's Total Operating Revenue is Rs. 14.77 Cr. and Equity Capital is Rs. 20.44 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsShop No. 06, Prathamesh Avenue, Mumbai Maharashtra 400097Contact not found
Management
NamePosition Held
Mr. Vaibhav ShastriInd. Non-Executive Director
Mr. Rajesh Kumar A PandeyInd. Non-Executive Director
Mr. Bipin D VarmaWhole Time Director
Ms. Dipti Shashank YelveInd. Non-Executive Director

FAQ

What is the intrinsic value of Esaar (India) Ltd and is it undervalued?

As of 05 April 2026, Esaar (India) Ltd's intrinsic value is ₹22.71, which is 180.37% higher than the current market price of ₹8.10, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (7.93 %), book value (₹10.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Esaar (India) Ltd?

Esaar (India) Ltd is trading at ₹8.10 as of 05 April 2026, with a FY2026-2027 high of ₹20.1 and low of ₹7.66. The stock is currently near its 52-week low. Market cap stands at ₹16.6 Cr..

How does Esaar (India) Ltd's P/E ratio compare to its industry?

Esaar (India) Ltd has a P/E ratio of , which is below the industry average of 98.51. This is broadly in line with or below the industry average.

Is Esaar (India) Ltd financially healthy?

Key indicators for Esaar (India) Ltd: ROCE of 5.00 % is on the lower side compared to the industry average of 21.71%; ROE of 7.93 % is below ideal levels (industry average: 14.20%). Dividend yield is 0.00 %.

Is Esaar (India) Ltd profitable and how is the profit trend?

Esaar (India) Ltd reported a net profit of ₹-2 Cr in Mar 2025 on revenue of ₹15 Cr. Compared to ₹21 Cr in Mar 2022, the net profit shows a declining trend.

Does Esaar (India) Ltd pay dividends?

Esaar (India) Ltd has a dividend yield of 0.00 % at the current price of ₹8.10. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Esaar (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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