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Fusion Micro Finance Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹160.25Fairly Valued by 1.69%vs CMP ₹163.00

P/E (190.0) × ROE (0.7%) × BV (₹152.00) × DY (2.00%)

₹138.34Overvalued by 15.13%vs CMP ₹163.00
MoS: -17.8% (Negative)Confidence: 40/100 (Low)Models: 1 Under, 1 Fair, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹88.9836%Over (-45.4%)
Earnings PowerEarnings₹71.0817%Over (-56.4%)
Net Asset ValueAssets₹151.8117%Fair (-6.9%)
EV/EBITDAEnterprise₹7.4214%Over (-95.4%)
ROCE CapitalReturns₹457.2114%Under (+180.5%)
Consensus (5 models)₹138.34100%Overvalued
Key Drivers: EPS CAGR -44.5% drags value — could be higher if earnings stabilize. | P/E of 190 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -44.5%

*Investments are subject to market risks

Analyst Summary

Fusion Micro Finance Ltd operates in the Industry not found segment, NSE: FUSION | BSE: 543652, current market price is ₹163.00, market cap is 2,637 Cr.. At a glance, stock P/E is 190, ROE is 0.68 %, ROCE is 5.92 %, book value is 152, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹138.34, around 15.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹2,320 Cr versus the prior period change of 0.1%, while latest net profit is about ₹-1,225 Cr with a prior-period change of -342.6%. The 52-week range shown on this page is 225/136, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisFusion Finance Ltd. is a Public Limited Listed company incorporated on 05/09/1994 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L65100DL…

This summary is generated from the stock page data available for Fusion Micro Finance Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

48
Fusion Micro Finance Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health42/100 · Moderate
ROCE 5.9% WeakROE 0.7% WeakD/E 2.48 High debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 3.20% (6mo) AccumulatingDII holding down 4.97% MF sellingPromoter holding at 54.9% Stable
Earnings Quality50/100 · Moderate
Quarterly Momentum50/100 · Moderate
Industry Rank45/100 · Moderate
P/E 190.0 vs industry 469.3 Cheaper than peersROCE 5.9% vs industry 12.3% Below peersROE 0.7% vs industry 30.0% Below peers

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: June 12, 2026, 8:29 am

Market Cap 2,637 Cr.
Current Price 163
Intrinsic Value₹138.34
High / Low 225/136
Stock P/E190
Book Value 152
Dividend Yield0.00 %
ROCE5.92 %
ROE0.68 %
Face Value 10.0
PEG Ratio-4.27

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

View Share Price Target for Fusion Micro Finance Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Fusion Micro Finance Ltd 2,637 Cr. 163 225/136190 1520.00 %5.92 %0.68 % 10.0
Ador Fontech Ltd 1,930 Cr. 1,109 1,260/84823.0 3191.80 %22.5 %15.8 % 10.0
AKM Creations Ltd 1,808 Cr. 1,180 1,220/851229 39.70.00 %18.9 %13.9 % 10.0
Algoquant Fintech Ltd 1,515 Cr. 53.9 91.7/47.846.3 4.790.00 %31.4 %27.7 % 1.00
VRL Logistics Ltd 4,017 Cr. 230 325/22517.0 65.33.27 %17.9 %21.3 % 10.0
Industry Average10,566.29 Cr215.44469.28229.260.28%12.30%29.98%8.90

All Competitor Stocks of Fusion Micro Finance Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue459501531547593646688692474466434401416
Interest 168174183191201215223227214179149134123
Expenses 163192208213243286532884773458387318284
Financing Profit128134140143149145-67-420-513-171-101-529
Financing Margin %28%27%26%26%25%22%-10%-61%-108%-37%-23%-13%2%
Other Income 82022252029181291011328
Depreciation 2222232333222
Profit before tax 134152159166166172-51-410-508-165-92-2214
Tax % 23%25%24%24%24%23%-30%-26%42%0%0%0%0%
Net Profit 102115120126126133-36-305-719-165-92-2214
EPS in Rs 6.347.097.467.757.808.19-2.20-18.82-44.38-10.15-5.69-1.370.87
Gross NPA %3.69%3.46%3.20%2.68%3.04%2.89%5.46%9.41%12.58%7.92%5.43%4.61%4.38%
Net NPA %0.87%0.78%0.65%0.77%0.77%1.25%2.41%1.71%0.30%0.19%0.38%0.63%

Last Updated: March 3, 2026, 9:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:25 am

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue2664947208561,1511,7422,3172,3201,718
Interest 137254338375496643791844586
Expenses 1821722904376766389492,6461,447
Financing Profit-53689343-20461577-1,170-315
Financing Margin %-20%14%13%5%-2%26%25%-50%-18%
Other Income 1310175058964961
Depreciation 22345791211
Profit before tax -54681005724512663-1,133-265
Tax % -26%26%30%23%11%24%24%8%
Net Profit -3951704422387505-1,225-265
EPS in Rs -5.704.815.143.251.6123.9731.17-75.54-16.34
Dividend Payout % 0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)230.77%37.25%-37.14%-50.00%1659.09%30.49%-342.57%
Change in YoY Net Profit Growth (%)0.00%-193.51%-74.40%-12.86%1709.09%-1628.60%-373.07%

Fusion Micro Finance Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:%
5 Years:26%
3 Years:26%
TTM:-17%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-467%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:-44%
Return on Equity
10 Years:%
5 Years:-3%
3 Years:-5%
Last Year:-55%

Last Updated: September 5, 2025, 3:30 pm

Balance Sheet

Last Updated: June 4, 2026, 3:00 am

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 4162797983100101101162
Reserves 2145641,1201,1671,2552,2222,7481,5432,294
Borrowing1,6082,9292,9744,4325,7766,7788,6166,4025,571
Other Liabilities 1065667159177263310247268
Total Liabilities 1,9683,6114,2405,8387,2909,36411,7748,2938,295
Fixed Assets 566181921312745
CWIP 000000220
Investments 000000222
Other Assets 1,9633,6044,2335,8207,2719,34211,7398,2618,248
Total Assets 1,9683,6114,2405,8387,2909,36411,7748,2938,295

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + -597-1,418-749-793-1,641-1,663-1,3501,4481,146
Cash from Investing Activity + 1841520101818317412
Cash from Financing Activity + 7411,6315451,4591,4181,5841,843-2,214-67
Net Cash Flow 329229-184676-204-61524-6921,092
Free Cash Flow -599-1,421-753-801-1,647-1,671-1,3701,4411,145
CFO/OP -708%-433%-164%-177%-336%-140%-89%-453%248%

Free Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow181.00170.00288.00433.00671.00632.00941.00-4.00

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 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
ROE % 12%8%4%2%21%20%-55%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.18%68.18%67.92%57.70%57.71%57.71%57.71%57.71%57.71%55.02%54.96%54.92%
FIIs 5.98%5.43%5.15%6.74%5.97%3.95%2.82%0.56%1.69%2.99%3.92%4.89%
DIIs 13.56%16.51%15.37%22.81%23.28%22.79%19.19%18.13%16.91%12.57%11.88%11.94%
Public 12.00%9.62%11.02%12.26%12.65%15.17%19.90%23.24%23.32%29.19%29.01%28.03%
Others 0.28%0.25%0.54%0.48%0.40%0.37%0.37%0.37%0.37%0.23%0.23%0.23%
No. of Shareholders 35,52242,47859,39456,82456,75961,08777,70680,99977,22679,09776,68373,667

Shareholding Pattern Chart

No. of Shareholders

Fusion Micro Finance Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Value Fund 3,155,276 0.68 60.292,794,5862026-06-11 06:05:5612.91%
ICICI Prudential Banking and Financial Services 2,553,376 0.46 48.791,083,0432026-01-26 07:18:35135.76%
Aditya Birla Sun Life Banking and Financial Services Fund 1,008,352 0.54 19.27536,0792026-01-26 07:18:3588.1%
ITI ELSS Tax Saver Fund 287,489 1.27 5.49267,3502026-06-11 06:05:567.53%
ITI Banking and Financial Services Fund 251,114 1.32 4.8N/AN/AN/A
ITI Value Fund 238,741 1.29 4.56170,4782026-06-11 06:05:5640.04%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 50.3043.292.675.5610.47
Diluted EPS (Rs.) 50.1143.132.645.4910.47
Cash EPS (Rs.) 51.1139.323.286.059.14
Book Value[Excl.RevalReserv]/Share (Rs.) 283.06231.39161.67157.69151.85
Book Value[Incl.RevalReserv]/Share (Rs.) 283.06231.39161.67157.69151.85
Revenue From Operations / Share (Rs.) 230.25173.59139.11108.2891.23
PBDIT / Share (Rs.) 145.41115.8263.5355.1455.76
PBIT / Share (Rs.) 144.51115.0862.8854.6455.44
PBT / Share (Rs.) 65.9251.022.957.1812.66
Net Profit / Share (Rs.) 50.2238.582.635.568.82
PBDIT Margin (%) 63.1566.7145.6650.9261.12
PBIT Margin (%) 62.7666.2945.2050.4660.76
PBT Margin (%) 28.6229.392.126.6313.88
Net Profit Margin (%) 21.8122.221.885.139.66
Return on Networth / Equity (%) 17.7416.671.623.525.80
Return on Capital Employeed (%) 49.8949.2222.6034.0636.14
Return On Assets (%) 4.294.130.290.751.64
Long Term Debt / Equity (X) 0.000.000.700.000.00
Total Debt / Equity (X) 3.012.924.323.562.48
Asset Turnover Ratio (%) 0.210.200.170.160.18
Current Ratio (X) 1.311.311.431.251.38
Quick Ratio (X) 1.311.311.431.251.38
Interest Coverage Ratio (X) 1.851.811.061.161.30
Interest Coverage Ratio (Post Tax) (X) 1.641.601.041.121.21
Enterprise Value (Cr.) 11666.529712.660.000.000.00
EV / Net Operating Revenue (X) 5.045.580.000.000.00
EV / EBITDA (X) 7.978.360.000.000.00
MarketCap / Net Operating Revenue (X) 2.012.300.000.000.00
Price / BV (X) 1.641.720.000.000.00
Price / Net Operating Revenue (X) 2.012.300.000.000.00
EarningsYield 0.100.090.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Fusion Finance Ltd. is a Public Limited Listed company incorporated on 05/09/1994 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L65100DL1994PLC061287 and registration number is 061287. Currently Company is involved in the business activities of Other financial service activities, except insurance and pension funding activities. Company's Total Operating Revenue is Rs. 1698.53 Cr. and Equity Capital is Rs. 161.52 Cr. for the Year ended 31/03/2026.
INDUSTRYADDRESSCONTACT
Microfinance InstitutionsH-1, C Block, Community Centre, New Delhi Delhi 110028Contact not found
Management
NamePosition Held
Mr. Puneet GuptaChairman(NonExe.&Ind.Director)
Mr. Sanjay GaryaliManaging Director & CEO
Ms. Namrata KaulInd. Non-Executive Director
Mr. Hemant Omprakash MundraNon Exe.Non Ind.Director
Mr. Rajeev SardanaInd. Non-Executive Director
Ms. Ratna Dharashree VishwanathanInd. Non-Executive Director
Mr. Kenneth Dan Vander WeeleNon Exe. & Nominee Director
Mr. Brahmanand HegdeInd. Non-Executive Director

FAQ

What is the intrinsic value of Fusion Micro Finance Ltd and is it undervalued?

As of 16 June 2026, Fusion Micro Finance Ltd's intrinsic value is ₹138.34, which is 15.13% lower than the current market price of ₹163.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (0.68 %), book value (₹152), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Fusion Micro Finance Ltd?

Fusion Micro Finance Ltd is trading at ₹163.00 as of 16 June 2026, with a FY2026-2027 high of ₹225 and low of ₹136. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,637 Cr..

How does Fusion Micro Finance Ltd's P/E ratio compare to its industry?

Fusion Micro Finance Ltd has a P/E ratio of 190, which is below the industry average of 469.28. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Fusion Micro Finance Ltd financially healthy?

Key indicators for Fusion Micro Finance Ltd: ROCE of 5.92 % is on the lower side compared to the industry average of 12.30%; ROE of 0.68 % is below ideal levels (industry average: 29.98%). Dividend yield is 0.00 %.

Is Fusion Micro Finance Ltd profitable and how is the profit trend?

Fusion Micro Finance Ltd reported a net profit of ₹-1,225 Cr in Mar 2025 on revenue of ₹2,320 Cr. Compared to ₹22 Cr in Mar 2022, the net profit shows a declining trend.

Does Fusion Micro Finance Ltd pay dividends?

Fusion Micro Finance Ltd has a dividend yield of 0.00 % at the current price of ₹163.00. The company is currently not paying meaningful dividends.

Last Updated: June 12, 2026, 8:29 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 543652 | NSE: FUSION
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 Fusion Micro Finance 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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