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First Fintec Ltd (FIRSTFIN) Fair Value & Analysis

Information Technology · IN · Market cap ₹84.4M (≈ $894K) · ISIN INE683B01047

What is First Fintec Ltd really worth?

FF First Fintec Ltd FIRSTFIN · BSE
Price₹7.36
Fair Value₹1.72
Upside−76.6%
Quality58/100

A solid business, but trading 328% above our fair value of ₹1.72.

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Strengths

Low debt · generates free cash flow

Risks

!Weak Growth (revenue 5y +81.1 %/yr)
!Loss-making · -2.0% net margin
!Mixed vs. peers (4/10)
!Narrow moat 18/100
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹1.14 – ₹2.31

Fair value as of: Aug 22, 2026

From 7 valuation models · updated 14 days ago

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (₹2.31). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹1.14 to ₹2.31) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

₹11.68 ₹4.00 Fair Value ₹1.72 Feb 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹4.00 – ₹11.68 · fair‑value band ₹1.14 – ₹2.31 · the ₹7.36 price screens above the ₹1.72 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

First Fintec Ltd (FIRSTFIN) currently trades at ₹7.36, while our model-based Fair Value estimate is ₹1.72, implying the stock looks roughly 327.9% overvalued today. The Quality Score stands at 58/100 (solid quality), in the Information Technology sector. Bull case: the Asset-Based group reads highest at a median of ₹6.78 per share, and 0 of the 7 models we run sit above the ₹7.36 price. Bear case: the Multiples group reads lowest at ₹1.96, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, First Fintec Ltd generated revenue of ₹27.4M at a net margin of −2.0%. Revenue declined 18.8% year over year. It earns a return on equity of −0.5%. Net debt stands at ₹2.4M. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹1.14 (bear case) to ₹2.31 (bull case); at ₹7.36, the current price sits above 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 23% below its 52-week high and 40% above its 52-week low, currently above its 200-day average. For context, the median of 10 Information Technology peers we cover trades at −17% fair-value upside, at −77%, FIRSTFIN screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF ₹1.79 ₹2.50 ₹4.58 75
Growth DCF ₹1.67 ₹2.70 ₹4.30 75
5Y Revenue Exit ₹1.59 ₹2.66 ₹4.89 67
All 7 models by family
DCF Models
FCF DCF ₹1.79 ₹2.50 ₹4.58 75
5Y Revenue Exit ₹1.59 ₹2.66 ₹4.89 67
10Y Revenue Exit ₹1.61 ₹3.28 ₹4.27 64
Multiples
EV/Revenue ₹1.37 ₹1.96 ₹2.54 53
Asset-Based
NCAV (Graham) ₹5.06 ₹6.78 ₹10.11 54
Growth DCF
Growth DCF ₹1.67 ₹2.70 ₹4.30 75
Rev-Margin DCF ₹1.74 ₹3.04 ₹5.74 67

Widest divergence: Asset-Based (₹6.78) versus Multiples (₹1.96). Highest evidence: FCF DCF (75).

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Key figures & financial health

P/S ratio 3.08 TTM
EPS (TTM) ₹−0.0500
Net margin −2.1% FY2026
Return on equity −0.5% TTM
Return on assets (EBIT) −10.3% avg 5y
Operating margin −64.7% TTM
More key figures
Growth
Revenue (TTM) ₹27.4M TTM
Revenue growth (YoY) −18.8% 3y avg −24.3%
EPS growth (YoY) −35.8%
Balance sheet & cash flow
Free cash flow ₹1.6M FY2026
Net debt ₹2.4M FY2026 · ≈ 1.5 yrs of FCF

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 58/100

Of which business quality 56 · Market factors (momentum, volatility) 53

Profitability 13
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 51
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.

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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

First Fintec Ltd reported revenue of ₹25.3M in FY2026 versus ₹6.3M in FY2022, a compound +41.6%/yr. Reported net income was −₹540K in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹25.3M
Latest YoY
+38.1%
Avg. revenue 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.
−24.3%
Avg. revenue 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.
+81.1%
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 +41.6%/yr
FY22 ₹6.3M
FY23 ₹58.3M
FY24 ₹17.8M
FY25 ₹18.3M
FY26 ₹25.3M
Net income
FY22 −₹33.8M
FY23 −₹16.5M
FY24 −₹1.9M
FY25 −₹950K
FY26 −₹540K

FIRSTFIN screens 328% overvalued. Compare with Formpipe Software AB →

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Cite: Fair Value Calculator (2026). "First Fintec Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FIRSTFIN

Peer Group

Information Technology · 3640 stocks

How this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Application Software” was too small, so the broader sector is used.)

Quality Score 58 · Above median
Fair Value upside −77% · Bottom 25%
Return on assets 0% · Below median
Net margin (TTM) −2% · Below median
Operating margin (TTM) −65% · Bottom 25%
Revenue growth −19% · Bottom 25%

Valuation Multiples vs Information Technology median · lower = cheaper

P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 0.6× · Cheaper than median

Strength profile in five axes (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
FUTURE0 · sector 42
PAST0 · sector 22
HEALTH100 · sector 97
DIVIDEND0 · sector 27

VALUE 0: the price sits above our fair-value range.

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 Application Software stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
Formpipe Software AB FPIP kr 29.90 kr 24.73 −17%
526544 526544 ₹2.62 ₹0.8600 −67%
Spenda Limited CROTD $0.0070 $0.0072 +3%
B2BSOFT B2BSOFT ₹23.75 ₹29.56 +24%
The fund FLXI $49.00 $132.63 +171%
SCANPGEOM SCANPGEOM ₹2.51 ₹1.85 −26%
Xiaomi Corporation 81810 HK$24.16 HK$38.03 +57%
532755 532755 ₹1,586 ₹922.45 −42%
Lenovo Group 80992 HK$30.00 HK$6.62 −78%
CEINSYSTECH CEINSYSTECH ₹796.45 ₹586.06 −26%

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Frequently asked questions

Is First Fintec Ltd (FIRSTFIN) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹1.72 versus a price of ₹7.36, about −77% upside (overvalued).
What is the fair value of FIRSTFIN?
Our model-based fair value for First Fintec Ltd is ₹1.72 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹7.36.
What is the quality score of FIRSTFIN?
First Fintec Ltd has a Quality Score of 58/100. 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 First Fintec Ltd (FIRSTFIN)?
First Fintec Ltd reported trailing-twelve-month revenue of about ₹27.4M (latest available figure, as of Aug 22, 2026).
What is the net profit margin of FIRSTFIN?
The net profit margin of First Fintec Ltd is about −2.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
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