India Lease Dev. (500202)

Score breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• P/B of 1.30 is not excessive, so downside may be capped if the stated ₹6.82 book value is real.
• Market cap of ₹13 crore is tiny, leaving theoretical scope for an asset unlock or corporate action.
• Piotroski F-Score of 5/9 indicates some basic financial health metrics are positive.
• Current price of ₹8.85 is closer to the 52-week low of ₹7.14 than the high of ₹12.16, reducing euphoria risk.

Concerns

• Latest quarter sales and net profit are both ₹0 crore, leaving the company with no visible earnings engine.
• ROE of -0.96% and ROCE of -1.12% show the business is destroying value on its book capital.
• P/E is 0 and dividend yield is 0%, so there is no earnings yield or income support at the current price.
• Promoter holding is N/A, so ownership alignment cannot be verified.

AI Analysis

When I look at India Lease Dev., I first ask: what does this business earn? The latest quarter shows zero revenue and zero net profit, and the trailing P/E is zero. That is not a business; it is a shell with a book value. As an NBFC, it should be earning interest or fees, but there is no income. ROE is -0.96% and ROCE is -1.12%, meaning management is actually destroying value, not creating it. At ₹8.85, I am paying 1.3 times book value of ₹6.82 for a company earning negative returns. That fails my margin-of-safety test. A P/B of 1.30 may appear reasonable, but it is not cheap when the business cannot generate a positive return on those assets. The 100% profit growth is meaningless because it starts from a zero base; one cannot improve from nothing to nothing and call it growth. There is no dividend, so shareholders get no cash while waiting. Promoter holding is not disclosed, so I cannot judge whether promoters are aligned with me. The market cap is only ₹13 crore, which makes this a microcap with serious liquidity and governance risks. The Piotroski score of 5 out of 9 is mediocre, not a sign of strength. This is not a compounder, not a stalwart, and not a value stock in the Graham sense. It might be an asset play if the book value is real and matched by recoverable assets, but I have no evidence of that. In investing, you do not pay even a modest premium to book for a business with no earnings and negative returns. Price is what you pay; value is what you get. Here, I see very little value to get.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer