India Lease Dev. (500202)

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

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

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.

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