Amalgamated Elec (501622)

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

Key Financials

Strengths

• Small market cap of ₹15 Cr means the company could potentially be revived or acquired with a relatively small amount of capital.
• At ₹53.61, the stock trades roughly 45% below its 52-week high of ₹97.45, so there are no signs of peak euphoria.
• The latest quarter's net loss is rounded to ₹-0 Cr, suggesting operating expenses are minimal and cash burn, if any, is tiny.
• The reported ROE of 96.46% is eye-catching, though it needs a deep audit before being relied upon.

Concerns

• Latest quarter sales are ₹0 Cr; the company appears to have no active revenue-generating operations.
• Profit growth of -700% and a negative net profit point to serious deterioration, not a temporary hiccup.
• Piotroski F-score of 2/9 flags very poor financial health and weak signals across profitability, assets, and efficiency.
• P/B, book value, debt/equity, and promoter holding are all unavailable, making valuation, solvency, and governance impossible to assess.

AI Analysis

At first glance, ₹53.61 looks like a low-priced stock, but low price per se is not value. Amalgamated Elec has a market cap of only ₹15 Cr, yet the latest quarter reports sales of ₹0 Cr and net profit of ₹-0 Cr. A business with no revenue is not a business I can evaluate; it is a collection of hopes. The P/E of 0.00 is not cheap; it is meaningless without earnings. Profit growth is -700%, the Piotroski F-Score is 2/9, and ROCE is zero. These are not the numbers of a franchise with a moat; they are the numbers of an enterprise in distress. The reported ROE of 96.46% looks impressive, but with no sales and no book value available, I treat it as a mathematical artifact, not an economic advantage. There is no dividend, no promoter holding data, and no debt-to-equity ratio. If I cannot see the balance sheet, I cannot compute a margin of safety. Graham taught me to buy with enough margin to survive errors; here, even the basic data is an error. The 52-week range of ₹38.90 to ₹97.45 tells me the stock has already fallen sharply, but a falling knife still cuts. At best, this could become a turnaround if new promoters bring in capital and assets; at present, there are zero signs of that. I would need audited financials, a clear explanation for the -700% profit swing, and evidence of operations before I would even put a small speculative amount at risk. My job is not to lose money. This one I will watch from a distance, not own. As Buffett says, it is far better to be certain of a small gain than hopeful of a large one.

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