India Radiators (505100)

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

Key Financials

Strengths

• Book value per share is positive at ₹1.58, so there is a small tangible asset base rather than a negative net worth.
• At ₹8.06, the stock trades below its 52-week range of ₹11.30-₹14.40, indicating no valuation froth and low expectations.
• The company has a public listing and a quoted price, so the situation can be monitored and exited if a turn becomes visible.
• Zero dividend payout means no cash is being wasted on dividends while the business is unprofitable.

Concerns

• Latest quarter shows zero sales and a net loss (₹-0 Cr), meaning no earnings power or moat.
• P/B of 5.10 means the market price is far above book value (₹8.06 vs ₹1.58), leaving no margin of safety.
• ROE of -1121.40% and ROCE of -454.55% indicate severe capital destruction.
• Piotroski F-score of 2/9 and an unstated P/E of 0.00 signal poor financial health and invisible operating profits.

AI Analysis

When I look at India Radiators, I see no business worth buying. Buffett says the first rule is to never lose money; Graham would demand a margin of safety. This stock fails both. The latest quarter has sales of ₹0 Cr and a net profit of ₹-0 Cr. There is no operating engine. With ROE at -1121.40% and ROCE at -454.55%, capital is being destroyed, not compounded. The so-called profit growth of -26.67% is meaningless when the absolute numbers are negative. At ₹8.06, I am paying 5.10 times book value of ₹1.58. That is not a discount; it is a premium for a deteriorating shell. The market cap of ₹1 Cr tells me this is a microcap float with negligible institutional quality. The Piotroski F-score of 2/9 supports my caution: this is one of the worst financial-health scores possible. There is no dividend yield, no sales growth, no promoter commitment disclosed, and no credible moat. The 52-week range of ₹11.30 to ₹14.40 and current price of ₹8.06 actually shows the stock below its previous low, which means sellers are still in charge. In Graham's framework, a good investment must be based on assets, earnings, or demonstrated future earning power. Here we have none. Positive book value is the only fixed point, but at 5.1 times book, the price already capitalizes far beyond assets. This is not a value investment; it is a lottery ticket. If the business someday restructures, finds sales, and converts equity into positive returns, my view would change. But I do not buy hope at a premium to book. I would wait for either a much lower price, a clean balance sheet, and evidence of revenue, or for a full business turnaround. Until then, I will keep my money in businesses with demonstrated earning power.

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