Computer Point (507833)

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

Key Financials

Strengths

• Trading below book value with P/B of 0.85; every rupee of stated book costs ₹0.85
• Market cap of ₹29 Cr is small, leaving room for potential asset unlocking or corporate action
• ROCE is marginally positive at 0.06%, indicating some assets are generating nominal returns
• Price near the top of its 52-week range (₹9.55 vs ₹3.41 low) shows renewed market interest

Concerns

• Latest quarter shows ₹0 Cr sales and ₹0 Cr net profit, implying the business is largely dormant
• Negative ROE of -1.07% and profit growth of -800% point to deteriorating fundamentals
• Piotroski F-Score of 3/9 signals weak financial health and possible balance-sheet stress
• No dividend, no meaningful earnings, and promoter holding not disclosed reduce confidence

AI Analysis

At ₹9.55, Computer Point has a market cap of just ₹29 Cr against a book value of ₹11.27 per share. On paper, that looks like a classic Ben Graham asset play — you are paying about 85 paise for every rupee of stated book. But I have learned that a cheap price can be a trap if the business itself is bleeding. The latest quarter shows sales of ₹0 Cr and a net loss of ₹0 Cr, so there is no operating engine generating value. Return on equity is negative at -1.07%, and while ROCE is barely positive at 0.06%, that is not enough to justify capital. The Piotroski score of 3/9 reinforces my caution; the fundamentals appear fragile. Profit growth has collapsed by 800%, and with zero dividend, the shareholder is dependent entirely on asset realisation or a future turnaround. I cannot call this a wonderful business. There is no evidence of moat, pricing power, or a committed, disclosed promoter — indeed promoter holding is not available. The price has run from ₹3.41 to ₹9.55, so the market has already noticed the asset value, but I need clearer signs of earning power. Graham said price is what you pay, value is what you get. Value here may exist in the balance sheet, but I would want to know how real that book value is, whether there are contingent liabilities, and whether management can eventually turn this shell into a viable enterprise. Until sales and profits return, this remains a speculative asset play, not a compounding machine. I would keep it small, if any, and monitor every quarterly filing.

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