Manipal Fin. Cor (507938)

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

Key Financials

Strengths

• Profit growth of +64.29% suggests some recent improvement, though from a negligible base.
• Piotroski F-Score of 5/9 indicates moderate financial health, not imminent bankruptcy.
• Tiny ₹8 Cr market cap means low expectations; even a small absolute profit could change the narrative.
• As an NBFC, it holds a regulated financial license that could have value if operations are revived.

Concerns

• Latest quarter sales and net profit are both ₹0 Cr, so there is no current earnings stream to value.
• ROE of -48.05% shows severe ongoing shareholder value destruction.
• Price of ₹5.54 is below the 52-week low of ₹9.50, indicating persistent selling pressure and falling confidence.
• Critical data such as book value, promoter holding, and debt/equity are unavailable, making margin-of-safety analysis impossible.

AI Analysis

Looking at Manipal Fin. Cor, my first instinct is to say: I don't understand it, so I won't invest. The numbers are alarming. The price is ₹5.54, yet the 52-week range is ₹9.50-₹23.50. A stock trading below its 52-week low is not a bargain; it is a red flag. The latest quarter shows ₹0 Cr sales and ₹0 Cr net profit. A non-banking finance company with no revenue is not a going concern; it is a shell. The P/E of 0.00 is meaningless without earnings. Return on equity of -48.05% means this company is destroying shareholder capital at a speed Graham would have abhorred. The reported profit growth of 64.29% is useless when net profit is zero and the base was negative. I cannot trust percentages without rupee values behind them. The Piotroski F-Score of 5 out of 9 is mediocre, not a sign of hidden strength. Without book value, debt/equity, or promoter holding data, I have zero ability to calculate a margin of safety. In a micro-cap NBFC with an ₹8 Cr market cap, there is no room for error. Buffett says it is better to be approximately right than precisely wrong. Here, I cannot even be approximately right. The only positive is that expectations are extremely low; if there is a genuine operational turnaround, there could be optionality. But I need evidence: actual quarterly revenue, positive net profit, and a clean balance sheet. Until then, this remains a pass. In Graham's words, the market is a weighing machine, and at -48% ROE, the machine is not kind.

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