Jolly Plastic (507968)

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

Key Financials

Strengths

• Positive book value of ₹9.62 provides a stated asset base.
• Small market cap of ₹18 crore limits the total capital at risk.
• Positive ROE of 3.80% shows the company is not consistently loss-making.
• As an investment company, its asset portfolio can theoretically be valued and unwound.

Concerns

• P/E of 70.19 with 0.00% sales and profit growth implies an extreme valuation with no visible growth support.
• P/B of 2.84 against book value of ₹9.62 leaves no margin of safety at the current price.
• ROCE of 0.29% and zero dividend yield mean shareholders earn almost nothing while waiting.
• Critical data are missing: promoter holding, debt/equity, 52-week range, and the latest quarter shows ₹0 crore sales and profit.

AI Analysis

At ₹27.32, Jolly Plastic is a ₹18 crore market-cap investment company selling at 70.19 times earnings and 2.84 times book value, while earning a return on equity of just 3.80%. That is not a business; that is a pocketful of hopes. Benjamin Graham would ask me to look at the facts: latest quarter sales are ₹0 crore, net profit is ₹0 crore, and both sales and profit growth are 0.00%. There is no dividend to send me a cheque while I wait. The Piotroski score of 4/9 suggests financial health is average at best, not the hallmark of a wealth compounder. What could justify today's price? Perhaps the ₹9.62 book value hides an investment portfolio worth more than the stated figure. But at 2.84 times book, the market is already paying a huge premium over what the company says its assets are worth. I cannot build a margin of safety on a P/E of seventy, a zero growth rate, and a negative question mark around disclosure. Promoter holding is unavailable, debt/equity is unavailable, the 52-week range is unavailable. When I have to guess, I do not invest. The PEG ratio of 0.94 is meaningless because the earnings growth is zero. A cheap-looking valuation is worthless if the denominator is empty. In the Graham tradition, I am not in the business of buying mystery assets at a premium. I need either a substantial discount to intrinsic value, or evidence that management is converting book value into income. Jolly Plastic shows neither. This one goes on my pass-and-ignore list. The price is small, but the risks are large.

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