Avishkar Infra (508929)

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

Key Financials

Strengths

• Reported ROE of 46.48% shows past capital efficiency from a small equity base (book value ₹4.27), though current profit is zero.
• ROCE of 13.28% is positive, indicating existing capital employed is not currently loss-making.
• Positive book value of ₹4.27 per share provides some tangible net worth.
• The stock's stated 52-week high of ₹713.95 shows it has previously attracted strong market interest, if not current fundamentals.

Concerns

• Latest quarter sales ₹0 and net profit ₹0, with 0.00% sales/profit growth; the 811.83 P/E is paying for earnings that are not visible.
• Price-to-book of 11.14 against book value ₹4.27 gives no asset margin of safety; dividend yield is 0%.
• Piotroski F-Score of 3/9, no promoter holding/debt-equity data, and N/A FairStock Score make financial health and governance hard to assess.
• Current price ₹47.58 is below the stated 52-week low of ₹222.90, suggesting data inconsistency or a major impairment/corporate action.

AI Analysis

Let me start with price: ₹47.58, market cap ₹107 crore. A P/E of 811.83 immediately tells me the market is capitalising earnings that are almost non-existent. The latest quarter shows sales of ₹0 and net profit of ₹0; annual sales and profit growth are 0%. Benjamin Graham taught me to treat a P/E with suspicion when there is no earnings power behind it. The book value is ₹4.27, so at ₹47.58 I am paying 11.14 times book. That is not buying assets at a discount; it is paying a large premium for hope. The reported ROE is 46.48%, and ROCE is 13.28%, but with zero current profit these are backward-looking distortions from a thin equity base, not a moat. In real estate, cash flows are lumpy and each project carries execution and leverage risk. But here we do not even have visibility of debt/equity or promoter holding. The Piotroski F-Score is 3/9, and the FairStock Score is N/A due to insufficient data; these do not inspire confidence. There is also no dividend, so the investor receives no income while waiting. The 52-week range is quoted as ₹222.90 to ₹713.95, yet the current price is ₹47.58. That mismatch makes me question whether the price is adjusted for a corporate action or whether the data are unreliable. My approach is simple: I want a business with honest accounts, visible earnings, and a margin of safety. This has none of those. It could be a turnaround candidate, but a value investor does not buy a potential turnaround at 11 times book and 800 times earnings. I will watch from the sidelines until real sales and profit appear.

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